Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0323%/8h= −35.4% APRpaid last 24h −0.045%

Price spread now: Phemex against edgeX+0.375%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1481.480% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.358%−$36 on $10k

Price spread, last 3 days (all we have)−0.340%−$34 · spread now +0.375%, 7d avg −0.028%

Together, before fees−0.698%+ Points / potential airdropedgeX: Active · farm board−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.404% dearer against edgeX than usual: you sell high and buy low (spread +0.375% now, against its 7-day average of −0.028%): +$40 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOXSUSDC	33.843	0.0323	pay 0.0162% / 4h	2h 56m	$37K	$181K	10x
Short	Phemex SOXSUSDT	33.970	0	get 0.0000% / 8h	6h 56m	$1.2M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.375%Rate

Funding earned: −$67.89
Price spread: +0.375% → −0.028%: $40.36
Slippage, 4 orders: −$127.05
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$175.58
Costs to cover: 1.480%
Break-even: never at this rate

Slippage from edgeX: live order book, 10 min ago; Phemex: live order book, 2 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, 10 min ago	8.89 bp	13.9 bp −$14	36.5 bp −$365	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	10.31 bp	54.4 bp −$54	doesn't fit	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
Bitget SOXSUSDT	−0.0896%	8h	33.975	+0.390%	$6.0M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	33.960	+0.346%	$15.0M	$172.7M	25x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	34.000	+0.464%	$2.9M	$16.8M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	33.940	+0.286%	$2.2M	$9.6M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	33.960	+0.346%	$9.8M	$11.9M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	33.769	−0.219%	$412K	$625K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.960	+0.346%	—	$4.6M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	33.990	+0.434%	$10K	$24K	10x	as long as short
Phemex SOXSUSDTshort	0.0000%	8h	33.970	+0.375%	$1.2M	$1.9M	20x
BloFin SOXS-USDT	+0.0021%	8h	33.960	+0.346%	$166K	$54K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOXS	+0.0032%	1h	33.890	+0.139%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	33.900	+0.168%	$732K	$2.3M	10x	as long as short
Bybit SOXSUSDT	+0.0273%	8h	33.970	+0.375%	$4.1M	$10.6M	50x	as long as short
edgeX SOXSUSDClong	+0.0323%	4h	33.843	long leg	$37K	$181K	10x
Kraken Futures PF_SOXSUSD	+0.0558%	1h	33.959	+0.341%	$8K	$32K	20x	as long as short