Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1412%/8h= +154.7% APRnext payment +$1.77 per $10,000 · paid last 24h —

Price spread now: Lighter against Kraken Futures−0.215%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 0.215% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.215% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 12 hours of funding at the current rate (+$42 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	33.762	−0.1380	get 0.0173% / 1h	0m 18s	$8K	$32K	20x
Short	Lighter SOXS	33.689	0.0032	get 0.0004% / 1h	0m 18s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now −0.215%Rate

Funding earned: $296.6
Price spread: −0.215% → 0.000%: −$21.52
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $265.07
Costs to cover: 0.100%
Break-even: 0.7 days

Slippage unknown: Kraken Futures: no order-book sample; 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Kraken Futures and 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_SOXSUSDlong	−0.1380%	1h	33.762	long leg	$8K	$32K	20x
Bitget SOXSUSDT	−0.0906%	8h	33.811	+0.146%	$5.9M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	33.781	+0.057%	$14.9M	$171.9M	25x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	33.810	+0.143%	$2.5M	$16.3M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	33.780	+0.054%	$2.0M	$9.8M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	33.770	+0.025%	$9.5M	$12.3M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	33.769	+0.022%	$412K	$625K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.770	+0.025%	—	$4.6M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	33.830	+0.202%	$10K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	33.800	+0.114%	$1.2M	$1.9M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0006%	8h	33.790	+0.084%	$165K	$54K	25x	as long as short
Lighter SOXSshort	+0.0032%	1h	33.689	−0.215%	—	—	10x
KuCoin SOXSUSDTM	+0.0100%	8h	33.810	+0.143%	$730K	$2.3M	10x	as long as short
Bybit SOXSUSDT	+0.0161%	8h	33.800	+0.114%	$4.0M	$10.6M	50x	as long as short
edgeX SOXSUSDC	+0.0237%	4h	33.809	+0.139%	$37K	$182K	10x	as long as short