Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h —

Price spread now: Lighter against Bybit−0.141%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.141% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOXSUSDT	35.510	0.0051	pay 0.0051% / 8h	3h 03m	$4.3M	$11.0M	50x
Short	Lighter SOXS	35.460	0.0032	get 0.0004% / 1h	3m 11s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$4.02
Price spread: −0.141% → 0.000%: −$14.08
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$29.1
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	2.82 bp	14.7 bp −$15	20.2 bp −$202	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 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	−0.0982%	4h	35.378	−0.370%	$39K	$177K	10x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.490	−0.056%	$2.2M	$11.3M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.510	0.000%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.470	−0.113%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.480	−0.084%	$1.2M	$1.9M	20x	as long as short
Lighter SOXSshort	+0.0032%	1h	35.460	−0.141%	—	—	10x
Bybit SOXSUSDTlong	+0.0051%	8h	35.510	long leg	$4.3M	$11.0M	50x
Variational Omni SOXS	+0.0125%	8h	35.309	−0.567%	$451K	$663K	—	as long as short
BloFin SOXS-USDT	+0.0140%	8h	35.510	0.000%	$189K	$58K	25x	as long as short
MEXC SOXS_USDT	+0.0145%	8h	35.490	−0.056%	$12.2M	$13.1M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDT	+0.0147%	8h	35.500	−0.028%	$14.9M	$183.5M	25x	as long as short
OKX SOXS-USDT-SWAP	+0.0294%	8h	35.520	+0.028%	$3.0M	$19.4M	25x	as long as short
KuCoin SOXSUSDTM	+0.0308%	8h	35.490	−0.056%	$682K	$2.6M	10x	as long as short
Kraken Futures PF_SOXSUSD	+0.0701%	1h	35.466	−0.124%	$8K	$32K	20x	as long as short
Bitget SOXSUSDT	+0.1280%	8h	35.491	−0.054%	$5.9M	$17.1M	20x	as long as short