Funding you earn now, next payment 04:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.050%
Price spread now: Lighter against Polymarket Perps−0.110%7-day average −0.042% · 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−$26as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Funding, last 5 days (all we have)−0.133%−$13 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.110%, 7d avg −0.042%
=Together, before fees−0.309%+ Points / potential airdropLighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.068% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SOXL-USD | 145.25 | 0.0160 | pay 0.0020% / 1h | 11m 14s | $3K | $269K | 10x |
| Short | Lighter SOXL | 145.09 | 0.0032 | get 0.0004% / 1h | 11m 14s | $728K | $2.5M | 20x |
Polymarket Perps SOXL-USD
Lighter SOXLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- −$26.83
- Price spread: −0.110% → −0.042%
- −$6.83
- Slippage, 4 orders
- −$10.9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$52.56
- Costs to cover
- 0.189%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 46 min ago; Lighter: live order book, 6 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 Polymarket Perps live order book, 46 min ago | 3.08 bp | 8.4 bp −$8 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 1.03 bp | 1.0 bp −$1 | 2.3 bp −$23 | 67.8 bp −$6,779 | 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 | 145.20 | −0.031% | $88K | $304K | 20x | as long as short |
| BloFin SOXL-USDT | −0.0011% | 8h | 145.26 | +0.007% | $1.2M | $476K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 145.12 | −0.087% | $233K | $1.6M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 145.13 | −0.080% | $29K | $241K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 145.16 | −0.063% | $169.4M | $1.25B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 145.16 | −0.062% | $50.7M | $188.7M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 145.14 | −0.076% | $24.5M | $197.1M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 145.12 | −0.090% | $27.2M | $43.3M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 145.15 | −0.069% | $15.0M | $49.7M | 200x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 145.21 | −0.028% | $60.1M | $113.1M | 20x | as long as short |
Kraken Futures PF_SOXLUSD
BloFin SOXL-USDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Bitget SOXLUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOXL | 0.0000% | 8h | 145.07 | −0.124% | $2.4M | $4.7M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 144.97 | −0.193% | $71K | $177K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.15 | −0.069% | $1K | $4.3M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 145.19 | −0.041% | $114K | $290K | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 145.28 | +0.021% | $183K | $569K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 145.23 | −0.014% | $2.4M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0021% | 1h | 145.07 | −0.124% | $268K | $266K | 30x | as long as short |
| Lighter SOXLshort | +0.0032% | 1h | 145.09 | −0.110% | $728K | $2.5M | 20x | |
| Lighter RH SOXL | +0.0032% | 1h | 145.06 | −0.131% | $275K | $1.9M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 145.12 | −0.090% | $25.5M | $22.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 144.82 | −0.296% | $207K | $488K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 145.13 | −0.083% | $6.9M | $10.1M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 144.99 | −0.179% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 145.14 | −0.076% | $1K | $5K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0101% | 4h | 144.95 | −0.208% | $181K | $329K | 10x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 145.14 | −0.072% | $6K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0152% | 1h | 144.92 | −0.227% | $901K | $2.6M | 10x | as long as short |
| Polymarket Perps SOXL-USDlong | +0.0160% | 1h | 145.25 | long leg | $3K | $269K | 10x |
Variational Omni SOXL
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USD
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