SOXL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0405%/8h= −44.3% APRnext payment −$0.51 per $10,000 · paid last 24h −0.053%

Price spread now: Lighter RH against Kraken Futures+0.047%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$710.715% of the position

Long on Kraken Futures Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.047%, 7d avg +0.074%

Together, before fees+0.236%+ Points / potential airdropLighter RH: Points live · farm board+$24 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 RH is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.074%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.223%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.223% in total (about 11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 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	Kraken Futures PF_SOXLUSD	137.72	0.0437	pay 0.0055% / 1h	38m 23s	$83K	$296K	20x
Short	Lighter RH SOXL	137.79	0.0032	get 0.0004% / 1h	38m 23s	$267K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Kraken Futures. 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 Kraken FuturesbpFee Lighter RHbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$84.95
Price spread: +0.047% → +0.074%: −$2.69
Slippage, 4 orders: −$61.46
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$159.1
Costs to cover: 0.715%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Lighter RH: live order book, 4 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 Kraken Futures live order book, 4 min ago	5.43 bp	35.4 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.81 bp	3.0 bp −$3	13.0 bp −$130	doesn't fit	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	−0.2486%	8h	137.98	+0.185%	$59.7M	$138.6M	20x	as long as short
BloFin SOXL-USDT	−0.0003%	8h	137.87	+0.106%	$1.3M	$463K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	137.75	+0.018%	$203K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	137.81	+0.059%	$35K	$316K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	137.74	+0.014%	$163.4M	$1.46B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	137.79	+0.047%	$45.9M	$229.3M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	137.80	+0.055%	$26.3M	$224.3M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	137.86	+0.098%	$28.0M	$49.4M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	137.76	+0.026%	$17.0M	$55.1M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	138.16	+0.317%	$1.9M	$5.4M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SOXL_USDT_Perp	0.0000%	8h	138.16	+0.315%	$63K	$204K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	137.83	+0.077%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	138.17	+0.323%	$86K	$1.3M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	137.98	+0.185%	$2.3M	$1.2M	10x	as long as short
Lighter SOXL	+0.0032%	1h	137.82	+0.069%	$687K	$2.3M	20x	as long as short
Lighter RH SOXLshort	+0.0032%	1h	137.79	+0.047%	$267K	$1.7M	20x
QFEX SOXL-USD	+0.0046%	1h	137.84	+0.084%	$254K	$266K	30x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	137.61	−0.083%	$21.2M	$29.9M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	138.05	+0.236%	$210K	$492K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	137.81	+0.062%	$6.6M	$10.9M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	138.06	+0.244%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	137.86	+0.098%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	137.84	+0.085%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	138.34	+0.447%	$943K	$3.1M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0288%	1h	137.84	+0.084%	$9K	$292K	10x	as long as short
Kraken Futures PF_SOXLUSDlong	+0.0437%	1h	137.72	long leg	$83K	$296K	20x
Deribit SOXL_USDC-PERPETUAL	+0.0548%	1h	137.93	+0.149%	$117K	$353K	10x	as long as short
edgeX SOXLUSDC	+0.0588%	4h	138.14	+0.305%	$172K	$330K	10x	as long as short