Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0122%/8h= −13.3% APRpaid last 24h +0.062%

Price spread now: Kraken Futures against MEXC−0.058%7-day average −0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$560.561% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.337%−$34 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.058%, 7d avg −0.145%

Together, before fees−0.392%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.087% dearer against MEXC than usual: you sell high and buy low (spread −0.058% now, against its 7-day average of −0.145%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOXL_USDT	136.58	0	get 0.0000% / 8h	7h 36m	$21.2M	$56.8M	200x
Short	Kraken Futures PF_SOXLUSD	136.50	−0.0122	pay 0.0015% / 1h	36m 15s	$77K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$25.52
Price spread: −0.058% → −0.145%: $8.69
Slippage, 4 orders: −$46.11
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$72.94
Costs to cover: 0.561%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Kraken Futures: live order book, 61 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, 3 min ago	0.37 bp	0.4 bp $0	0.4 bp −$4	1.6 bp −$160	6.9 bp −$3,461
Sell Kraken Futures live order book, 61 min ago	5.04 bp	28.8 bp −$29	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	−0.1582%	8h	136.65	+0.051%	$58.2M	$145.3M	20x	as long as short
Kraken Futures PF_SOXLUSDshort	−0.0122%	1h	136.50	−0.058%	$77K	$317K	20x
BloFin SOXL-USDT	−0.0011%	8h	136.91	+0.242%	$1.2M	$464K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	136.51	−0.054%	$181K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	136.40	−0.135%	$70K	$364K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	136.51	−0.051%	$161.0M	$1.49B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	136.60	+0.015%	$45.4M	$221.9M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	136.66	+0.059%	$25.2M	$227.0M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	136.59	+0.007%	$28.7M	$51.1M	50x	as long as short
MEXC SOXL_USDTlong	0.0000%	8h	136.58	long leg	$21.2M	$56.8M	200x

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	+0.390%	$1.8M	$5.6M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	136.90	+0.233%	$63K	$194K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	136.46	−0.088%	$1K	$3.9M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	136.67	+0.066%	$86K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	136.68	+0.073%	$2.3M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0022%	1h	136.51	−0.051%	$252K	$264K	30x	as long as short
Lighter SOXL	+0.0032%	1h	136.53	−0.037%	$653K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	136.51	−0.051%	$231K	$1.7M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	136.51	−0.051%	$20.1M	$29.8M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	136.34	−0.176%	$9K	$291K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	136.65	+0.051%	$208K	$420K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	136.54	−0.029%	$6.3M	$10.7M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	136.82	+0.176%	$36K	$144K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	136.46	−0.088%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	136.45	−0.097%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	137.34	+0.556%	$930K	$3.0M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0336%	1h	136.57	−0.007%	$109K	$387K	10x	as long as short
edgeX SOXLUSDC	+0.0631%	4h	136.94	+0.265%	$170K	$332K	10x	as long as short