Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.2097%/8h= −229.6% APRpaid last 24h +0.010%

Price spread now: Bitget against ApeX Omni+0.441%113s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$940.936% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.390%+$39 on $10k

Price spread, last 4 days (all we have)−0.601%−$60 · spread now +0.441%, 7d avg +0.001%

Together, before fees−0.211%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.440% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.441% now, against its 7-day average of +0.001%): +$44 on $10k if it goes back. Holding the pair costs −$63 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 +0.390%, so the current rate has only just turned against you. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.390% in total (about 20.3% 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	ApeX Omni SOXLUSDT	138.35	0.0100	pay 0.0013% / 1h	19m 35s	$36K	$142K	50x
Short	Bitget SOXLUSDT	138.96	−0.1997	pay 0.1997% / 8h	19m 35s	$60.9M	$142.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.441%Rate

Funding earned: −$440.37
Price spread: +0.441% → +0.001%: $44.04
Slippage, 4 orders: −$71.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$489.92
Costs to cover: 0.936%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 16 min ago; Bitget: live order book, 5 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 ApeX Omni live order book, 16 min ago	28.14 bp	38.4 bp −$38	207.2 bp −$2,072	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.72 bp	8.1 bp −$8	14.3 bp −$143	41.0 bp −$4,095	56.9 bp −$28.4K

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	−0.1997%	8h	138.96	+0.441%	$60.9M	$142.3M	20x
Aster SOXLUSDT	0.0000%	8h	138.77	+0.301%	$196K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	138.70	+0.254%	$51K	$357K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	138.74	+0.282%	$163.2M	$1.47B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	138.77	+0.304%	$46.0M	$223.9M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	138.75	+0.289%	$25.9M	$229.2M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	138.75	+0.289%	$27.8M	$50.9M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	138.74	+0.282%	$14.2M	$55.4M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	138.65	+0.217%	$1.9M	$5.5M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	138.30	−0.037%	$64K	$202K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXL-USDT	0.0000%	8h	138.73	+0.275%	$1K	$4.2M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	138.81	+0.332%	$108K	$358K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	138.39	+0.029%	$87K	$1.3M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	138.72	+0.267%	$2.3M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0003%	8h	138.72	+0.267%	$1.3M	$470K	50x	as long as short
Lighter SOXL	+0.0032%	1h	138.74	+0.282%	$673K	$2.4M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	138.68	+0.239%	$263K	$1.7M	20x	as long as short
QFEX SOXL-USD	+0.0035%	1h	138.73	+0.275%	$257K	$264K	30x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	138.70	+0.253%	$21.0M	$30.3M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	138.19	−0.116%	$211K	$458K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0072%	1h	138.62	+0.196%	$76K	$311K	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	138.73	+0.275%	$6.5M	$11.0M	20x	as long as short
ApeX Omni SOXLUSDTlong	+0.0100%	1h	138.35	long leg	$36K	$142K	50x
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	138.81	+0.332%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	138.80	+0.329%	$5K	—	10x	as long as short
Polymarket Perps SOXL-USD	+0.0174%	1h	138.85	+0.361%	$9K	$292K	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	138.74	+0.282%	$950K	$3.1M	10x	as long as short
edgeX SOXLUSDC	+0.0231%	4h	138.28	−0.053%	$172K	$331K	10x	as long as short