Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h −0.066%

Price spread now: Phemex against Kraken Futures−0.003%7-day average +0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1411.407% of the position

Long on Kraken Futures Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.003%, 7d avg +0.098%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.102% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.098%). If the spread goes back, that is −$10 on $10k: about 2.8 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.083% in total) that is about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXLUSD	136.88	−0.0121	get 0.0015% / 1h	37m 03s	$77K	$317K	20x
Short	Phemex SOXLUSDT	136.88	0	get 0.0000% / 8h	7h 37m	$2.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.003%Rate

Funding earned: $25.45
Price spread: −0.003% → +0.098%: −$10.18
Slippage, 4 orders: −$118.68
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$125.41
Costs to cover: 1.407%
Break-even: 41.5 days

Slippage from Kraken Futures: live order book, 61 min ago; Phemex: live order book, 1 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, 61 min ago	5.04 bp	26.6 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	4.38 bp	43.5 bp −$44	doesn't fit	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
Bitget SOXLUSDT	−0.1591%	8h	136.85	−0.025%	$58.4M	$145.2M	20x	as long as short
Kraken Futures PF_SOXLUSDlong	−0.0121%	1h	136.88	long leg	$77K	$317K	20x
BloFin SOXL-USDT	−0.0011%	8h	136.91	+0.019%	$1.2M	$464K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	136.82	−0.048%	$182K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	136.80	−0.059%	$71K	$364K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	136.80	−0.060%	$161.3M	$1.49B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	136.77	−0.084%	$45.4M	$221.9M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	136.74	−0.106%	$25.3M	$227.0M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	136.80	−0.062%	$28.8M	$51.0M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	136.80	−0.062%	$21.3M	$56.6M	200x	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	137.11	+0.166%	$1.8M	$5.6M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	136.90	+0.010%	$63K	$194K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	136.88	−0.003%	$1K	$3.9M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	136.82	−0.047%	$86K	$1.2M	50x	as long as short
Phemex SOXLUSDTshort	0.0000%	8h	136.88	−0.003%	$2.3M	$1.2M	10x
QFEX SOXL-USD	+0.0022%	1h	136.94	+0.041%	$253K	$264K	30x	as long as short
Lighter SOXL	+0.0032%	1h	136.79	−0.069%	$654K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	136.76	−0.091%	$231K	$1.7M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	136.70	−0.135%	$20.2M	$29.7M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	136.83	−0.040%	$9K	$291K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	136.65	−0.171%	$209K	$420K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	136.87	−0.011%	$6.3M	$10.7M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	136.82	−0.047%	$36K	$144K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	136.84	−0.033%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	136.83	−0.041%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	137.34	+0.333%	$930K	$3.0M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0408%	1h	136.87	−0.011%	$109K	$387K	10x	as long as short
edgeX SOXLUSDC	+0.0631%	4h	136.94	+0.042%	$170K	$332K	10x	as long as short