Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Phemex−0.187%7-day average — · you buy dearer than you sell

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

Long on Phemex 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 0.187% cheaper against Phemex than usual: you would sell low and buy high (spread −0.187% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 19 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXSUSDT	35.370	0	get 0.0000% / 8h	2h 09m	$1.2M	$1.9M	20x
Short	Lighter SOXS	35.304	0.0032	get 0.0004% / 1h	9m 49s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phemex. 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 PhemexbpFee LighterbpOrdersPrice spread, now −0.187%Rate

Funding earned: $6.72
Price spread: −0.187% → 0.000%: −$18.66
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.94
Costs to cover: 0.120%
Break-even: 31.9 days

Slippage unknown: Phemex: live order book, 3 min ago; 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 Phemex live order book, 3 min ago	2.82 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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
Bybit SOXSUSDT	0.0000%	8h	35.300	−0.198%	$4.2M	$11.3M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.310	−0.170%	$2.2M	$11.7M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.310	−0.170%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.410	+0.113%	$11K	$24K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	35.370	long leg	$1.2M	$1.9M	20x
Lighter SOXSshort	+0.0032%	1h	35.304	−0.187%	—	—	10x
Variational Omni SOXS	+0.0117%	8h	35.389	+0.053%	$451K	$712K	—	as long as short
BloFin SOXS-USDT	+0.0127%	8h	35.360	−0.028%	$183K	$60K	25x	as long as short
Binance SOXSUSDT	+0.0142%	8h	35.295	−0.211%	$15.1M	$191.5M	25x	as long as short
MEXC SOXS_USDT	+0.0144%	8h	35.330	−0.113%	$10.4M	$13.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX SOXSUSDC	+0.0149%	4h	35.542	+0.485%	$39K	$175K	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0192%	8h	35.290	−0.226%	$2.9M	$20.2M	25x	as long as short
KuCoin SOXSUSDTM	+0.0259%	8h	35.300	−0.198%	$684K	$2.7M	10x	as long as short
Kraken Futures PF_SOXSUSD	+0.0820%	1h	35.297	−0.206%	$8K	$32K	20x	as long as short
Bitget SOXSUSDT	+0.2128%	8h	35.296	−0.209%	$5.8M	$19.0M	20x	as long as short