Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Gate+0.029%49s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as 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−$1141.140% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.029%, 7d avg −0.004%

Together, before fees+0.045%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.033% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 49 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	Gate SOXS_USDT	34.020	0	get 0.0000% / 8h	4h 36m	$2.1M	$10.4M	25x
Short	Phemex SOXSUSDT	34.030	0	get 0.0000% / 8h	4h 36m	$1.2M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.004%: $3.3
Slippage, 4 orders: −$87.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$110.72
Costs to cover: 1.140%
Break-even: never at this rate

Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago	2.94 bp	13.0 bp −$13	33.1 bp −$331	74.5 bp −$7,447	doesn't fit
Sell Phemex live order book, 2 min ago	2.94 bp	50.2 bp −$50	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	−0.0338%	8h	34.034	+0.041%	$5.9M	$16.6M	20x	as long as short
Gate SOXS_USDTlong	0.0000%	8h	34.020	long leg	$2.1M	$10.4M	25x
Variational Omni SOXS	0.0000%	8h	33.989	−0.092%	$429K	$620K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.030	+0.029%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.050	+0.088%	$10K	$24K	10x	as long as short
Phemex SOXSUSDTshort	0.0000%	8h	34.030	+0.029%	$1.2M	$1.9M	20x
MEXC SOXS_USDT	+0.0006%	8h	34.020	0.000%	$10.6M	$12.9M	50x	as long as short
Binance SOXSUSDT	+0.0007%	8h	34.024	+0.011%	$15.6M	$173.5M	25x	as long as short
BloFin SOXS-USDT	+0.0008%	8h	34.020	0.000%	$192K	$54K	25x	as long as short
Lighter SOXS	+0.0032%	1h	33.979	−0.121%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOXSUSDT	+0.0119%	8h	34.030	+0.029%	$4.2M	$10.5M	50x	as long as short
KuCoin SOXSUSDTM	+0.0300%	8h	34.030	+0.029%	$669K	$2.5M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0329%	8h	34.030	+0.029%	$3.1M	$17.5M	25x	as long as short
Kraken Futures PF_SOXSUSD	+0.0386%	1h	33.983	−0.109%	$8K	$32K	20x	as long as short
edgeX SOXSUSDC	+0.0912%	4h	34.019	−0.003%	$37K	$178K	10x	as long as short