Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Binance against Phemex−0.075%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1371.369% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 2 days (all we have)+0.112%+$11 · spread now −0.075%, 7d avg +0.040%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.115% cheaper against Phemex than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXSUSDT	33.960	0	get 0.0000% / 8h	6h 57m	$1.2M	$1.9M	20x
Short	Binance SOXSUSDT	33.935	0	get 0.0000% / 8h	6h 57m	$15.0M	$172.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. 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 PhemexbpFee BinancebpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → +0.040%: −$11.5
Slippage, 4 orders: −$114.86
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$148.36
Costs to cover: 1.369%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; Binance: live order book, 16 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 Phemex live order book, 1 min ago	10.31 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	1.48 bp	8.8 bp −$9	15.0 bp −$150	74.6 bp −$7,463	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	−0.0906%	8h	33.946	−0.041%	$6.0M	$16.5M	20x	as long as short
Binance SOXSUSDTshort	0.0000%	8h	33.935	−0.075%	$15.0M	$172.7M	25x
OKX SOXS-USDT-SWAP	0.0000%	8h	34.020	+0.177%	$2.9M	$16.8M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	33.910	−0.147%	$2.1M	$9.6M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	33.930	−0.088%	$9.8M	$11.9M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	33.769	−0.562%	$412K	$625K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.940	−0.059%	—	$4.6M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	33.830	−0.383%	$10K	$24K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	33.960	long leg	$1.2M	$1.9M	20x
BloFin SOXS-USDT	+0.0016%	8h	33.900	−0.177%	$165K	$54K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOXS	+0.0032%	1h	33.859	−0.297%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	33.870	−0.265%	$731K	$2.3M	10x	as long as short
Bybit SOXSUSDT	+0.0250%	8h	33.940	−0.059%	$4.0M	$10.6M	50x	as long as short
edgeX SOXSUSDC	+0.0323%	4h	33.843	−0.344%	$37K	$181K	10x	as long as short
Kraken Futures PF_SOXSUSD	+0.0558%	1h	33.932	−0.082%	$8K	$32K	20x	as long as short