Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h —

Price spread now: Lighter against Variational Omni+0.112%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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 airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.112% dearer against Variational Omni than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOXS	35.929	0.0118	pay 0.0118% / 8h	1h 38m	$464K	$717K	—
Short	Lighter SOXS	35.969	0.0032	get 0.0004% / 1h	38m 46s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$18.01
Price spread: +0.112% → 0.000%: $11.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.8
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	4.05 bp	doesn't fit	9.4 bp −$94	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
edgeX SOXSUSDC	−0.0660%	4h	35.924	−0.013%	$39K	$175K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0028%	1h	35.988	+0.165%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.990	+0.171%	$4.2M	$11.4M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.990	+0.171%	$2.2M	$11.9M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.980	+0.143%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	36.050	+0.338%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.970	+0.115%	$1.3M	$1.9M	20x	as long as short
Lighter SOXSshort	+0.0032%	1h	35.969	+0.112%	—	—	10x
Variational Omni SOXSlong	+0.0118%	8h	35.929	long leg	$464K	$717K	—
MEXC SOXS_USDT	+0.0157%	8h	35.970	+0.115%	$12.1M	$14.0M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDT	+0.0157%	8h	35.970	+0.115%	$15.5M	$194.3M	25x	as long as short
OKX SOXS-USDT-SWAP	+0.0159%	8h	35.970	+0.115%	$3.0M	$20.9M	25x	as long as short
BloFin SOXS-USDT	+0.0181%	8h	35.950	+0.059%	$187K	$62K	25x	as long as short
KuCoin SOXSUSDTM	+0.0233%	8h	35.980	+0.143%	$700K	$2.7M	10x	as long as short
Bitget SOXSUSDT	+0.2274%	8h	35.927	−0.005%	$6.0M	$19.3M	20x	as long as short