Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0086%/8hnext payment −$0.86 per $10,000 · paid last 24h +0.182%

Price spread now: SunX against Bitget−0.194%60s7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1641.642% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.606%+$61 on $10k

Price spread, last 3 days (all we have)+0.178%+$18 · spread now −0.194%, 7d avg −0.054%

Together, before fees+0.783%+$78 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.140% cheaper against Bitget than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.606%, so the current rate has only just turned against you. The two prices were read 60 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	35.078	0.0086	pay 0.0086% / 8h	4h 02m	$5.5M	$15.2M	20x
Short	SunX SOXS-USDT	35.010	0	get 0.0000% / 8h	4h 02m	—	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.194%Rate

Funding earned: −$18.06
Price spread: −0.194% → −0.054%: −$13.99
Slippage, 4 orders: −$144.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$196.26
Costs to cover: 1.642%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; SunX: live order book, 10 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, 1 min ago	0.86 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	47.08 bp	71.6 bp −$72	doesn't fit	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	−0.0670%	1h	34.954	−0.353%	$10K	$22K	20x	as long as short
edgeX SOXSUSDC	−0.0298%	4h	35.104	+0.074%	$38K	$189K	10x	as long as short
BloFin SOXS-USDT	−0.0029%	8h	35.030	−0.137%	$162K	$54K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.060	−0.051%	$13.4M	$161.1M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.060	−0.051%	$4.1M	$10.0M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.080	+0.006%	$2.4M	$13.1M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.040	−0.108%	$1.9M	$8.9M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.040	−0.108%	$12.6M	$9.9M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.035	−0.123%	$302K	$352K	—	as long as short
SunX SOXS-USDTshort	0.0000%	8h	35.010	−0.194%	—	$5.0M	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOXS-USDT	0.0000%	8h	35.030	−0.137%	$12K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.000	−0.222%	$1.2M	$1.8M	20x	as long as short
Lighter SOXS	+0.0032%	1h	34.997	−0.231%	—	—	10x	as long as short
Bitget SOXSUSDTlong	+0.0086%	8h	35.078	long leg	$5.5M	$15.2M	20x
KuCoin SOXSUSDTM	+0.0100%	8h	35.030	−0.137%	$723K	$1.9M	10x	as long as short