SOXS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0247%/8h= −27.0% APRnext payment −$2.47 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against KuCoin−0.088%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$1921.917% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.088%, 7d avg −0.016%

Together, before fees+0.556%+$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.072% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.227%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOXSUSDTM	34.210	0.0247	pay 0.0247% / 8h	5h 23m	$711K	$2.4M	10x
Short	Phemex SOXSUSDT	34.180	0	get 0.0000% / 8h	5h 23m	$1.2M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$51.87
Price spread: −0.088% → −0.016%: −$7.21
Slippage, 4 orders: −$167.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$250.75
Costs to cover: 1.917%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Phemex: live order book, 5 min ago.

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, 3 min ago	1.46 bp	70.3 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	5.84 bp	59.6 bp −$60	doesn't fit	doesn't fit	doesn't fit

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	−0.0121%	8h	34.202	−0.023%	$6.0M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.200	−0.030%	$15.8M	$172.7M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.180	−0.088%	$2.2M	$10.3M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.180	−0.088%	$10.1M	$12.5M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	34.198	−0.035%	$431K	$620K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.180	−0.088%	—	$4.4M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.280	+0.205%	$11K	$24K	10x	as long as short
Phemex SOXSUSDTshort	0.0000%	8h	34.180	−0.088%	$1.2M	$1.9M	20x
BloFin SOXS-USDT	+0.0006%	8h	34.260	+0.146%	$192K	$55K	25x	as long as short
Lighter SOXS	+0.0032%	1h	34.140	−0.205%	—	—	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	+0.0173%	8h	34.210	0.000%	$4.2M	$10.4M	50x	as long as short
KuCoin SOXSUSDTMlong	+0.0247%	8h	34.210	long leg	$711K	$2.4M	10x
OKX SOXS-USDT-SWAP	+0.0282%	8h	34.220	+0.029%	$3.1M	$17.2M	25x	as long as short
edgeX SOXSUSDC	+0.0449%	4h	34.236	+0.076%	$37K	$179K	10x	as long as short
Kraken Futures PF_SOXSUSD	+0.1157%	1h	34.193	−0.049%	$8K	$31K	20x	as long as short