Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h −0.008%

Price spread now: Variational Omni against Kraken Futures+0.129%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Variational Omni is 0.129% dearer against Kraken Futures than usual: you sell high and buy low: +$13 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	35.631	−0.0152	get 0.0019% / 1h	15m 13s	$9K	$31K	20x
Short	Variational Omni SOXS	35.677	0	get 0.0000% / 8h	6h 15m	$443K	$731K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.129%Rate

Funding earned: $31.91
Price spread: +0.129% → 0.000%: $12.92
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $34.83
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: RFQ quote, 37 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 Variational Omni RFQ quote, 37 min ago	4.06 bp	doesn't fit	11.9 bp −$119	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 exchanges

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	−0.0532%	4h	35.789	+0.441%	$39K	$173K	10x	as long as short
Kraken Futures PF_SOXSUSDlong	−0.0152%	1h	35.631	long leg	$9K	$31K	20x
Binance SOXSUSDT	0.0000%	8h	35.703	+0.201%	$13.6M	$210.1M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.710	+0.221%	$4.0M	$11.8M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.710	+0.221%	$2.7M	$23.6M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.680	+0.137%	$2.2M	$16.3M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.700	+0.193%	$11.1M	$15.4M	50x	as long as short
Variational Omni SOXSshort	0.0000%	8h	35.677	+0.129%	$443K	$731K	—
SunX SOXS-USDT	0.0000%	8h	35.710	+0.221%	—	$3.9M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.820	+0.530%	$13K	$26K	10x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	35.700	+0.193%	$1.3M	$1.8M	20x	as long as short
BloFin SOXS-USDT	+0.0002%	8h	35.670	+0.109%	$175K	$71K	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.689	+0.162%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.710	+0.221%	$708K	$2.9M	10x	as long as short
Bitget SOXSUSDT	+0.1049%	8h	35.700	+0.193%	$5.3M	$22.1M	20x	as long as short