Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.1176%/8h= −128.8% APRpaid last 24h −0.175%

Price spread now: Kraken Futures against Bitget−0.152%48s7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Kraken Futures is 0.152% cheaper against Bitget than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOXSUSDT	35.672	0.1024	pay 0.1024% / 8h	6h 12m	$5.3M	$22.1M	20x
Short	Kraken Futures PF_SOXSUSD	35.618	−0.0152	pay 0.0019% / 1h	12m 26s	$9K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$246.97
Price spread: −0.152% → 0.000%: −$15.16
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$284.13
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.26 bp	12.6 bp −$13	doesn't fit	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 exchanges

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	−0.0152%	1h	35.618	−0.152%	$9K	$31K	20x
Binance SOXSUSDT	0.0000%	8h	35.679	+0.020%	$13.6M	$210.3M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.690	+0.050%	$4.0M	$11.9M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.660	−0.034%	$2.6M	$23.6M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.670	−0.006%	$2.2M	$16.3M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.670	−0.006%	$11.0M	$15.4M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.677	+0.015%	$443K	$731K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.680	+0.022%	—	$3.9M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.730	+0.163%	$13K	$26K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.680	+0.022%	$1.3M	$1.8M	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0026%	8h	35.700	+0.078%	$175K	$72K	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.675	+0.008%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.710	+0.107%	$709K	$2.9M	10x	as long as short
edgeX SOXSUSDC	+0.0835%	4h	35.690	+0.052%	$39K	$173K	10x	as long as short
Bitget SOXSUSDTlong	+0.1024%	8h	35.672	long leg	$5.3M	$22.1M	20x