Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Variational Omni−0.091%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.091% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 9.5 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	Variational Omni SOXS	35.828	0	get 0.0000% / 8h	6h 18m	$445K	$731K	—
Short	Lighter SOXS	35.795	0.0032	get 0.0004% / 1h	18m 31s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.091%Rate

Funding earned: $6.72
Price spread: −0.091% → 0.000%: −$9.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.39
Costs to cover: 0.000%
Break-even: 9.5 days

Slippage unknown: Variational Omni: RFQ quote, 33 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 Variational Omni RFQ quote, 33 min ago	4.06 bp	doesn't fit	14.3 bp −$143	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 15 exchanges

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	−0.0151%	1h	35.844	+0.045%	$9K	$31K	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.802	−0.071%	$13.6M	$210.0M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.800	−0.077%	$4.0M	$11.9M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.790	−0.105%	$2.7M	$23.6M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.830	+0.007%	$2.2M	$16.3M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.790	−0.105%	$11.2M	$15.4M	50x	as long as short
Variational Omni SOXSlong	0.0000%	8h	35.828	long leg	$445K	$731K	—
SunX SOXS-USDT	0.0000%	8h	35.830	+0.007%	—	$3.9M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.860	+0.090%	$13K	$26K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.830	+0.007%	$1.3M	$1.8M	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0026%	8h	35.830	+0.007%	$176K	$72K	25x	as long as short
Lighter SOXSshort	+0.0032%	1h	35.795	−0.091%	—	—	10x
KuCoin SOXSUSDTM	+0.0100%	8h	35.830	+0.007%	$710K	$2.9M	10x	as long as short
edgeX SOXSUSDC	+0.0933%	4h	35.820	−0.021%	$39K	$172K	10x	as long as short
Bitget SOXSUSDT	+0.1074%	8h	35.791	−0.102%	$5.3M	$22.1M	20x	as long as short