Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Bybit against Lighter+0.060%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Bybit

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

The price spread pays, funding is against you. Bybit is 0.060% dearer against Lighter than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOXS	34.719	0.0032	pay 0.0004% / 1h	24m 25s	—	—	10x
Short	Bybit SOXSUSDT	34.740	0	get 0.0000% / 8h	24m 25s	$3.9M	$9.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Lighter. 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 LighterbpFee BybitbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$6.72
Price spread: +0.060% → 0.000%: $6.05
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$11.67
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 4 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 Lighter no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	1.44 bp	13.1 bp −$13	22.2 bp −$222	doesn't fit	doesn't fit

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
edgeX SOXSUSDC	−0.0478%	4h	34.733	+0.040%	$38K	$183K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0298%	1h	34.663	−0.161%	$8K	$32K	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.735	+0.046%	$12.9M	$163.2M	25x	as long as short
Bybit SOXSUSDTshort	0.0000%	8h	34.740	+0.060%	$3.9M	$9.7M	50x
OKX SOXS-USDT-SWAP	0.0000%	8h	34.750	+0.089%	$2.5M	$14.8M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.730	+0.032%	$2.0M	$8.7M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.720	+0.003%	$12.4M	$11.0M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.752	+0.095%	$4.8M	$15.1M	20x	as long as short
Variational Omni SOXS	0.0000%	8h	34.731	+0.035%	$297K	$314K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.720	+0.003%	—	$4.7M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOXS-USDT	0.0000%	8h	34.800	+0.233%	$11K	$23K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.710	−0.026%	$1.2M	$1.9M	20x	as long as short
BloFin SOXS-USDT	+0.0010%	8h	34.710	−0.026%	$166K	$56K	25x	as long as short
Lighter SOXSlong	+0.0032%	1h	34.719	long leg	—	—	10x
KuCoin SOXSUSDTM	+0.0100%	8h	34.720	+0.003%	$717K	$2.2M	10x	as long as short