Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.031%

Price spread now: Binance against Coinbase International+0.063%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.063%, 7d avg −0.026%

Together, before fees−0.205%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.089% dearer against Coinbase International than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.026%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOXL-PERP-INTX	145.33	0.0152	pay 0.0019% / 1h	20m 48s	$905K	$2.6M	10x
Short	Binance SOXLUSDT	145.42	0	get 0.0000% / 8h	4h 20m	$170.2M	$1.24B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.063%Rate

Funding earned: −$31.92
Price spread: +0.063% → −0.026%: $8.91
Slippage, 4 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$48
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Binance: live order book, 8 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 Coinbase International live order book, 3 min ago	1.72 bp	7.3 bp −$7	12.7 bp −$127	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.34 bp	5.3 bp −$5	6.2 bp −$62	15.6 bp −$1,565	84.4 bp −$42.2K

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	−0.0116%	1h	145.46	+0.086%	$88K	$304K	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	145.40	+0.045%	$232K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	145.34	+0.005%	$29K	$241K	10x	as long as short
Binance SOXLUSDTshort	0.0000%	8h	145.42	+0.063%	$170.2M	$1.24B	50x
Bybit SOXLUSDT	0.0000%	8h	145.44	+0.076%	$51.4M	$187.4M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	145.43	+0.069%	$24.6M	$197.0M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	145.40	+0.048%	$27.3M	$43.1M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	145.37	+0.028%	$15.1M	$49.5M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	145.39	+0.041%	$60.2M	$113.0M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	145.50	+0.116%	$2.4M	$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	145.64	+0.213%	$70K	$176K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	145.51	+0.124%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	145.61	+0.193%	$183K	$569K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	145.42	+0.062%	$2.5M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0014%	8h	145.44	+0.076%	$1.2M	$477K	50x	as long as short
QFEX SOXL-USD	+0.0021%	1h	145.50	+0.117%	$269K	$266K	30x	as long as short
Lighter SOXL	+0.0032%	1h	145.42	+0.062%	$729K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	145.39	+0.041%	$276K	$1.9M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	145.39	+0.041%	$25.5M	$22.8M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	145.41	+0.055%	$207K	$490K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0094%	1h	145.44	+0.076%	$115K	$289K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	145.43	+0.069%	$7.0M	$10.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	145.34	+0.007%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	145.43	+0.069%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	145.42	+0.062%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTXlong	+0.0152%	1h	145.33	long leg	$905K	$2.6M	10x
Polymarket Perps SOXL-USD	+0.0169%	1h	145.65	+0.220%	$3K	$269K	10x	as long as short
edgeX SOXLUSDC	+0.0979%	4h	145.47	+0.096%	$181K	$327K	10x	as long as short