Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX+0.389%45s7-day average +0.008% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.196%−$20 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.389%, 7d avg +0.008%

Together, before fees−0.184%+ Points / potential airdropVariational Omni: Active · farm board−$18 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: Variational Omni is 0.380% dearer against SunX than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOXS-USDT	35.620	0	get 0.0000% / 8h	6h 57m	—	$4.0M	10x
Short	Variational Omni SOXS	35.758	0	get 0.0000% / 8h	6h 57m	$443K	$730K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.389%Rate

Funding earned: $0
Price spread: +0.389% → +0.008%: $38.02
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $30.02
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 11 min ago; Variational Omni: RFQ quote, 36 min ago. 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, 11 min ago	46.07 bp	66.7 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 36 min ago	4.02 bp	doesn't fit	11.8 bp −$118	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
edgeX SOXSUSDC	−0.0740%	4h	35.695	+0.211%	$39K	$172K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0152%	1h	35.620	0.000%	$9K	$31K	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.666	+0.129%	$13.9M	$207.2M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.680	+0.168%	$3.9M	$11.6M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.660	+0.112%	$2.7M	$22.9M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.690	+0.197%	$2.3M	$15.7M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.700	+0.225%	$11.1M	$15.0M	50x	as long as short
Variational Omni SOXSshort	0.0000%	8h	35.758	+0.389%	$443K	$730K	—
SunX SOXS-USDTlong	0.0000%	8h	35.620	long leg	—	$4.0M	10x
HTX SOXS-USDT	0.0000%	8h	35.660	+0.112%	$12K	$27K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	35.660	+0.112%	$1.3M	$1.8M	20x	as long as short
BloFin SOXS-USDT	+0.0020%	8h	35.680	+0.168%	$178K	$68K	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.685	+0.182%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.720	+0.281%	$712K	$2.9M	10x	as long as short
Bitget SOXSUSDT	+0.1438%	8h	35.643	+0.065%	$5.2M	$21.5M	20x	as long as short