Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0508%/8h= +55.6% APRpaid last 24h +0.031%

Price spread now: Deribit against MEXC−0.014%7-day average −0.077% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.181%−$18 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.014%, 7d avg −0.077%

Together, before fees−0.210%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Deribit is 0.063% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.077%. Mind the row above: over the last 4 days funding on this pair cost −0.181%, 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 -0.181% in total (about -18.0% 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	MEXC SOXL_USDT	145.32	0.0069	pay 0.0069% / 8h	7h 52m	$14.3M	$46.7M	200x
Short	Deribit SOXL_USDC-PERPETUAL	145.30	0.0577	get 0.0072% / 1h	52m 41s	$118K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now −0.014%Rate

Funding earned: $106.59
Price spread: −0.014% → −0.077%: $6.32
Slippage, 4 orders: −$20.69
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $85.21
Costs to cover: 0.277%
Break-even: 1.4 days

Slippage from MEXC: live order book, 6 min ago; Deribit: live order book, 21 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 MEXC live order book, 6 min ago	0.34 bp	0.3 bp $0	0.8 bp −$8	3.5 bp −$354	29.5 bp −$14.7K
Sell Deribit live order book, 21 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	145.09	−0.160%	$214K	$1.6M	50x	as long as short
Gate SOXL_USDT	0.0000%	8h	145.32	0.000%	$28.1M	$38.0M	50x	as long as short
Bitget SOXLUSDT	0.0000%	8h	145.31	−0.007%	$61.2M	$108.8M	20x	as long as short
SunX SOXL-USDT	0.0000%	8h	145.17	−0.103%	$1K	$4.6M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	145.31	−0.007%	$183K	$591K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	145.36	+0.028%	$2.5M	$1.2M	10x	as long as short
Variational Omni SOXL	+0.0022%	8h	145.51	+0.128%	$2.2M	$5.0M	—	as long as short
Lighter RH SOXL	+0.0032%	1h	145.31	−0.007%	$344K	$1.8M	20x	as long as short
OKX SOXL-USDT-SWAP	+0.0046%	8h	145.33	+0.007%	$25.6M	$183.1M	20x	as long as short
MEXC SOXL_USDTlong	+0.0069%	8h	145.32	long leg	$14.3M	$46.7M	200x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SOXL-USD	+0.0070%	1h	145.29	−0.021%	$269K	$272K	30x	as long as short
Extended SOXL-USD	+0.0072%	1h	145.30	−0.011%	$25K	$318K	10x	as long as short
Binance SOXLUSDT	+0.0073%	8h	145.31	−0.007%	$174.8M	$1.19B	50x	as long as short
BloFin SOXL-USDT	+0.0075%	8h	145.32	0.000%	$1.2M	$487K	50x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	145.16	−0.110%	$6.9M	$10.6M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	145.40	+0.055%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	145.28	−0.028%	$1K	$5K	20x	as long as short
Lighter SOXL	+0.0104%	1h	145.26	−0.041%	$808K	$2.5M	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.91	−0.285%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	145.27	−0.034%	$1.1M	$2.2M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0274%	1h	144.91	−0.282%	$239K	$833K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0428%	1h	145.33	+0.009%	$89K	$302K	20x	as long as short
Bybit SOXLUSDT	+0.0526%	8h	145.34	+0.014%	$52.5M	$178.7M	100x	as long as short
Deribit SOXL_USDC-PERPETUALshort	+0.0577%	1h	145.30	−0.014%	$118K	$276K	10x
edgeX SOXLUSDC	+0.0884%	4h	145.56	+0.169%	$182K	$320K	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0930%	8h	145.65	+0.227%	$72K	$157K	10x	as long as short
tradeXYZ xyz:SOXL	+0.0952%	1h	145.23	−0.062%	$26.5M	$20.6M	10x	as long as short
Polymarket Perps SOXL-USD	+0.1514%	1h	145.42	+0.069%	$5K	$266K	10x	as long as short