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: Phemex against SunX−0.057%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2342.340% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.057%, 7d avg −0.006%

Together, before fees+0.065%+$7 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: Phemex is 0.052% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOXS-USDT	34.880	0	get 0.0000% / 8h	3h 39m	—	$4.3M	10x
Short	Phemex SOXSUSDT	34.860	0	get 0.0000% / 8h	3h 39m	$1.2M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.006%: −$5.17
Slippage, 4 orders: −$214.01
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$239.18
Costs to cover: 2.340%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Phemex: 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	47.67 bp	71.3 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	4.33 bp	54.2 bp −$54	doesn't fit	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
Gate SOXS_USDT	0.0000%	8h	34.920	+0.115%	$2.2M	$10.7M	25x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.913	+0.095%	$6.1M	$16.6M	20x	as long as short
SunX SOXS-USDTlong	0.0000%	8h	34.880	long leg	—	$4.3M	10x
HTX SOXS-USDT	0.0000%	8h	34.700	−0.516%	$11K	$24K	10x	as long as short
Phemex SOXSUSDTshort	0.0000%	8h	34.860	−0.057%	$1.2M	$1.9M	20x
Lighter SOXS	+0.0032%	1h	34.899	+0.054%	—	—	10x	as long as short
BloFin SOXS-USDT	+0.0090%	8h	34.800	−0.229%	$196K	$56K	25x	as long as short
Variational Omni SOXS	+0.0099%	8h	34.759	−0.347%	$442K	$619K	—	as long as short
MEXC SOXS_USDT	+0.0114%	8h	34.920	+0.115%	$10.7M	$12.8M	50x	as long as short
Binance SOXSUSDT	+0.0117%	8h	34.950	+0.201%	$15.3M	$176.6M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOXSUSDT	+0.0136%	8h	34.950	+0.201%	$4.3M	$10.7M	50x	as long as short
KuCoin SOXSUSDTM	+0.0306%	8h	34.870	−0.029%	$671K	$2.5M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0327%	8h	34.970	+0.258%	$3.2M	$18.2M	25x	as long as short
Kraken Futures PF_SOXSUSD	+0.0713%	1h	34.858	−0.063%	$8K	$32K	20x	as long as short
edgeX SOXSUSDC	+0.0807%	4h	34.614	−0.763%	$38K	$177K	10x	as long as short