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 SunX+0.028%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1641.638% of the position

Long on SunX 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)−0.052%−$5 · spread now +0.028%, 7d avg −0.003%

Together, before fees−0.078%−$8 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 0.031% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOXS-USDT	35.730	0	get 0.0000% / 8h	56m 24s	—	$4.3M	10x
Short	Gate SOXS_USDT	35.740	0	get 0.0000% / 8h	56m 24s	$2.3M	$12.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.003%: $3.07
Slippage, 4 orders: −$140.79
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$160.72
Costs to cover: 1.638%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Gate: 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	46.22 bp	66.9 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.40 bp	15.2 bp −$15	28.5 bp −$285	81.8 bp −$8,181	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	35.744	+0.038%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.740	+0.028%	$4.1M	$11.3M	50x	as long as short
Gate SOXS_USDTshort	0.0000%	8h	35.740	+0.028%	$2.3M	$12.0M	25x
SunX SOXS-USDTlong	0.0000%	8h	35.730	long leg	—	$4.3M	10x
HTX SOXS-USDT	0.0000%	8h	35.710	−0.056%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.750	+0.056%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.740	+0.028%	—	—	10x	as long as short
edgeX SOXSUSDC	+0.0044%	4h	35.669	−0.172%	$39K	$174K	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0055%	8h	35.740	+0.028%	$2.8M	$21.1M	25x	as long as short
Variational Omni SOXS	+0.0061%	8h	35.659	−0.199%	$462K	$713K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDT	+0.0098%	8h	35.741	+0.030%	$15.3M	$196.0M	25x	as long as short
MEXC SOXS_USDT	+0.0100%	8h	35.730	0.000%	$13.2M	$14.2M	50x	as long as short
BloFin SOXS-USDT	+0.0102%	8h	35.770	+0.112%	$183K	$63K	25x	as long as short
KuCoin SOXSUSDTM	+0.0140%	8h	35.730	0.000%	$695K	$2.8M	10x	as long as short
Bitget SOXSUSDT	+0.2034%	8h	35.696	−0.095%	$6.0M	$19.5M	20x	as long as short