Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.036%

Price spread now: Phemex against ApeX Omni+0.132%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1811.808% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now +0.132%, 7d avg +0.064%

Together, before fees−0.205%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.068% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.064%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOXLUSDT	144.23	0.0100	pay 0.0013% / 1h	40m 40s	$38K	$142K	50x
Short	Phemex SOXLUSDT	144.42	0	get 0.0000% / 8h	40m 40s	$2.5M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$21
Price spread: +0.132% → +0.064%: $6.79
Slippage, 4 orders: −$158.82
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$195.02
Costs to cover: 1.808%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 35 min ago; Phemex: 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 ApeX Omni live order book, 35 min ago	26.89 bp	38.7 bp −$39	201.8 bp −$2,018	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.73 bp	53.1 bp −$53	doesn't fit	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
Kraken Futures PF_SOXLUSD	−0.0024%	1h	144.26	+0.019%	$89K	$304K	20x	as long as short
BloFin SOXL-USDT	−0.0010%	8h	144.46	+0.159%	$1.2M	$490K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.40	+0.118%	$215K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	144.52	+0.204%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	144.54	+0.217%	$170.7M	$1.19B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.56	+0.229%	$25.4M	$184.1M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.51	+0.194%	$27.1M	$38.8M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	144.53	+0.208%	$14.7M	$46.4M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.50	+0.187%	$60.1M	$109.0M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.44	+0.143%	$2.2M	$4.9M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SOXL_USDT_Perp	0.0000%	8h	144.49	+0.183%	$71K	$169K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.48	+0.173%	$2K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.51	+0.194%	$200K	$546K	50x	as long as short
Phemex SOXLUSDTshort	0.0000%	8h	144.42	+0.132%	$2.5M	$1.2M	10x
QFEX SOXL-USD	+0.0021%	1h	144.34	+0.076%	$307K	$258K	30x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.48	+0.173%	$343K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.30	+0.049%	$238K	$913K	10x	as long as short
Bybit SOXLUSDT	+0.0056%	8h	144.54	+0.215%	$51.4M	$178.2M	100x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.34	+0.076%	$6.9M	$11.1M	20x	as long as short
ApeX Omni SOXLUSDTlong	+0.0100%	1h	144.23	long leg	$38K	$142K	50x
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.40	+0.118%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.33	+0.073%	$6K	—	10x	as long as short
Lighter SOXL	+0.0128%	1h	144.44	+0.146%	$802K	$2.6M	20x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.28	+0.035%	$962K	$2.3M	10x	as long as short
tradeXYZ xyz:SOXL	+0.0194%	1h	144.42	+0.132%	$26.1M	$22.6M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0531%	1h	144.52	+0.201%	$5K	$265K	10x	as long as short
edgeX SOXLUSDC	+0.0661%	4h	144.42	+0.129%	$180K	$323K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0859%	1h	144.46	+0.159%	$117K	$315K	10x	as long as short