Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.230%

Price spread now: Phemex against Binance−0.021%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$940.940% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.304%−$30 on $10k

Price spread, last 2 days (all we have)+0.054%+$5 · spread now −0.021%, 7d avg +0.041%

Together, before fees−0.250%−$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.062% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOXLUSDT	144.52	0	get 0.0000% / 8h	46m 11s	$170.7M	$1.19B	50x
Short	Phemex SOXLUSDT	144.49	0	get 0.0000% / 8h	46m 11s	$2.5M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.041%: −$6.2
Slippage, 4 orders: −$72.01
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$100.21
Costs to cover: 0.940%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Phemex: live order book, 2 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 Binance live order book, 13 min ago	0.35 bp	5.3 bp −$5	7.2 bp −$72	19.1 bp −$1,907	80.2 bp −$40.1K
Sell Phemex live order book, 2 min ago	2.08 bp	36.1 bp −$36	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	−0.0023%	1h	144.37	−0.105%	$89K	$304K	20x	as long as short
BloFin SOXL-USDT	−0.0023%	8h	144.53	+0.007%	$1.2M	$491K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.40	−0.083%	$213K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	144.48	−0.025%	$27K	$338K	10x	as long as short
Binance SOXLUSDTlong	0.0000%	8h	144.52	long leg	$170.7M	$1.19B	50x
OKX SOXL-USDT-SWAP	0.0000%	8h	144.49	−0.021%	$25.4M	$184.4M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.45	−0.048%	$27.0M	$38.7M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	144.50	−0.014%	$15.0M	$46.3M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.45	−0.048%	$60.0M	$109.1M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.19	−0.230%	$2.3M	$4.8M	—	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	144.34	−0.126%	$71K	$169K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.56	+0.028%	$1K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.69	+0.118%	$200K	$554K	50x	as long as short
Phemex SOXLUSDTshort	0.0000%	8h	144.49	−0.021%	$2.5M	$1.2M	10x
QFEX SOXL-USD	+0.0021%	1h	144.51	−0.007%	$307K	$258K	30x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.48	−0.028%	$343K	$1.9M	20x	as long as short
Bybit SOXLUSDT	+0.0046%	8h	144.53	+0.007%	$51.5M	$178.7M	100x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.14	−0.263%	$238K	$912K	10x	as long as short
Lighter SOXL	+0.0088%	1h	144.41	−0.076%	$814K	$2.6M	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.31	−0.145%	$6.9M	$11.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.05	−0.325%	$37K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.49	−0.021%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.44	−0.055%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.43	−0.062%	$963K	$2.3M	10x	as long as short
tradeXYZ xyz:SOXL	+0.0210%	1h	144.42	−0.069%	$26.1M	$22.6M	10x	as long as short
edgeX SOXLUSDC	+0.0301%	4h	144.28	−0.164%	$180K	$322K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0534%	1h	144.60	+0.055%	$5K	$265K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.1067%	1h	144.49	−0.021%	$117K	$317K	10x	as long as short