Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h −0.011%

Price spread now: HTX against Lighter−0.123%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.123%, 7d avg +0.068%

Together, before fees−0.003%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.191% cheaper against Lighter than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of +0.068%). If the spread goes back, that is −$19 on $10k: about 3.2 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% 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	Lighter SOXL	146.58	0.0048	pay 0.0006% / 1h	47m 53s	$820K	$2.6M	20x
Short	HTX SOXL-USDT	146.40	0.0245	get 0.0245% / 8h	7h 47m	$184K	$592K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.123%Rate

Funding earned: $41.46
Price spread: −0.123% → +0.068%: −$19.11
Slippage, 4 orders: −$17.94
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$7.59
Costs to cover: 0.299%
Break-even: 8.3 days

Slippage from Lighter: live order book, 4 min ago; HTX: live order book, 26 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 Lighter live order book, 4 min ago	2.06 bp	4.6 bp −$5	6.6 bp −$66	81.6 bp −$8,158	doesn't fit
Sell HTX live order book, 26 min ago	3.46 bp	11.5 bp −$11	11.7 bp −$117	29.9 bp −$2,991	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
Aster SOXLUSDT	0.0000%	8h	146.31	−0.185%	$217K	$1.6M	50x	as long as short
Gate SOXL_USDT	0.0000%	8h	146.56	−0.014%	$28.2M	$38.3M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	146.46	−0.082%	$1K	$4.6M	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	146.48	−0.068%	$2.5M	$1.2M	10x	as long as short
Bitget SOXLUSDT	+0.0015%	8h	146.54	−0.027%	$62.1M	$109.6M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	146.48	−0.068%	$346K	$1.8M	20x	as long as short
Variational Omni SOXL	+0.0043%	8h	145.75	−0.565%	$2.2M	$5.0M	—	as long as short
Lighter SOXLlong	+0.0048%	1h	146.58	long leg	$820K	$2.6M	20x
OKX SOXL-USDT-SWAP	+0.0061%	8h	146.57	−0.007%	$25.7M	$185.8M	20x	as long as short
QFEX SOXL-USD	+0.0070%	1h	146.65	+0.048%	$271K	$271K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXL-USDT	+0.0075%	8h	146.56	−0.014%	$1.3M	$490K	50x	as long as short
MEXC SOXL_USDT	+0.0088%	8h	146.53	−0.034%	$14.0M	$46.9M	200x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0092%	1h	146.43	−0.102%	$119K	$276K	10x	as long as short
Binance SOXLUSDT	+0.0094%	8h	146.60	+0.015%	$176.4M	$1.20B	50x	as long as short
Extended SOXL-USD	+0.0096%	1h	146.54	−0.024%	$25K	$318K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.37	−0.143%	$7.0M	$10.6M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	145.71	−0.594%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.51	−0.048%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.18	−0.274%	$6K	—	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0117%	1h	146.56	−0.014%	$240K	$768K	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.02	−0.382%	$1.1M	$2.2M	10x	as long as short
HTX SOXL-USDTshort	+0.0245%	8h	146.40	−0.123%	$184K	$592K	50x
Kraken Futures PF_SOXLUSD	+0.0425%	1h	146.47	−0.077%	$90K	$304K	20x	as long as short
Bybit SOXLUSDT	+0.0547%	8h	146.60	+0.014%	$52.7M	$179.2M	100x	as long as short
tradeXYZ xyz:SOXL	+0.0591%	1h	146.53	−0.034%	$26.7M	$20.8M	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0649%	8h	145.24	−0.913%	$71K	$157K	10x	as long as short
edgeX SOXLUSDC	+0.0699%	4h	145.28	−0.886%	$181K	$321K	10x	as long as short
Polymarket Perps SOXL-USD	+0.1071%	1h	146.70	+0.082%	$5K	$266K	10x	as long as short