Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0581%/8h= +63.6% APRpaid last 24h +0.022%

Price spread now: Kraken Futures against Variational Omni−0.125%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.125% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 17 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOXS	35.309	0.0125	pay 0.0125% / 8h	3h 03m	$451K	$663K	—
Short	Kraken Futures PF_SOXSUSD	35.265	0.0705	get 0.0088% / 1h	3m 55s	$8K	$32K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.125%Rate

Funding earned: $121.92
Price spread: −0.125% → 0.000%: −$12.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $99.37
Costs to cover: 0.100%
Break-even: 1.3 days

Slippage unknown: Variational Omni: RFQ quote, 50 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 Variational Omni RFQ quote, 50 min ago	4.15 bp	doesn't fit	14.5 bp −$145	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
Gate SOXS_USDT	0.0000%	8h	35.320	+0.032%	$2.2M	$11.3M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.340	+0.088%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.510	+0.570%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.310	+0.003%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.280	−0.082%	—	—	10x	as long as short
Bybit SOXSUSDT	+0.0050%	8h	35.370	+0.173%	$4.3M	$11.0M	50x	as long as short
Variational Omni SOXSlong	+0.0125%	8h	35.309	long leg	$451K	$663K	—
edgeX SOXSUSDC	+0.0133%	4h	35.510	+0.569%	$39K	$177K	10x	as long as short
MEXC SOXS_USDT	+0.0144%	8h	35.340	+0.088%	$12.1M	$13.1M	50x	as long as short
BloFin SOXS-USDT	+0.0146%	8h	35.370	+0.173%	$188K	$58K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDT	+0.0146%	8h	35.356	+0.132%	$14.8M	$183.5M	25x	as long as short
OKX SOXS-USDT-SWAP	+0.0295%	8h	35.380	+0.202%	$3.0M	$19.4M	25x	as long as short
KuCoin SOXSUSDTM	+0.0300%	8h	35.330	+0.060%	$679K	$2.6M	10x	as long as short
Kraken Futures PF_SOXSUSDshort	+0.0705%	1h	35.265	−0.125%	$8K	$32K	20x
Bitget SOXSUSDT	+0.1259%	8h	35.337	+0.080%	$5.9M	$17.1M	20x	as long as short