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 −0.034%

Price spread now: Phemex against Coinbase International+0.216%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1491.485% of the position

Long on Coinbase International Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.479%−$48 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.216%, 7d avg +0.023%

Together, before fees−0.658%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.193% dearer against Coinbase International than usual: you sell high and buy low (spread +0.216% now, against its 7-day average of +0.023%): +$19 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOXL-PERP-INTX	143.47	0.0120	pay 0.0015% / 1h	45m 50s	$762K	$2.7M	10x
Short	Phemex SOXLUSDT	143.78	0	get 0.0000% / 8h	3h 45m	$2.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.216%Rate

Funding earned: −$25.2
Price spread: +0.216% → +0.023%: $19.26
Slippage, 4 orders: −$126.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$154.45
Costs to cover: 1.485%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Phemex: live order book, 3 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	4.54 bp	10.7 bp −$11	16.1 bp −$161	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	3.84 bp	59.2 bp −$59	doesn't fit	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	0.000%	$1.2M	$471K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	143.63	+0.114%	$231K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	143.44	−0.021%	$19K	$250K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	143.47	0.000%	$166.7M	$1.27B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	143.51	+0.028%	$47.5M	$196.4M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	143.47	0.000%	$24.1M	$198.5M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	143.52	+0.035%	$26.5M	$43.7M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	143.48	+0.007%	$15.0M	$49.7M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	143.54	+0.049%	$59.3M	$115.5M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	143.77	+0.209%	$2.3M	$4.8M	—	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	−0.637%	$67K	$178K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	143.81	+0.237%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	143.64	+0.118%	$181K	$575K	50x	as long as short
Phemex SOXLUSDTshort	0.0000%	8h	143.78	+0.216%	$2.4M	$1.2M	10x
QFEX SOXL-USD	+0.0004%	1h	143.62	+0.105%	$266K	$266K	30x	as long as short
Lighter SOXL	+0.0032%	1h	143.74	+0.188%	$709K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	143.71	+0.167%	$270K	$1.8M	20x	as long as short
Kraken Futures PF_SOXLUSD	+0.0050%	1h	143.75	+0.198%	$87K	$285K	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	143.56	+0.063%	$25.1M	$22.9M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	143.26	−0.146%	$200K	$488K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0098%	1h	143.80	+0.230%	$112K	$316K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	143.54	+0.049%	$6.9M	$10.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	142.56	−0.634%	$37K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	143.63	+0.112%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	143.59	+0.081%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTXlong	+0.0120%	1h	143.47	long leg	$762K	$2.7M	10x
Polymarket Perps SOXL-USD	+0.0146%	1h	143.88	+0.286%	$3K	$268K	10x	as long as short
edgeX SOXLUSDC	+0.0596%	4h	142.84	−0.438%	$178K	$329K	10x	as long as short