Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h —

Price spread now: KuCoin against Lighter+0.240%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 KuCoin

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 +$2 a day on $10k at the current rate, and KuCoin is 0.240% dearer against Lighter than usual: you sell high and buy low: +$24 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	33.719	0.0032	pay 0.0004% / 1h	59m 54s	—	—	10x
Short	KuCoin SOXSUSDTM	33.800	0.0100	get 0.0100% / 8h	6h 59m	$729K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.240%Rate

Funding earned: $14.28
Price spread: +0.240% → 0.000%: $24.02
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $26.3
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	2.96 bp	32.7 bp −$33	doesn't fit	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 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	−0.1381%	1h	33.754	+0.105%	$8K	$32K	20x	as long as short
Bitget SOXSUSDT	−0.0906%	8h	33.824	+0.311%	$5.9M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	33.788	+0.205%	$14.9M	$171.9M	25x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	33.840	+0.359%	$2.5M	$16.3M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	33.780	+0.181%	$2.0M	$9.8M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	33.780	+0.181%	$9.5M	$12.3M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	33.769	+0.149%	$412K	$625K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.780	+0.181%	—	$4.6M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	33.830	+0.329%	$10K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	33.790	+0.211%	$1.2M	$1.9M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0006%	8h	33.790	+0.211%	$165K	$54K	25x	as long as short
Lighter SOXSlong	+0.0032%	1h	33.719	long leg	—	—	10x
KuCoin SOXSUSDTMshort	+0.0100%	8h	33.800	+0.240%	$729K	$2.3M	10x
Bybit SOXSUSDT	+0.0161%	8h	33.820	+0.300%	$4.0M	$10.5M	50x	as long as short
edgeX SOXSUSDC	+0.0237%	4h	33.809	+0.266%	$37K	$182K	10x	as long as short