Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.022%

Price spread now: Coinbase International against Bybit−0.146%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$22 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.146%, 7d avg −0.017%

Together, before fees+0.308%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.129% cheaper against Bybit than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of −0.017%). If the spread goes back, that is −$13 on $10k: about 3.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOXLUSDT	143.68	0	get 0.0000% / 8h	3h 46m	$47.5M	$196.3M	100x
Short	Coinbase International SOXL-PERP-INTX	143.47	0.0120	get 0.0015% / 1h	46m 54s	$762K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.146%Rate

Funding earned: $25.2
Price spread: −0.146% → −0.017%: −$12.93
Slippage, 4 orders: −$13.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.77
Costs to cover: 0.340%
Break-even: 13.0 days

Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.35 bp	6.9 bp −$7	9.7 bp −$97	84.8 bp −$8,481	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.54 bp	9.5 bp −$10	12.6 bp −$126	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
BloFin SOXL-USDT	−0.0016%	8h	143.47	−0.146%	$1.2M	$471K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	143.43	−0.176%	$230K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	143.58	−0.073%	$19K	$250K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	143.65	−0.019%	$166.9M	$1.27B	50x	as long as short
Bybit SOXLUSDTlong	0.0000%	8h	143.68	long leg	$47.5M	$196.3M	100x
OKX SOXL-USDT-SWAP	0.0000%	8h	143.67	−0.007%	$24.1M	$198.7M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	143.49	−0.132%	$26.4M	$43.7M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	143.68	0.000%	$15.1M	$49.7M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	143.67	−0.007%	$59.4M	$115.4M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	143.47	−0.146%	$2.3M	$4.7M	—	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	142.56	−0.783%	$67K	$178K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	143.51	−0.118%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	143.19	−0.341%	$180K	$575K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	143.45	−0.160%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0004%	1h	143.50	−0.125%	$265K	$266K	30x	as long as short
Lighter SOXL	+0.0032%	1h	143.42	−0.181%	$707K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	143.41	−0.188%	$270K	$1.8M	20x	as long as short
Kraken Futures PF_SOXLUSD	+0.0050%	1h	143.58	−0.068%	$87K	$285K	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	143.55	−0.090%	$25.1M	$22.9M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	143.26	−0.292%	$201K	$488K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	143.56	−0.084%	$6.9M	$10.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	142.56	−0.780%	$37K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	143.39	−0.202%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	143.35	−0.230%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTXshort	+0.0120%	1h	143.47	−0.146%	$762K	$2.7M	10x
Polymarket Perps SOXL-USD	+0.0125%	1h	143.55	−0.090%	$3K	$268K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0238%	1h	143.43	−0.174%	$112K	$316K	10x	as long as short
edgeX SOXLUSDC	+0.0596%	4h	142.84	−0.583%	$178K	$329K	10x	as long as short