Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.031%

Price spread now: MEXC against Deribit+0.109%7-day average +0.077% · 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−$25as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.181%+$18 on $10k

Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.109%, 7d avg +0.077%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.032% dearer against Deribit than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.077%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 4 days funding on this pair paid +0.181%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOXL_USDC-PERPETUAL	146.50	0.0296	pay 0.0037% / 1h	48m 29s	$119K	$276K	10x
Short	MEXC SOXL_USDT	146.66	0.0088	get 0.0088% / 8h	7h 48m	$14.0M	$46.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$43.76
Price spread: +0.109% → +0.077%: $3.18
Slippage, 4 orders: −$20.69
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$68.27
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Deribit: live order book, 25 min ago; MEXC: live order book, 10 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, 25 min ago	0.35 bp	17.0 bp −$17	21.1 bp −$211	doesn't fit	doesn't fit
Sell MEXC live order book, 10 min ago	0.34 bp	0.3 bp $0	0.7 bp −$7	4.6 bp −$462	66.8 bp −$33.4K

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
Aster SOXLUSDT	0.0000%	8h	146.40	−0.069%	$217K	$1.6M	50x	as long as short
Gate SOXL_USDT	0.0000%	8h	146.65	+0.102%	$28.2M	$38.2M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	146.39	−0.075%	$2K	$4.6M	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	146.40	−0.068%	$2.5M	$1.2M	10x	as long as short
Bitget SOXLUSDT	+0.0015%	8h	146.52	+0.014%	$62.1M	$109.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	146.69	+0.130%	$347K	$1.8M	20x	as long as short
Variational Omni SOXL	+0.0043%	8h	145.75	−0.510%	$2.2M	$5.0M	—	as long as short
Lighter SOXL	+0.0056%	1h	146.64	+0.096%	$820K	$2.6M	20x	as long as short
OKX SOXL-USDT-SWAP	+0.0061%	8h	146.51	+0.007%	$25.8M	$185.5M	20x	as long as short
QFEX SOXL-USD	+0.0070%	1h	146.65	+0.102%	$271K	$271K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXL-USDT	+0.0075%	8h	146.56	+0.041%	$1.3M	$490K	50x	as long as short
Extended SOXL-USD	+0.0088%	1h	146.68	+0.121%	$25K	$318K	10x	as long as short
MEXC SOXL_USDTshort	+0.0088%	8h	146.66	+0.109%	$14.0M	$46.8M	200x
Binance SOXLUSDT	+0.0094%	8h	146.67	+0.116%	$176.4M	$1.20B	50x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.49	−0.007%	$7.0M	$10.6M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	145.71	−0.539%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.52	+0.014%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.15	−0.239%	$6K	—	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0117%	1h	146.56	+0.041%	$240K	$768K	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.02	−0.328%	$1.1M	$2.2M	10x	as long as short
HTX SOXL-USDT	+0.0285%	8h	146.40	−0.068%	$184K	$592K	50x	as long as short
Deribit SOXL_USDC-PERPETUALlong	+0.0296%	1h	146.50	long leg	$119K	$276K	10x
Kraken Futures PF_SOXLUSD	+0.0425%	1h	146.39	−0.074%	$90K	$301K	20x	as long as short
Bybit SOXLUSDT	+0.0547%	8h	146.55	+0.034%	$52.8M	$179.1M	100x	as long as short
tradeXYZ xyz:SOXL	+0.0639%	1h	146.57	+0.048%	$26.8M	$20.8M	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0649%	8h	145.24	−0.859%	$71K	$157K	10x	as long as short
edgeX SOXLUSDC	+0.0699%	4h	145.28	−0.832%	$181K	$321K	10x	as long as short
Polymarket Perps SOXL-USD	+0.1071%	1h	146.70	+0.137%	$5K	$266K	10x	as long as short