Funding arb · Price arb /

SOXL

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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: Lighter against MEXC−0.034%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs$0as in the Price arb table

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

Long on MEXC Short on Lighter

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−0.049%−$5 · spread now −0.034%, 7d avg −0.071%

Together, before fees−0.042%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.037% dearer against MEXC than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.071%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 12 hours.

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	MEXC SOXL_USDT	146.62	0.0273	pay 0.0273% / 8h	6h 59m	$14.0M	$46.8M	200x
Short	Lighter SOXL	146.57	0.0032	get 0.0004% / 1h	59m 22s	$816K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$50.61
Price spread: −0.034% → −0.071%: $3.68
Slippage, 4 orders: −$4.03
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$50.96
Costs to cover: 0.040%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 8 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 MEXC live order book, 5 min ago	0.34 bp	0.3 bp $0	0.7 bp −$7	2.6 bp −$264	20.7 bp −$10.4K
Sell Lighter live order book, 8 min ago	1.36 bp	1.6 bp −$2	4.2 bp −$42	71.9 bp −$7,193	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
Ondo Perps SOXL-USD.P	−0.0075%	1h	146.62	0.000%	$229K	$723K	10x	as long as short
Bybit SOXLUSDT	0.0000%	8h	146.71	+0.061%	$53.0M	$182.9M	100x	as long as short
Gate SOXL_USDT	0.0000%	8h	146.71	+0.061%	$27.4M	$39.5M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	146.66	+0.027%	$1K	$4.5M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	146.37	−0.171%	$119K	$287K	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	146.38	−0.164%	$2.5M	$1.2M	10x	as long as short
Aster SOXLUSDT	+0.0020%	8h	146.58	−0.029%	$254K	$1.6M	50x	as long as short
Lighter SOXLshort	+0.0032%	1h	146.57	−0.034%	$816K	$2.5M	20x
Lighter RH SOXL	+0.0032%	1h	146.61	−0.007%	$349K	$1.8M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	146.58	−0.027%	$26.3M	$22.2M	10x	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	146.58	−0.027%	$271K	$271K	30x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.74	+0.082%	$7.0M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	146.58	−0.027%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.67	+0.034%	$1K	$5K	20x	as long as short
OKX SOXL-USDT-SWAP	+0.0103%	8h	146.63	+0.007%	$26.4M	$190.6M	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.59	−0.022%	$6K	—	10x	as long as short
HTX SOXL-USDT	+0.0183%	8h	146.72	+0.068%	$185K	$624K	50x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	146.66	+0.027%	$943K	$2.4M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0206%	1h	146.73	+0.075%	$5K	$266K	10x	as long as short
Variational Omni SOXL	+0.0238%	8h	146.74	+0.081%	$2.4M	$5.0M	—	as long as short
Extended SOXL-USD	+0.0272%	1h	146.56	−0.039%	$25K	$273K	10x	as long as short
MEXC SOXL_USDTlong	+0.0273%	8h	146.62	long leg	$14.0M	$46.8M	200x
Binance SOXLUSDT	+0.0275%	8h	146.65	+0.024%	$171.9M	$1.22B	50x	as long as short
BloFin SOXL-USDT	+0.0297%	8h	146.71	+0.061%	$1.3M	$496K	50x	as long as short
Kraken Futures PF_SOXLUSD	+0.0410%	1h	146.44	−0.121%	$89K	$304K	20x	as long as short
Bitget SOXLUSDT	+0.0646%	8h	146.52	−0.068%	$61.8M	$112.6M	20x	as long as short
GRVT SOXL_USDT_Perp	+0.0738%	8h	146.75	+0.087%	$72K	$164K	10x	as long as short
edgeX SOXLUSDC	+0.0851%	4h	146.64	+0.013%	$183K	$323K	10x	as long as short