Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.179%

Price spread now: Bybit against edgeX+0.228%51s7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.522% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.300%−$30 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.228%, 7d avg +0.027%

Together, before fees−0.461%+ Points / potential airdropedgeX: Active · farm board−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.201% dearer against edgeX than usual: you sell high and buy low (spread +0.228% now, against its 7-day average of +0.027%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.300% in total) that is about 4.7 days. The two prices were read 51 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	edgeX SOXSUSDC	35.669	0.0044	pay 0.0022% / 4h	56m 45s	$39K	$174K	10x
Short	Bybit SOXSUSDT	35.750	0	get 0.0000% / 8h	56m 45s	$4.2M	$11.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now +0.228%Rate

Funding earned: −$9.18
Price spread: +0.228% → +0.027%: $20.1
Slippage, 4 orders: −$32.18
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.26
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from edgeX: live order book, 45 min ago; Bybit: live order book, 1 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 edgeX live order book, 45 min ago	8.35 bp	13.8 bp −$14	35.9 bp −$359	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.40 bp	13.0 bp −$13	23.0 bp −$230	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
Kraken Futures PF_SOXSUSD	−0.0119%	1h	35.777	+0.304%	$8K	$32K	20x	as long as short
Bybit SOXSUSDTshort	0.0000%	8h	35.750	+0.228%	$4.2M	$11.3M	50x
Gate SOXS_USDT	0.0000%	8h	35.760	+0.256%	$2.3M	$12.0M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.760	+0.256%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.710	+0.116%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.750	+0.228%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.740	+0.200%	—	—	10x	as long as short
edgeX SOXSUSDClong	+0.0044%	4h	35.669	long leg	$39K	$174K	10x
OKX SOXS-USDT-SWAP	+0.0055%	8h	35.740	+0.200%	$2.8M	$21.1M	25x	as long as short
Variational Omni SOXS	+0.0061%	8h	35.659	−0.028%	$462K	$713K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDT	+0.0098%	8h	35.756	+0.244%	$15.3M	$196.0M	25x	as long as short
MEXC SOXS_USDT	+0.0100%	8h	35.740	+0.200%	$13.2M	$14.2M	50x	as long as short
BloFin SOXS-USDT	+0.0102%	8h	35.770	+0.284%	$183K	$63K	25x	as long as short
KuCoin SOXSUSDTM	+0.0140%	8h	35.750	+0.228%	$694K	$2.8M	10x	as long as short
Bitget SOXSUSDT	+0.2034%	8h	35.696	+0.077%	$6.0M	$19.5M	20x	as long as short