SOXL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0433%/8h= −47.4% APRnext payment −$0.54 per $10,000 · paid last 24h −0.054%

Price spread now: Lighter against Polymarket Perps−0.270%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.270%, 7d avg −0.046%

Together, before fees−0.020%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Lighter is 0.225% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.140% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.54 per $10,000. 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	Polymarket Perps SOXL-USD	140.59	0.0473	pay 0.0059% / 1h	8m 46s	$8K	$290K	10x
Short	Lighter SOXL	140.21	0.0040	get 0.0005% / 1h	8m 46s	$689K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now −0.270%Rate

Funding earned: −$90.87
Price spread: −0.270% → −0.046%: −$22.47
Slippage, 4 orders: −$14.31
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$135.64
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 38 min ago; Lighter: 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 Polymarket Perps live order book, 38 min ago	3.56 bp	7.6 bp −$8	10.6 bp −$106	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.85 bp	3.2 bp −$3	8.6 bp −$86	101.8 bp −$10.2K	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
Bitget SOXLUSDT	−0.2288%	8h	140.35	−0.171%	$60.4M	$135.6M	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	140.32	−0.189%	$200K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	140.23	−0.255%	$33K	$311K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	140.33	−0.187%	$166.3M	$1.43B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	140.33	−0.185%	$46.9M	$225.2M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	140.32	−0.192%	$26.7M	$223.2M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	140.34	−0.178%	$28.1M	$49.0M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	140.29	−0.213%	$17.0M	$54.5M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	140.25	−0.242%	$1.9M	$5.4M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	140.30	−0.206%	$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	140.34	−0.178%	$2K	$4.3M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	140.34	−0.178%	$109K	$339K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	140.64	+0.036%	$92K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	140.17	−0.299%	$2.3M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0017%	8h	140.43	−0.114%	$1.3M	$472K	50x	as long as short
Lighter RH SOXL	+0.0032%	1h	140.20	−0.277%	$271K	$1.7M	20x	as long as short
Lighter SOXLshort	+0.0040%	1h	140.21	−0.270%	$689K	$2.3M	20x
tradeXYZ xyz:SOXL	+0.0050%	1h	140.26	−0.235%	$22.3M	$29.2M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	140.27	−0.228%	$219K	$508K	10x	as long as short
QFEX SOXL-USD	+0.0053%	1h	140.54	−0.036%	$260K	$266K	30x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	140.28	−0.220%	$6.7M	$10.7M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	140.24	−0.249%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	140.46	−0.092%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	140.51	−0.059%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0184%	1h	140.40	−0.135%	$966K	$3.2M	10x	as long as short
Polymarket Perps SOXL-USDlong	+0.0473%	1h	140.59	long leg	$8K	$290K	10x
Kraken Futures PF_SOXLUSD	+0.0651%	1h	140.38	−0.152%	$83K	$296K	20x	as long as short
edgeX SOXLUSDC	+0.0682%	4h	140.28	−0.223%	$175K	$329K	10x	as long as short