Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.070%

Price spread now: SunX against Coinbase International0.000%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$870.870% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 on $10k

Price spread, last 3 days (all we have)+0.092%+$9 · spread now 0.000%, 7d avg +0.029%

Together, before fees−0.357%−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SunX is 0.029% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOXL-PERP-INTX	146.91	0.0208	pay 0.0026% / 1h	4m 13s	$1.0M	$2.3M	10x
Short	SunX SOXL-USDT	146.91	0	get 0.0000% / 8h	7h 04m	$1K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$43.68
Price spread: 0.000% → +0.029%: −$2.85
Slippage, 4 orders: −$68.96
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$133.49
Costs to cover: 0.870%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; SunX: 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, 5 min ago	4.43 bp	11.6 bp −$12	14.8 bp −$148	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	28.95 bp	32.9 bp −$33	62.3 bp −$623	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
Gate SOXL_USDT	0.0000%	8h	146.95	+0.027%	$27.9M	$40.2M	50x	as long as short
SunX SOXL-USDTshort	0.0000%	8h	146.91	0.000%	$1K	$4.5M	10x
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	146.84	−0.048%	$119K	$287K	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	146.81	−0.068%	$2.5M	$1.2M	10x	as long as short
Aster SOXLUSDT	+0.0010%	8h	146.68	−0.155%	$251K	$1.6M	50x	as long as short
Lighter SOXL	+0.0032%	1h	146.77	−0.095%	$815K	$2.6M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	146.82	−0.061%	$349K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	146.56	−0.238%	$229K	$709K	10x	as long as short
Bybit SOXLUSDT	+0.0059%	8h	146.84	−0.048%	$53.2M	$182.5M	100x	as long as short
QFEX SOXL-USD	+0.0070%	1h	146.98	+0.048%	$272K	$271K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SOXLUSDTM	+0.0100%	8h	146.82	−0.061%	$7.0M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	146.58	−0.225%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.91	0.000%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.83	−0.053%	$6K	—	10x	as long as short
OKX SOXL-USDT-SWAP	+0.0109%	8h	146.84	−0.048%	$26.8M	$189.8M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0136%	1h	146.94	+0.020%	$26.4M	$22.1M	10x	as long as short
Coinbase International SOXL-PERP-INTXlong	+0.0208%	1h	146.91	long leg	$1.0M	$2.3M	10x
Variational Omni SOXL	+0.0217%	8h	146.87	−0.029%	$2.4M	$5.0M	—	as long as short
MEXC SOXL_USDT	+0.0258%	8h	146.96	+0.034%	$13.8M	$48.1M	200x	as long as short
Binance SOXLUSDT	+0.0261%	8h	146.81	−0.068%	$172.7M	$1.22B	50x	as long as short
Extended SOXL-USD	+0.0264%	1h	146.84	−0.049%	$25K	$273K	10x	as long as short
BloFin SOXL-USDT	+0.0275%	8h	146.89	−0.014%	$1.3M	$497K	50x	as long as short
HTX SOXL-USDT	+0.0289%	8h	146.97	+0.041%	$186K	$637K	50x	as long as short
Kraken Futures PF_SOXLUSD	+0.0424%	1h	146.78	−0.091%	$89K	$304K	20x	as long as short
Polymarket Perps SOXL-USD	+0.0475%	1h	147.09	+0.123%	$5K	$266K	10x	as long as short
Bitget SOXLUSDT	+0.0609%	8h	146.85	−0.041%	$62.2M	$112.2M	20x	as long as short
GRVT SOXL_USDT_Perp	+0.0697%	8h	146.57	−0.229%	$72K	$165K	10x	as long as short
edgeX SOXLUSDC	+0.0903%	4h	146.83	−0.053%	$183K	$323K	10x	as long as short