Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0900%/8h= +98.6% APRpaid last 24h −0.012%

Price spread now: Kraken Futures against KuCoin−0.091%52s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.091% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 8 hours of funding at the current rate (+$27 a day). The two prices were read 52 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	KuCoin SOXSUSDTM	33.970	0.0266	pay 0.0266% / 8h	5h 00m	$703K	$2.5M	10x
Short	Kraken Futures PF_SOXSUSD	33.939	0.1166	get 0.0146% / 1h	0m 21s	$8K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.091%Rate

Funding earned: $189
Price spread: −0.091% → 0.000%: −$9.14
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $157.87
Costs to cover: 0.220%
Break-even: 1.2 days

Slippage unknown: KuCoin: live order book, 1 min ago; Kraken Futures: no order-book sample. 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 KuCoin live order book, 1 min ago	1.47 bp	46.1 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	33.969	−0.003%	$6.0M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	33.955	−0.043%	$15.6M	$173.1M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	33.960	−0.029%	$2.1M	$10.4M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	33.960	−0.029%	$10.1M	$12.7M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	33.948	−0.065%	$428K	$620K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.950	−0.059%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.070	+0.294%	$10K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	33.940	−0.088%	$1.2M	$1.9M	20x	as long as short
BloFin SOXS-USDT	+0.0029%	8h	33.990	+0.059%	$192K	$54K	25x	as long as short
Lighter SOXS	+0.0032%	1h	33.920	−0.147%	—	—	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	33.970	0.000%	$4.1M	$10.4M	50x	as long as short
edgeX SOXSUSDC	+0.0234%	4h	33.958	−0.037%	$37K	$179K	10x	as long as short
KuCoin SOXSUSDTMlong	+0.0266%	8h	33.970	long leg	$703K	$2.5M	10x
OKX SOXS-USDT-SWAP	+0.0302%	8h	33.980	+0.029%	$3.1M	$17.2M	25x	as long as short
Kraken Futures PF_SOXSUSDshort	+0.1166%	1h	33.939	−0.091%	$8K	$31K	20x