Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0111%/8h= +12.2% APRpaid last 24h —

Price spread now: edgeX against Lighter+0.654%109s7-day average — · you sell dearer than you buy

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

Long on Lighter Short on edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.654% dearer against Lighter than usual: you sell high and buy low: +$65 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOXS	35.015	0.0032	pay 0.0004% / 1h	59m 37s	—	—	10x
Short	edgeX SOXSUSDC	35.244	0.0143	get 0.0071% / 4h	1h 59m	$38K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter. 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 LighterbpFee edgeXbpOrdersPrice spread, now +0.654%Rate

Funding earned: $23.31
Price spread: +0.654% → 0.000%: $65.43
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $79.74
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; edgeX: live order book, 50 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell edgeX live order book, 50 min ago	8.39 bp	14.1 bp −$14	39.1 bp −$391	doesn't fit	doesn't fit

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	−0.0155%	1h	34.968	−0.133%	$12K	$35K	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.050	+0.101%	$13.2M	$215.9M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.100	+0.243%	$3.9M	$12.3M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.100	+0.243%	$2.6M	$24.3M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.070	+0.157%	$2.0M	$16.4M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.080	+0.186%	$9.9M	$15.6M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.147	+0.376%	$437K	$731K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.040	+0.071%	—	$3.9M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.240	+0.643%	$12K	$26K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.050	+0.100%	$1.2M	$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	+0.0007%	8h	35.150	+0.386%	$174K	$71K	25x	as long as short
Lighter SOXSlong	+0.0032%	1h	35.015	long leg	—	—	10x
KuCoin SOXSUSDTM	+0.0100%	8h	35.090	+0.214%	$671K	$3.0M	10x	as long as short
edgeX SOXSUSDCshort	+0.0143%	4h	35.244	+0.654%	$38K	$172K	10x
Bitget SOXSUSDT	+0.0918%	8h	35.086	+0.203%	$5.3M	$22.8M	20x	as long as short