Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.036%

Price spread now: Coinbase International against GRVT−0.130%7-day average −0.014% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.130%, 7d avg −0.014%

Together, before fees+0.162%+ Points / potential airdropGRVT: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.117% cheaper against GRVT than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.014%). If the spread goes back, that is −$12 on $10k: about 2.6 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SOXL_USDT_Perp	145.22	0	get 0.0000% / 8h	4h 16m	$70K	$176K	10x
Short	Coinbase International SOXL-PERP-INTX	145.03	0.0152	get 0.0019% / 1h	16m 54s	$902K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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 GRVTbpFee Coinbase InternationalbpOrdersPrice spread, now −0.130%Rate

Funding earned: $31.92
Price spread: −0.130% → −0.014%: −$11.67
Slippage, 4 orders: −$12.8
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$11.55
Costs to cover: 0.318%
Break-even: 9.5 days

Slippage from GRVT: live order book, 40 min ago; Coinbase International: live order book, 2 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 GRVT live order book, 40 min ago	1.71 bp	10.8 bp −$11	18.1 bp −$181	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.34 bp	8.8 bp −$9	11.8 bp −$118	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	−0.0116%	1h	145.08	−0.097%	$88K	$304K	20x	as long as short
BloFin SOXL-USDT	−0.0010%	8h	145.07	−0.103%	$1.2M	$476K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	145.13	−0.060%	$232K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	145.11	−0.074%	$29K	$241K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	145.13	−0.059%	$169.4M	$1.25B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	145.14	−0.055%	$51.0M	$188.1M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	145.14	−0.055%	$24.5M	$196.8M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	145.12	−0.069%	$27.2M	$43.2M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	145.15	−0.048%	$15.1M	$49.5M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	145.11	−0.075%	$60.1M	$113.1M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SOXL	0.0000%	8h	145.50	+0.192%	$2.4M	$4.7M	—	as long as short
GRVT SOXL_USDT_Perplong	0.0000%	8h	145.22	long leg	$70K	$176K	10x
SunX SOXL-USDT	0.0000%	8h	145.06	−0.110%	$1K	$4.3M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	145.08	−0.096%	$114K	$290K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	145.14	−0.055%	$183K	$569K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	145.11	−0.075%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0021%	1h	145.15	−0.048%	$268K	$266K	30x	as long as short
Lighter SOXL	+0.0032%	1h	145.10	−0.082%	$728K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	145.08	−0.096%	$275K	$1.9M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	145.12	−0.069%	$25.5M	$22.8M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.97	−0.172%	$207K	$488K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	145.17	−0.034%	$6.9M	$10.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	145.23	+0.007%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	145.06	−0.110%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	145.07	−0.106%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTXshort	+0.0152%	1h	145.03	−0.130%	$902K	$2.6M	10x
Polymarket Perps SOXL-USD	+0.0167%	1h	145.18	−0.027%	$3K	$269K	10x	as long as short
edgeX SOXLUSDC	+0.0664%	4h	145.23	+0.009%	$181K	$328K	10x	as long as short