Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.194%

Price spread now: Phemex against OKX−0.048%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1121.116% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now −0.048%, 7d avg +0.038%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.086% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SOXL-USDT-SWAP	144.49	0	get 0.0000% / 8h	40m 46s	$25.4M	$184.0M	20x
Short	Phemex SOXLUSDT	144.42	0	get 0.0000% / 8h	40m 46s	$2.5M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → +0.038%: −$8.65
Slippage, 4 orders: −$89.61
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$120.26
Costs to cover: 1.116%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Phemex: live order book, 3 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 OKX live order book, 3 min ago	0.35 bp	6.6 bp −$7	7.5 bp −$75	21.2 bp −$2,124	doesn't fit
Sell Phemex live order book, 3 min ago	1.73 bp	53.1 bp −$53	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
Kraken Futures PF_SOXLUSD	−0.0024%	1h	144.26	−0.161%	$89K	$304K	20x	as long as short
BloFin SOXL-USDT	−0.0010%	8h	144.46	−0.021%	$1.2M	$490K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.40	−0.062%	$215K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	144.40	−0.060%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	144.47	−0.014%	$170.6M	$1.19B	50x	as long as short
OKX SOXL-USDT-SWAPlong	0.0000%	8h	144.49	long leg	$25.4M	$184.0M	20x
Gate SOXL_USDT	0.0000%	8h	144.43	−0.042%	$27.1M	$38.8M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	144.46	−0.021%	$14.7M	$46.4M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.46	−0.021%	$60.1M	$109.0M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.44	−0.037%	$2.2M	$4.9M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SOXL_USDT_Perp	0.0000%	8h	144.49	+0.003%	$71K	$169K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.48	−0.007%	$2K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.51	+0.014%	$200K	$546K	50x	as long as short
Phemex SOXLUSDTshort	0.0000%	8h	144.42	−0.048%	$2.5M	$1.2M	10x
QFEX SOXL-USD	+0.0021%	1h	144.34	−0.104%	$307K	$258K	30x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.44	−0.035%	$343K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.30	−0.131%	$238K	$913K	10x	as long as short
Bybit SOXLUSDT	+0.0053%	8h	144.51	+0.014%	$51.4M	$178.2M	100x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.34	−0.104%	$6.9M	$11.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.23	−0.180%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.40	−0.062%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.33	−0.108%	$6K	—	10x	as long as short
Lighter SOXL	+0.0128%	1h	144.40	−0.062%	$801K	$2.6M	20x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.28	−0.145%	$962K	$2.3M	10x	as long as short
tradeXYZ xyz:SOXL	+0.0193%	1h	144.35	−0.097%	$26.1M	$22.6M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0531%	1h	144.52	+0.021%	$5K	$265K	10x	as long as short
edgeX SOXLUSDC	+0.0661%	4h	144.42	−0.051%	$180K	$323K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0859%	1h	144.46	−0.021%	$117K	$315K	10x	as long as short