Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h +0.155%

Price spread now: MEXC against edgeX−0.063%98s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as 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−$300.302% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.369%−$37 on $10k

Price spread, last 4 days (all we have)+0.340%+$34 · spread now −0.063%, 7d avg +0.003%

Together, before fees−0.029%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.066% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 98 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	35.733	0.0131	pay 0.0066% / 4h	31m 56s	$39K	$175K	10x
Short	MEXC SOXS_USDT	35.710	0.0058	get 0.0058% / 8h	31m 56s	$13.2M	$14.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$15.35
Price spread: −0.063% → +0.003%: −$6.63
Slippage, 4 orders: −$21.18
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$52.16
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; MEXC: 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, 5 min ago	8.39 bp	14.1 bp −$14	35.8 bp −$358	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.40 bp	1.4 bp −$1	1.7 bp −$17	6.6 bp −$660	33.9 bp −$17.0K

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	35.763	+0.084%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.730	−0.007%	$4.2M	$11.4M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.740	+0.021%	$2.1M	$12.2M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.760	+0.077%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.780	+0.133%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.760	+0.077%	$1.2M	$1.9M	20x	as long as short
Variational Omni SOXS	+0.0013%	8h	35.778	+0.127%	$462K	$707K	—	as long as short
OKX SOXS-USDT-SWAP	+0.0014%	8h	35.740	+0.021%	$2.8M	$21.3M	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.759	+0.074%	—	—	10x	as long as short
Binance SOXSUSDT	+0.0057%	8h	35.718	−0.041%	$15.1M	$197.1M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXS_USDTshort	+0.0058%	8h	35.710	−0.063%	$13.2M	$14.3M	50x
BloFin SOXS-USDT	+0.0083%	8h	35.750	+0.049%	$178K	$63K	25x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.750	+0.049%	$694K	$2.8M	10x	as long as short
edgeX SOXSUSDClong	+0.0131%	4h	35.733	long leg	$39K	$175K	10x
Bitget SOXSUSDT	+0.1926%	8h	35.693	−0.111%	$6.0M	$19.7M	20x	as long as short