SOXS funding rates and arbitrage

SOXS perpetuals trade on 12 contracts across 12 venues, forming 66 cross-venue arbitrage pairs. By net APR the current best pair is long Kraken against short Crypto.com, netting +55.76%, though note the legs settle on different cadences (1h / 4h)ใ€‚

SOXS perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
LBankSOXSUSDTUSDT8h0.0000%0.00%-41.64%$162.6M44.140
GateSOXS_USDTUSDT8h-0.0027%-2.96%+0.70%$63.8M44.110
BitgetSOXSUSDTUSDT8h0.0000%0.00%-35.33%$44.0M44.156
OKXSOXS-USDT-SWAPUSDT8h0.0000%0.00%-31.78%$41.7M44.160
BybitSOXSUSDTUSDT8h0.0000%0.00%-10.05%$40.6M44.140
MEXCSOXS_USDTUSDT8h0.0000%0.00%-41.63%$2.9M44.130
KuCoinSOXSUSDTMUSDT8h0.0000%0.00%-46.00%$2.4M44.100
DeribitSOXS_USDC-PERPETUALUSDC8h-0.0153%-16.74%-8.03%$983K44.122
HTXSOXS-USDTUSDT8h0.0000%0.00%+9.63%$60K44.200
KrakenPF_SOXSUSDUSD1h-0.0046%-40.60%-11.18%$47K44.049
Crypto.comSOXSUSD-PERPUSD4h0.0069%+15.16%+14.96%$3K44.100
LighterSOXSUSDC1h0.0004%+3.50%+3.50%$044.085

SOXS cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Kraken USDCrypto.com USD+55.76%0.1528%+26.14%1h / 4h$3K
Kraken USDLighter USDC+44.10%0.1208%+14.68%1h matched$0
Kraken USDBitget USDT+40.60%0.1112%-24.15%1h / 8h$47K
Kraken USDBybit USDT+40.60%0.1112%+1.13%1h / 8h$47K
Kraken USDHTX USDT+40.60%0.1112%+20.81%1h / 8h$47K
Kraken USDKuCoin USDT+40.60%0.1112%-34.82%1h / 8h$47K
Kraken USDLBank USDT+40.60%0.1112%-30.46%1h / 8h$47K
Kraken USDMEXC USDT+40.60%0.1112%-30.45%1h / 8h$47K
Kraken USDOKX USDT+40.60%0.1112%-20.60%1h / 8h$47K
Kraken USDGate USDT+37.64%0.1031%+11.88%1h / 8h$47K
Deribit USDCCrypto.com USD+31.91%0.0874%+22.99%8h / 4h$3K
Kraken USDDeribit USDC+23.86%0.0654%+3.15%1h / 8h$47K

Direxion Daily Semiconductor Bear 3X ETF (Backpack Securities) project profile

Key facts
Total
0
Max supply
unlimited
Type
Token
Tokenized AssetsSolana EcosystemReal World Assets (RWA)Tokenized Exchange-Traded Funds (ETFs)Tokenized Exchange-Traded Product (ETPs)Backpack Securities Ecosystem
Contract addresses
solanaSoXSQS1y1d8UFUhJVr1WU9yUH5wnmok39GfRjASTnT4
About

Direxion Daily Semiconductor Bear 3X ETF (Backpack Securities) is a digital representation of private equity, specifically designed to bridge the gap between traditional financial markets and the on-chain ecosystem. Unlike synthetic derivatives or perpetual contracts that merely track price movements through oracles, SOXS represents a tangible claim on the underlying asset. The project is part of the emerging sector of Real World Assets (RWA), which focuses on digitizing physical or financial instruments to improve liquidity and accessibility.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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