SOXL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0499%/8h= −54.7% APRnext payment −$0.62 per $10,000 · paid last 24h −0.051%

Price spread now: Lighter RH against Polymarket Perps−0.055%7-day average 0.000% · 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−$28as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Polymarket Perps Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.194%−$19 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now −0.055%, 7d avg 0.000%

Together, before fees−0.258%+ Points / potential airdropLighter RH: Points live · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Lighter RH is 0.055% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.194% in total (about -13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.62 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	144.52	0.0531	pay 0.0066% / 1h	41m 01s	$5K	$265K	10x
Short	Lighter RH SOXL	144.44	0.0032	get 0.0004% / 1h	41m 01s	$343K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$104.87
Price spread: −0.055% → 0.000%: −$5.54
Slippage, 4 orders: −$14.15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$132.56
Costs to cover: 0.222%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 36 min ago; Lighter RH: live order book, 2 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, 36 min ago	2.79 bp	6.8 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.38 bp	3.1 bp −$3	9.8 bp −$98	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	−0.0024%	1h	144.26	−0.182%	$89K	$304K	20x	as long as short
BloFin SOXL-USDT	−0.0010%	8h	144.46	−0.042%	$1.2M	$490K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.39	−0.088%	$215K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	144.37	−0.105%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	144.42	−0.069%	$170.6M	$1.19B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.49	−0.021%	$25.4M	$184.0M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.37	−0.104%	$27.0M	$38.8M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	144.44	−0.055%	$14.6M	$46.4M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.42	−0.069%	$60.1M	$109.0M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.44	−0.057%	$2.2M	$4.9M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SOXL_USDT_Perp	0.0000%	8h	144.49	−0.018%	$71K	$169K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.48	−0.028%	$2K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.51	−0.007%	$200K	$546K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.42	−0.069%	$2.5M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.34	−0.125%	$307K	$258K	30x	as long as short
Lighter RH SOXLshort	+0.0032%	1h	144.44	−0.055%	$343K	$1.9M	20x
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.30	−0.152%	$238K	$913K	10x	as long as short
Bybit SOXLUSDT	+0.0053%	8h	144.46	−0.042%	$51.4M	$178.2M	100x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.33	−0.131%	$6.9M	$11.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.23	−0.201%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.40	−0.083%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.33	−0.128%	$6K	—	10x	as long as short
Lighter SOXL	+0.0128%	1h	144.40	−0.083%	$801K	$2.6M	20x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.28	−0.166%	$962K	$2.3M	10x	as long as short
tradeXYZ xyz:SOXL	+0.0193%	1h	144.35	−0.118%	$26.1M	$22.6M	10x	as long as short
Polymarket Perps SOXL-USDlong	+0.0531%	1h	144.52	long leg	$5K	$265K	10x
edgeX SOXLUSDC	+0.0661%	4h	144.42	−0.072%	$180K	$323K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0859%	1h	144.46	−0.042%	$117K	$315K	10x	as long as short