Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.032%

Price spread now: Bybit against Extended+0.063%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.063%, 7d avg +0.036%

Together, before fees+0.074%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.027% dearer against Extended than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.036%): +$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 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.096%, 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 7 days it paid 0.096% 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	Extended SOXL-USD	145.26	0.0216	pay 0.0027% / 1h	43m 06s	$24K	$271K	10x
Short	Bybit SOXLUSDT	145.35	0	get 0.0000% / 8h	6h 43m	$52.7M	$184.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$45.36
Price spread: +0.063% → +0.036%: $2.71
Slippage, 4 orders: −$3.87
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$62.53
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from Extended: live order book, 24 min ago; Bybit: live order book, 1 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 Extended live order book, 24 min ago	0.34 bp	3.2 bp −$3	11.9 bp −$119	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.34 bp	6.5 bp −$6	11.2 bp −$112	73.9 bp −$7,388	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
Aster SOXLUSDT	0.0000%	8h	145.35	+0.063%	$249K	$1.6M	50x	as long as short
Bybit SOXLUSDTshort	0.0000%	8h	145.35	+0.063%	$52.7M	$184.5M	100x
Gate SOXL_USDT	0.0000%	8h	145.33	+0.049%	$27.3M	$40.6M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	145.34	+0.056%	$1K	$4.5M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	145.30	+0.028%	$118K	$276K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	145.39	+0.090%	$184K	$621K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	145.34	+0.056%	$2.5M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0021%	1h	145.32	+0.042%	$269K	$271K	30x	as long as short
Lighter SOXL	+0.0032%	1h	145.31	+0.035%	$813K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	145.34	+0.056%	$349K	$1.8M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:SOXL	+0.0050%	1h	145.30	+0.028%	$26.0M	$22.6M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	145.45	+0.132%	$5K	$266K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	145.49	+0.159%	$207K	$703K	10x	as long as short
OKX SOXL-USDT-SWAP	+0.0067%	8h	145.31	+0.035%	$25.5M	$189.2M	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	145.35	+0.063%	$6.9M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	145.69	+0.297%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	145.31	+0.035%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	145.31	+0.034%	$6K	—	10x	as long as short
Variational Omni SOXL	+0.0190%	8h	145.51	+0.175%	$2.4M	$4.9M	—	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	145.25	−0.006%	$839K	$2.5M	10x	as long as short
BloFin SOXL-USDT	+0.0206%	8h	145.57	+0.214%	$1.3M	$490K	50x	as long as short
GRVT SOXL_USDT_Perp	+0.0213%	8h	145.44	+0.127%	$71K	$168K	10x	as long as short
Extended SOXL-USDlong	+0.0216%	1h	145.26	long leg	$24K	$271K	10x
Binance SOXLUSDT	+0.0219%	8h	145.30	+0.029%	$170.7M	$1.23B	50x	as long as short
MEXC SOXL_USDT	+0.0219%	8h	145.35	+0.063%	$15.0M	$47.6M	200x	as long as short
Bitget SOXLUSDT	+0.0392%	8h	145.31	+0.035%	$60.3M	$112.6M	20x	as long as short
Kraken Futures PF_SOXLUSD	+0.0413%	1h	145.31	+0.037%	$88K	$304K	20x	as long as short
edgeX SOXLUSDC	+0.0517%	4h	145.39	+0.093%	$181K	$324K	10x	as long as short