Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1061%/8h= −116.2% APRpaid last 24h +0.219%

Price spread now: Kraken Futures against Variational Omni−0.084%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Kraken Futures is 0.084% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOXS	35.070	0	get 0.0000% / 8h	1h 06m	$299K	$325K	—
Short	Kraken Futures PF_SOXSUSD	35.041	−0.1061	pay 0.0133% / 1h	6m 16s	$8K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$222.91
Price spread: −0.084% → 0.000%: −$8.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$241.34
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 13 min ago; Kraken Futures: no order-book sample. 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, 13 min ago	4.11 bp	doesn't fit	14.4 bp −$144	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_SOXSUSDshort	−0.1061%	1h	35.041	−0.084%	$8K	$31K	20x
edgeX SOXSUSDC	−0.0908%	4h	35.066	−0.012%	$38K	$184K	10x	as long as short
BloFin SOXS-USDT	−0.0024%	8h	35.070	−0.001%	$166K	$57K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.060	−0.029%	$13.3M	$167.9M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.070	−0.001%	$3.9M	$10.1M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.060	−0.029%	$2.5M	$14.7M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.050	−0.058%	$2.0M	$9.1M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.050	−0.058%	$13.1M	$10.7M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	35.063	−0.021%	$5.1M	$16.0M	20x	as long as short
Variational Omni SOXSlong	0.0000%	8h	35.070	long leg	$299K	$325K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXS-USDT	0.0000%	8h	35.050	−0.058%	—	$4.9M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.120	+0.142%	$12K	$23K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.070	−0.001%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.035	−0.101%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.060	−0.029%	$725K	$2.2M	10x	as long as short