Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0587%/8h= +64.3% APRpaid last 24h +0.105%

Price spread now: Variational Omni against edgeX+0.062%74s7-day average 0.000% · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.392%−$39 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.062%, 7d avg 0.000%

Together, before fees−0.422%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Variational Omni is 0.062% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of 0.000%. Mind the row above: over the last 3 days funding on this pair cost −0.392%, so the current rate has only just turned in your favour. The two prices were read 74 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	34.158	−0.0587	get 0.0294% / 4h	1h 52m	$37K	$180K	10x
Short	Variational Omni SOXS	34.179	0	get 0.0000% / 8h	5h 52m	$431K	$636K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.062%Rate

Funding earned: $123.29
Price spread: +0.062% → 0.000%: $6.24
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $120.53
Costs to cover: 0.090%
Break-even: 0.2 days

Slippage unknown: edgeX: live order book, 9 min ago; Variational Omni: RFQ quote, 12 min ago. 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 edgeX live order book, 9 min ago	8.76 bp	13.7 bp −$14	40.4 bp −$404	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 12 min ago	4.16 bp	doesn't fit	11.4 bp −$114	doesn't fit	doesn't fit

SOXS on 14 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	−0.0587%	4h	34.158	long leg	$37K	$180K	10x
Bitget SOXSUSDT	−0.0112%	8h	34.164	+0.017%	$6.0M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.157	−0.004%	$15.8M	$173.2M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.130	−0.082%	$2.2M	$10.2M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.140	−0.053%	$10.1M	$12.5M	50x	as long as short
Variational Omni SOXSshort	0.0000%	8h	34.179	+0.062%	$431K	$636K	—
SunX SOXS-USDT	0.0000%	8h	34.160	+0.005%	—	$4.4M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.200	+0.122%	$10K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.150	−0.024%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	34.119	−0.115%	—	—	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SOXSUSDTM	+0.0162%	8h	34.150	−0.024%	$730K	$2.4M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0197%	8h	34.180	+0.064%	$3.1M	$17.2M	25x	as long as short
Bybit SOXSUSDT	+0.0219%	8h	34.170	+0.035%	$4.2M	$10.4M	50x	as long as short
Kraken Futures PF_SOXSUSD	+0.1160%	1h	34.129	−0.084%	$8K	$31K	20x	as long as short