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: Phemex against Lighter+0.072%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 Phemex

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. Phemex is 0.072% dearer against Lighter than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOXS	34.695	0.0032	pay 0.0004% / 1h	17m 12s	—	—	10x
Short	Phemex SOXSUSDT	34.720	0	get 0.0000% / 8h	17m 12s	$1.2M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$6.72
Price spread: +0.072% → 0.000%: $7.21
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$11.51
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Phemex: live order book, 1 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 Phemex live order book, 1 min ago	4.33 bp	62.5 bp −$62	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
Kraken Futures PF_SOXSUSD	−0.0299%	1h	34.662	−0.096%	$8K	$32K	20x	as long as short
BloFin SOXS-USDT	−0.0027%	8h	34.710	+0.043%	$165K	$56K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.710	+0.043%	$12.9M	$163.5M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	34.720	+0.072%	$3.9M	$9.7M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	34.740	+0.130%	$2.5M	$14.8M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.700	+0.014%	$2.0M	$8.8M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.720	+0.072%	$12.4M	$11.1M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.728	+0.095%	$4.8M	$15.2M	20x	as long as short
Variational Omni SOXS	0.0000%	8h	34.720	+0.073%	$297K	$314K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.710	+0.043%	—	$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	34.720	+0.072%	$11K	$23K	10x	as long as short
Phemex SOXSUSDTshort	0.0000%	8h	34.720	+0.072%	$1.2M	$1.9M	20x
Lighter SOXSlong	+0.0032%	1h	34.695	long leg	—	—	10x
KuCoin SOXSUSDTM	+0.0100%	8h	34.680	−0.043%	$707K	$2.2M	10x	as long as short
edgeX SOXSUSDC	+0.0111%	4h	34.650	−0.129%	$38K	$184K	10x	as long as short