Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Phemex−0.056%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1041.036% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.056%, 7d avg +0.061%

Together, before fees+0.042%+$4 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: OKX is 0.117% 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 +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXSUSDT	35.700	0	get 0.0000% / 8h	7h 59m	$1.2M	$1.9M	20x
Short	OKX SOXS-USDT-SWAP	35.680	0	get 0.0000% / 8h	7h 59m	$2.6M	$21.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → +0.061%: −$11.73
Slippage, 4 orders: −$81.59
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$115.32
Costs to cover: 1.036%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; OKX: 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	5.61 bp	36.3 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.40 bp	8.8 bp −$9	20.8 bp −$208	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
Kraken Futures PF_SOXSUSD	−0.0676%	1h	35.657	−0.122%	$10K	$33K	20x	as long as short
edgeX SOXSUSDC	−0.0266%	4h	35.608	−0.258%	$39K	$174K	10x	as long as short
BloFin SOXS-USDT	−0.0011%	8h	35.740	+0.112%	$174K	$64K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.722	+0.063%	$14.9M	$199.2M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.690	−0.028%	$4.2M	$11.5M	50x	as long as short
OKX SOXS-USDT-SWAPshort	0.0000%	8h	35.680	−0.056%	$2.6M	$21.4M	25x
Gate SOXS_USDT	0.0000%	8h	35.700	0.000%	$3.8M	$13.0M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.640	−0.168%	$12.7M	$14.7M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.650	−0.140%	$462K	$709K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.700	0.000%	—	$4.2M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOXS-USDT	0.0000%	8h	35.650	−0.140%	$12K	$27K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	35.700	long leg	$1.2M	$1.9M	20x
Lighter SOXS	+0.0032%	1h	35.690	−0.028%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.690	−0.028%	$692K	$2.8M	10x	as long as short
Bitget SOXSUSDT	+0.1741%	8h	35.562	−0.387%	$6.1M	$19.5M	20x	as long as short