SOXS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0800%/8h= +87.6% APRnext payment +$8.00 per $10,000 · paid last 24h −0.038%

Price spread now: Bitget against Phemex−0.150%46s7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1201.204% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.604%−$60 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.150%, 7d avg +0.069%

Together, before fees−0.461%−$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.219% cheaper against Phemex than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of +0.069%). If the spread goes back, that is −$22 on $10k: about 22 hours of funding at the current rate (+$24 a day). Mind the row above: over the last 7 days funding on this pair cost −0.604%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXSUSDT	35.240	0	get 0.0000% / 8h	3h 16m	$1.2M	$1.9M	20x
Short	Bitget SOXSUSDT	35.187	0.0800	get 0.0800% / 8h	3h 16m	$6.0M	$16.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now −0.150%Rate

Funding earned: $168
Price spread: −0.150% → +0.069%: −$21.9
Slippage, 4 orders: −$96.44
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: $25.66
Costs to cover: 1.204%
Break-even: 5.9 days

Slippage from Phemex: live order book, 2 min ago; Bitget: live order book, 2 min ago.

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 Phemex live order book, 2 min ago	7.07 bp	55.3 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.99 bp	10.9 bp −$11	30.2 bp −$302	doesn't fit	doesn't fit

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	35.190	−0.142%	$2.2M	$11.1M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.260	+0.057%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.380	+0.397%	$11K	$24K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	35.240	long leg	$1.2M	$1.9M	20x
Lighter SOXS	+0.0032%	1h	35.140	−0.284%	—	—	10x	as long as short
Bybit SOXSUSDT	+0.0088%	8h	35.190	−0.142%	$4.3M	$10.7M	50x	as long as short
BloFin SOXS-USDT	+0.0125%	8h	35.260	+0.057%	$195K	$58K	25x	as long as short
Variational Omni SOXS	+0.0137%	8h	35.179	−0.174%	$438K	$638K	—	as long as short
Binance SOXSUSDT	+0.0151%	8h	35.177	−0.177%	$14.9M	$180.6M	25x	as long as short
MEXC SOXS_USDT	+0.0152%	8h	35.170	−0.199%	$11.4M	$13.0M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX SOXSUSDC	+0.0194%	4h	35.168	−0.203%	$38K	$177K	10x	as long as short
KuCoin SOXSUSDTM	+0.0307%	8h	35.200	−0.114%	$678K	$2.6M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0318%	8h	35.210	−0.085%	$3.1M	$18.9M	25x	as long as short
Kraken Futures PF_SOXSUSD	+0.0706%	1h	35.244	+0.012%	$8K	$32K	20x	as long as short
Bitget SOXSUSDTshort	+0.0800%	8h	35.187	−0.150%	$6.0M	$16.8M	20x