Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0632%/8h= −69.2% APRpaid last 24h −0.031%

Price spread now: OKX against Kraken Futures+0.290%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 OKX

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. OKX is 0.290% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.290% now, against zero (this spread has no 7-day history yet)): +$29 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	35.268	0.0820	pay 0.0103% / 1h	7m 16s	$8K	$32K	20x
Short	OKX SOXS-USDT-SWAP	35.370	0.0188	get 0.0188% / 8h	2h 07m	$2.9M	$20.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.290%Rate

Funding earned: −$132.66
Price spread: +0.290% → 0.000%: $28.98
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$123.68
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; OKX: 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 OKX live order book, 1 min ago	1.41 bp	11.3 bp −$11	19.2 bp −$192	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
edgeX SOXSUSDC	−0.0348%	4h	35.380	+0.319%	$39K	$175K	10x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.380	+0.318%	$4.2M	$11.3M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.310	+0.120%	$2.2M	$11.7M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.310	+0.120%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.360	+0.261%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.350	+0.233%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.284	+0.046%	—	—	10x	as long as short
Variational Omni SOXS	+0.0117%	8h	35.389	+0.343%	$451K	$712K	—	as long as short
BloFin SOXS-USDT	+0.0141%	8h	35.370	+0.290%	$184K	$60K	25x	as long as short
MEXC SOXS_USDT	+0.0143%	8h	35.350	+0.233%	$10.4M	$13.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDT	+0.0144%	8h	35.355	+0.247%	$15.1M	$191.8M	25x	as long as short
OKX SOXS-USDT-SWAPshort	+0.0188%	8h	35.370	+0.290%	$2.9M	$20.3M	25x
KuCoin SOXSUSDTM	+0.0254%	8h	35.320	+0.148%	$683K	$2.7M	10x	as long as short
Kraken Futures PF_SOXSUSDlong	+0.0820%	1h	35.268	long leg	$8K	$32K	20x
Bitget SOXSUSDT	+0.2036%	8h	35.290	+0.063%	$5.8M	$19.1M	20x	as long as short