Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0596%/8h= −65.3% APRpaid last 24h −0.015%

Price spread now: Binance against Kraken Futures+0.264%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.264% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.264% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	34.858	0.0713	pay 0.0089% / 1h	39m 49s	$8K	$32K	20x
Short	Binance SOXSUSDT	34.950	0.0117	get 0.0117% / 8h	3h 39m	$15.3M	$176.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.264%Rate

Funding earned: −$125.16
Price spread: +0.264% → 0.000%: $26.37
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$118.79
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 3 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	1.44 bp	6.4 bp −$6	10.6 bp −$106	60.5 bp −$6,045	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	34.920	+0.178%	$2.2M	$10.7M	25x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.913	+0.158%	$6.1M	$16.6M	20x	as long as short
SunX SOXS-USDT	0.0000%	8h	34.880	+0.063%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.700	−0.453%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.860	+0.006%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	34.899	+0.117%	—	—	10x	as long as short
BloFin SOXS-USDT	+0.0090%	8h	34.800	−0.167%	$196K	$56K	25x	as long as short
Variational Omni SOXS	+0.0099%	8h	34.759	−0.284%	$442K	$619K	—	as long as short
MEXC SOXS_USDT	+0.0114%	8h	34.920	+0.178%	$10.7M	$12.8M	50x	as long as short
Binance SOXSUSDTshort	+0.0117%	8h	34.950	+0.264%	$15.3M	$176.6M	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOXSUSDT	+0.0136%	8h	34.950	+0.264%	$4.3M	$10.7M	50x	as long as short
KuCoin SOXSUSDTM	+0.0306%	8h	34.870	+0.034%	$671K	$2.5M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0327%	8h	34.970	+0.321%	$3.2M	$18.2M	25x	as long as short
Kraken Futures PF_SOXSUSDlong	+0.0713%	1h	34.858	long leg	$8K	$32K	20x
edgeX SOXSUSDC	+0.0807%	4h	34.614	−0.700%	$38K	$177K	10x	as long as short