Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Phemex against Lighter RH+0.274%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$1031.030% of the position

Long on Lighter RH Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 3 days (all we have)−0.326%−$33 · spread now +0.274%, 7d avg +0.025%

Together, before fees−0.471%+ Points / potential airdropLighter RH: Points live · farm board−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.249% dearer against Lighter RH than usual: you sell high and buy low (spread +0.274% now, against its 7-day average of +0.025%): +$25 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. At the pace of the last 7 days (−0.145% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOXL	145.98	0.0032	pay 0.0004% / 1h	24m 24s	$345K	$1.8M	20x
Short	Phemex SOXLUSDT	146.38	0	get 0.0000% / 8h	7h 24m	$2.5M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.274%Rate

Funding earned: −$6.72
Price spread: +0.274% → +0.025%: $24.92
Slippage, 4 orders: −$90.98
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$84.78
Costs to cover: 1.030%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Phemex: live order book, 4 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, 3 min ago	0.34 bp	1.2 bp −$1	10.5 bp −$105	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	6.46 bp	49.5 bp −$50	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
Aster SOXLUSDT	0.0000%	8h	145.96	−0.013%	$217K	$1.6M	50x	as long as short
Gate SOXL_USDT	0.0000%	8h	145.87	−0.075%	$27.8M	$39.2M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	146.46	+0.329%	$1K	$4.5M	10x	as long as short
Phemex SOXLUSDTshort	0.0000%	8h	146.38	+0.274%	$2.5M	$1.2M	10x
Lighter SOXL	+0.0032%	1h	145.96	−0.014%	$812K	$2.6M	20x	as long as short
Lighter RH SOXLlong	+0.0032%	1h	145.98	long leg	$345K	$1.8M	20x
Ondo Perps SOXL-USD.P	+0.0050%	1h	146.93	+0.651%	$242K	$747K	10x	as long as short
QFEX SOXL-USD	+0.0070%	1h	145.89	−0.062%	$270K	$271K	30x	as long as short
OKX SOXL-USDT-SWAP	+0.0099%	8h	145.80	−0.123%	$26.8M	$188.7M	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.06	+0.055%	$7.0M	$10.5M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOXLUSDT	+0.0100%	1h	146.78	+0.548%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	145.80	−0.123%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	145.77	−0.147%	$6K	—	10x	as long as short
Variational Omni SOXL	+0.0150%	8h	146.81	+0.569%	$2.3M	$4.9M	—	as long as short
Extended SOXL-USD	+0.0184%	1h	145.92	−0.044%	$25K	$318K	10x	as long as short
MEXC SOXL_USDT	+0.0187%	8h	145.86	−0.082%	$13.1M	$47.6M	200x	as long as short
BloFin SOXL-USDT	+0.0188%	8h	146.43	+0.308%	$1.3M	$498K	50x	as long as short
Binance SOXLUSDT	+0.0188%	8h	145.82	−0.107%	$171.2M	$1.21B	50x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.95	+0.664%	$1.1M	$2.2M	10x	as long as short
tradeXYZ xyz:SOXL	+0.0212%	1h	145.81	−0.116%	$26.5M	$21.3M	10x	as long as short
edgeX SOXLUSDC	+0.0216%	4h	147.00	+0.699%	$183K	$321K	10x	as long as short
HTX SOXL-USDT	+0.0216%	8h	146.51	+0.363%	$185K	$628K	50x	as long as short
Bybit SOXLUSDT	+0.0237%	8h	145.84	−0.096%	$52.9M	$182.2M	100x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0365%	1h	146.39	+0.281%	$119K	$273K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0425%	1h	146.43	+0.310%	$89K	$304K	20x	as long as short
Bitget SOXLUSDT	+0.0454%	8h	145.94	−0.027%	$61.7M	$111.4M	20x	as long as short
Polymarket Perps SOXL-USD	+0.0605%	1h	146.10	+0.082%	$5K	$266K	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0775%	8h	146.97	+0.678%	$72K	$159K	10x	as long as short