Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h +0.117%

Price spread now: MEXC against Coinbase International+0.070%51s7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.183% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.070%, 7d avg +0.076%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOXL-PERP-INTX	142.63	0.0136	pay 0.0017% / 1h	45m 23s	$747K	$2.6M	10x
Short	MEXC SOXL_USDT	142.73	0	get 0.0000% / 8h	1h 45m	$16.3M	$45.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$28.56
Price spread: +0.070% → +0.076%: −$0.59
Slippage, 4 orders: −$8.32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$47.47
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; MEXC: live order book, 4 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	3.16 bp	8.8 bp −$9	10.5 bp −$105	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.35 bp	0.4 bp $0	0.9 bp −$9	3.5 bp −$353	73.3 bp −$36.7K

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	−0.0007%	8h	142.51	−0.084%	$1.2M	$519K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	142.61	−0.016%	$213K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	142.64	+0.007%	$25K	$336K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	142.76	+0.089%	$166.2M	$1.20B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	142.78	+0.105%	$25.0M	$186.3M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	142.74	+0.077%	$25.6M	$40.1M	50x	as long as short
MEXC SOXL_USDTshort	0.0000%	8h	142.73	+0.070%	$16.3M	$45.6M	200x
Bitget SOXLUSDT	0.0000%	8h	142.79	+0.112%	$59.3M	$110.1M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	142.42	−0.146%	$2.2M	$5.0M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	142.47	−0.111%	$70K	$196K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXL-USDT	0.0000%	8h	142.72	+0.063%	$2K	$4.8M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	142.51	−0.084%	$190K	$534K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	142.53	−0.070%	$2.5M	$1.2M	10x	as long as short
Bybit SOXLUSDT	+0.0020%	8h	142.84	+0.147%	$50.5M	$182.8M	100x	as long as short
Lighter SOXL	+0.0032%	1h	142.57	−0.042%	$767K	$2.7M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	142.70	+0.049%	$324K	$2.0M	20x	as long as short
QFEX SOXL-USD	+0.0038%	1h	142.71	+0.056%	$304K	$259K	30x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	142.71	+0.056%	$25.6M	$23.4M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	142.46	−0.119%	$205K	$889K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	142.64	+0.007%	$6.8M	$11.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	142.42	−0.147%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	142.70	+0.049%	$1K	$5K	20x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0100%	1h	142.78	+0.105%	$116K	$380K	10x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	142.63	−0.003%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTXlong	+0.0136%	1h	142.63	long leg	$747K	$2.6M	10x
Polymarket Perps SOXL-USD	+0.0219%	1h	142.82	+0.133%	$6K	$265K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0302%	1h	142.35	−0.197%	$88K	$311K	20x	as long as short
edgeX SOXLUSDC	+0.0799%	4h	142.45	−0.127%	$178K	$320K	10x	as long as short