Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.1124%/8h= −123.1% APRpaid last 24h −0.187%

Price spread now: Bitget against Lighter RH+0.215%7-day average −0.017% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$2as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.289%+$29 on $10k

Price spread, last 7 days−0.206%−$21 · spread now +0.215%, 7d avg −0.017%

Together, before fees+0.083%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.232% dearer against Lighter RH than usual: you sell high and buy low (spread +0.215% now, against its 7-day average of −0.017%): +$23 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.289%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.289% in total (about 15.1% 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 RH SOXL	139.30	0.0032	pay 0.0004% / 1h	56m 55s	$256K	$1.7M	20x
Short	Bitget SOXLUSDT	139.60	−0.1092	pay 0.1092% / 8h	6h 56m	$59.2M	$152.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now +0.215%Rate

Funding earned: −$236.04
Price spread: +0.215% → −0.017%: $23.22
Slippage, 4 orders: −$9.43
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$234.25
Costs to cover: 0.214%
Break-even: from the start

Slippage from Lighter RH: live order book, 1 min ago; Bitget: live order book, 2 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 RH live order book, 1 min ago	1.44 bp	2.4 bp −$2	10.8 bp −$108	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.36 bp	8.1 bp −$8	13.9 bp −$139	34.2 bp −$3,416	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 SOXLUSDTshort	−0.1092%	8h	139.60	+0.215%	$59.2M	$152.1M	20x
Aster SOXLUSDT	0.0000%	8h	139.52	+0.160%	$190K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	139.52	+0.159%	$42K	$380K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	139.57	+0.193%	$158.9M	$1.56B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	139.59	+0.208%	$26.5M	$245.4M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	139.53	+0.165%	$29.9M	$54.7M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	139.56	+0.187%	$12.2M	$56.4M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	138.80	−0.359%	$1.9M	$5.6M	—	as long as short
SunX SOXL-USDT	0.0000%	8h	139.29	−0.007%	$1K	$3.8M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	139.11	−0.136%	$87K	$1.2M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXLUSDT	0.0000%	8h	139.37	+0.050%	$2.3M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0016%	8h	139.35	+0.036%	$1.3M	$503K	50x	as long as short
Lighter RH SOXLlong	+0.0032%	1h	139.30	long leg	$256K	$1.7M	20x
Polymarket Perps SOXL-USD	+0.0050%	1h	139.19	−0.079%	$9K	$291K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	139.21	−0.065%	$217K	$397K	10x	as long as short
QFEX SOXL-USD	+0.0057%	1h	139.05	−0.179%	$257K	$264K	30x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	139.14	−0.115%	$6.4M	$10.5M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	138.78	−0.373%	$36K	$144K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	139.24	−0.043%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	139.25	−0.038%	$5K	—	10x	as long as short
Lighter SOXL	+0.0152%	1h	139.35	+0.036%	$657K	$2.6M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0153%	1h	139.54	+0.172%	$21.7M	$32.3M	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0240%	1h	139.21	−0.065%	$979K	$3.3M	10x	as long as short
Bybit SOXLUSDT	+0.0242%	8h	139.60	+0.215%	$46.8M	$225.7M	100x	as long as short
edgeX SOXLUSDC	+0.0372%	4h	139.09	−0.151%	$173K	$331K	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0396%	8h	138.77	−0.380%	$64K	$194K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0612%	1h	139.29	−0.007%	$111K	$386K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0969%	1h	139.24	−0.042%	$88K	$342K	20x	as long as short