Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0901%/8h= −98.6% APRpaid last 24h +0.012%

Price spread now: KuCoin against Kraken Futures+0.144%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 KuCoin

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. KuCoin is 0.144% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.144% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	33.921	0.1167	pay 0.0146% / 1h	0m 16s	$8K	$31K	20x
Short	KuCoin SOXSUSDTM	33.970	0.0266	get 0.0266% / 8h	5h 00m	$703K	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.144%Rate

Funding earned: −$189.13
Price spread: +0.144% → 0.000%: $14.39
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$196.74
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: 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 KuCoin live order book, 1 min ago	1.47 bp	26.3 bp −$26	doesn't fit	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
Bitget SOXSUSDT	−0.0322%	8h	33.963	+0.123%	$6.0M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	33.950	+0.086%	$15.6M	$173.1M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	33.960	+0.114%	$2.1M	$10.4M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	33.950	+0.085%	$10.1M	$12.7M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	33.948	+0.079%	$428K	$620K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.950	+0.085%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.070	+0.439%	$10K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	33.960	+0.114%	$1.2M	$1.9M	20x	as long as short
BloFin SOXS-USDT	+0.0029%	8h	33.990	+0.203%	$192K	$54K	25x	as long as short
Lighter SOXS	+0.0032%	1h	33.920	−0.004%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOXSUSDT	+0.0137%	8h	33.980	+0.173%	$4.1M	$10.4M	50x	as long as short
edgeX SOXSUSDC	+0.0234%	4h	33.958	+0.107%	$37K	$179K	10x	as long as short
KuCoin SOXSUSDTMshort	+0.0266%	8h	33.970	+0.144%	$703K	$2.5M	10x
OKX SOXS-USDT-SWAP	+0.0302%	8h	33.950	+0.085%	$3.1M	$17.2M	25x	as long as short
Kraken Futures PF_SOXSUSDlong	+0.1167%	1h	33.921	long leg	$8K	$31K	20x