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: Lighter RH against MEXC0.000%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

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

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

Long on MEXC Short on Lighter RH

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

The price spread pays, funding is against you. Lighter RH is 0.064% dearer against MEXC than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.064%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 21 hours. 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	MEXC SOXL_USDT	146.75	0.0272	pay 0.0272% / 8h	7h 00m	$14.1M	$48.2M	200x
Short	Lighter RH SOXL	146.75	0.0032	get 0.0004% / 1h	0m 00s	$349K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$50.4
Price spread: 0.000% → −0.064%: $6.4
Slippage, 4 orders: −$6.35
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$50.35
Costs to cover: 0.064%
Break-even: from the start

Slippage from MEXC: live order book, 4 min ago; Lighter RH: live order book, 3 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, 4 min ago	0.34 bp	0.3 bp $0	0.7 bp −$7	2.6 bp −$264	20.7 bp −$10.4K
Sell Lighter RH live order book, 3 min ago	2.38 bp	2.4 bp −$2	8.4 bp −$84	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
Gate SOXL_USDT	0.0000%	8h	146.74	−0.007%	$27.4M	$40.5M	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	146.67	−0.054%	$254K	$1.6M	50x	as long as short
Bybit SOXLUSDT	+0.0022%	8h	146.80	+0.034%	$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 SOXLshort	+0.0032%	1h	146.75	0.000%	$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	146.74	−0.007%	$26.3M	$190.3M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0118%	1h	146.73	−0.014%	$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	146.75	−0.002%	$25K	$273K	10x	as long as short
MEXC SOXL_USDTlong	+0.0272%	8h	146.75	long leg	$14.1M	$48.2M	200x
Binance SOXLUSDT	+0.0274%	8h	146.78	+0.019%	$172.1M	$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	146.74	−0.007%	$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