SOXS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0206%/8h= +22.6% APRnext payment +$2.06 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX+0.029%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1651.648% of the position

Long on SunX 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 3 days (all we have)+0.070%+$7 · spread now +0.029%, 7d avg +0.057%

Together, before fees−0.035%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.028% cheaper against SunX than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.057%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.06 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOXS-USDT	34.250	0	get 0.0000% / 8h	5h 49m	—	$4.4M	10x
Short	OKX SOXS-USDT-SWAP	34.260	0.0206	get 0.0206% / 8h	5h 49m	$3.1M	$17.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.029%Rate

Funding earned: $43.33
Price spread: +0.029% → +0.057%: −$2.79
Slippage, 4 orders: −$146.79
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$124.25
Costs to cover: 1.648%
Break-even: 27.1 days

Slippage from SunX: live order book, 9 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 SunX live order book, 9 min ago	48.18 bp	74.2 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.46 bp	6.5 bp −$6	15.2 bp −$152	doesn't fit	doesn't fit

SOXS on 14 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
Bitget SOXSUSDT	−0.0116%	8h	34.225	−0.073%	$6.0M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.243	−0.021%	$15.9M	$172.8M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.200	−0.146%	$2.2M	$10.2M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.220	−0.088%	$10.1M	$12.5M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	34.158	−0.268%	$431K	$623K	—	as long as short
SunX SOXS-USDTlong	0.0000%	8h	34.250	long leg	—	$4.4M	10x
HTX SOXS-USDT	0.0000%	8h	34.230	−0.058%	$10K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.240	−0.029%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	34.200	−0.146%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0170%	8h	34.200	−0.146%	$730K	$2.4M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOXSUSDT	+0.0201%	8h	34.250	0.000%	$4.2M	$10.4M	50x	as long as short
OKX SOXS-USDT-SWAPshort	+0.0206%	8h	34.260	+0.029%	$3.1M	$17.2M	25x
edgeX SOXSUSDC	+0.0428%	4h	34.157	−0.272%	$37K	$180K	10x	as long as short
Kraken Futures PF_SOXSUSD	+0.1157%	1h	34.216	−0.098%	$8K	$31K	20x	as long as short