Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.011%
Price spread now: Phemex against Lighter+0.247%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$1061.062% of the position
Funding, last 7 days−0.278%−$28 on $10k
+Price spread, last 4 days (all we have)−0.295%−$30 · spread now +0.247%, 7d avg +0.061%
=Together, before fees−0.573%+ Points / potential airdropLighter: Season 3 · farm board−$57 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.186% dearer against Lighter than usual: you sell high and buy low (spread +0.247% now, against its 7-day average of +0.061%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 7 days (−0.278% in total) that is about 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SOXL | 141.86 | 0.0032 | pay 0.0004% / 1h | 38m 36s | $699K | $2.5M | 20x |
| Short | Phemex SOXLUSDT | 142.21 | 0 | get 0.0000% / 8h | 3h 38m | $2.4M | $1.2M | 10x |
Lighter SOXL
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.247% → +0.061%
- $18.61
- Slippage, 4 orders
- −$94.22
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$94.32
- Costs to cover
- 1.062%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Phemex: live order book, 5 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, 8 min ago | 1.39 bp | 1.8 bp −$2 | 5.7 bp −$57 | 68.8 bp −$6,884 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.79 bp | 40.1 bp −$40 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SOXLUSDT | −0.0045% | 8h | 141.98 | +0.085% | $58.7M | $116.3M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 141.95 | +0.063% | $228K | $1.6M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 141.93 | +0.051% | $31K | $270K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 141.93 | +0.052% | $164.9M | $1.28B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 141.93 | +0.049% | $47.1M | $197.7M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 141.98 | +0.085% | $24.0M | $198.2M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 141.95 | +0.063% | $26.2M | $44.0M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 141.92 | +0.042% | $13.8M | $49.9M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 142.84 | +0.691% | $2.2M | $4.8M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 142.70 | +0.593% | $67K | $180K | 10x | as long as short |
Bitget SOXLUSDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXL
GRVT SOXL_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SOXL-USDT | 0.0000% | 8h | 142.06 | +0.141% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 142.00 | +0.099% | $177K | $577K | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 142.21 | +0.247% | $2.4M | $1.2M | 10x | |
| QFEX SOXL-USD | +0.0004% | 1h | 141.90 | +0.028% | $262K | $266K | 30x | as long as short |
| BloFin SOXL-USDT | +0.0009% | 8h | 141.98 | +0.085% | $1.2M | $467K | 50x | as long as short |
| Lighter SOXLlong | +0.0032% | 1h | 141.86 | long leg | $699K | $2.5M | 20x | |
| Lighter RH SOXL | +0.0032% | 1h | 141.84 | −0.014% | $267K | $1.9M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 141.88 | +0.014% | $24.9M | $22.9M | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0050% | 1h | 141.97 | +0.081% | $86K | $287K | 20x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 142.10 | +0.169% | $200K | $484K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 141.96 | +0.070% | $6.8M | $10.1M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 143.38 | +1.071% | $37K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 141.81 | −0.035% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 141.84 | −0.012% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0120% | 1h | 142.11 | +0.176% | $775K | $2.7M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0192% | 1h | 142.02 | +0.113% | $3K | $268K | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0314% | 1h | 141.85 | −0.007% | $110K | $316K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0548% | 4h | 142.90 | +0.732% | $178K | $328K | 10x | as long as short |
SunX SOXL-USDT
HTX SOXL-USDT
QFEX SOXL-USD
BloFin SOXL-USDT
Lighter RH SOXL
tradeXYZ xyz:SOXL
Kraken Futures PF_SOXLUSD
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
Deribit SOXL_USDC-PERPETUAL
edgeX SOXLUSDC