Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0241%/8h= +26.4% APRpaid last 24h −0.007%

Price spread now: MEXC against Lighter+0.020%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$40.040% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days+0.063%+$6 · spread now +0.020%, 7d avg +0.071%

Together, before fees+0.056%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.050% cheaper against Lighter than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.071%). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$7 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.4% a year). A funding rate is set anew for every payment. 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	Lighter SOXL	146.57	0.0032	pay 0.0004% / 1h	59m 37s	$816K	$2.5M	20x
Short	MEXC SOXL_USDT	146.60	0.0273	get 0.0273% / 8h	6h 59m	$14.0M	$46.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Lighter. 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 LighterbpFee MEXCbpOrdersPrice spread, now +0.020%Rate

Funding earned: $50.61
Price spread: +0.020% → +0.071%: −$5.05
Slippage, 4 orders: −$4.03
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $41.54
Costs to cover: 0.040%
Break-even: 1.3 days

Slippage from Lighter: live order book, 7 min ago; MEXC: 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 live order book, 7 min ago	1.36 bp	1.7 bp −$2	3.3 bp −$33	60.1 bp −$6,005	doesn't fit
Sell MEXC live order book, 4 min ago	0.34 bp	0.3 bp $0	0.9 bp −$9	2.8 bp −$283	37.7 bp −$18.8K

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
tradeXYZ xyz:SOXL	−0.0174%	1h	146.60	+0.020%	$26.3M	$22.2M	10x	as long as short
Ondo Perps SOXL-USD.P	−0.0075%	1h	146.62	+0.034%	$229K	$723K	10x	as long as short
Bybit SOXLUSDT	0.0000%	8h	146.64	+0.048%	$53.0M	$182.9M	100x	as long as short
Gate SOXL_USDT	0.0000%	8h	146.65	+0.055%	$27.4M	$39.4M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	146.72	+0.102%	$1K	$4.5M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	146.72	+0.102%	$119K	$287K	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	146.73	+0.109%	$2.5M	$1.2M	10x	as long as short
Aster SOXLUSDT	+0.0020%	8h	146.77	+0.136%	$254K	$1.6M	50x	as long as short
Lighter SOXLlong	+0.0032%	1h	146.57	long leg	$816K	$2.5M	20x
Lighter RH SOXL	+0.0032%	1h	146.61	+0.027%	$349K	$1.8M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SOXL-USD	+0.0070%	1h	146.83	+0.177%	$271K	$271K	30x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.70	+0.089%	$7.0M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	146.58	+0.007%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.72	+0.102%	$1K	$5K	20x	as long as short
OKX SOXL-USDT-SWAP	+0.0103%	8h	146.63	+0.041%	$26.3M	$190.4M	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.71	+0.094%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.68	+0.075%	$955K	$2.4M	10x	as long as short
HTX SOXL-USDT	+0.0223%	8h	146.81	+0.164%	$185K	$624K	50x	as long as short
Variational Omni SOXL	+0.0238%	8h	146.74	+0.116%	$2.4M	$5.0M	—	as long as short
Extended SOXL-USD	+0.0272%	1h	146.57	−0.003%	$25K	$273K	10x	as long as short
MEXC SOXL_USDTshort	+0.0273%	8h	146.60	+0.020%	$14.0M	$46.8M	200x
Binance SOXLUSDT	+0.0275%	8h	146.64	+0.044%	$171.9M	$1.22B	50x	as long as short
BloFin SOXL-USDT	+0.0297%	8h	146.71	+0.096%	$1.3M	$496K	50x	as long as short
Kraken Futures PF_SOXLUSD	+0.0424%	1h	146.59	+0.017%	$89K	$304K	20x	as long as short
Polymarket Perps SOXL-USD	+0.0449%	1h	146.84	+0.184%	$5K	$266K	10x	as long as short
Bitget SOXLUSDT	+0.0646%	8h	146.64	+0.048%	$61.9M	$112.5M	20x	as long as short
GRVT SOXL_USDT_Perp	+0.0766%	8h	146.91	+0.234%	$72K	$165K	10x	as long as short
edgeX SOXLUSDC	+0.0851%	4h	146.64	+0.047%	$183K	$323K	10x	as long as short