Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h —

Price spread now: Variational Omni against Lighter−0.060%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.060% cheaper against Lighter than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOXS	35.640	0.0032	pay 0.0004% / 1h	2m 47s	—	—	10x
Short	Variational Omni SOXS	35.619	0.0070	get 0.0070% / 8h	1h 02m	$461K	$713K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.060%Rate

Funding earned: $7.97
Price spread: −0.060% → 0.000%: −$5.96
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.01
Costs to cover: 0.000%
Break-even: 5.2 days

Slippage unknown: Lighter: no order-book sample; Variational Omni: RFQ quote, 41 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 Variational Omni RFQ quote, 41 min ago	4.05 bp	doesn't fit	12.9 bp −$129	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	−0.0952%	4h	35.690	+0.141%	$39K	$176K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0028%	1h	35.626	−0.039%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.680	+0.112%	$4.1M	$11.4M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.710	+0.196%	$2.3M	$12.2M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.680	+0.112%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.680	+0.112%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.660	+0.056%	$1.2M	$1.9M	20x	as long as short
Lighter SOXSlong	+0.0032%	1h	35.640	long leg	—	—	10x
OKX SOXS-USDT-SWAP	+0.0067%	8h	35.700	+0.168%	$2.9M	$21.0M	25x	as long as short
Variational Omni SOXSshort	+0.0070%	8h	35.619	−0.060%	$461K	$713K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0087%	8h	35.680	+0.112%	$183K	$63K	25x	as long as short
Binance SOXSUSDT	+0.0104%	8h	35.680	+0.112%	$15.2M	$196.4M	25x	as long as short
MEXC SOXS_USDT	+0.0106%	8h	35.690	+0.140%	$13.2M	$14.4M	50x	as long as short
KuCoin SOXSUSDTM	+0.0155%	8h	35.690	+0.140%	$692K	$2.8M	10x	as long as short
Bitget SOXSUSDT	+0.2087%	8h	35.643	+0.008%	$6.0M	$19.6M	20x	as long as short