Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0394%/8h= +43.2% APRpaid last 24h +0.015%

Price spread now: Kraken Futures against BloFin−0.113%57s7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Funding pays, the price is against you. Kraken Futures is 0.113% cheaper against BloFin than usual: you would sell low and buy high (spread −0.113% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 23 hours of funding at the current rate (+$12 a day). The two prices were read 57 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	BloFin SOXS-USDT	34.030	−0.0008	get 0.0008% / 8h	4h 33m	$192K	$54K	25x
Short	Kraken Futures PF_SOXSUSD	33.992	0.0386	get 0.0048% / 1h	33m 27s	$8K	$32K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.113%Rate

Funding earned: $82.77
Price spread: −0.113% → 0.000%: −$11.25
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $49.52
Costs to cover: 0.220%
Break-even: 2.8 days

Slippage unknown: BloFin: live order book, 64 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 BloFin live order book, 64 min ago	1.47 bp	9.7 bp −$10	11.0 bp −$110	42.1 bp −$4,211	175.9 bp −$87.9K
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
edgeX SOXSUSDC	−0.0503%	4h	34.029	−0.002%	$37K	$179K	10x	as long as short
Bitget SOXSUSDT	−0.0331%	8h	34.042	+0.035%	$5.9M	$16.6M	20x	as long as short
BloFin SOXS-USDTlong	−0.0008%	8h	34.030	long leg	$192K	$54K	25x
Gate SOXS_USDT	0.0000%	8h	34.020	−0.029%	$2.1M	$10.4M	25x	as long as short
Variational Omni SOXS	0.0000%	8h	34.019	−0.032%	$429K	$616K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.050	+0.059%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.040	+0.029%	$10K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.030	0.000%	$1.2M	$1.9M	20x	as long as short
MEXC SOXS_USDT	+0.0010%	8h	34.030	0.000%	$10.5M	$12.9M	50x	as long as short
Binance SOXSUSDT	+0.0014%	8h	34.040	+0.029%	$15.6M	$173.6M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOXS	+0.0032%	1h	34.000	−0.088%	—	—	10x	as long as short
Bybit SOXSUSDT	+0.0117%	8h	34.040	+0.029%	$4.2M	$10.5M	50x	as long as short
KuCoin SOXSUSDTM	+0.0305%	8h	34.030	0.000%	$669K	$2.5M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0335%	8h	34.040	+0.029%	$3.1M	$17.5M	25x	as long as short
Kraken Futures PF_SOXSUSDshort	+0.0386%	1h	33.992	−0.113%	$8K	$32K	20x