Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h +0.011%

Price spread now: Bybit against Kraken Futures+0.291%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 Bybit

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.291% dearer against Kraken Futures than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	34.968	−0.0155	get 0.0019% / 1h	0m 01s	$12K	$35K	20x
Short	Bybit SOXSUSDT	35.070	0	get 0.0000% / 8h	6h 00m	$3.9M	$12.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.291%Rate

Funding earned: $32.52
Price spread: +0.291% → 0.000%: $29.07
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $40.59
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.42 bp	13.6 bp −$14	22.3 bp −$223	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 exchanges

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_SOXSUSDlong	−0.0155%	1h	34.968	long leg	$12K	$35K	20x
Binance SOXSUSDT	0.0000%	8h	35.039	+0.203%	$13.2M	$215.9M	25x	as long as short
Bybit SOXSUSDTshort	0.0000%	8h	35.070	+0.291%	$3.9M	$12.3M	50x
OKX SOXS-USDT-SWAP	0.0000%	8h	35.050	+0.234%	$2.6M	$24.3M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.050	+0.234%	$2.0M	$16.7M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.040	+0.205%	$10.1M	$15.7M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.147	+0.510%	$437K	$731K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.040	+0.205%	—	$3.9M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.240	+0.777%	$12K	$26K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.050	+0.234%	$1.2M	$1.8M	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0007%	8h	35.150	+0.519%	$174K	$71K	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.034	+0.188%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.060	+0.262%	$671K	$3.0M	10x	as long as short
edgeX SOXSUSDC	+0.0143%	4h	35.244	+0.789%	$38K	$172K	10x	as long as short
Bitget SOXSUSDT	+0.0926%	8h	35.046	+0.222%	$5.3M	$22.7M	20x	as long as short