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 +0.064%

Price spread now: Bybit against Variational Omni−0.578%7-day average +0.033% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.071%+$7 on $10k

Price spread, last 3 days (all we have)+0.536%+$54 · spread now −0.578%, 7d avg +0.033%

Together, before fees+0.607%+ Points / potential airdropVariational Omni: Active · farm board+$61 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: Bybit is 0.610% cheaper against Variational Omni than usual: you would sell low and buy high, −$61 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOXS	34.670	0	get 0.0000% / 8h	7h 59m	$331K	$348K	—
Short	Bybit SOXSUSDT	34.470	0	get 0.0000% / 8h	7h 59m	$4.0M	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BybitbpOrdersPrice spread, now −0.578%Rate

Funding earned: $0
Price spread: −0.578% → +0.033%: −$61.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$72.03
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 15 min ago; Bybit: live order book, 9 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 15 min ago	4.13 bp	doesn't fit	12.2 bp −$122	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	1.44 bp	11.6 bp −$12	13.6 bp −$136	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	−0.1354%	1h	34.422	−0.717%	$8K	$32K	20x	as long as short
edgeX SOXSUSDC	−0.0667%	4h	34.671	+0.003%	$38K	$184K	10x	as long as short
BloFin SOXS-USDT	−0.0021%	8h	34.580	−0.261%	$164K	$55K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.487	−0.529%	$12.9M	$165.7M	25x	as long as short
Bybit SOXSUSDTshort	0.0000%	8h	34.470	−0.578%	$4.0M	$9.8M	50x
OKX SOXS-USDT-SWAP	0.0000%	8h	34.590	−0.232%	$2.5M	$15.3M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.530	−0.405%	$1.9M	$8.4M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.500	−0.491%	$11.6M	$11.5M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.570	−0.289%	$5.2M	$15.6M	20x	as long as short
Variational Omni SOXSlong	0.0000%	8h	34.670	long leg	$331K	$348K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXS-USDT	0.0000%	8h	34.460	−0.607%	—	$4.7M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.360	−0.895%	$11K	$23K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.490	−0.520%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	34.299	−1.071%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	34.690	+0.057%	$710K	$2.2M	10x	as long as short