Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.079%

Price spread now: Coinbase International against Gate−0.062%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.464%+$46 on $10k

Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.062%, 7d avg +0.008%

Together, before fees+0.478%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.071% cheaper against Gate than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.008%). If the spread goes back, that is −$7 on $10k: about 39 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOXL_USDT	144.60	0	get 0.0000% / 8h	26m 08s	$27.2M	$39.2M	50x
Short	Coinbase International SOXL-PERP-INTX	144.51	0.0144	get 0.0018% / 1h	26m 08s	$963K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.062%Rate

Funding earned: $30.24
Price spread: −0.062% → +0.008%: −$7.07
Slippage, 4 orders: −$16.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.54
Costs to cover: 0.417%
Break-even: 11.3 days

Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 3 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 Gate live order book, 3 min ago	0.35 bp	13.0 bp −$13	23.4 bp −$234	37.2 bp −$3,724	52.2 bp −$26.1K
Sell Coinbase International live order book, 3 min ago	3.46 bp	8.5 bp −$8	12.3 bp −$123	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	144.52	−0.057%	$90K	$304K	20x	as long as short
BloFin SOXL-USDT	−0.0003%	8h	144.62	+0.014%	$1.2M	$489K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.53	−0.048%	$217K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	144.61	+0.005%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	144.65	+0.036%	$172.2M	$1.19B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.62	+0.014%	$25.6M	$184.0M	20x	as long as short
Gate SOXL_USDTlong	0.0000%	8h	144.60	long leg	$27.2M	$39.2M	50x
MEXC SOXL_USDT	0.0000%	8h	144.64	+0.028%	$14.5M	$46.5M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.62	+0.014%	$60.3M	$109.1M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.59	−0.008%	$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	+0.002%	$70K	$165K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.63	+0.021%	$2K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.64	+0.028%	$200K	$546K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.66	+0.041%	$2.5M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.58	−0.014%	$307K	$258K	30x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.65	+0.035%	$343K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.36	−0.166%	$238K	$913K	10x	as long as short
Bybit SOXLUSDT	+0.0087%	8h	144.63	+0.021%	$51.6M	$177.9M	100x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.57	−0.021%	$6.9M	$10.9M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.69	+0.062%	$38K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.57	−0.021%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.58	−0.016%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTXshort	+0.0144%	1h	144.51	−0.062%	$963K	$2.3M	10x
Lighter SOXL	+0.0184%	1h	144.61	+0.007%	$802K	$2.6M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0198%	1h	144.57	−0.021%	$26.2M	$22.2M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0568%	1h	144.72	+0.083%	$5K	$265K	10x	as long as short
edgeX SOXLUSDC	+0.0890%	4h	144.62	+0.012%	$180K	$321K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.1065%	1h	144.64	+0.028%	$118K	$297K	10x	as long as short