Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0719%/8h= −78.8% APRpaid last 24h −0.070%

Price spread now: Bitget against Kraken Futures+0.492%48s7-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 Bitget

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. Bitget is 0.492% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.492% now, against zero (this spread has no 7-day history yet)): +$49 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 2.3 days. 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	Kraken Futures PF_SOXSUSD	34.562	0.0719	pay 0.0090% / 1h	41m 24s	$8K	$32K	20x
Short	Bitget SOXSUSDT	34.732	0	get 0.0000% / 8h	3h 41m	$6.0M	$16.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.492%Rate

Funding earned: −$151.09
Price spread: +0.492% → 0.000%: $49.22
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$123.87
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	1.30 bp	14.9 bp −$15	36.8 bp −$368	doesn't fit	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
Gate SOXS_USDT	0.0000%	8h	34.750	+0.544%	$2.3M	$10.7M	25x	as long as short
Bitget SOXSUSDTshort	0.0000%	8h	34.732	+0.492%	$6.0M	$16.6M	20x
SunX SOXS-USDT	0.0000%	8h	34.610	+0.139%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.700	+0.400%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.610	+0.139%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	34.659	+0.281%	—	—	10x	as long as short
Variational Omni SOXS	+0.0089%	8h	34.529	−0.095%	$440K	$619K	—	as long as short
MEXC SOXS_USDT	+0.0111%	8h	34.780	+0.631%	$10.7M	$12.8M	50x	as long as short
Binance SOXSUSDT	+0.0114%	8h	34.770	+0.602%	$15.2M	$176.4M	25x	as long as short
BloFin SOXS-USDT	+0.0132%	8h	34.630	+0.197%	$195K	$56K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOXSUSDT	+0.0136%	8h	34.780	+0.631%	$4.3M	$10.7M	50x	as long as short
KuCoin SOXSUSDTM	+0.0305%	8h	34.730	+0.486%	$669K	$2.5M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0322%	8h	34.780	+0.631%	$3.2M	$18.1M	25x	as long as short
Kraken Futures PF_SOXSUSDlong	+0.0719%	1h	34.562	long leg	$8K	$32K	20x
edgeX SOXSUSDC	+0.0807%	4h	34.614	+0.151%	$38K	$177K	10x	as long as short