SOXS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0305%/8h= +33.4% APRnext payment +$3.05 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Phemex−0.088%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1641.641% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.088%, 7d avg +0.015%

Together, before fees−0.296%−$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.103% cheaper against Phemex than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.015%). If the spread goes back, that is −$10 on $10k: about 27 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.227%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXSUSDT	34.060	0	get 0.0000% / 8h	4h 33m	$1.2M	$1.9M	20x
Short	KuCoin SOXSUSDTM	34.030	0.0305	get 0.0305% / 8h	4h 33m	$669K	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.088%Rate

Funding earned: $64.05
Price spread: −0.088% → +0.015%: −$10.31
Slippage, 4 orders: −$140.12
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$110.38
Costs to cover: 1.641%
Break-even: 19.1 days

Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago	2.94 bp	39.9 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.94 bp	36.2 bp −$36	doesn't fit	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
edgeX SOXSUSDC	−0.0503%	4h	34.029	−0.090%	$37K	$179K	10x	as long as short
Bitget SOXSUSDT	−0.0331%	8h	34.042	−0.053%	$5.9M	$16.6M	20x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.020	−0.117%	$2.1M	$10.4M	25x	as long as short
Variational Omni SOXS	0.0000%	8h	34.019	−0.120%	$429K	$616K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.030	−0.088%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.040	−0.059%	$10K	$24K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	34.060	long leg	$1.2M	$1.9M	20x
BloFin SOXS-USDT	+0.0006%	8h	34.040	−0.059%	$192K	$54K	25x	as long as short
MEXC SOXS_USDT	+0.0010%	8h	34.040	−0.059%	$10.5M	$12.9M	50x	as long as short
Binance SOXSUSDT	+0.0014%	8h	34.046	−0.042%	$15.6M	$173.6M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOXS	+0.0032%	1h	34.009	−0.150%	—	—	10x	as long as short
Bybit SOXSUSDT	+0.0117%	8h	34.050	−0.029%	$4.2M	$10.5M	50x	as long as short
KuCoin SOXSUSDTMshort	+0.0305%	8h	34.030	−0.088%	$669K	$2.5M	10x
OKX SOXS-USDT-SWAP	+0.0335%	8h	34.060	0.000%	$3.1M	$17.5M	25x	as long as short
Kraken Futures PF_SOXSUSD	+0.0386%	1h	33.989	−0.210%	$8K	$32K	20x	as long as short