Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0118%/8h= +13.0% APRpaid last 24h −0.212%

Price spread now: Coinbase International against BloFin0.000%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now 0.000%, 7d avg −0.037%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.037% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SOXL-USDT	144.80	0.0026	pay 0.0026% / 8h	17m 00s	$1.2M	$490K	50x
Short	Coinbase International SOXL-PERP-INTX	144.80	0.0144	get 0.0018% / 1h	17m 00s	$977K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now 0.000%Rate

Funding earned: $24.85
Price spread: 0.000% → −0.037%: $3.72
Slippage, 4 orders: −$10.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$3.46
Costs to cover: 0.320%
Break-even: 8.0 days

Slippage from BloFin: live order book, 5 min ago; Coinbase International: 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 BloFin live order book, 5 min ago	0.34 bp	6.3 bp −$6	6.6 bp −$66	9.3 bp −$928	27.6 bp −$13.8K
Sell Coinbase International live order book, 2 min ago	4.14 bp	9.1 bp −$9	14.3 bp −$143	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	144.65	−0.107%	$90K	$303K	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.66	−0.097%	$215K	$1.6M	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.69	−0.076%	$25.6M	$184.3M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.61	−0.131%	$27.4M	$39.6M	50x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.65	−0.104%	$60.3M	$109.2M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.68	−0.086%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	144.97	+0.117%	$72K	$163K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.69	−0.076%	$1K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.67	−0.090%	$194K	$588K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.65	−0.104%	$2.5M	$1.2M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXL_USDT	+0.0014%	8h	144.67	−0.090%	$14.2M	$46.6M	200x	as long as short
Extended SOXL-USD	+0.0016%	1h	144.67	−0.087%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	+0.0020%	8h	144.69	−0.076%	$172.2M	$1.19B	50x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.74	−0.041%	$308K	$257K	30x	as long as short
BloFin SOXL-USDTlong	+0.0026%	8h	144.80	long leg	$1.2M	$490K	50x
Lighter RH SOXL	+0.0032%	1h	144.64	−0.110%	$343K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.68	−0.083%	$238K	$915K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.71	−0.062%	$6.9M	$10.8M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.75	−0.035%	$38K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.69	−0.076%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.71	−0.061%	$6K	—	10x	as long as short
Bybit SOXLUSDT	+0.0111%	8h	144.75	−0.035%	$51.5M	$178.1M	100x	as long as short
Coinbase International SOXL-PERP-INTXshort	+0.0144%	1h	144.80	0.000%	$977K	$2.3M	10x
tradeXYZ xyz:SOXL	+0.0200%	1h	144.55	−0.173%	$26.3M	$22.0M	10x	as long as short
Lighter SOXL	+0.0208%	1h	144.60	−0.138%	$802K	$2.6M	20x	as long as short
edgeX SOXLUSDC	+0.0268%	4h	144.92	+0.086%	$181K	$323K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0588%	1h	144.84	+0.028%	$5K	$265K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0788%	1h	144.69	−0.076%	$118K	$297K	10x	as long as short