Funding you earn now, next payment 08:00 UTC−0.1973%/8h= −216.1% APRnext payment −$19.73 per $10,000 · paid last 24h +0.038%
Price spread now: OKX against Bitget+0.193%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$520.521% of the position
Funding, last 7 days+0.499%+$50 on $10k
+Price spread, last 7 days−0.163%−$16 · spread now +0.193%, 7d avg +0.005%
=The price spread pays, funding is against you. OKX is 0.188% dearer against Bitget than usual: you sell high and buy low (spread +0.193% now, against its 7-day average of +0.005%): +$19 on $10k if it goes back. Holding the pair costs −$59 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.499%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.499% in total (about 26.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$19.73 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SOXSUSDT | 35.701 | 0.2013 | pay 0.2013% / 8h | 48m 29s | $6.0M | $19.6M | 20x |
| Short | OKX SOXS-USDT-SWAP | 35.770 | 0.0040 | get 0.0040% / 8h | 48m 29s | $2.8M | $21.2M | 25x |
Bitget SOXSUSDT
OKX SOXS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$414.35
- Price spread: +0.193% → +0.005%
- $18.83
- Slippage, 4 orders
- −$30.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$447.66
- Costs to cover
- 0.521%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; OKX: 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 Bitget live order book, 5 min ago | 0.98 bp | 15.6 bp −$16 | 32.5 bp −$325 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.40 bp | 11.3 bp −$11 | 17.1 bp −$171 | 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 | −0.0119% | 1h | 35.646 | −0.155% | $8K | $32K | 20x | as long as short |
| Bybit SOXSUSDT | 0.0000% | 8h | 35.770 | +0.193% | $4.1M | $11.4M | 50x | as long as short |
| Gate SOXS_USDT | 0.0000% | 8h | 35.690 | −0.031% | $2.2M | $12.1M | 25x | as long as short |
| SunX SOXS-USDT | 0.0000% | 8h | 35.700 | −0.003% | — | $4.3M | 10x | as long as short |
| HTX SOXS-USDT | 0.0000% | 8h | 35.840 | +0.389% | $11K | $24K | 10x | as long as short |
| Phemex SOXSUSDT | 0.0000% | 8h | 35.670 | −0.087% | $1.2M | $1.9M | 20x | as long as short |
| Lighter SOXS | +0.0032% | 1h | 35.679 | −0.062% | — | — | 10x | as long as short |
| OKX SOXS-USDT-SWAPshort | +0.0040% | 8h | 35.770 | +0.193% | $2.8M | $21.2M | 25x | |
| Variational Omni SOXS | +0.0041% | 8h | 35.808 | +0.300% | $465K | $705K | — | as long as short |
| Binance SOXSUSDT | +0.0083% | 8h | 35.752 | +0.143% | $15.2M | $196.1M | 25x | as long as short |
Kraken Futures PF_SOXSUSD
Bybit SOXSUSDT
Gate SOXS_USDT
SunX SOXS-USDT
HTX SOXS-USDT
Phemex SOXSUSDT
Lighter SOXS
Variational Omni SOXS
Binance SOXSUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SOXS_USDT | +0.0084% | 8h | 35.730 | +0.081% | $13.2M | $14.3M | 50x | as long as short |
| BloFin SOXS-USDT | +0.0105% | 8h | 35.700 | −0.003% | $183K | $63K | 25x | as long as short |
| KuCoin SOXSUSDTM | +0.0124% | 8h | 35.700 | −0.003% | $693K | $2.8M | 10x | as long as short |
| edgeX SOXSUSDC | +0.0853% | 4h | 35.802 | +0.283% | $39K | $175K | 10x | as long as short |
| Bitget SOXSUSDTlong | +0.2013% | 8h | 35.701 | long leg | $6.0M | $19.6M | 20x |
MEXC SOXS_USDT
BloFin SOXS-USDT
KuCoin SOXSUSDTM
edgeX SOXSUSDC