Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0330%/8h= −36.2% APRnext payment −$0.41 per $10,000 · paid last 24h —

Price spread now: Kraken Futures against Lighter−0.052%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Kraken Futures

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 −$10 a day on $10k at the current rate, and Kraken Futures is 0.052% cheaper against Lighter than usual: you would sell low and buy high (−$5 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	Lighter SOXS	34.715	0.0032	pay 0.0004% / 1h	15m 10s	—	—	10x
Short	Kraken Futures PF_SOXSUSD	34.697	−0.0298	pay 0.0037% / 1h	15m 10s	$8K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$69.34
Price spread: −0.052% → 0.000%: −$5.2
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$84.54
Costs to cover: 0.100%
Break-even: never at this rate

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

Lighter and Kraken Futures: 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
Kraken Futures PF_SOXSUSDshort	−0.0298%	1h	34.697	−0.052%	$8K	$31K	20x
Binance SOXSUSDT	0.0000%	8h	34.730	+0.043%	$12.9M	$163.4M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	34.770	+0.158%	$3.9M	$9.7M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	34.750	+0.101%	$2.5M	$14.8M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.730	+0.043%	$2.0M	$8.8M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.720	+0.014%	$12.4M	$11.1M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.736	+0.060%	$4.8M	$15.2M	20x	as long as short
Variational Omni SOXS	0.0000%	8h	34.710	−0.014%	$296K	$314K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.740	+0.072%	—	$4.7M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.780	+0.187%	$11K	$23K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	34.730	+0.043%	$1.2M	$1.9M	20x	as long as short
BloFin SOXS-USDT	0.0000%	8h	34.750	+0.101%	$165K	$56K	25x	as long as short
Lighter SOXSlong	+0.0032%	1h	34.715	long leg	—	—	10x
KuCoin SOXSUSDTM	+0.0100%	8h	34.710	−0.014%	$708K	$2.2M	10x	as long as short
edgeX SOXSUSDC	+0.0281%	4h	34.702	−0.038%	$38K	$184K	10x	as long as short