Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.170%

Price spread now: Bybit against Lighter RH+0.041%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.041%, 7d avg +0.014%

Together, before fees+0.099%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.027% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOXL	144.76	0.0032	pay 0.0004% / 1h	17m 42s	$343K	$1.9M	20x
Short	Bybit SOXLUSDT	144.82	0.0111	get 0.0111% / 8h	17m 42s	$51.5M	$178.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.041%Rate

Funding earned: $16.61
Price spread: +0.041% → +0.014%: $2.73
Slippage, 4 orders: −$7.15
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $1.19
Costs to cover: 0.182%
Break-even: 6.5 days

Slippage from Lighter RH: live order book, 5 min ago; Bybit: live order book, 1 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, 5 min ago	2.07 bp	2.5 bp −$2	9.7 bp −$97	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.34 bp	6.2 bp −$6	10.5 bp −$105	75.8 bp −$7,578	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
Kraken Futures PF_SOXLUSD	−0.0023%	1h	144.81	+0.031%	$90K	$303K	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.85	+0.061%	$216K	$1.6M	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.76	0.000%	$25.7M	$184.3M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.77	+0.007%	$27.5M	$39.5M	50x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.69	−0.048%	$60.3M	$109.2M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.68	−0.058%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	144.57	−0.131%	$71K	$163K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.87	+0.076%	$2K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.81	+0.035%	$194K	$559K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.89	+0.090%	$2.5M	$1.2M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXL_USDT	+0.0014%	8h	144.76	0.000%	$14.3M	$46.6M	200x	as long as short
Extended SOXL-USD	+0.0016%	1h	144.84	+0.057%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	+0.0020%	8h	144.78	+0.014%	$172.3M	$1.19B	50x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.94	+0.124%	$308K	$257K	30x	as long as short
BloFin SOXL-USDT	+0.0027%	8h	144.96	+0.138%	$1.2M	$490K	50x	as long as short
Lighter RH SOXLlong	+0.0032%	1h	144.76	long leg	$343K	$1.9M	20x
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.68	−0.055%	$238K	$915K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.75	−0.007%	$6.9M	$10.9M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.59	−0.117%	$38K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.87	+0.076%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.78	+0.013%	$6K	—	10x	as long as short
Bybit SOXLUSDTshort	+0.0111%	8h	144.82	+0.041%	$51.5M	$178.2M	100x
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.80	+0.028%	$977K	$2.3M	10x	as long as short
tradeXYZ xyz:SOXL	+0.0202%	1h	144.73	−0.021%	$26.3M	$22.0M	10x	as long as short
Lighter SOXL	+0.0208%	1h	144.77	+0.007%	$803K	$2.6M	20x	as long as short
Polymarket Perps SOXL-USD	+0.0590%	1h	144.98	+0.152%	$5K	$265K	10x	as long as short
edgeX SOXLUSDC	+0.0791%	4h	144.54	−0.155%	$180K	$322K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0855%	1h	144.90	+0.097%	$118K	$297K	10x	as long as short