Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0756%/8h= −82.8% APRpaid last 24h +0.087%

Price spread now: Bybit against edgeX−0.045%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 3 days (all we have)−0.050%−$5 · spread now −0.045%, 7d avg +0.024%

Together, before fees−0.277%+ Points / potential airdropedgeX: Active · farm board−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.069% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.227% in total (about -11.8% 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	edgeX SOXLUSDC	144.64	0.0850	pay 0.0425% / 4h	23m 16s	$180K	$322K	10x
Short	Bybit SOXLUSDT	144.57	0.0093	get 0.0093% / 8h	23m 16s	$51.6M	$177.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$158.8
Price spread: −0.045% → +0.024%: −$6.94
Slippage, 4 orders: −$45.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$231.3
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from edgeX: live order book, 55 min ago; Bybit: live order book, 6 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 edgeX live order book, 55 min ago	20.60 bp	26.3 bp −$26	31.4 bp −$314	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.35 bp	6.9 bp −$7	10.6 bp −$106	64.7 bp −$6,472	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	−0.0029%	8h	144.62	−0.011%	$1.2M	$489K	50x	as long as short
Kraken Futures PF_SOXLUSD	−0.0023%	1h	144.47	−0.113%	$90K	$304K	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.56	−0.051%	$217K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	144.50	−0.092%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	144.55	−0.059%	$172.0M	$1.19B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.55	−0.059%	$25.6M	$183.8M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.49	−0.101%	$27.3M	$39.3M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	144.54	−0.066%	$14.5M	$46.5M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.48	−0.108%	$60.2M	$109.1M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.59	−0.033%	$2.2M	$4.9M	—	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	144.60	−0.022%	$71K	$164K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.65	+0.010%	$1K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.68	+0.031%	$200K	$546K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.54	−0.066%	$2.5M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.54	−0.066%	$307K	$258K	30x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.55	−0.059%	$343K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.47	−0.115%	$238K	$914K	10x	as long as short
Bybit SOXLUSDTshort	+0.0093%	8h	144.57	−0.045%	$51.6M	$177.8M	100x
KuCoin SOXLUSDTM	+0.0100%	8h	144.57	−0.045%	$6.9M	$10.9M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.65	+0.010%	$38K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.52	−0.080%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.47	−0.114%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.50	−0.094%	$963K	$2.3M	10x	as long as short
Lighter SOXL	+0.0184%	1h	144.50	−0.094%	$801K	$2.6M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0199%	1h	144.45	−0.128%	$26.2M	$21.9M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0574%	1h	144.66	+0.017%	$5K	$265K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0789%	1h	144.53	−0.073%	$117K	$296K	10x	as long as short
edgeX SOXLUSDClong	+0.0850%	4h	144.64	long leg	$180K	$322K	10x