Funding you earn now, next payment 03:00 UTC−0.0201%/8h= −22.0% APRnext payment −$0.25 per $10,000 · paid last 24h −0.028%
Price spread now: Lighter RH against Deribit+0.028%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.150%+$15 · spread now +0.028%, 7d avg +0.003%
=Together, before fees+0.098%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.024% dearer against Deribit than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of +0.003%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 4 days (−0.052% in total) that is about 42 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.052% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 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 | Deribit SOXL_USDC-PERPETUAL | 145.08 | 0.0233 | pay 0.0029% / 1h | 25m 45s | $115K | $279K | 10x |
| Short | Lighter RH SOXL | 145.12 | 0.0032 | get 0.0004% / 1h | 25m 45s | $329K | $1.7M | 20x |
Deribit SOXL_USDC-PERPETUAL
Lighter RH SOXLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42.15
- Price spread: +0.028% → +0.003%
- $2.42
- Slippage, 4 orders
- −$21.13
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$67.86
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 38 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 Deribit live order book, 38 min ago | 5.18 bp | 14.6 bp −$15 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.72 bp | 2.2 bp −$2 | 6.6 bp −$66 | 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 | 145.06 | −0.013% | $244K | $1.5M | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 145.02 | −0.041% | $52.0M | $184.8M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 144.95 | −0.090% | $24.7M | $191.4M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 144.99 | −0.062% | $27.2M | $42.5M | 50x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 145.03 | −0.034% | $60.1M | $111.9M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 145.02 | −0.041% | $71K | $175K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.09 | +0.007% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 145.27 | +0.131% | $184K | $567K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 145.11 | +0.021% | $2.5M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0004% | 1h | 145.01 | −0.048% | $268K | $271K | 30x | as long as short |
Aster SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
Bitget SOXLUSDT
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOXLUSD | +0.0018% | 1h | 145.08 | 0.000% | $88K | $304K | 20x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 145.05 | −0.021% | $799K | $2.4M | 20x | as long as short |
| Lighter RH SOXLshort | +0.0032% | 1h | 145.12 | +0.028% | $329K | $1.7M | 20x | |
| Variational Omni SOXL | +0.0042% | 8h | 145.06 | −0.017% | $2.4M | $4.8M | — | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 144.87 | −0.145% | $25.3M | $22.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 145.21 | +0.090% | $207K | $582K | 10x | as long as short |
| BloFin SOXL-USDT | +0.0074% | 8h | 145.06 | −0.014% | $1.2M | $478K | 50x | as long as short |
| Extended SOXL-USD | +0.0080% | 1h | 145.01 | −0.047% | $24K | $244K | 10x | as long as short |
| MEXC SOXL_USDT | +0.0082% | 8h | 145.02 | −0.041% | $15.3M | $49.0M | 200x | as long as short |
| Binance SOXLUSDT | +0.0082% | 8h | 145.00 | −0.055% | $169.0M | $1.23B | 50x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 145.05 | −0.021% | $6.9M | $10.2M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 145.49 | +0.283% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 145.03 | −0.034% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 145.01 | −0.045% | $6K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0160% | 1h | 145.03 | −0.034% | $816K | $2.4M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALlong | +0.0233% | 1h | 145.08 | long leg | $115K | $279K | 10x | |
| Polymarket Perps SOXL-USD | +0.0249% | 1h | 145.20 | +0.083% | $3K | $269K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0942% | 4h | 145.22 | +0.094% | $181K | $324K | 10x | as long as short |
Kraken Futures PF_SOXLUSD
Lighter SOXL
Variational Omni SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
BloFin SOXL-USDT
Extended SOXL-USD
MEXC SOXL_USDT
Binance SOXLUSDT
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
edgeX SOXLUSDC