Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: BloFin against Gate+0.169%48s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as 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−$480.479% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.220%−$22 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.169%, 7d avg +0.011%

Together, before fees−0.245%−$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.158% dearer against Gate than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 48 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	Gate SOXS_USDT	35.570	0	get 0.0000% / 8h	6h 56m	$2.3M	$15.8M	25x
Short	BloFin SOXS-USDT	35.630	0.0000	get 0.0000% / 8h	6h 56m	$175K	$68K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0.08
Price spread: +0.169% → +0.011%: $15.79
Slippage, 4 orders: −$20.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$32.04
Costs to cover: 0.479%
Break-even: 2668.9 days

Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 4 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 Gate live order book, 2 min ago	1.40 bp	16.3 bp −$16	31.4 bp −$314	69.4 bp −$6,944	doesn't fit
Sell BloFin live order book, 4 min ago	1.40 bp	12.5 bp −$13	18.0 bp −$180	65.1 bp −$6,505	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
edgeX SOXSUSDC	−0.0740%	4h	35.695	+0.351%	$39K	$172K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0152%	1h	35.639	+0.195%	$9K	$31K	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.587	+0.048%	$13.9M	$208.0M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.590	+0.056%	$3.9M	$11.7M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.600	+0.084%	$2.7M	$23.0M	25x	as long as short
Gate SOXS_USDTlong	0.0000%	8h	35.570	long leg	$2.3M	$15.8M	25x
MEXC SOXS_USDT	0.0000%	8h	35.570	0.000%	$11.1M	$15.2M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.758	+0.530%	$443K	$730K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.650	+0.225%	—	$4.0M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.730	+0.450%	$13K	$27K	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	35.620	+0.141%	$1.2M	$1.8M	20x	as long as short
BloFin SOXS-USDTshort	0.0000%	8h	35.630	+0.169%	$175K	$68K	25x
Lighter SOXS	+0.0032%	1h	35.564	−0.017%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.600	+0.084%	$709K	$2.9M	10x	as long as short
Bitget SOXSUSDT	+0.1428%	8h	35.587	+0.048%	$5.1M	$21.6M	20x	as long as short