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Funding arb · Price arb /

SOFI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.037%
Price spread now: Paragon against Lighter RH−0.073%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Lighter RHShort on Paragon
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Funding pays, the price is against you. Paragon is 0.073% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.6 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH SOFI17.0150.0032pay 0.0004% / 1h39m 16s$31K$17K10x
ShortParagon para:SOFI17.0030.0099get 0.0012% / 1h39m 16s$100K$44K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paragon against Lighter RH. 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

Funding earned
$14.07
Price spread: −0.073% → 0.000%
−$7.29
Slippage, 4 orders
no order book: not counted
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Paragon: 5 bp × 2 orders
−$10
Net
−$3.22
Costs to cover
0.100%
Break-even
8.6 days
Slippage unknown: Lighter RH: no order-book sample; Paragon: live order book, 56 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH no order-book sample—————
Sell Paragon live order book, 56 min ago24.42 bp29.4 bp −$29161.4 bp −$1,614doesn't fitdoesn't fit
Lighter RH: 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.

SOFI on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SOFIUSDC−0.0090%4h17.022+0.039%$12K$243K10xas long as short
Bybit SOFIUSDT0.0000%8h17.050+0.206%$541K$832K25xas long as short
Gate SOFI_USDT0.0000%8h17.018+0.018%$159K$13K20xas long as short
Bitget SOFIUSDT0.0000%8h16.997−0.106%$537K$154K20xas long as short
Lighter RH SOFIlong+0.0032%1h17.015long leg$31K$17K10x
Injective SOFI/USDC PERP+0.0033%1h17.080+0.382%$16K$20K5.5xas long as short
Extended SOFI-USD+0.0040%1h16.995−0.118%$2K$3635xas long as short
Paragon para:SOFIshort+0.0099%1h17.003−0.073%$100K$44K10x
Binance SOFIUSDT+0.0965%8h17.015+0.001%$1.6M$709K25xas long as short