Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0317%/8h= −34.8% APRpaid last 24h −0.015%

Price spread now: Binance against Kraken Futures+0.100%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.100% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.100% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	34.126	0.0384	pay 0.0048% / 1h	7m 14s	$8K	$32K	20x
Short	Binance SOXSUSDT	34.160	0.0067	get 0.0067% / 8h	4h 07m	$15.5M	$174.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.100%Rate

Funding earned: −$66.65
Price spread: +0.100% → 0.000%: $9.97
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$76.68
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 6 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	1.46 bp	6.5 bp −$6	12.2 bp −$122	57.4 bp −$5,743	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0606%	4h	34.162	+0.104%	$37K	$177K	10x	as long as short
Bitget SOXSUSDT	−0.0093%	8h	34.166	+0.117%	$5.9M	$16.6M	20x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.150	+0.070%	$2.1M	$10.5M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	34.150	+0.070%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.210	+0.246%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.160	+0.100%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	34.119	−0.020%	—	—	10x	as long as short
BloFin SOXS-USDT	+0.0041%	8h	34.150	+0.070%	$193K	$55K	25x	as long as short
Variational Omni SOXS	+0.0056%	8h	34.169	+0.125%	$431K	$616K	—	as long as short
MEXC SOXS_USDT	+0.0066%	8h	34.150	+0.070%	$10.5M	$12.9M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDTshort	+0.0067%	8h	34.160	+0.100%	$15.5M	$174.3M	25x
Bybit SOXSUSDT	+0.0146%	8h	34.170	+0.129%	$4.2M	$10.6M	50x	as long as short
KuCoin SOXSUSDTM	+0.0309%	8h	34.160	+0.100%	$658K	$2.5M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0332%	8h	34.170	+0.129%	$3.1M	$17.6M	25x	as long as short
Kraken Futures PF_SOXSUSDlong	+0.0384%	1h	34.126	long leg	$8K	$32K	20x