Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.056%

Price spread now: Binance against Bybit−0.058%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 2 days (all we have)+0.092%+$9 · spread now −0.058%, 7d avg −0.030%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.027% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOXSUSDT	34.750	0	get 0.0000% / 8h	36m 07s	$3.9M	$9.8M	50x
Short	Binance SOXSUSDT	34.730	0	get 0.0000% / 8h	36m 07s	$12.9M	$163.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.030%: −$2.73
Slippage, 4 orders: −$16.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$40.19
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 7 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 Bybit live order book, 2 min ago	1.44 bp	10.9 bp −$11	17.2 bp −$172	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.44 bp	8.1 bp −$8	13.7 bp −$137	67.0 bp −$6,699	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	−0.0412%	4h	34.736	−0.039%	$38K	$183K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0298%	1h	34.672	−0.226%	$8K	$32K	20x	as long as short
BloFin SOXS-USDT	−0.0001%	8h	34.730	−0.058%	$162K	$56K	25x	as long as short
Binance SOXSUSDTshort	0.0000%	8h	34.730	−0.058%	$12.9M	$163.7M	25x
Bybit SOXSUSDTlong	0.0000%	8h	34.750	long leg	$3.9M	$9.8M	50x
OKX SOXS-USDT-SWAP	0.0000%	8h	34.750	0.000%	$2.5M	$14.7M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.730	−0.058%	$2.0M	$8.6M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.730	−0.058%	$12.4M	$10.8M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.747	−0.009%	$4.9M	$15.1M	20x	as long as short
Variational Omni SOXS	0.0000%	8h	34.711	−0.112%	$297K	$316K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXS-USDT	0.0000%	8h	34.710	−0.115%	—	$4.8M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.780	+0.086%	$11K	$23K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.730	−0.058%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	34.730	−0.058%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	34.730	−0.058%	$718K	$2.2M	10x	as long as short