Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1125%/8h= −123.2% APRnext payment −$1.41 per $10,000 · paid last 24h —

Price spread now: Lighter against Kraken Futures−0.072%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Lighter is 0.072% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	34.195	0.1157	pay 0.0145% / 1h	27m 42s	$8K	$31K	20x
Short	Lighter SOXS	34.170	0.0032	get 0.0004% / 1h	27m 42s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$236.31
Price spread: −0.072% → 0.000%: −$7.17
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$253.49
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Lighter: no order-book sample. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Kraken Futures and Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget SOXSUSDT	−0.0149%	8h	34.223	+0.083%	$6.0M	$16.5M	20x	as long as short
BloFin SOXS-USDT	−0.0013%	8h	34.190	−0.013%	$192K	$55K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.214	+0.058%	$15.8M	$172.8M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.210	+0.045%	$2.2M	$10.2M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.210	+0.045%	$10.1M	$12.5M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	34.108	−0.253%	$430K	$620K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.200	+0.016%	—	$4.4M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.190	−0.013%	$10K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.200	+0.016%	$1.2M	$1.9M	20x	as long as short
edgeX SOXSUSDC	+0.0029%	4h	34.099	−0.278%	$37K	$180K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOXSshort	+0.0032%	1h	34.170	−0.072%	—	—	10x
Bybit SOXSUSDT	+0.0164%	8h	34.230	+0.104%	$4.2M	$10.4M	50x	as long as short
KuCoin SOXSUSDTM	+0.0228%	8h	34.190	−0.013%	$724K	$2.4M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0263%	8h	34.250	+0.162%	$3.1M	$17.2M	25x	as long as short
Kraken Futures PF_SOXSUSDlong	+0.1157%	1h	34.195	long leg	$8K	$31K	20x