Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0131%/8h= −14.4% APRpaid last 24h +0.139%

Price spread now: SunX against edgeX+0.133%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1621.616% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.133%, 7d avg −0.011%

Together, before fees−0.212%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.144% dearer against edgeX than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of −0.011%): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 7 days (−0.124% in total) that is about 8.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOXSUSDC	35.733	0.0131	pay 0.0066% / 4h	33m 04s	$39K	$175K	10x
Short	SunX SOXS-USDT	35.780	0	get 0.0000% / 8h	33m 04s	—	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$27.53
Price spread: +0.133% → −0.011%: $14.39
Slippage, 4 orders: −$144.63
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$174.77
Costs to cover: 1.616%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; SunX: live order book, 5 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, 3 min ago	8.39 bp	14.1 bp −$14	35.8 bp −$358	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	46.15 bp	67.4 bp −$67	doesn't fit	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	−0.0119%	1h	35.760	+0.076%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.780	+0.133%	$4.2M	$11.4M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.780	+0.133%	$2.2M	$12.2M	25x	as long as short
SunX SOXS-USDTshort	0.0000%	8h	35.780	+0.133%	—	$4.3M	10x
HTX SOXS-USDT	0.0000%	8h	35.780	+0.133%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.780	+0.133%	$1.2M	$1.9M	20x	as long as short
OKX SOXS-USDT-SWAP	+0.0013%	8h	35.790	+0.161%	$2.8M	$21.3M	25x	as long as short
Variational Omni SOXS	+0.0013%	8h	35.778	+0.127%	$462K	$707K	—	as long as short
Lighter SOXS	+0.0032%	1h	35.770	+0.105%	—	—	10x	as long as short
Binance SOXSUSDT	+0.0058%	8h	35.766	+0.094%	$15.1M	$197.0M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXS_USDT	+0.0060%	8h	35.760	+0.077%	$13.2M	$14.3M	50x	as long as short
BloFin SOXS-USDT	+0.0083%	8h	35.750	+0.049%	$178K	$63K	25x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.770	+0.105%	$694K	$2.8M	10x	as long as short
edgeX SOXSUSDClong	+0.0131%	4h	35.733	long leg	$39K	$175K	10x
Bitget SOXSUSDT	+0.1929%	8h	35.716	−0.047%	$6.1M	$19.7M	20x	as long as short