Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Phemex−0.061%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Lighter

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

Funding pays, the price is against you. Lighter is 0.061% cheaper against Phemex than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 6.4 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	Phemex SOXSUSDT	34.200	0	get 0.0000% / 8h	6h 19m	$1.2M	$1.9M	20x
Short	Lighter SOXS	34.179	0.0032	get 0.0004% / 1h	19m 30s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phemex. 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 PhemexbpFee LighterbpOrdersPrice spread, now −0.061%Rate

Funding earned: $6.72
Price spread: −0.061% → 0.000%: −$6.14
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.42
Costs to cover: 0.120%
Break-even: 18.9 days

Slippage unknown: Phemex: live order book, 4 min ago; Lighter: 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 Phemex live order book, 4 min ago	2.93 bp	38.2 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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 14 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	−0.0987%	4h	34.159	−0.119%	$37K	$181K	10x	as long as short
Bitget SOXSUSDT	−0.0350%	8h	34.211	+0.032%	$6.1M	$16.6M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.201	+0.004%	$15.7M	$173.3M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.180	−0.058%	$2.2M	$10.1M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.190	−0.029%	$11.3M	$12.4M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	34.169	−0.092%	$427K	$643K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.180	−0.058%	—	$4.4M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.150	−0.146%	$10K	$24K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	34.200	long leg	$1.2M	$1.9M	20x
Lighter SOXSshort	+0.0032%	1h	34.179	−0.061%	—	—	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SOXSUSDTM	+0.0100%	8h	34.170	−0.088%	$736K	$2.4M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0159%	8h	34.200	0.000%	$3.1M	$17.3M	25x	as long as short
Bybit SOXSUSDT	+0.0300%	8h	34.230	+0.088%	$4.1M	$10.5M	50x	as long as short
Kraken Futures PF_SOXSUSD	+0.0554%	1h	34.194	−0.016%	$8K	$31K	20x	as long as short