Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.011%
Price spread now: Phemex against Lighter+0.159%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1161.159% of the position
Funding, last 7 days−0.275%−$27 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.159%, 7d avg +0.059%
=Together, before fees−0.461%+ Points / potential airdropLighter: Season 3 · farm board−$46 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.100% dearer against Lighter than usual: you sell high and buy low (spread +0.159% now, against its 7-day average of +0.059%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.275% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SOXL | 138.60 | 0.0032 | pay 0.0004% / 1h | 15m 21s | $684K | $2.4M | 20x |
| Short | Phemex SOXLUSDT | 138.82 | 0 | get 0.0000% / 8h | 1h 15m | $2.3M | $1.2M | 10x |
Lighter SOXL
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Lighter. 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
- −$6.72
- Price spread: +0.159% → +0.059%
- $9.98
- Slippage, 4 orders
- −$103.86
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$112.6
- Costs to cover
- 1.159%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; Phemex: live order book, 3 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, 12 min ago | 2.52 bp | 5.4 bp −$5 | 13.4 bp −$134 | 105.7 bp −$10.6K | doesn't fit |
| Sell Phemex live order book, 3 min ago | 0.36 bp | 51.8 bp −$52 | doesn't fit | 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 | −0.2367% | 8h | 138.76 | +0.115% | $60.4M | $140.3M | 20x | as long as short |
| BloFin SOXL-USDT | −0.0026% | 8h | 139.16 | +0.404% | $1.3M | $468K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.48 | −0.087% | $204K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.54 | −0.041% | $42K | $340K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.51 | −0.065% | $163.3M | $1.47B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 138.52 | −0.058% | $46.0M | $230.6M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.58 | −0.014% | $26.4M | $226.7M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.56 | −0.029% | $28.2M | $50.2M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.58 | −0.014% | $16.5M | $55.6M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.84 | +0.174% | $1.9M | $5.5M | — | as long as short |
Bitget SOXLUSDT
BloFin SOXL-USDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 138.99 | +0.282% | $65K | $203K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 138.92 | +0.231% | $2K | $4.3M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 138.82 | +0.159% | $108K | $364K | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 139.34 | +0.534% | $87K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 138.82 | +0.159% | $2.3M | $1.2M | 10x | |
| Lighter SOXLlong | +0.0032% | 1h | 138.60 | long leg | $684K | $2.4M | 20x | |
| Lighter RH SOXL | +0.0032% | 1h | 138.59 | −0.007% | $267K | $1.7M | 20x | as long as short |
| QFEX SOXL-USD | +0.0046% | 1h | 138.60 | 0.000% | $256K | $266K | 30x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 138.44 | −0.115% | $21.1M | $30.3M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 139.00 | +0.289% | $212K | $482K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.58 | −0.014% | $6.6M | $11.0M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 139.17 | +0.411% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.50 | −0.072% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.53 | −0.051% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 139.23 | +0.455% | $952K | $3.2M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0245% | 1h | 138.66 | +0.043% | $9K | $292K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0433% | 1h | 138.80 | +0.143% | $81K | $299K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0670% | 4h | 139.22 | +0.445% | $173K | $332K | 10x | as long as short |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
HTX SOXL-USDT
Lighter RH SOXL
QFEX SOXL-USD
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
Kraken Futures PF_SOXLUSD
edgeX SOXLUSDC