Funding arb · Price arb /

SOXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h +0.149%

Price spread now: Variational Omni against edgeX+0.030%7-day average −0.001% · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.156%−$16 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now +0.030%, 7d avg −0.001%

Together, before fees−0.002%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.031% dearer against edgeX than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.001%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 4 days (−0.156% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOXSUSDC	35.168	0.0194	pay 0.0097% / 4h	3h 17m	$38K	$177K	10x
Short	Variational Omni SOXS	35.179	0.0137	get 0.0137% / 8h	3h 17m	$438K	$638K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.030%Rate

Funding earned: −$12.03
Price spread: +0.030% → −0.001%: $3.09
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.95
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 34 min ago; Variational Omni: RFQ quote, 37 min ago. 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 edgeX live order book, 34 min ago	8.67 bp	13.9 bp −$14	36.8 bp −$368	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 37 min ago	4.15 bp	doesn't fit	9.5 bp −$95	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	35.280	+0.318%	$2.2M	$11.1M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.360	+0.545%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.380	+0.602%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.350	+0.517%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.270	+0.289%	—	—	10x	as long as short
Bybit SOXSUSDT	+0.0092%	8h	35.280	+0.318%	$4.3M	$10.7M	50x	as long as short
Variational Omni SOXSshort	+0.0137%	8h	35.179	+0.030%	$438K	$638K	—
Binance SOXSUSDT	+0.0152%	8h	35.257	+0.252%	$14.9M	$180.6M	25x	as long as short
MEXC SOXS_USDT	+0.0153%	8h	35.250	+0.232%	$10.9M	$12.9M	50x	as long as short
BloFin SOXS-USDT	+0.0157%	8h	35.330	+0.460%	$196K	$58K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX SOXSUSDClong	+0.0194%	4h	35.168	long leg	$38K	$177K	10x
KuCoin SOXSUSDTM	+0.0311%	8h	35.280	+0.318%	$679K	$2.6M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0321%	8h	35.290	+0.346%	$3.1M	$18.9M	25x	as long as short
Kraken Futures PF_SOXSUSD	+0.0703%	1h	35.388	+0.626%	$8K	$32K	20x	as long as short
Bitget SOXSUSDT	+0.0765%	8h	35.281	+0.320%	$6.1M	$16.8M	20x	as long as short