Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 33.360 | 0 | 0.0000% / 8h | 1h 42m | $1.4M | $1.7M | 20x | Long Phemex | |
| SHORT | 33.420 | +0.0042 | get 0.0005% / 1h | 42m 30s | $1.1M | $4.2M | 30x | Short QFEX |
Price gap+0.180%
Funding gap+0.0042% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.208% above its 7d average: +$21 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2+0.0042% /8h now · paid +0.023% over the last 5 days (all we have)
Price+$21spread +0.180% now, avg −0.028% → +0.208% if it goes back
Costs−$1191.191% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.180%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSOXS on 16 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size48.9 / 8.1 bpAt $10k entering Phemex costs 48.9 bp, fee and slippage, 6.0× QFEX’s.
- Note: Margin at max leverage$500 + $333Phemex 20x, QFEX 30x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.26Long Phemex: 3 payments, $0.00; short QFEX: 24 payments, +$1.26.
- OK: Entry gap works for you+0.180% vs −0.028%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Short leg is thinner$1.1M vs $1.4M OIBoth legs are deep; QFEX is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · QFEX NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0015%/8h × 21 periods+$3.23
Price spread+0.180% → −0.028% (7d avg)+$20.81
Slippage, 4 orderslive order books−$97.05
Fee Phemex bp × 2 orders−$12.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$95.02
Costs to cover1.191%Break-even212.8 days
Slippage: Phemex: live order book, 4 min ago; QFEX: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex7.4648.9 bp−$49doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX3.018.1 bp−$813.9 bp−$139doesn’t fitdoesn’t fit
Closing costs about the same again.
SOXS news
posts that mention SOXS or Direxion Semiconductor Bear 3x, from every exchangeSearch all news →| 09-28 13:30 | QFEX | Listing | $SOXS - Direxion Daily Semiconductor Bear 3X ETF is now trading 24/7 on QFEX @QFEX on X ↗ |
| 09-25 16:48 | QFEX | Listing | new market SOXS-USD ($SOXS) seen by our collector |
| 09-22 22:30 | Binance | Other | SOXS bStock (SOXSB) dividends are now in your Spot Wallet ✅ If you were holding tokens before 23 Sep 2026, your dividend should now be available. → $0.43 USD dividend per share → Distributed as additional SOXSB Thank you for being part of Binance bStocks. 🫡 @binance on X ↗ |
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