Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0135%/8h= +14.7% APRpaid last 24h +0.159%

Price spread now: Bybit against Kraken Futures+0.051%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.368%+$37 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.051%, 7d avg +0.096%

Together, before fees+0.345%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.096%). If the spread goes back, that is −$4 on $10k: about 27 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	Kraken Futures PF_SOXLUSD	144.65	−0.0023	get 0.0003% / 1h	17m 17s	$90K	$303K	20x
Short	Bybit SOXLUSDT	144.72	0.0111	get 0.0111% / 8h	17m 17s	$51.5M	$178.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Kraken Futures. 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 Kraken FuturesbpFee BybitbpOrdersPrice spread, now +0.051%Rate

Funding earned: $28.25
Price spread: +0.051% → +0.096%: −$4.48
Slippage, 4 orders: −$47.57
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.8
Costs to cover: 0.686%
Break-even: 18.1 days

Slippage from Kraken Futures: live order book, 60 min ago; Bybit: 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 Kraken Futures live order book, 60 min ago	4.54 bp	26.5 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.34 bp	6.2 bp −$6	10.5 bp −$105	75.8 bp −$7,578	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_SOXLUSDlong	−0.0023%	1h	144.65	long leg	$90K	$303K	20x
Aster SOXLUSDT	0.0000%	8h	144.77	+0.084%	$216K	$1.6M	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.65	+0.003%	$25.6M	$184.2M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.65	+0.003%	$27.4M	$39.6M	50x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.63	−0.011%	$60.3M	$109.2M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.68	+0.021%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	144.97	+0.224%	$72K	$163K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.69	+0.031%	$1K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.81	+0.114%	$194K	$559K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.89	+0.169%	$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	+0.0014%	8h	144.71	+0.045%	$14.2M	$46.6M	200x	as long as short
Extended SOXL-USD	+0.0016%	1h	144.65	+0.005%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	+0.0020%	8h	144.70	+0.038%	$172.3M	$1.19B	50x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.74	+0.065%	$308K	$257K	30x	as long as short
BloFin SOXL-USDT	+0.0027%	8h	144.96	+0.217%	$1.2M	$490K	50x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.76	+0.079%	$343K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.68	+0.024%	$238K	$915K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.75	+0.072%	$6.9M	$10.8M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.75	+0.072%	$38K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.69	+0.031%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.71	+0.046%	$6K	—	10x	as long as short
Bybit SOXLUSDTshort	+0.0111%	8h	144.72	+0.051%	$51.5M	$178.3M	100x
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.80	+0.107%	$977K	$2.3M	10x	as long as short
tradeXYZ xyz:SOXL	+0.0201%	1h	144.61	−0.025%	$26.3M	$22.0M	10x	as long as short
Lighter SOXL	+0.0208%	1h	144.77	+0.086%	$803K	$2.6M	20x	as long as short
edgeX SOXLUSDC	+0.0268%	4h	144.92	+0.193%	$181K	$323K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0588%	1h	144.84	+0.134%	$5K	$265K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0788%	1h	144.69	+0.031%	$118K	$297K	10x	as long as short