Funding arb · Price arb /

SOXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.174%

Price spread now: Gate against Variational Omni−0.297%7-day average −0.016% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.169%+$17 on $10k

Price spread, last 3 days (all we have)+0.159%+$16 · spread now −0.297%, 7d avg −0.016%

Together, before fees+0.328%+ Points / potential airdropVariational Omni: Active · farm board+$33 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 0.281% cheaper against Variational Omni than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOXS	35.546	0	get 0.0000% / 8h	3h 30m	$309K	$361K	—
Short	Gate SOXS_USDT	35.440	0	get 0.0000% / 8h	3h 30m	$1.9M	$9.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. 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 Variational OmnibpFee GatebpOrdersPrice spread, now −0.297%Rate

Funding earned: $0
Price spread: −0.297% → −0.016%: −$28.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.13
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 19 min ago; Gate: live order book, 4 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 Variational Omni RFQ quote, 19 min ago	4.08 bp	doesn't fit	11.8 bp −$118	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.41 bp	11.7 bp −$12	35.3 bp −$353	90.3 bp −$9,027	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	−0.0265%	1h	35.416	−0.365%	$11K	$22K	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.442	−0.292%	$13.5M	$164.4M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.460	−0.241%	$4.1M	$10.1M	50x	as long as short
Gate SOXS_USDTshort	0.0000%	8h	35.440	−0.297%	$1.9M	$9.0M	25x
MEXC SOXS_USDT	0.0000%	8h	35.430	−0.325%	$12.8M	$10.3M	50x	as long as short
Variational Omni SOXSlong	0.0000%	8h	35.546	long leg	$309K	$361K	—
SunX SOXS-USDT	0.0000%	8h	35.460	−0.241%	—	$5.0M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.520	−0.072%	$12K	$23K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.450	−0.269%	$1.2M	$1.8M	20x	as long as short
OKX SOXS-USDT-SWAP	+0.0015%	8h	35.460	−0.241%	$2.4M	$13.6M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0022%	8h	35.450	−0.269%	$159K	$57K	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.424	−0.342%	—	—	10x	as long as short
Bitget SOXSUSDT	+0.0089%	8h	35.451	−0.266%	$5.5M	$15.4M	20x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.460	−0.241%	$732K	$2.0M	10x	as long as short
edgeX SOXSUSDC	+0.0109%	4h	35.449	−0.272%	$39K	$189K	10x	as long as short