Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.029%
Price spread now: Deribit against Lighter−0.014%7-day average +0.033% · 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−$34as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Funding, last 4 days (all we have)+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.014%, 7d avg +0.033%
=Together, before fees−0.021%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.047% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SOXL | 145.01 | 0.0032 | pay 0.0004% / 1h | 11m 48s | $727K | $2.5M | 20x |
| Short | Deribit SOXL_USDC-PERPETUAL | 144.99 | 0 | get 0.0000% / 1h | 11m 48s | $114K | $290K | 10x |
Lighter SOXL
Deribit SOXL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. 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
- −$6.72
- Price spread: −0.014% → +0.033%
- −$4.68
- Slippage, 4 orders
- −$22.03
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$40.42
- Costs to cover
- 0.290%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Deribit: live order book, 47 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 live order book, 5 min ago | 1.03 bp | 1.0 bp −$1 | 2.8 bp −$28 | 73.0 bp −$7,301 | doesn't fit |
| Sell Deribit live order book, 47 min ago | 7.20 bp | 10.7 bp −$11 | 12.6 bp −$126 | 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 | −0.0116% | 1h | 145.09 | +0.057% | $88K | $304K | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 145.05 | +0.027% | $232K | $1.6M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 145.01 | +0.003% | $29K | $241K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 145.08 | +0.048% | $169.3M | $1.25B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 145.05 | +0.028% | $50.6M | $188.6M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 145.06 | +0.034% | $24.5M | $196.9M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 145.04 | +0.021% | $27.2M | $43.2M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 145.05 | +0.028% | $15.0M | $49.7M | 200x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 145.08 | +0.048% | $60.1M | $113.1M | 20x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 145.07 | +0.041% | $2.4M | $4.7M | — | as long as short |
Kraken Futures PF_SOXLUSD
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Bitget SOXLUSDT
Variational Omni SOXLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 144.97 | −0.028% | $71K | $177K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.01 | 0.000% | $1K | $4.3M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALshort | 0.0000% | 1h | 144.99 | −0.014% | $114K | $290K | 10x | |
| HTX SOXL-USDT | 0.0000% | 8h | 144.99 | −0.014% | $183K | $569K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 145.02 | +0.007% | $2.4M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0021% | 1h | 144.91 | −0.069% | $268K | $266K | 30x | as long as short |
| BloFin SOXL-USDT | +0.0023% | 8h | 144.97 | −0.028% | $1.2M | $476K | 50x | as long as short |
| Lighter SOXLlong | +0.0032% | 1h | 145.01 | long leg | $727K | $2.5M | 20x | |
| Lighter RH SOXL | +0.0032% | 1h | 144.99 | −0.014% | $275K | $1.9M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 145.06 | +0.034% | $25.5M | $22.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 144.82 | −0.131% | $207K | $488K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 145.07 | +0.041% | $6.9M | $10.1M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 144.99 | −0.014% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 145.00 | −0.007% | $1K | $5K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0101% | 4h | 144.95 | −0.043% | $181K | $329K | 10x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 145.00 | −0.008% | $6K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0152% | 1h | 144.92 | −0.062% | $901K | $2.6M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0161% | 1h | 145.14 | +0.090% | $3K | $269K | 10x | as long as short |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USD
BloFin SOXL-USDT
Lighter RH SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
edgeX SOXLUSDC
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD