Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Variational Omni against Lighter+0.412%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.412% dearer against Lighter than usual: you sell high and buy low (spread +0.412% now, against zero (this spread has no 7-day history yet)): +$41 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 43 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOXS	35.440	0.0032	pay 0.0004% / 1h	43m 31s	—	—	10x
Short	Variational Omni SOXS	35.586	0	get 0.0000% / 8h	4h 43m	$430K	$754K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.412%Rate

Funding earned: −$6.72
Price spread: +0.412% → 0.000%: $41.18
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $34.46
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Variational Omni: RFQ quote, 64 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 Variational Omni RFQ quote, 64 min ago	4.12 bp	doesn't fit	9.8 bp −$98	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	−0.0235%	1h	35.443	+0.010%	$13K	$35K	20x	as long as short
BloFin SOXS-USDT	−0.0013%	8h	35.530	+0.254%	$173K	$77K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.480	+0.113%	$14.1M	$222.5M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.470	+0.085%	$3.8M	$12.6M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.480	+0.113%	$2.6M	$26.0M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.470	+0.085%	$2.1M	$16.7M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.460	+0.056%	$11.8M	$16.1M	50x	as long as short
Variational Omni SOXSshort	0.0000%	8h	35.586	+0.412%	$430K	$754K	—
SunX SOXS-USDT	0.0000%	8h	35.460	+0.056%	—	$3.7M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.600	+0.451%	$12K	$22K	10x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	35.500	+0.169%	$1.2M	$1.8M	20x	as long as short
Lighter SOXSlong	+0.0032%	1h	35.440	long leg	—	—	10x
KuCoin SOXSUSDTM	+0.0100%	8h	35.500	+0.169%	$681K	$3.1M	10x	as long as short
edgeX SOXSUSDC	+0.0172%	4h	35.543	+0.291%	$39K	$172K	10x	as long as short
Bitget SOXSUSDT	+0.0376%	8h	35.460	+0.056%	$5.4M	$23.9M	20x	as long as short