Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.007%

Price spread now: KuCoin against Kraken Futures+0.091%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 KuCoin

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 +$7 a day on $10k at the current rate, and KuCoin is 0.091% dearer against Kraken Futures than usual: you sell high and buy low: +$9 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	35.747	−0.0119	get 0.0015% / 1h	30m 44s	$8K	$32K	20x
Short	KuCoin SOXSUSDTM	35.780	0.0100	get 0.0100% / 8h	30m 44s	$694K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.091%Rate

Funding earned: $45.94
Price spread: +0.091% → 0.000%: $9.13
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $33.08
Costs to cover: 0.220%
Break-even: 2.0 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	2.80 bp	28.1 bp −$28	doesn't fit	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	−0.0119%	1h	35.747	long leg	$8K	$32K	20x
Bybit SOXSUSDT	0.0000%	8h	35.810	+0.175%	$4.2M	$11.4M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.790	+0.119%	$2.1M	$12.2M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.760	+0.035%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.810	+0.175%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.770	+0.063%	$1.2M	$1.9M	20x	as long as short
Variational Omni SOXS	+0.0005%	8h	35.758	+0.031%	$464K	$709K	—	as long as short
OKX SOXS-USDT-SWAP	+0.0011%	8h	35.790	+0.119%	$2.8M	$21.3M	25x	as long as short
BloFin SOXS-USDT	+0.0027%	8h	35.760	+0.035%	$178K	$63K	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.789	+0.117%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDT	+0.0055%	8h	35.793	+0.127%	$15.1M	$197.1M	25x	as long as short
MEXC SOXS_USDT	+0.0056%	8h	35.790	+0.119%	$13.2M	$14.3M	50x	as long as short
KuCoin SOXSUSDTMshort	+0.0100%	8h	35.780	+0.091%	$694K	$2.8M	10x
edgeX SOXSUSDC	+0.0679%	4h	35.754	+0.019%	$39K	$175K	10x	as long as short
Bitget SOXSUSDT	+0.1922%	8h	35.741	−0.018%	$6.1M	$19.7M	20x	as long as short