Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.172%

Price spread now: GRVT against Lighter RH+0.200%79s7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.219% of the position

Long on Lighter RH Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.200%, 7d avg +0.015%

Together, before fees+0.012%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.185% dearer against Lighter RH than usual: you sell high and buy low (spread +0.200% now, against its 7-day average of +0.015%): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days. Mind the row above: over the last 7 days funding on this pair paid +0.114%, so the current rate has only just turned against you. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOXL	144.68	0.0032	pay 0.0004% / 1h	15m 55s	$343K	$1.9M	20x
Short	GRVT SOXL_USDT_Perp	144.97	0	get 0.0000% / 8h	15m 55s	$72K	$163K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.200%Rate

Funding earned: −$6.72
Price spread: +0.200% → +0.015%: $18.45
Slippage, 4 orders: −$12.85
Fee Lighter RH: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$10.12
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; GRVT: live order book, 61 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, 2 min ago	1.38 bp	2.9 bp −$3	13.2 bp −$132	doesn't fit	doesn't fit
Sell GRVT live order book, 61 min ago	1.75 bp	6.2 bp −$6	18.1 bp −$181	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
Kraken Futures PF_SOXLUSD	−0.0023%	1h	144.58	−0.071%	$90K	$303K	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.66	−0.014%	$215K	$1.6M	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.66	−0.014%	$25.6M	$184.2M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.66	−0.014%	$27.5M	$39.6M	50x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.64	−0.028%	$60.3M	$109.2M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.68	+0.003%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perpshort	0.0000%	8h	144.97	+0.200%	$72K	$163K	10x
SunX SOXL-USDT	0.0000%	8h	144.70	+0.014%	$1K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.76	+0.055%	$186K	$597K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.68	0.000%	$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	+0.0019%	8h	144.67	−0.007%	$14.2M	$46.6M	200x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.65	−0.021%	$308K	$257K	30x	as long as short
Binance SOXLUSDT	+0.0023%	8h	144.66	−0.014%	$172.2M	$1.19B	50x	as long as short
Extended SOXL-USD	+0.0024%	1h	144.65	−0.019%	$27K	$338K	10x	as long as short
BloFin SOXL-USDT	+0.0026%	8h	144.80	+0.083%	$1.2M	$490K	50x	as long as short
Lighter RH SOXLlong	+0.0032%	1h	144.68	long leg	$343K	$1.9M	20x
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.68	0.000%	$238K	$915K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.72	+0.028%	$6.9M	$10.8M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.75	+0.048%	$38K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.66	−0.014%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.65	−0.020%	$6K	—	10x	as long as short
Bybit SOXLUSDT	+0.0111%	8h	144.72	+0.028%	$51.4M	$178.2M	100x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.80	+0.083%	$977K	$2.3M	10x	as long as short
Lighter SOXL	+0.0192%	1h	144.65	−0.021%	$803K	$2.6M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0196%	1h	144.57	−0.076%	$26.3M	$22.0M	10x	as long as short
edgeX SOXLUSDC	+0.0268%	4h	144.92	+0.169%	$181K	$323K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0511%	1h	144.69	+0.007%	$118K	$297K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0585%	1h	144.79	+0.076%	$5K	$265K	10x	as long as short