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 +0.040%

Price spread now: Bybit against SunX+0.083%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1591.594% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.083%, 7d avg +0.037%

Together, before fees−0.260%−$26 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: Bybit is 0.046% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOXS-USDT	35.950	0	get 0.0000% / 8h	2h 26m	—	$4.3M	10x
Short	Bybit SOXSUSDT	35.980	0	get 0.0000% / 8h	2h 26m	$4.2M	$11.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.037%: $4.61
Slippage, 4 orders: −$140.38
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$154.77
Costs to cover: 1.594%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Bybit: live order book, 2 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 SunX live order book, 12 min ago	46.13 bp	66.8 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.39 bp	11.7 bp −$12	25.4 bp −$254	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
Bybit SOXSUSDTshort	0.0000%	8h	35.980	+0.083%	$4.2M	$11.2M	50x
Gate SOXS_USDT	0.0000%	8h	35.960	+0.028%	$2.2M	$11.5M	25x	as long as short
SunX SOXS-USDTlong	0.0000%	8h	35.950	long leg	—	$4.3M	10x
HTX SOXS-USDT	0.0000%	8h	36.050	+0.278%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.950	0.000%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.929	−0.058%	—	—	10x	as long as short
Variational Omni SOXS	+0.0146%	8h	35.939	−0.030%	$469K	$683K	—	as long as short
BloFin SOXS-USDT	+0.0151%	8h	35.990	+0.111%	$188K	$61K	25x	as long as short
Binance SOXSUSDT	+0.0179%	8h	35.953	+0.008%	$15.4M	$189.3M	25x	as long as short
MEXC SOXS_USDT	+0.0180%	8h	35.950	0.000%	$11.0M	$13.6M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SOXS-USDT-SWAP	+0.0253%	8h	35.960	+0.028%	$3.0M	$20.2M	25x	as long as short
KuCoin SOXSUSDTM	+0.0294%	8h	35.970	+0.056%	$694K	$2.6M	10x	as long as short
edgeX SOXSUSDC	+0.0341%	4h	35.813	−0.381%	$39K	$175K	10x	as long as short
Kraken Futures PF_SOXSUSD	+0.0805%	1h	35.926	−0.066%	$8K	$32K	20x	as long as short
Bitget SOXSUSDT	+0.2119%	8h	35.910	−0.111%	$6.0M	$18.6M	20x	as long as short