SOXS Funding Rate — perpetuals across 7 venues

TradFi perpetual · compared across 7 venues · net of estimated fees · updated every few minutes

SOXS is a perpetual linked to the SOXS index/ETF. Perpia compares its annualized funding across venues and the best delta-neutral spread.

Live annualized SOXS perpetual funding across all 7 venues Perpia tracks. Right now SOXS funding is positive on 0 and negative on 1, ranging from +0.0% on MEXC to -51.2% on KuCoin — a spread of 51.2%. The widest delta-neutral trade is long KuCoin / short MEXC at 49.1% net APR.

venues

paying positive

51.2%

funding spread

Best SOXS spread now

49.1%

net APR after fees

Long KuCoin→Short MEXC

size depends on live venue depth — see the real cap in the scanner

SOXS funding trend & liquidity

168h of history

51.2%

current gross APR

14.6%

24h average

10.8%

7-day average

$519K

pair OI · lower leg

$930K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

SOXS funding rate history

30d · 6h buckets · 7 venues

92.4%0-110.6%

6 Aug5 Sep

SOXS — average across 7 venuesBitgetKuCoinMEXCOKX

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +0.1%. A break in a line means no data was recorded for that stretch, not a zero rate.

SOXS funding rate by venue

6 pairs scanned

Venue	Funding APR	Interval
MEXC ↗	+0.0%	8h
Gate.io ↗	+0.0%	8h
OKX ↗	+0.0%	8h
Bitget ↗	+0.0%	8h
Bybit ↗	+0.0%	8h
Variational ↗	+0.0%	8h
KuCoin ↗	-51.2%	8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the KuCoin vs MEXC page.

SOXS arbitrage — 30-day backtest

long KuCoin · short MEXC

-0.6%

backtested APR

−$5

historical net P&L on $10,000

0.32%

max drawdown

$10,000$9,995

30 days agostarting capital $10,000today

Over the last 30 days, holding long KuCoin / short MEXC would have produced -0.6% APR — versus the 49.1% the live spread implies right now (equity $10,000 → $9,995). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading SOXS backtest…

SOXS funding — FAQ

Is SOXS funding positive right now?

SOXS perpetual funding is positive on 0 of 7 venues Perpia tracks and negative on 1. The highest is +0.0% on MEXC; the lowest is -51.2% on KuCoin.

What is the best SOXS funding arbitrage right now?

Go long KuCoin and short MEXC for about 49.1% net APR after fees — the widest delta-neutral SOXS spread Perpia currently sees.

Which exchange has the highest SOXS funding rate?

MEXC, at +0.0% annualized. Funding shifts continuously, so check the live table above before trading.

How SOXS funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to SOXS

Markets also quoted on both KuCoin and MEXC — the same two exchanges you would already have funded for the SOXS trade.

See every spread between them on the KuCoin vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this