Funding arb · Price arb /

SOXL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0775%/8h= +84.9% APRpaid last 24h +0.048%

Price spread now: edgeX against Extended−0.212%93s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as 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 Extended Short on edgeX

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)+0.327%+$33 · spread now −0.212%, 7d avg +0.011%

Together, before fees+0.658%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.223% cheaper against Extended than usual: you would sell low and buy high (spread −0.212% now, against its 7-day average of +0.011%). If the spread goes back, that is −$22 on $10k: about 23 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.331% in total) that is about 4.7 days. The two prices were read 93 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	Extended SOXL-USD	144.84	0.0016	pay 0.0002% / 1h	18m 08s	$27K	$338K	10x
Short	edgeX SOXLUSDC	144.54	0.0791	get 0.0396% / 4h	18m 08s	$180K	$322K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.212%Rate

Funding earned: $162.81
Price spread: −0.212% → +0.011%: −$22.3
Slippage, 4 orders: −$45.9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $80.61
Costs to cover: 0.599%
Break-even: 3.5 days

Slippage from Extended: live order book, 59 min ago; edgeX: live order book, 60 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, 59 min ago	0.70 bp	3.6 bp −$4	12.9 bp −$129	doesn't fit	doesn't fit
Sell edgeX live order book, 60 min ago	20.60 bp	26.4 bp −$26	35.4 bp −$354	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
Kraken Futures PF_SOXLUSD	−0.0023%	1h	144.81	−0.026%	$90K	$303K	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.88	+0.028%	$216K	$1.6M	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.84	−0.002%	$25.7M	$184.5M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.84	−0.002%	$27.5M	$39.5M	50x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.80	−0.029%	$60.4M	$109.2M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.68	−0.115%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	144.57	−0.188%	$71K	$163K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.87	+0.019%	$2K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.81	−0.022%	$194K	$559K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.89	+0.033%	$2.5M	$1.2M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXL_USDT	+0.0010%	8h	144.88	+0.026%	$14.3M	$46.6M	200x	as long as short
Binance SOXLUSDT	+0.0015%	8h	144.88	+0.026%	$172.5M	$1.19B	50x	as long as short
Extended SOXL-USDlong	+0.0016%	1h	144.84	long leg	$27K	$338K	10x
QFEX SOXL-USD	+0.0021%	1h	144.94	+0.067%	$308K	$257K	30x	as long as short
BloFin SOXL-USDT	+0.0027%	8h	144.96	+0.081%	$1.2M	$490K	50x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.90	+0.040%	$343K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.68	−0.112%	$238K	$915K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.74	−0.071%	$6.9M	$10.9M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.59	−0.174%	$38K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.87	+0.019%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.78	−0.044%	$6K	—	10x	as long as short
Bybit SOXLUSDT	+0.0110%	8h	144.88	+0.026%	$51.6M	$178.2M	100x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.80	−0.029%	$977K	$2.3M	10x	as long as short
tradeXYZ xyz:SOXL	+0.0203%	1h	144.77	−0.050%	$26.3M	$22.0M	10x	as long as short
Lighter SOXL	+0.0208%	1h	144.87	+0.019%	$804K	$2.6M	20x	as long as short
Polymarket Perps SOXL-USD	+0.0590%	1h	144.98	+0.095%	$5K	$265K	10x	as long as short
edgeX SOXLUSDCshort	+0.0791%	4h	144.54	−0.212%	$180K	$322K	10x
Deribit SOXL_USDC-PERPETUAL	+0.0855%	1h	144.90	+0.040%	$118K	$297K	10x	as long as short