Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Binance against Lighter+0.035%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 Binance

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. Binance is 0.035% dearer against Lighter than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOXS	33.799	0.0032	pay 0.0004% / 1h	48m 03s	—	—	10x
Short	Binance SOXSUSDT	33.811	0	get 0.0000% / 8h	7h 48m	$15.1M	$170.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.035%Rate

Funding earned: −$6.72
Price spread: +0.035% → 0.000%: $3.52
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.2
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 10 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 Binance live order book, 10 min ago	1.46 bp	6.5 bp −$6	14.3 bp −$143	63.3 bp −$6,328	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
Kraken Futures PF_SOXSUSD	−0.1380%	1h	33.779	−0.060%	$8K	$32K	20x	as long as short
Gate SOXS_USDT	−0.0514%	8h	33.830	+0.092%	$2.2M	$9.1M	25x	as long as short
BloFin SOXS-USDT	−0.0029%	8h	33.880	+0.240%	$163K	$54K	25x	as long as short
Binance SOXSUSDTshort	0.0000%	8h	33.811	+0.035%	$15.1M	$170.4M	25x
OKX SOXS-USDT-SWAP	0.0000%	8h	33.840	+0.121%	$2.5M	$15.8M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	33.820	+0.062%	$9.8M	$11.9M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	33.825	+0.077%	$5.8M	$16.3M	20x	as long as short
Variational Omni SOXS	0.0000%	8h	34.020	+0.653%	$296K	$534K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.830	+0.092%	—	$4.6M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	33.820	+0.062%	$11K	$22K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	33.850	+0.151%	$1.2M	$1.9M	20x	as long as short
Lighter SOXSlong	+0.0032%	1h	33.799	long leg	—	—	10x
Bybit SOXSUSDT	+0.0086%	8h	33.810	+0.033%	$3.9M	$10.4M	50x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	33.850	+0.151%	$736K	$2.2M	10x	as long as short
edgeX SOXSUSDC	+0.0979%	4h	34.163	+1.077%	$37K	$183K	10x	as long as short