Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0300%/8h= +32.9% APRpaid last 24h +0.036%

Price spread now: Deribit against HTX+0.570%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$12as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.107%−$11 on $10k

Price spread, last 3 days (all we have)−0.605%−$61 · spread now +0.570%, 7d avg −0.033%

Together, before fees−0.713%−$71 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.603% dearer against HTX than usual: you sell high and buy low: +$60 more if the spread goes back to its 7-day average of −0.033%. Mind the row above: over the last 4 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.107% in total (about -10.6% 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	HTX SOXL-USDT	145.66	0.0201	pay 0.0201% / 8h	7h 29m	$183K	$626K	50x
Short	Deribit SOXL_USDC-PERPETUAL	146.49	0.0501	get 0.0063% / 1h	29m 50s	$119K	$277K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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 HTXbpFee DeribitbpOrdersPrice spread, now +0.570%Rate

Funding earned: $63.04
Price spread: +0.570% → −0.033%: $60.33
Slippage, 4 orders: −$28.96
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $75.41
Costs to cover: 0.480%
Break-even: from the start

Slippage from HTX: live order book, 44 min ago; Deribit: live order book, 44 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 HTX live order book, 44 min ago	3.46 bp	9.5 bp −$9	9.5 bp −$95	26.5 bp −$2,655	doesn't fit
Sell Deribit live order book, 44 min ago	0.35 bp	10.0 bp −$10	17.1 bp −$171	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
Aster SOXLUSDT	0.0000%	8h	146.31	+0.447%	$218K	$1.6M	50x	as long as short
Gate SOXL_USDT	0.0000%	8h	146.57	+0.625%	$28.1M	$39.0M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	146.36	+0.481%	$2K	$4.5M	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	146.50	+0.577%	$2.5M	$1.2M	10x	as long as short
Lighter SOXL	+0.0032%	1h	146.43	+0.529%	$813K	$2.6M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	146.48	+0.563%	$346K	$1.8M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	145.95	+0.199%	$241K	$750K	10x	as long as short
QFEX SOXL-USD	+0.0070%	1h	146.26	+0.412%	$270K	$271K	30x	as long as short
OKX SOXL-USDT-SWAP	+0.0086%	8h	146.62	+0.659%	$26.2M	$187.8M	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.42	+0.522%	$7.0M	$10.5M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOXLUSDT	+0.0100%	1h	145.76	+0.069%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.41	+0.515%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.37	+0.487%	$6K	—	10x	as long as short
Variational Omni SOXL	+0.0129%	8h	146.17	+0.352%	$2.3M	$4.9M	—	as long as short
BloFin SOXL-USDT	+0.0142%	8h	146.12	+0.316%	$1.2M	$495K	50x	as long as short
MEXC SOXL_USDT	+0.0159%	8h	146.61	+0.652%	$13.0M	$47.3M	200x	as long as short
Binance SOXLUSDT	+0.0164%	8h	146.63	+0.666%	$172.4M	$1.21B	50x	as long as short
Extended SOXL-USD	+0.0168%	1h	146.59	+0.638%	$25K	$318K	10x	as long as short
HTX SOXL-USDTlong	+0.0201%	8h	145.66	long leg	$183K	$626K	50x
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.23	+0.391%	$1.1M	$2.2M	10x	as long as short
tradeXYZ xyz:SOXL	+0.0251%	1h	146.53	+0.597%	$26.5M	$21.2M	10x	as long as short
Bybit SOXLUSDT	+0.0278%	8h	146.69	+0.707%	$53.2M	$181.3M	100x	as long as short
Bitget SOXLUSDT	+0.0312%	8h	146.59	+0.638%	$61.9M	$111.0M	20x	as long as short
Kraken Futures PF_SOXLUSD	+0.0425%	1h	146.29	+0.432%	$89K	$304K	20x	as long as short
Deribit SOXL_USDC-PERPETUALshort	+0.0501%	1h	146.49	+0.570%	$119K	$277K	10x
Polymarket Perps SOXL-USD	+0.0634%	1h	146.51	+0.584%	$5K	$266K	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0710%	8h	145.55	−0.076%	$71K	$157K	10x	as long as short
edgeX SOXLUSDC	+0.0786%	4h	145.63	−0.023%	$181K	$322K	10x	as long as short