Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h −0.006%

Price spread now: MEXC against Lighter RH0.000%7-day average +0.064% · 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−$13as in the Price arb table

costs, in and out, $10k−$60.064% of the position

Long on Lighter RH Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now 0.000%, 7d avg +0.064%

Together, before fees+0.057%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.064% cheaper against Lighter RH than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.064%). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.136% in total) that is about 3.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% 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	146.75	0.0032	pay 0.0004% / 1h	0m 08s	$349K	$1.9M	20x
Short	MEXC SOXL_USDT	146.75	0.0272	get 0.0272% / 8h	7h 00m	$14.1M	$48.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $50.4
Price spread: 0.000% → +0.064%: −$6.4
Slippage, 4 orders: −$6.35
Fee Lighter RH: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $37.65
Costs to cover: 0.064%
Break-even: 1.8 days

Slippage from Lighter RH: live order book, 3 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 RH live order book, 3 min ago	2.38 bp	3.3 bp −$3	13.3 bp −$133	doesn't fit	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
Gate SOXL_USDT	0.0000%	8h	146.75	0.000%	$27.4M	$40.4M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	146.72	−0.020%	$1K	$4.5M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	146.72	−0.020%	$119K	$287K	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	146.73	−0.014%	$2.5M	$1.2M	10x	as long as short
Aster SOXLUSDT	+0.0018%	8h	146.68	−0.051%	$254K	$1.6M	50x	as long as short
Bybit SOXLUSDT	+0.0022%	8h	146.79	+0.027%	$53.1M	$182.7M	100x	as long as short
Lighter SOXL	+0.0032%	1h	146.71	−0.027%	$816K	$2.6M	20x	as long as short
Lighter RH SOXLlong	+0.0032%	1h	146.75	long leg	$349K	$1.9M	20x
Ondo Perps SOXL-USD.P	+0.0050%	1h	146.46	−0.198%	$229K	$709K	10x	as long as short
QFEX SOXL-USD	+0.0070%	1h	146.83	+0.055%	$271K	$271K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SOXLUSDTM	+0.0100%	8h	146.78	+0.020%	$7.0M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	146.58	−0.116%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.72	−0.020%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.71	−0.029%	$6K	—	10x	as long as short
OKX SOXL-USDT-SWAP	+0.0105%	8h	146.72	−0.020%	$26.3M	$190.3M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0120%	1h	146.71	−0.027%	$26.3M	$22.1M	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.68	−0.048%	$955K	$2.4M	10x	as long as short
HTX SOXL-USDT	+0.0223%	8h	146.81	+0.041%	$185K	$624K	50x	as long as short
Variational Omni SOXL	+0.0238%	8h	146.74	−0.007%	$2.4M	$5.0M	—	as long as short
Extended SOXL-USD	+0.0272%	1h	146.70	−0.032%	$25K	$273K	10x	as long as short
MEXC SOXL_USDTshort	+0.0272%	8h	146.75	0.000%	$14.1M	$48.2M	200x
Binance SOXLUSDT	+0.0274%	8h	146.76	+0.009%	$172.0M	$1.22B	50x	as long as short
BloFin SOXL-USDT	+0.0297%	8h	146.71	−0.027%	$1.3M	$496K	50x	as long as short
Kraken Futures PF_SOXLUSD	+0.0424%	1h	146.59	−0.106%	$89K	$304K	20x	as long as short
Polymarket Perps SOXL-USD	+0.0449%	1h	146.84	+0.061%	$5K	$266K	10x	as long as short
Bitget SOXLUSDT	+0.0640%	8h	146.73	−0.014%	$61.9M	$112.5M	20x	as long as short
GRVT SOXL_USDT_Perp	+0.0766%	8h	146.91	+0.111%	$72K	$165K	10x	as long as short
edgeX SOXLUSDC	+0.0851%	4h	146.64	−0.076%	$183K	$323K	10x	as long as short