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 0.000%

Price spread now: Gate against Phemex+0.056%49s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1221.223% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.056%, 7d avg +0.003%

Together, before fees−0.114%−$11 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: Gate is 0.053% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 49 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	Phemex SOXSUSDT	35.730	0	get 0.0000% / 8h	34m 30s	$1.2M	$1.9M	20x
Short	Gate SOXS_USDT	35.750	0	get 0.0000% / 8h	34m 30s	$2.2M	$12.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.003%: $5.32
Slippage, 4 orders: −$95.29
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$116.97
Costs to cover: 1.223%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	4.20 bp	47.7 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.40 bp	13.6 bp −$14	28.9 bp −$289	86.4 bp −$8,638	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
Kraken Futures PF_SOXSUSD	−0.0119%	1h	35.739	+0.024%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.780	+0.140%	$4.2M	$11.4M	50x	as long as short
Gate SOXS_USDTshort	0.0000%	8h	35.750	+0.056%	$2.2M	$12.2M	25x
SunX SOXS-USDT	0.0000%	8h	35.770	+0.112%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.780	+0.140%	$11K	$24K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	35.730	long leg	$1.2M	$1.9M	20x
Variational Omni SOXS	+0.0013%	8h	35.778	+0.134%	$462K	$707K	—	as long as short
OKX SOXS-USDT-SWAP	+0.0015%	8h	35.760	+0.084%	$2.8M	$21.3M	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.750	+0.056%	—	—	10x	as long as short
Binance SOXSUSDT	+0.0061%	8h	35.756	+0.074%	$15.1M	$196.8M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXS_USDT	+0.0061%	8h	35.750	+0.056%	$13.2M	$14.3M	50x	as long as short
BloFin SOXS-USDT	+0.0091%	8h	35.700	−0.084%	$178K	$63K	25x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.750	+0.056%	$693K	$2.8M	10x	as long as short
edgeX SOXSUSDC	+0.0131%	4h	35.733	+0.007%	$39K	$175K	10x	as long as short
Bitget SOXSUSDT	+0.1931%	8h	35.712	−0.050%	$6.0M	$19.7M	20x	as long as short