Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0983%/8h= +107.6% APRpaid last 24h −0.022%

Price spread now: Kraken Futures against Bybit+0.050%55s7-day average — · you sell dearer than you buy

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

Long on Bybit 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

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Kraken Futures is 0.050% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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	Bybit SOXSUSDT	34.210	0.0173	pay 0.0173% / 8h	5h 24m	$4.2M	$10.4M	50x
Short	Kraken Futures PF_SOXSUSD	34.227	0.1156	get 0.0145% / 1h	24m 20s	$8K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.050%Rate

Funding earned: $206.42
Price spread: +0.050% → 0.000%: $4.95
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $190.38
Costs to cover: 0.210%
Break-even: 0.5 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.46 bp	14.1 bp −$14	19.9 bp −$199	doesn't fit	doesn't fit
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	−0.0152%	4h	34.210	−0.001%	$37K	$179K	10x	as long as short
Bitget SOXSUSDT	−0.0125%	8h	34.220	+0.029%	$6.0M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.200	−0.029%	$15.8M	$172.8M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.220	+0.029%	$2.2M	$10.3M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.200	−0.029%	$10.1M	$12.5M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	34.198	−0.035%	$431K	$620K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.230	+0.058%	—	$4.4M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.280	+0.205%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.250	+0.117%	$1.2M	$1.9M	20x	as long as short
BloFin SOXS-USDT	+0.0006%	8h	34.260	+0.146%	$192K	$55K	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	34.189	−0.061%	—	—	10x	as long as short
Bybit SOXSUSDTlong	+0.0173%	8h	34.210	long leg	$4.2M	$10.4M	50x
KuCoin SOXSUSDTM	+0.0244%	8h	34.210	0.000%	$723K	$2.4M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0279%	8h	34.220	+0.029%	$3.1M	$17.2M	25x	as long as short
Kraken Futures PF_SOXSUSDshort	+0.1156%	1h	34.227	+0.050%	$8K	$31K	20x