Funding arb · Price arb /

SOXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0489%/8h= +53.6% APRpaid last 24h +0.155%

Price spread now: MEXC against edgeX−0.029%98s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as 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−$300.300% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.369%−$37 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.029%, 7d avg 0.000%

Together, before fees−0.277%+ Points / potential airdropedgeX: Active · farm board−$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.030% cheaper against edgeX than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of 0.000%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.369%, so the current rate has only just turned in your favour. The two prices were read 98 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	edgeX SOXSUSDC	35.380	−0.0348	get 0.0174% / 4h	2h 07m	$39K	$175K	10x
Short	MEXC SOXS_USDT	35.370	0.0141	get 0.0141% / 8h	2h 07m	$10.4M	$13.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.029%Rate

Funding earned: $102.74
Price spread: −0.029% → 0.000%: −$2.97
Slippage, 4 orders: −$20.98
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $69.79
Costs to cover: 0.300%
Break-even: 2.2 days

Slippage from edgeX: live order book, 39 min ago; MEXC: 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 edgeX live order book, 39 min ago	8.48 bp	13.3 bp −$13	35.0 bp −$350	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.41 bp	1.4 bp −$1	1.4 bp −$14	5.0 bp −$504	23.8 bp −$11.9K

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 SOXSUSDClong	−0.0348%	4h	35.380	long leg	$39K	$175K	10x
Bybit SOXSUSDT	0.0000%	8h	35.380	−0.001%	$4.2M	$11.3M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.340	−0.114%	$2.2M	$11.7M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.380	−0.001%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.410	+0.084%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.360	−0.058%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.289	−0.258%	—	—	10x	as long as short
Variational Omni SOXS	+0.0117%	8h	35.389	+0.024%	$451K	$712K	—	as long as short
BloFin SOXS-USDT	+0.0140%	8h	35.410	+0.084%	$184K	$60K	25x	as long as short
MEXC SOXS_USDTshort	+0.0141%	8h	35.370	−0.029%	$10.4M	$13.8M	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDT	+0.0144%	8h	35.325	−0.157%	$15.1M	$191.7M	25x	as long as short
OKX SOXS-USDT-SWAP	+0.0190%	8h	35.360	−0.058%	$2.9M	$20.2M	25x	as long as short
KuCoin SOXSUSDTM	+0.0257%	8h	35.350	−0.086%	$683K	$2.7M	10x	as long as short
Kraken Futures PF_SOXSUSD	+0.0819%	1h	35.317	−0.179%	$8K	$32K	20x	as long as short
Bitget SOXSUSDT	+0.2064%	8h	35.330	−0.143%	$5.8M	$19.1M	20x	as long as short