Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0679%/8h= +74.4% APRnext payment +$0.85 per $10,000 · paid last 24h —

Price spread now: Kraken Futures against Lighter+0.138%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 Kraken Futures

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 for this trade now. Funding pays +$20 a day on $10k at the current rate, and Kraken Futures is 0.138% dearer against Lighter than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOXS	34.920	0.0032	pay 0.0004% / 1h	37m 14s	—	—	10x
Short	Kraken Futures PF_SOXSUSD	34.968	0.0711	get 0.0089% / 1h	37m 14s	$8K	$32K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.138%Rate

Funding earned: $142.61
Price spread: +0.138% → 0.000%: $13.78
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $146.39
Costs to cover: 0.100%
Break-even: from the start

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

Lighter and Kraken Futures: 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
Gate SOXS_USDT	0.0000%	8h	34.990	+0.200%	$2.2M	$10.8M	25x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.952	+0.092%	$6.1M	$16.6M	20x	as long as short
SunX SOXS-USDT	0.0000%	8h	34.950	+0.086%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.990	+0.200%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.950	+0.086%	$1.2M	$1.9M	20x	as long as short
Lighter SOXSlong	+0.0032%	1h	34.920	long leg	—	—	10x
Variational Omni SOXS	+0.0099%	8h	34.759	−0.461%	$442K	$619K	—	as long as short
MEXC SOXS_USDT	+0.0119%	8h	34.930	+0.029%	$10.8M	$12.8M	50x	as long as short
Binance SOXSUSDT	+0.0119%	8h	34.944	+0.068%	$15.1M	$177.4M	25x	as long as short
BloFin SOXS-USDT	+0.0121%	8h	34.960	+0.115%	$196K	$56K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOXSUSDT	+0.0134%	8h	34.960	+0.115%	$4.3M	$10.7M	50x	as long as short
KuCoin SOXSUSDTM	+0.0311%	8h	34.960	+0.115%	$672K	$2.5M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0327%	8h	34.950	+0.086%	$3.2M	$18.3M	25x	as long as short
edgeX SOXSUSDC	+0.0435%	4h	34.954	+0.098%	$38K	$177K	10x	as long as short
Kraken Futures PF_SOXSUSDshort	+0.0711%	1h	34.968	+0.138%	$8K	$32K	20x