Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0283%/8hpaid last 24h −0.214%

Price spread now: Bybit against edgeX−0.137%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.464%−$46 on $10k

Price spread, last 3 days (all we have)+0.436%+$44 · spread now −0.137%, 7d avg +0.032%

Together, before fees−0.028%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.168% cheaper against edgeX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOXSUSDC	35.108	0.0283	pay 0.0142% / 4h	23m 24s	$38K	$189K	10x
Short	Bybit SOXSUSDT	35.060	0	get 0.0000% / 8h	4h 23m	$4.1M	$9.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.137%Rate

Funding earned: −$59.47
Price spread: −0.137% → +0.032%: −$16.84
Slippage, 4 orders: −$32.94
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$129.25
Costs to cover: 0.529%
Break-even: never at this rate

Slippage from edgeX: live order book, 7 min ago; Bybit: live order book, 9 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 edgeX live order book, 7 min ago	7.07 bp	12.9 bp −$13	34.0 bp −$340	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	1.41 bp	17.8 bp −$18	59.2 bp −$592	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	−0.0669%	1h	34.980	−0.365%	$10K	$11K	20x	as long as short
BloFin SOXS-USDT	−0.0020%	8h	35.110	+0.006%	$164K	$50K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.050	−0.165%	$13.4M	$155.1M	25x	as long as short
Bybit SOXSUSDTshort	0.0000%	8h	35.060	−0.137%	$4.1M	$9.5M	50x
OKX SOXS-USDT-SWAP	0.0000%	8h	35.050	−0.165%	$2.4M	$12.5M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.020	−0.251%	$1.9M	$8.7M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.030	−0.222%	$12.8M	$9.3M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.175	+0.190%	$322K	$279K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.040	−0.194%	—	$4.9M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.130	+0.063%	$12K	$23K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	35.060	−0.137%	$1.2M	$1.7M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.034	−0.211%	—	—	10x	as long as short
Bitget SOXSUSDT	+0.0085%	8h	35.049	−0.168%	$5.5M	$14.8M	20x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.050	−0.165%	$725K	$1.9M	10x	as long as short
edgeX SOXSUSDClong	+0.0283%	4h	35.108	long leg	$38K	$189K	10x