Funding you earn now, next payment 08:00 UTC+0.0191%/8h= +20.9% APRnext payment +$1.91 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Phemex−0.113%7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1101.104% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.113%, 7d avg +0.064%
=Funding pays, the price is against you. OKX is 0.177% cheaper against Phemex than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of +0.064%). If the spread goes back, that is −$18 on $10k: about 3.1 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.91 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SOXSUSDT | 35.370 | 0 | get 0.0000% / 8h | 2h 09m | $1.2M | $1.9M | 20x |
| Short | OKX SOXS-USDT-SWAP | 35.330 | 0.0191 | get 0.0191% / 8h | 2h 09m | $2.9M | $20.2M | 25x |
Phemex SOXSUSDT
OKX SOXS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $40.07
- Price spread: −0.113% → +0.064%
- −$17.69
- Slippage, 4 orders
- −$88.44
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$88.06
- Costs to cover
- 1.104%
- Break-even
- 22.4 days
Slippage from Phemex: live order book, 4 min ago; OKX: 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, 4 min ago | 2.82 bp | 49.7 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.81 bp | 11.6 bp −$12 | 18.6 bp −$186 | 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 | −0.0348% | 4h | 35.380 | +0.029% | $39K | $175K | 10x | as long as short |
| Bybit SOXSUSDT | 0.0000% | 8h | 35.330 | −0.113% | $4.2M | $11.3M | 50x | as long as short |
| Gate SOXS_USDT | 0.0000% | 8h | 35.300 | −0.198% | $2.2M | $11.7M | 25x | as long as short |
| SunX SOXS-USDT | 0.0000% | 8h | 35.310 | −0.170% | — | $4.3M | 10x | as long as short |
| HTX SOXS-USDT | 0.0000% | 8h | 35.410 | +0.113% | $11K | $24K | 10x | as long as short |
| Phemex SOXSUSDTlong | 0.0000% | 8h | 35.370 | long leg | $1.2M | $1.9M | 20x | |
| Lighter SOXS | +0.0032% | 1h | 35.280 | −0.254% | — | — | 10x | as long as short |
| Variational Omni SOXS | +0.0117% | 8h | 35.389 | +0.053% | $451K | $712K | — | as long as short |
| BloFin SOXS-USDT | +0.0127% | 8h | 35.360 | −0.028% | $183K | $60K | 25x | as long as short |
| MEXC SOXS_USDT | +0.0141% | 8h | 35.310 | −0.170% | $10.4M | $13.8M | 50x | as long as short |
edgeX SOXSUSDC
Bybit SOXSUSDT
Gate SOXS_USDT
SunX SOXS-USDT
HTX SOXS-USDT
Lighter SOXS
Variational Omni SOXS
BloFin SOXS-USDT
MEXC SOXS_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SOXSUSDT | +0.0141% | 8h | 35.306 | −0.181% | $15.1M | $191.5M | 25x | as long as short |
| OKX SOXS-USDT-SWAPshort | +0.0191% | 8h | 35.330 | −0.113% | $2.9M | $20.2M | 25x | |
| KuCoin SOXSUSDTM | +0.0260% | 8h | 35.290 | −0.226% | $683K | $2.7M | 10x | as long as short |
| Kraken Futures PF_SOXSUSD | +0.0820% | 1h | 35.297 | −0.206% | $8K | $32K | 20x | as long as short |
| Bitget SOXSUSDT | +0.2094% | 8h | 35.303 | −0.189% | $5.8M | $19.0M | 20x | as long as short |
Binance SOXSUSDT
KuCoin SOXSUSDTM
Kraken Futures PF_SOXSUSD
Bitget SOXSUSDT