Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX+0.028%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1621.618% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.028%, 7d avg −0.003%

Together, before fees−0.150%−$15 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: Gate is 0.031% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOXS-USDT	35.730	0	get 0.0000% / 8h	7h 03m	—	$4.0M	10x
Short	Gate SOXS_USDT	35.740	0	get 0.0000% / 8h	7h 03m	$2.3M	$16.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.003%: $3.13
Slippage, 4 orders: −$138.78
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$158.65
Costs to cover: 1.618%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Gate: live order book, 5 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 SunX live order book, 5 min ago	46.07 bp	66.7 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.40 bp	15.5 bp −$16	36.8 bp −$368	95.4 bp −$9,542	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	−0.0674%	1h	35.734	+0.012%	$9K	$31K	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.770	+0.112%	$14.0M	$206.7M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.780	+0.140%	$4.0M	$11.7M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.780	+0.140%	$2.7M	$23.0M	25x	as long as short
Gate SOXS_USDTshort	0.0000%	8h	35.740	+0.028%	$2.3M	$16.0M	25x
MEXC SOXS_USDT	0.0000%	8h	35.760	+0.084%	$11.3M	$15.6M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.759	+0.081%	$443K	$729K	—	as long as short
SunX SOXS-USDTlong	0.0000%	8h	35.730	long leg	—	$4.0M	10x
HTX SOXS-USDT	0.0000%	8h	35.720	−0.028%	$12K	$27K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.760	+0.084%	$1.3M	$1.8M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0016%	8h	35.720	−0.028%	$178K	$68K	25x	as long as short
edgeX SOXSUSDC	+0.0030%	4h	35.762	+0.089%	$39K	$172K	10x	as long as short
Lighter SOXS	+0.0032%	1h	35.725	−0.014%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.780	+0.140%	$713K	$2.9M	10x	as long as short
Bitget SOXSUSDT	+0.1503%	8h	35.759	+0.081%	$5.2M	$21.5M	20x	as long as short