Funding arb · Price arb /

SOXL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0783%/8h= −85.8% APRpaid last 24h −0.048%

Price spread now: Extended against edgeX+0.213%73s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.599% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.331%−$33 on $10k

Price spread, last 3 days (all we have)−0.328%−$33 · spread now +0.213%, 7d avg −0.011%

Together, before fees−0.659%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.224% dearer against edgeX than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of −0.011%): +$22 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.331% in total) that is about 4.7 days. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.331% in total (about -17.3% 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	144.54	0.0791	pay 0.0396% / 4h	19m 59s	$180K	$322K	10x
Short	Extended SOXL-USD	144.84	0.0008	get 0.0001% / 1h	19m 59s	$27K	$338K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.213%Rate

Funding earned: −$164.49
Price spread: +0.213% → −0.011%: $22.4
Slippage, 4 orders: −$45.9
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$201.99
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from edgeX: live order book, 58 min ago; Extended: live order book, 57 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, 58 min ago	20.60 bp	26.3 bp −$26	31.4 bp −$314	doesn't fit	doesn't fit
Sell Extended live order book, 57 min ago	0.70 bp	3.6 bp −$4	13.0 bp −$130	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
BloFin SOXL-USDT	−0.0025%	8h	144.69	+0.106%	$1.2M	$489K	50x	as long as short
Kraken Futures PF_SOXLUSD	−0.0023%	1h	144.67	+0.094%	$90K	$303K	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.72	+0.127%	$215K	$1.6M	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.81	+0.190%	$25.6M	$184.3M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.74	+0.141%	$27.4M	$39.5M	50x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.77	+0.162%	$60.4M	$109.1M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.68	+0.096%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	144.57	+0.023%	$71K	$163K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.87	+0.231%	$1K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.81	+0.190%	$200K	$559K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXLUSDT	0.0000%	8h	144.80	+0.183%	$2.5M	$1.2M	10x	as long as short
MEXC SOXL_USDT	+0.0002%	8h	144.85	+0.217%	$14.5M	$46.5M	200x	as long as short
Extended SOXL-USDshort	+0.0008%	1h	144.84	+0.213%	$27K	$338K	10x
Binance SOXLUSDT	+0.0008%	8h	144.81	+0.190%	$172.4M	$1.19B	50x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.78	+0.169%	$308K	$257K	30x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.80	+0.183%	$344K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.68	+0.100%	$238K	$915K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.66	+0.086%	$6.9M	$10.9M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.59	+0.037%	$38K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.82	+0.196%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.84	+0.208%	$6K	—	10x	as long as short
Bybit SOXLUSDT	+0.0104%	8h	144.85	+0.217%	$51.7M	$178.1M	100x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.80	+0.183%	$977K	$2.3M	10x	as long as short
Lighter SOXL	+0.0200%	1h	144.75	+0.148%	$803K	$2.6M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0203%	1h	144.71	+0.120%	$26.3M	$22.0M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0584%	1h	144.95	+0.286%	$5K	$265K	10x	as long as short
edgeX SOXLUSDClong	+0.0791%	4h	144.54	long leg	$180K	$322K	10x
Deribit SOXL_USDC-PERPETUAL	+0.1064%	1h	144.83	+0.203%	$118K	$296K	10x	as long as short