SOXS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0191%/8h= +20.9% APRnext payment +$1.91 per $10,000 · paid last 24h −0.040%

Price spread now: OKX against Bybit+0.057%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.057%, 7d avg +0.035%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.022% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.035%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.91 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	Bybit SOXSUSDT	34.950	0.0136	pay 0.0136% / 8h	3h 39m	$4.3M	$10.7M	50x
Short	OKX SOXS-USDT-SWAP	34.970	0.0327	get 0.0327% / 8h	3h 39m	$3.2M	$18.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $40.15
Price spread: +0.057% → +0.035%: $2.2
Slippage, 4 orders: −$24.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$2.83
Costs to cover: 0.452%
Break-even: 7.5 days

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	1.44 bp	13.3 bp −$13	19.7 bp −$197	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.44 bp	9.0 bp −$9	19.1 bp −$191	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	−0.086%	$2.2M	$10.7M	25x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.913	−0.106%	$6.1M	$16.6M	20x	as long as short
SunX SOXS-USDT	0.0000%	8h	34.880	−0.200%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.700	−0.715%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.860	−0.258%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	34.899	−0.146%	—	—	10x	as long as short
BloFin SOXS-USDT	+0.0090%	8h	34.800	−0.429%	$196K	$56K	25x	as long as short
Variational Omni SOXS	+0.0099%	8h	34.759	−0.547%	$442K	$619K	—	as long as short
MEXC SOXS_USDT	+0.0114%	8h	34.920	−0.086%	$10.7M	$12.8M	50x	as long as short
Binance SOXSUSDT	+0.0117%	8h	34.950	0.000%	$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 SOXSUSDTlong	+0.0136%	8h	34.950	long leg	$4.3M	$10.7M	50x
KuCoin SOXSUSDTM	+0.0306%	8h	34.870	−0.229%	$671K	$2.5M	10x	as long as short
OKX SOXS-USDT-SWAPshort	+0.0327%	8h	34.970	+0.057%	$3.2M	$18.2M	25x
Kraken Futures PF_SOXSUSD	+0.0713%	1h	34.858	−0.263%	$8K	$32K	20x	as long as short
edgeX SOXSUSDC	+0.0807%	4h	34.614	−0.962%	$38K	$177K	10x	as long as short