Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0274%/8h= +30.0% APRpaid last 24h —

Price spread now: KuCoin against Lighter+0.031%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 KuCoin

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 for this trade now. Funding pays +$8 a day on $10k at the current rate, and KuCoin is 0.031% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOXS	35.479	0.0032	pay 0.0004% / 1h	7m 07s	—	—	10x
Short	KuCoin SOXSUSDTM	35.490	0.0306	get 0.0306% / 8h	3h 07m	$682K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.031%Rate

Funding earned: $57.54
Price spread: +0.031% → 0.000%: $3.1
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $48.64
Costs to cover: 0.120%
Break-even: 1.1 days

Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	2.82 bp	31.6 bp −$32	doesn't fit	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
Gate SOXS_USDT	0.0000%	8h	35.500	+0.059%	$2.2M	$11.3M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.510	+0.087%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.510	+0.087%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.510	+0.087%	$1.2M	$1.9M	20x	as long as short
Lighter SOXSlong	+0.0032%	1h	35.479	long leg	—	—	10x
Bybit SOXSUSDT	+0.0059%	8h	35.340	−0.392%	$4.3M	$11.0M	50x	as long as short
Variational Omni SOXS	+0.0128%	8h	35.478	−0.002%	$445K	$648K	—	as long as short
edgeX SOXSUSDC	+0.0133%	4h	35.510	+0.086%	$39K	$177K	10x	as long as short
Binance SOXSUSDT	+0.0147%	8h	35.443	−0.100%	$14.9M	$182.6M	25x	as long as short
MEXC SOXS_USDT	+0.0147%	8h	35.500	+0.059%	$12.2M	$13.1M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0159%	8h	35.490	+0.031%	$194K	$58K	25x	as long as short
OKX SOXS-USDT-SWAP	+0.0300%	8h	35.330	−0.420%	$3.0M	$19.3M	25x	as long as short
KuCoin SOXSUSDTMshort	+0.0306%	8h	35.490	+0.031%	$682K	$2.6M	10x
Kraken Futures PF_SOXSUSD	+0.0700%	1h	35.507	+0.079%	$8K	$32K	20x	as long as short
Bitget SOXSUSDT	+0.1172%	8h	35.508	+0.082%	$5.9M	$17.1M	20x	as long as short