Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Phemex−0.059%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2452.451% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.059%, 7d avg +0.011%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.069% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXSUSDT	34.040	0	get 0.0000% / 8h	7h 50m	$1.2M	$1.9M	20x
Short	SunX SOXS-USDT	34.020	0	get 0.0000% / 8h	7h 50m	—	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee SunXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → +0.011%: −$6.95
Slippage, 4 orders: −$225.06
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$252
Costs to cover: 2.451%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; SunX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 3 min ago	8.78 bp	54.7 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	48.06 bp	74.6 bp −$75	doesn't fit	doesn't fit	doesn't fit

SOXS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOXSUSD	−0.1371%	1h	33.999	−0.120%	$8K	$32K	20x	as long as short
Gate SOXS_USDT	−0.0146%	8h	34.060	+0.059%	$2.4M	$8.9M	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.075	+0.103%	$15.2M	$169.5M	25x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	34.090	+0.147%	$2.5M	$15.8M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.070	+0.088%	$9.9M	$11.9M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.070	+0.088%	$5.7M	$16.1M	20x	as long as short
Variational Omni SOXS	0.0000%	8h	34.020	−0.060%	$296K	$534K	—	as long as short
SunX SOXS-USDTshort	0.0000%	8h	34.020	−0.059%	—	$4.7M	10x
HTX SOXS-USDT	0.0000%	8h	34.110	+0.206%	$11K	$21K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	34.040	long leg	$1.2M	$1.9M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0025%	8h	34.050	+0.029%	$164K	$54K	25x	as long as short
Lighter SOXS	+0.0032%	1h	34.030	−0.029%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	34.100	+0.176%	$742K	$2.2M	10x	as long as short
Bybit SOXSUSDT	+0.0279%	8h	34.060	+0.059%	$4.0M	$10.3M	50x	as long as short
edgeX SOXSUSDC	+0.0979%	4h	34.163	+0.361%	$37K	$183K	10x	as long as short