Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h —

Price spread now: OKX against Lighter+0.028%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 OKX

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 +$2 a day on $10k at the current rate, and OKX is 0.028% 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	35.710	0.0032	pay 0.0004% / 1h	19m 47s	—	—	10x
Short	OKX SOXS-USDT-SWAP	35.720	0.0084	get 0.0084% / 8h	1h 19m	$2.9M	$20.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $10.96
Price spread: +0.028% → 0.000%: $2.8
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $3.76
Costs to cover: 0.100%
Break-even: 4.6 days

Slippage unknown: Lighter: no order-book sample; OKX: 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 OKX live order book, 4 min ago	1.40 bp	12.2 bp −$12	21.0 bp −$210	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	−0.0805%	4h	35.704	−0.017%	$39K	$175K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0028%	1h	35.640	−0.196%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.720	+0.028%	$4.2M	$11.4M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.750	+0.112%	$2.3M	$12.1M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.710	0.000%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.770	+0.168%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.730	+0.056%	$1.2M	$1.9M	20x	as long as short
Lighter SOXSlong	+0.0032%	1h	35.710	long leg	—	—	10x
OKX SOXS-USDT-SWAPshort	+0.0084%	8h	35.720	+0.028%	$2.9M	$20.9M	25x
Variational Omni SOXS	+0.0089%	8h	35.699	−0.031%	$465K	$714K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXS_USDT	+0.0123%	8h	35.710	0.000%	$12.5M	$14.3M	50x	as long as short
Binance SOXSUSDT	+0.0123%	8h	35.710	0.000%	$15.3M	$195.7M	25x	as long as short
BloFin SOXS-USDT	+0.0149%	8h	35.710	0.000%	$186K	$62K	25x	as long as short
KuCoin SOXSUSDTM	+0.0177%	8h	35.710	0.000%	$695K	$2.8M	10x	as long as short
Bitget SOXSUSDT	+0.2268%	8h	35.683	−0.076%	$6.1M	$19.4M	20x	as long as short