Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0542%/8h= −59.4% APRpaid last 24h −0.132%

Price spread now: Coinbase International against edgeX+0.280%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.385%−$38 · spread now +0.280%, 7d avg +0.010%

Together, before fees−0.506%+ Points / potential airdropedgeX: Active · farm board−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.270% dearer against edgeX than usual: you sell high and buy low (spread +0.280% now, against its 7-day average of +0.010%): +$27 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.121% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% 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	138.45	0.0742	pay 0.0371% / 4h	1h 49m	$172K	$330K	10x
Short	Coinbase International SOXL-PERP-INTX	138.84	0.0200	get 0.0025% / 1h	49m 19s	$947K	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.280%Rate

Funding earned: −$113.92
Price spread: +0.280% → +0.010%: $26.98
Slippage, 4 orders: −$50.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$156.27
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from edgeX: live order book, 59 min ago; Coinbase International: live order book, 5 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, 59 min ago	20.60 bp	25.7 bp −$26	30.2 bp −$302	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.61 bp	9.4 bp −$9	12.8 bp −$128	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
Bitget SOXLUSDT	−0.2277%	8h	138.88	+0.309%	$60.0M	$138.3M	20x	as long as short
BloFin SOXL-USDT	−0.0017%	8h	138.95	+0.359%	$1.3M	$467K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	138.73	+0.203%	$197K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	138.88	+0.309%	$33K	$311K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	138.74	+0.205%	$163.9M	$1.45B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	138.68	+0.164%	$46.1M	$229.0M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	138.65	+0.143%	$26.3M	$224.9M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	138.74	+0.208%	$28.1M	$49.1M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	138.72	+0.193%	$17.1M	$54.9M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	138.95	+0.361%	$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	139.02	+0.409%	$64K	$203K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	138.93	+0.345%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	138.59	+0.099%	$92K	$1.3M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	139.14	+0.497%	$2.3M	$1.2M	10x	as long as short
Lighter SOXL	+0.0032%	1h	138.85	+0.287%	$686K	$2.3M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	138.83	+0.273%	$269K	$1.7M	20x	as long as short
QFEX SOXL-USD	+0.0046%	1h	138.87	+0.302%	$256K	$266K	30x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	138.59	+0.099%	$21.4M	$29.8M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	138.30	−0.110%	$210K	$507K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	138.85	+0.287%	$6.6M	$10.9M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	138.52	+0.049%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	138.64	+0.135%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	138.65	+0.143%	$5K	—	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0182%	1h	138.88	+0.309%	$118K	$352K	10x	as long as short
Coinbase International SOXL-PERP-INTXshort	+0.0200%	1h	138.84	+0.280%	$947K	$3.2M	10x
Polymarket Perps SOXL-USD	+0.0240%	1h	138.88	+0.309%	$8K	$291K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0432%	1h	139.00	+0.395%	$83K	$296K	20x	as long as short
edgeX SOXLUSDClong	+0.0742%	4h	138.45	long leg	$172K	$330K	10x