Funding arb · Price arb /

SOXL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.2159%/8h= −236.4% APRpaid last 24h −0.006%

Price spread now: Bitget against Deribit+0.036%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.036%, 7d avg −0.023%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.059% dearer against Deribit than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.023%): +$6 on $10k if it goes back. Holding the pair costs −$65 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 4 days funding on this pair paid +0.054%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.054% in total (about 5.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOXL_USDC-PERPETUAL	139.15	0	get 0.0000% / 1h	57m 15s	$119K	$352K	10x
Short	Bitget SOXLUSDT	139.20	−0.2159	pay 0.2159% / 8h	1h 57m	$60.0M	$137.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$453.39
Price spread: +0.036% → −0.023%: $5.94
Slippage, 4 orders: −$16.61
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$483.06
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Deribit: live order book, 51 min ago; Bitget: 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 Deribit live order book, 51 min ago	3.90 bp	12.7 bp −$13	21.2 bp −$212	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.72 bp	8.0 bp −$8	11.5 bp −$115	31.7 bp −$3,171	48.6 bp −$24.3K

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
Bitget SOXLUSDTshort	−0.2159%	8h	139.20	+0.036%	$60.0M	$137.7M	20x
BloFin SOXL-USDT	−0.0005%	8h	138.94	−0.151%	$1.3M	$467K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	138.98	−0.124%	$197K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	139.20	+0.038%	$33K	$311K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	138.95	−0.142%	$163.9M	$1.44B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	138.98	−0.122%	$46.2M	$228.0M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	138.94	−0.151%	$26.2M	$223.8M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	139.26	+0.079%	$28.1M	$48.9M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	138.96	−0.137%	$16.1M	$54.6M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	139.70	+0.395%	$1.9M	$5.4M	—	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	139.58	+0.312%	$64K	$202K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	139.04	−0.079%	$2K	$4.3M	10x	as long as short
Deribit SOXL_USDC-PERPETUALlong	0.0000%	1h	139.15	long leg	$119K	$352K	10x
HTX SOXL-USDT	0.0000%	8h	139.10	−0.036%	$92K	$1.3M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	138.99	−0.115%	$2.3M	$1.2M	10x	as long as short
Lighter SOXL	+0.0032%	1h	139.05	−0.072%	$688K	$2.3M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	139.01	−0.101%	$268K	$1.7M	20x	as long as short
QFEX SOXL-USD	+0.0046%	1h	139.12	−0.022%	$257K	$266K	30x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	139.16	+0.007%	$21.7M	$29.7M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	139.22	+0.050%	$212K	$510K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	139.03	−0.086%	$6.6M	$10.8M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	139.65	+0.359%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	139.24	+0.065%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	139.22	+0.049%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	139.42	+0.194%	$951K	$3.2M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0216%	1h	139.33	+0.129%	$8K	$291K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0432%	1h	139.23	+0.057%	$83K	$297K	20x	as long as short
edgeX SOXLUSDC	+0.0554%	4h	139.35	+0.146%	$174K	$329K	10x	as long as short