Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0195%/8h= +21.3% APRpaid last 24h +0.056%

Price spread now: Polymarket Perps against MEXC+0.095%7-day average −0.073% · 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$0as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.064%+$6 on $10k

Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.095%, 7d avg −0.073%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Polymarket Perps is 0.168% dearer against MEXC than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.073%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.064% in total (about 4.4% 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	146.72	0.0267	pay 0.0267% / 8h	7h 02m	$14.1M	$48.2M	200x
Short	Polymarket Perps SOXL-USD	146.86	0.0462	get 0.0058% / 1h	2m 25s	$5K	$266K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.095%Rate

Funding earned: $40.92
Price spread: +0.095% → −0.073%: $16.82
Slippage, 4 orders: −$9.12
Fee MEXC: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $40.62
Costs to cover: 0.171%
Break-even: 0.1 days

Slippage from MEXC: live order book, 2 min ago; Polymarket Perps: live order book, 5 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, 2 min ago	0.34 bp	0.3 bp $0	0.7 bp −$7	2.6 bp −$264	20.7 bp −$10.4K
Sell Polymarket Perps live order book, 5 min ago	3.40 bp	9.0 bp −$9	10.0 bp −$100	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
Gate SOXL_USDT	0.0000%	8h	146.76	+0.027%	$27.6M	$40.3M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	146.71	−0.007%	$1K	$4.5M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	146.77	+0.034%	$119K	$287K	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	146.72	0.000%	$2.5M	$1.2M	10x	as long as short
Aster SOXLUSDT	+0.0015%	8h	146.62	−0.067%	$254K	$1.6M	50x	as long as short
Bybit SOXLUSDT	+0.0029%	8h	146.82	+0.068%	$53.1M	$182.8M	100x	as long as short
Lighter SOXL	+0.0032%	1h	146.78	+0.041%	$815K	$2.6M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	146.80	+0.055%	$349K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	146.46	−0.177%	$229K	$709K	10x	as long as short
QFEX SOXL-USD	+0.0070%	1h	146.74	+0.014%	$271K	$271K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SOXLUSDTM	+0.0100%	8h	146.76	+0.027%	$7.0M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	146.97	+0.170%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.73	+0.007%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.69	−0.021%	$6K	—	10x	as long as short
OKX SOXL-USDT-SWAP	+0.0108%	8h	146.79	+0.048%	$26.8M	$189.9M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0128%	1h	146.74	+0.014%	$26.3M	$22.1M	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.72	0.000%	$1.0M	$2.3M	10x	as long as short
Variational Omni SOXL	+0.0217%	8h	146.87	+0.101%	$2.4M	$5.0M	—	as long as short
BloFin SOXL-USDT	+0.0240%	8h	146.63	−0.061%	$1.3M	$496K	50x	as long as short
HTX SOXL-USDT	+0.0257%	8h	146.97	+0.170%	$186K	$632K	50x	as long as short
MEXC SOXL_USDTlong	+0.0267%	8h	146.72	long leg	$14.1M	$48.2M	200x
Binance SOXLUSDT	+0.0271%	8h	146.75	+0.020%	$172.6M	$1.22B	50x	as long as short
Extended SOXL-USD	+0.0272%	1h	146.72	−0.003%	$25K	$273K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0424%	1h	146.56	−0.111%	$89K	$304K	20x	as long as short
Polymarket Perps SOXL-USDshort	+0.0462%	1h	146.86	+0.095%	$5K	$266K	10x
Bitget SOXLUSDT	+0.0626%	8h	146.76	+0.027%	$61.9M	$112.4M	20x	as long as short
GRVT SOXL_USDT_Perp	+0.0766%	8h	146.91	+0.132%	$72K	$165K	10x	as long as short
edgeX SOXLUSDC	+0.0903%	4h	146.83	+0.077%	$183K	$323K	10x	as long as short