Funding you earn now, next payment 08:00 UTC−0.0327%/8h= −35.8% APRnext payment −$0.41 per $10,000 · paid last 24h −0.036%
Price spread now: Lighter against Deribit+0.014%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 4 days (all we have)−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.014%, 7d avg −0.033%
=Together, before fees−0.040%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.047% dearer against Deribit than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.033%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 4 days (−0.053% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.053% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SOXL_USDC-PERPETUAL | 138.83 | 0.0399 | pay 0.0050% / 1h | 36m 31s | $108K | $358K | 10x |
| Short | Lighter SOXL | 138.85 | 0.0072 | get 0.0009% / 1h | 36m 31s | $674K | $2.4M | 20x |
Deribit SOXL_USDC-PERPETUAL
Lighter SOXLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$68.61
- Price spread: +0.014% → −0.033%
- $4.73
- Slippage, 4 orders
- −$27.74
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$98.62
- Costs to cover
- 0.347%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 min ago; Lighter: live order book, 5 min ago.
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 Deribit live order book, 2 min ago | 8.65 bp | 15.0 bp −$15 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 1.44 bp | 2.4 bp −$2 | 5.5 bp −$55 | 61.7 bp −$6,170 | doesn't fit |
SOXL on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SOXLUSDT | −0.2011% | 8h | 139.02 | +0.137% | $60.7M | $141.9M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.83 | −0.003% | $197K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.78 | −0.035% | $53K | $353K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.82 | −0.007% | $163.4M | $1.47B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 138.85 | +0.014% | $46.1M | $226.4M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.80 | −0.022% | $26.1M | $228.3M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.81 | −0.014% | $28.1M | $50.0M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.86 | +0.022% | $15.9M | $55.0M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 139.24 | +0.294% | $1.9M | $5.5M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 138.91 | +0.058% | $64K | $202K | 10x | as long as short |
Bitget SOXLUSDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXL
GRVT SOXL_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SOXL-USDT | 0.0000% | 8h | 138.80 | −0.022% | $1K | $4.2M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 138.78 | −0.036% | $87K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 138.83 | 0.000% | $2.3M | $1.2M | 10x | as long as short |
| BloFin SOXL-USDT | +0.0018% | 8h | 138.83 | 0.000% | $1.3M | $469K | 50x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.80 | −0.022% | $263K | $1.7M | 20x | as long as short |
| QFEX SOXL-USD | +0.0035% | 1h | 138.81 | −0.014% | $256K | $264K | 30x | as long as short |
| edgeX SOXLUSDC | +0.0049% | 4h | 138.81 | −0.015% | $173K | $331K | 10x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 138.75 | −0.058% | $21.1M | $30.3M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.87 | +0.029% | $211K | $460K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0072% | 1h | 138.71 | −0.084% | $81K | $300K | 20x | as long as short |
| Lighter SOXLshort | +0.0072% | 1h | 138.85 | +0.014% | $674K | $2.4M | 20x | |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.85 | +0.014% | $6.6M | $11.0M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 139.10 | +0.194% | $36K | $142K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.79 | −0.029% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.76 | −0.054% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 139.02 | +0.137% | $952K | $3.1M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0234% | 1h | 138.82 | −0.007% | $9K | $292K | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALlong | +0.0399% | 1h | 138.83 | long leg | $108K | $358K | 10x |
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
BloFin SOXL-USDT
Lighter RH SOXL
QFEX SOXL-USD
edgeX SOXLUSDC
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
Kraken Futures PF_SOXLUSD
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD