Funding you earn now, next payment 08:00 UTC+0.0210%/8h= +23.0% APRnext payment +$2.10 per $10,000 · paid last 24h −0.017%
Price spread now: OKX against BloFin+0.086%83s7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as 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−$360.364% of the position
Funding, last 7 days+0.146%+$15 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.086%, 7d avg +0.053%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.033% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.053%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.146% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.10 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 | BloFin SOXS-USDT | 35.000 | 0.0119 | pay 0.0119% / 8h | 3h 37m | $197K | $56K | 25x |
| Short | OKX SOXS-USDT-SWAP | 35.030 | 0.0330 | get 0.0330% / 8h | 3h 37m | $3.2M | $18.3M | 25x |
BloFin SOXS-USDT
OKX SOXS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. 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
- $44.18
- Price spread: +0.086% → +0.053%
- $3.29
- Slippage, 4 orders
- −$14.41
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $11.06
- Costs to cover
- 0.364%
- Break-even
- 5.2 days
Slippage from BloFin: live order book, 53 min ago; OKX: live order book, 1 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 BloFin live order book, 53 min ago | 2.94 bp | 8.9 bp −$9 | 12.2 bp −$122 | 42.2 bp −$4,225 | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.86 bp | 9.0 bp −$9 | 17.7 bp −$177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SOXSUSDC | −0.0092% | 4h | 34.743 | −0.733% | $38K | $177K | 10x | as long as short |
| Gate SOXS_USDT | 0.0000% | 8h | 35.020 | +0.057% | $2.2M | $10.8M | 25x | as long as short |
| Bitget SOXSUSDT | 0.0000% | 8h | 35.034 | +0.097% | $6.1M | $16.6M | 20x | as long as short |
| SunX SOXS-USDT | 0.0000% | 8h | 35.010 | +0.029% | — | $4.3M | 10x | as long as short |
| HTX SOXS-USDT | 0.0000% | 8h | 34.990 | −0.029% | $11K | $24K | 10x | as long as short |
| Phemex SOXSUSDT | 0.0000% | 8h | 35.020 | +0.057% | $1.2M | $1.9M | 20x | as long as short |
| Lighter SOXS | +0.0032% | 1h | 34.984 | −0.046% | — | — | 10x | as long as short |
| Variational Omni SOXS | +0.0099% | 8h | 34.759 | −0.689% | $442K | $619K | — | as long as short |
| MEXC SOXS_USDT | +0.0117% | 8h | 35.040 | +0.114% | $10.8M | $12.8M | 50x | as long as short |
| Binance SOXSUSDT | +0.0119% | 8h | 35.028 | +0.080% | $15.3M | $177.1M | 25x | as long as short |
edgeX SOXSUSDC
Gate SOXS_USDT
Bitget SOXSUSDT
SunX SOXS-USDT
HTX SOXS-USDT
Phemex SOXSUSDT
Lighter SOXS
Variational Omni SOXS
MEXC SOXS_USDT
Binance SOXSUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SOXS-USDTlong | +0.0119% | 8h | 35.000 | long leg | $197K | $56K | 25x | |
| Bybit SOXSUSDT | +0.0136% | 8h | 35.050 | +0.143% | $4.3M | $10.7M | 50x | as long as short |
| KuCoin SOXSUSDTM | +0.0310% | 8h | 35.020 | +0.057% | $674K | $2.5M | 10x | as long as short |
| OKX SOXS-USDT-SWAPshort | +0.0330% | 8h | 35.030 | +0.086% | $3.2M | $18.3M | 25x | |
| Kraken Futures PF_SOXSUSD | +0.0711% | 1h | 34.995 | −0.013% | $8K | $32K | 20x | as long as short |
Bybit SOXSUSDT
KuCoin SOXSUSDTM
Kraken Futures PF_SOXSUSD