Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Binance against Variational Omni−0.171%7-day average −0.001% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 2 days (all we have)+0.301%+$30 · spread now −0.171%, 7d avg −0.001%

Together, before fees+0.311%+ Points / potential airdropVariational Omni: Active · farm board+$31 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: Binance is 0.170% cheaper against Variational Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOXS	35.546	0	get 0.0000% / 8h	3h 32m	$309K	$361K	—
Short	Binance SOXSUSDT	35.485	0	get 0.0000% / 8h	3h 32m	$13.6M	$164.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.171%Rate

Funding earned: $0
Price spread: −0.171% → −0.001%: −$17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 17 min ago; Binance: live order book, 2 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 Variational Omni RFQ quote, 17 min ago	4.08 bp	doesn't fit	11.8 bp −$118	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.41 bp	6.7 bp −$7	13.3 bp −$133	58.9 bp −$5,892	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
Kraken Futures PF_SOXSUSD	−0.0265%	1h	35.478	−0.189%	$11K	$22K	20x	as long as short
Binance SOXSUSDTshort	0.0000%	8h	35.485	−0.171%	$13.6M	$164.3M	25x
Bybit SOXSUSDT	0.0000%	8h	35.500	−0.128%	$4.1M	$10.1M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.480	−0.184%	$1.9M	$9.0M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.490	−0.156%	$12.8M	$10.2M	50x	as long as short
Variational Omni SOXSlong	0.0000%	8h	35.546	long leg	$309K	$361K	—
SunX SOXS-USDT	0.0000%	8h	35.500	−0.128%	—	$5.0M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.550	+0.013%	$12K	$23K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.500	−0.128%	$1.2M	$1.8M	20x	as long as short
BloFin SOXS-USDT	+0.0001%	8h	35.430	−0.325%	$160K	$57K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SOXS-USDT-SWAP	+0.0016%	8h	35.510	−0.100%	$2.4M	$13.6M	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.475	−0.198%	—	—	10x	as long as short
Bitget SOXSUSDT	+0.0091%	8h	35.515	−0.086%	$5.5M	$15.3M	20x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.510	−0.100%	$733K	$2.0M	10x	as long as short
edgeX SOXSUSDC	+0.0575%	4h	35.568	+0.063%	$39K	$188K	10x	as long as short