Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0818%/8h= +89.6% APRpaid last 24h +0.031%

Price spread now: Kraken Futures against SunX−0.040%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.040% cheaper against SunX than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOXS-USDT	35.360	0	get 0.0000% / 8h	2h 45m	—	$4.3M	10x
Short	Kraken Futures PF_SOXSUSD	35.346	0.0818	get 0.0102% / 1h	45m 34s	$8K	$32K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.040%Rate

Funding earned: $171.86
Price spread: −0.040% → 0.000%: −$4.04
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $149.82
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: SunX: live order book, 3 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 3 min ago	46.80 bp	68.9 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
edgeX SOXSUSDC	−0.0584%	4h	35.320	−0.113%	$39K	$177K	10x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.330	−0.085%	$2.2M	$11.3M	25x	as long as short
SunX SOXS-USDTlong	0.0000%	8h	35.360	long leg	—	$4.3M	10x
HTX SOXS-USDT	0.0000%	8h	35.340	−0.057%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.380	+0.057%	$1.2M	$1.9M	20x	as long as short
Bybit SOXSUSDT	+0.0025%	8h	35.340	−0.057%	$4.2M	$11.0M	50x	as long as short
Lighter SOXS	+0.0032%	1h	35.289	−0.201%	—	—	10x	as long as short
Variational Omni SOXS	+0.0128%	8h	35.359	−0.003%	$450K	$670K	—	as long as short
BloFin SOXS-USDT	+0.0147%	8h	35.350	−0.028%	$192K	$59K	25x	as long as short
MEXC SOXS_USDT	+0.0163%	8h	35.300	−0.170%	$12.1M	$13.2M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDT	+0.0164%	8h	35.333	−0.077%	$14.8M	$185.8M	25x	as long as short
OKX SOXS-USDT-SWAP	+0.0264%	8h	35.350	−0.028%	$3.0M	$19.4M	25x	as long as short
KuCoin SOXSUSDTM	+0.0281%	8h	35.290	−0.198%	$684K	$2.6M	10x	as long as short
Kraken Futures PF_SOXSUSDshort	+0.0818%	1h	35.346	−0.040%	$8K	$32K	20x
Bitget SOXSUSDT	+0.1443%	8h	35.310	−0.141%	$5.7M	$17.6M	20x	as long as short