Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h −0.147%

Price spread now: tradeXYZ against Aster+0.021%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days−0.160%−$16 · spread now +0.021%, 7d avg −0.068%

Together, before fees−0.251%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and tradeXYZ is 0.088% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.7% 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	Aster SOXLUSDT	144.54	0	get 0.0000% / 8h	36m 34s	$215K	$1.7M	50x
Short	tradeXYZ xyz:SOXL	144.57	0.0196	get 0.0025% / 1h	36m 34s	$26.2M	$22.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aster. 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 AsterbpFee tradeXYZbpOrdersPrice spread, now +0.021%Rate

Funding earned: $41.23
Price spread: +0.021% → −0.068%: $8.84
Slippage, 4 orders: −$11.34
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $12.73
Costs to cover: 0.373%
Break-even: 4.8 days

Slippage from Aster: live order book, 2 min ago; tradeXYZ: 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 Aster live order book, 2 min ago	2.42 bp	6.9 bp −$7	10.7 bp −$107	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.69 bp	10.6 bp −$11	12.3 bp −$123	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	−0.0023%	1h	144.45	−0.060%	$90K	$303K	20x	as long as short
Aster SOXLUSDTlong	0.0000%	8h	144.54	long leg	$215K	$1.7M	50x
Extended SOXL-USD	0.0000%	1h	144.62	+0.052%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	144.55	+0.007%	$171.0M	$1.19B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.55	+0.007%	$25.5M	$184.0M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.59	+0.035%	$27.1M	$38.9M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	144.67	+0.090%	$14.5M	$46.4M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.51	−0.021%	$60.1M	$109.0M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.44	−0.071%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	144.47	−0.045%	$71K	$169K	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	144.72	+0.125%	$1K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.64	+0.069%	$200K	$546K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.65	+0.076%	$2.5M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0005%	8h	144.69	+0.104%	$1.2M	$491K	50x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.60	+0.042%	$307K	$258K	30x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.65	+0.076%	$343K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.44	−0.069%	$238K	$913K	10x	as long as short
Bybit SOXLUSDT	+0.0065%	8h	144.61	+0.048%	$51.4M	$177.9M	100x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.49	−0.035%	$6.9M	$11.0M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.38	−0.111%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.61	+0.048%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.61	+0.046%	$6K	—	10x	as long as short
edgeX SOXLUSDC	+0.0122%	4h	144.53	−0.005%	$180K	$321K	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.28	−0.180%	$962K	$2.2M	10x	as long as short
Lighter SOXL	+0.0160%	1h	144.61	+0.048%	$802K	$2.6M	20x	as long as short
tradeXYZ xyz:SOXLshort	+0.0196%	1h	144.57	+0.021%	$26.2M	$22.1M	10x
Polymarket Perps SOXL-USD	+0.0548%	1h	144.70	+0.111%	$5K	$265K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.1135%	1h	144.65	+0.076%	$118K	$301K	10x	as long as short