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: Lighter against Binance−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 Binance 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 0.060% cheaper against Binance 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 6.3 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	Binance SOXSUSDT	34.740	0	get 0.0000% / 8h	12m 36s	$12.9M	$163.2M	25x
Short	Lighter SOXS	34.719	0.0032	get 0.0004% / 1h	12m 36s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.060%Rate

Funding earned: $6.72
Price spread: −0.060% → 0.000%: −$6.04
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.32
Costs to cover: 0.100%
Break-even: 16.7 days

Slippage unknown: Binance: live order book, 16 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 Binance live order book, 16 min ago	1.44 bp	6.4 bp −$6	12.1 bp −$121	69.4 bp −$6,938	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 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	−0.0298%	1h	34.763	+0.067%	$8K	$31K	20x	as long as short
Binance SOXSUSDTlong	0.0000%	8h	34.740	long leg	$12.9M	$163.2M	25x
Bybit SOXSUSDT	0.0000%	8h	34.750	+0.029%	$3.9M	$9.7M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	34.750	+0.029%	$2.5M	$14.8M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.740	0.000%	$2.0M	$8.8M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.720	−0.058%	$12.5M	$11.2M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.737	−0.009%	$4.8M	$15.1M	20x	as long as short
Variational Omni SOXS	0.0000%	8h	34.710	−0.086%	$296K	$314K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.760	+0.058%	—	$4.7M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.780	+0.115%	$11K	$23K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	34.760	+0.058%	$1.2M	$1.9M	20x	as long as short
BloFin SOXS-USDT	+0.0011%	8h	34.760	+0.058%	$165K	$56K	25x	as long as short
Lighter SOXSshort	+0.0032%	1h	34.719	−0.060%	—	—	10x
KuCoin SOXSUSDTM	+0.0100%	8h	34.730	−0.029%	$708K	$2.2M	10x	as long as short
edgeX SOXSUSDC	+0.0920%	4h	34.725	−0.042%	$38K	$184K	10x	as long as short