Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX+0.086%47s7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as 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−$1601.603% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.086%, 7d avg +0.051%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.035% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.051%. The two prices were read 47 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	SunX SOXS-USDT	35.080	0	get 0.0000% / 8h	5h 44m	—	$3.8M	10x
Short	OKX SOXS-USDT-SWAP	35.110	0	get 0.0000% / 8h	5h 44m	$2.6M	$24.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SunX. 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 SunXbpFee OKXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.051%: $3.49
Slippage, 4 orders: −$142.35
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$156.86
Costs to cover: 1.603%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; OKX: 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 SunX live order book, 7 min ago	47.24 bp	70.7 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.43 bp	8.9 bp −$9	18.4 bp −$184	doesn't fit	doesn't fit

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
Kraken Futures PF_SOXSUSD	−0.0799%	1h	35.108	+0.080%	$12K	$34K	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.118	+0.107%	$13.6M	$218.3M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.120	+0.114%	$3.8M	$12.4M	50x	as long as short
OKX SOXS-USDT-SWAPshort	0.0000%	8h	35.110	+0.086%	$2.6M	$24.6M	25x
Gate SOXS_USDT	0.0000%	8h	35.110	+0.086%	$2.0M	$16.6M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.110	+0.086%	$10.0M	$15.7M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.046	−0.097%	$429K	$748K	—	as long as short
SunX SOXS-USDTlong	0.0000%	8h	35.080	long leg	—	$3.8M	10x
HTX SOXS-USDT	0.0000%	8h	35.130	+0.143%	$12K	$22K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.080	0.000%	$1.2M	$1.8M	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0023%	8h	35.140	+0.171%	$172K	$72K	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.095	+0.043%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.080	0.000%	$668K	$3.0M	10x	as long as short
edgeX SOXSUSDC	+0.0165%	4h	34.954	−0.359%	$38K	$172K	10x	as long as short
Bitget SOXSUSDT	+0.0815%	8h	35.100	+0.057%	$5.3M	$23.1M	20x	as long as short