Funding arb · Price arb / RWA

SOXL

RWAAll SOXL markets →

LONGBingX▾BingX +0.1609%

⇄⇅

SHORTHTX▾HTX 0.0000%

Backtest 30d

☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKSOXL2USD-USDT	47.330	+0.1609	pay 0.1609% / 8h	7h 42m	$934K	$39.2M	—	Long BingX
SHORT	HTXSOXL-USDT	43.180	0	0.0000% / 8h	7h 42m	$664K	$5.0M	50x	Short HTX

Price gap−8.768%

Funding gap−0.1609% /8h

Both sides work against this direction now: funding costs $48 a day on $10k and the gap is 8.808% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.553% in total, about −0.0264%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−8.768%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

BingXHTX

SOXL on 32 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• !
  Watch: Thin at this size6.1 / 273.1 bp

  At $10k entering HTX costs 273.1 bp, fee and slippage, 45.0× BingX’s.
• i
  Note: Margin at max leverage— + $200

  BingX —, HTX 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval8h / 8h

  Both legs pay at the same time.

  Long BingX · 8h−$48.27

  Short HTX · 8h$0.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$48.27Long BingX: 3 payments, −$48.27; short HTX: 3 payments, $0.00.
• !
  Watch: Gap narrower than usual−8.768% vs +0.040%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Short leg is thinner$664K vs $934K OI

  HTX sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBingX Yes · HTX Limited

  Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0264%/8h × 21 periods−$55.34

Price spread−8.768% → +0.040% (7d avg)−$880.83

Slippage, 4 orderslive order books−$4,155.11

Fee BingX bp × 2 orders−$10.00

Fee HTX bp × 2 orders−$12.00

Net · 7 days · $10k−$5,113.28

Costs to cover41.771%Break-evennever at this rate

Slippage: BingX: live order book, 4 min ago; HTX: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBingX1.076.1 bp−$66.1 bp−$618.2 bp−$82536.8 bp−$18.4K

SELL · SHORTHTX62.66273.1 bp−$273doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

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Tell me when it goes above%/8hNot more often than everymin

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SOXL news

posts that mention SOXL or Direxion Semiconductor Bull 3x, from every exchange

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11-04 19:06	Ondo Perps	Other	Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗
10-27 14:15	Phemex	Other	Chips ripped +2.8%, best day since Sept. Then the bell rang and... nothing stopped. $SOXL trades 24/7 on Phemex. still riding semis 🟢 or taking profit 🔴? 👉 @Phemex_official on X ↗
10-27 14:04	Phemex	Other	Chips ripped +2.8%, best day since Sept. Then the bell rang and... nothing stopped. $SOXL trades 24/7 on Phemex. still riding semis 🟢 or taking profit 🔴? 👉 @Phemex_official on X ↗
10-27 13:21	Ondo Perps	Other	Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗
10-19 12:48	Polymarket Perps	Other	JUST IN: South Korean stocks rally as semiconductor names show strength, with $SOXL, $SKHYNIX, & $EWY among the top gainers on Polymarket Perps. @Poly_Perps on X ↗
10-12 17:13	Aster	Listing	new market SOXLUSD1 ($SOXL) seen by our collector