Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Gate against Lighter+0.028%7-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 Gate

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

The price spread pays, funding is against you. Gate is 0.028% dearer against Lighter than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOXS	35.920	0.0032	pay 0.0004% / 1h	40m 01s	—	—	10x
Short	Gate SOXS_USDT	35.930	0	get 0.0000% / 8h	1h 40m	$2.2M	$11.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$6.72
Price spread: +0.028% → 0.000%: $2.78
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$18.94
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	4.18 bp	11.7 bp −$12	27.5 bp −$275	93.7 bp −$9,371	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 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	−0.0703%	4h	35.934	+0.038%	$39K	$177K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0028%	1h	35.899	−0.060%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.960	+0.111%	$4.2M	$11.4M	50x	as long as short
Gate SOXS_USDTshort	0.0000%	8h	35.930	+0.028%	$2.2M	$11.8M	25x
SunX SOXS-USDT	0.0000%	8h	35.890	−0.084%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.880	−0.111%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.960	+0.111%	$1.3M	$1.9M	20x	as long as short
Lighter SOXSlong	+0.0032%	1h	35.920	long leg	—	—	10x
Variational Omni SOXS	+0.0118%	8h	35.929	+0.024%	$464K	$717K	—	as long as short
BloFin SOXS-USDT	+0.0151%	8h	35.920	0.000%	$187K	$62K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXS_USDT	+0.0157%	8h	35.940	+0.056%	$12.1M	$14.0M	50x	as long as short
Binance SOXSUSDT	+0.0158%	8h	35.950	+0.084%	$15.4M	$194.2M	25x	as long as short
OKX SOXS-USDT-SWAP	+0.0162%	8h	35.970	+0.139%	$3.0M	$20.9M	25x	as long as short
KuCoin SOXSUSDTM	+0.0233%	8h	35.910	−0.028%	$697K	$2.7M	10x	as long as short
Bitget SOXSUSDT	+0.2257%	8h	35.911	−0.025%	$6.0M	$19.3M	20x	as long as short