Funding arb · Price arb /

SOXL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.2002%/8h= −219.2% APRpaid last 24h +0.030%

Price spread now: Bitget against Lighter RH+0.123%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs+$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.457%+$46 on $10k

Price spread, last 7 days−0.106%−$11 · spread now +0.123%, 7d avg −0.018%

Together, before fees+0.351%+ Points / potential airdropLighter RH: Points live · farm board+$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.140% dearer against Lighter RH than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of −0.018%): +$14 on $10k if it goes back. Holding the pair costs −$60 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.457%, 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 0.457% in total (about 23.9% 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 RH SOXL	138.76	0.0032	pay 0.0004% / 1h	16m 18s	$263K	$1.7M	20x
Short	Bitget SOXLUSDT	138.93	−0.1970	pay 0.1970% / 8h	16m 18s	$60.9M	$142.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$420.42
Price spread: +0.123% → −0.018%: $14.01
Slippage, 4 orders: −$8.41
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$426.82
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 1 min ago; Bitget: 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 RH live order book, 1 min ago	1.44 bp	1.9 bp −$2	8.7 bp −$87	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.72 bp	7.7 bp −$8	13.4 bp −$134	31.7 bp −$3,166	49.1 bp −$24.5K

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 SOXLUSDTshort	−0.1970%	8h	138.93	+0.123%	$60.9M	$142.2M	20x
Aster SOXLUSDT	0.0000%	8h	138.73	−0.022%	$196K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	138.74	−0.017%	$51K	$355K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	138.76	−0.001%	$162.9M	$1.47B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	138.80	+0.029%	$46.0M	$223.5M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	138.78	+0.014%	$25.9M	$229.3M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	138.75	−0.007%	$27.8M	$51.0M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	138.76	0.000%	$14.3M	$55.4M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	138.65	−0.079%	$1.9M	$5.5M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	138.76	+0.002%	$64K	$202K	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	138.80	+0.029%	$1K	$4.1M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	138.76	0.000%	$108K	$358K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	138.90	+0.101%	$87K	$1.3M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	138.75	−0.007%	$2.3M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0030%	8h	138.72	−0.029%	$1.3M	$471K	50x	as long as short
Lighter SOXL	+0.0032%	1h	138.80	+0.029%	$675K	$2.4M	20x	as long as short
Lighter RH SOXLlong	+0.0032%	1h	138.76	long leg	$263K	$1.7M	20x
QFEX SOXL-USD	+0.0035%	1h	138.79	+0.022%	$256K	$264K	30x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	138.67	−0.065%	$21.0M	$30.3M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	138.66	−0.072%	$211K	$459K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0072%	1h	138.67	−0.064%	$73K	$316K	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	138.79	+0.022%	$6.5M	$11.0M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	138.67	−0.065%	$36K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	138.76	0.000%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	138.74	−0.013%	$5K	—	10x	as long as short
Polymarket Perps SOXL-USD	+0.0164%	1h	138.84	+0.058%	$9K	$292K	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	138.74	−0.014%	$950K	$3.1M	10x	as long as short
edgeX SOXLUSDC	+0.0859%	4h	138.80	+0.025%	$173K	$332K	10x	as long as short