Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0387%/8h= −42.3% APRpaid last 24h −0.061%

Price spread now: Lighter against edgeX−0.127%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.211%−$21 on $10k

Price spread, last 3 days (all we have)+0.015%+$2 · spread now −0.127%, 7d avg −0.031%

Together, before fees−0.196%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Lighter is 0.096% cheaper against edgeX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.211% in total (about -11.0% a year). A funding rate is set anew for every payment. 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	edgeX SOXLUSDC	142.59	0.0419	pay 0.0209% / 4h	1h 47m	$178K	$320K	10x
Short	Lighter SOXL	142.41	0.0032	get 0.0004% / 1h	47m 18s	$767K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$81.18
Price spread: −0.127% → −0.031%: −$9.62
Slippage, 4 orders: −$43.17
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$142.97
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from edgeX: live order book, 36 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 edgeX live order book, 36 min ago	20.72 bp	25.8 bp −$26	30.7 bp −$307	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.35 bp	0.5 bp $0	3.3 bp −$33	81.4 bp −$8,139	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
BloFin SOXL-USDT	−0.0005%	8h	142.50	−0.064%	$1.2M	$519K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	142.46	−0.092%	$213K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	142.45	−0.100%	$25K	$336K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	142.44	−0.106%	$165.9M	$1.20B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	142.48	−0.078%	$24.9M	$186.2M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	142.46	−0.092%	$25.6M	$40.1M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	142.47	−0.085%	$16.4M	$45.6M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	142.46	−0.092%	$59.1M	$110.2M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	142.63	+0.029%	$2.2M	$5.0M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	142.66	+0.047%	$70K	$196K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXL-USDT	0.0000%	8h	142.45	−0.099%	$2K	$4.8M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	142.51	−0.057%	$190K	$534K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	142.49	−0.071%	$2.5M	$1.2M	10x	as long as short
Bybit SOXLUSDT	+0.0017%	8h	142.52	−0.050%	$50.4M	$183.0M	100x	as long as short
Lighter SOXLshort	+0.0032%	1h	142.41	−0.127%	$767K	$2.7M	20x
Lighter RH SOXL	+0.0032%	1h	142.43	−0.113%	$323K	$2.0M	20x	as long as short
QFEX SOXL-USD	+0.0038%	1h	142.47	−0.085%	$303K	$259K	30x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	142.44	−0.106%	$25.5M	$23.4M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	142.47	−0.085%	$205K	$889K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	142.45	−0.099%	$6.7M	$11.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	142.46	−0.092%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	142.46	−0.092%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	142.46	−0.093%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0136%	1h	142.63	+0.027%	$747K	$2.6M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0219%	1h	142.56	−0.022%	$6K	$265K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0241%	1h	142.49	−0.071%	$116K	$380K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0302%	1h	142.31	−0.197%	$88K	$311K	20x	as long as short
edgeX SOXLUSDClong	+0.0419%	4h	142.59	long leg	$178K	$320K	10x