Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0756%/8hpaid last 24h −0.192%

Price spread now: Bitget against Kraken Futures+0.037%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 Bitget

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

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Bitget is 0.037% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	34.900	−0.0671	get 0.0084% / 1h	21m 56s	$10K	$11K	20x
Short	Bitget SOXSUSDT	34.913	0.0085	get 0.0085% / 8h	4h 21m	$5.5M	$14.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.037%Rate

Funding earned: $158.7
Price spread: +0.037% → 0.000%: $3.74
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $140.44
Costs to cover: 0.220%
Break-even: 0.8 days

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	1.43 bp	11.1 bp −$11	24.0 bp −$240	doesn't fit	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
Kraken Futures PF_SOXSUSDlong	−0.0671%	1h	34.900	long leg	$10K	$11K	20x
BloFin SOXS-USDT	−0.0006%	8h	35.070	+0.487%	$163K	$50K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.912	+0.036%	$13.3M	$155.5M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	34.920	+0.057%	$4.1M	$9.6M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	34.920	+0.057%	$2.4M	$12.6M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.910	+0.029%	$1.9M	$8.7M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.900	0.000%	$12.7M	$9.4M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.175	+0.788%	$322K	$279K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.950	+0.143%	—	$4.9M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.130	+0.659%	$12K	$23K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	34.920	+0.057%	$1.2M	$1.7M	20x	as long as short
Lighter SOXS	+0.0032%	1h	34.884	−0.046%	—	—	10x	as long as short
Bitget SOXSUSDTshort	+0.0085%	8h	34.913	+0.037%	$5.5M	$14.8M	20x
KuCoin SOXSUSDTM	+0.0100%	8h	34.920	+0.057%	$723K	$1.9M	10x	as long as short
edgeX SOXSUSDC	+0.0283%	4h	35.108	+0.596%	$38K	$189K	10x	as long as short