Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 53.595 | +0.0032 | pay 0.0004% / 1h | 16m 19s | $2.6M | $14.3M | 20x | Long Lighter7d free | |
| SHORT | 53.504 | +0.0155 | get 0.0155% / 8h | 16m 19s | $3.2M | $13.3M | 20x | Short Variational Omni+15% pts |
Price gap−0.169%
Funding gap+0.0123% /8h
Funding pays +$4 a day on $10k, but the gap is 0.174% under its 7d average: −$17 if it goes back, about 4.7 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$31+0.0123% /8h now · paid −0.315% over the last 7D
Price−$17spread −0.169% now, avg +0.005% → −0.174% if it goes back
Costs−$190.187% of $10k · taker + slippage, in and out
Result−$68−0.68%+ Points / potential airdropLighter: Season 3 · Variational Omni: points · farm board
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.169%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSOXL on 32 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books6.5 / 3.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Lighter 20x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.70Long Lighter: 24 payments, −$0.96; short Variational Omni: 3 payments, +$4.66.
- Watch: Gap narrower than usual−0.169% vs +0.005%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Long leg is thinner$2.6M vs $3.2M OIBoth legs are deep; Lighter is the smaller one.
- OK: Points on a legLighter Season 3 · Variational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legLighter No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0150%/8h × 21 periods−$31.46
Price spread−0.169% → +0.005% (7d avg)−$17.43
Slippage, 4 orderslive order books−$18.66
Fee Lighter bp × 2 orders$0.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$67.54
Costs to cover0.187%Break-evennever at this rate
Slippage: Lighter: live order book, 8 min ago; Variational Omni: RFQ quote, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter2.796.5 bp−$710.1 bp−$10133.4 bp−$3,339doesn’t fit
SELL · SHORTVariational Omni3.303.3 bp−$33.3 bp−$3311.8 bp−$1,180doesn’t fit
Closing costs about the same again.
SOXL news
posts that mention SOXL or Direxion Semiconductor Bull 3x, from every exchange| 11-06 04:20 | RISEx | Listing | October vs September, it is up across all metrics: • Total volume: $14.63B (+33%) • Peak 24h volume: $258M (+68%) • RWA volume: $3.65B (+45%) • Peak open interest: $87.4M (+22%) • Active accounts: 13,126 (+12%) • Peak daily active users: 3,902 (+22%) • Fees: $3.57M (+23%) • Average trader size: $970 13 new listings: 6 RWA and 7 crypto RWA: $GOOGL $META $SOXL $LLY $CRWV $EWZ Crypto: $XMR $ENA $ZRO $WLD $MON $STRK $CHIP Together, they have done $164M in volume since listing. Also in October: • TWAP and Scale orders shipped • $MU dividend paid out to holders • Impact Pool: 5 rounds with $900M+ in crossing volume and 440+ big traders rewarded • Kingmaker Cup: Groups B and C kicked off • Community meetups and Trader private dinners at KBW and TOKEN2049 Thank you everyone To higher highs next month! @risextrade on X ↗ |
| 11-06 00:43 | Polymarket Perps | Other | Go long or short SOXL on Polymarket Perps👇 @Poly_Perps on X ↗ |
| 11-06 00:42 | Polymarket Perps | Other | BREAKING: 3x leveraged semiconductor ETF SOXL plunges nearly 40% in a day amid massive selloff in AI & chip stocks. @Poly_Perps on X ↗ |
| 11-04 19:06 | Ondo Perps | Other | Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗ |
| 10-27 14:15 | Phemex | Other | Chips ripped +2.8%, best day since Sept. Then the bell rang and... nothing stopped. $SOXL trades 24/7 on Phemex. still riding semis 🟢 or taking profit 🔴? 👉 @Phemex_official on X ↗ |
| 10-27 14:04 | Phemex | Other | Chips ripped +2.8%, best day since Sept. Then the bell rang and... nothing stopped. $SOXL trades 24/7 on Phemex. still riding semis 🟢 or taking profit 🔴? 👉 @Phemex_official on X ↗ |


RISEx
Polymarket Perps
Phemex