Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.011%

Price spread now: Binance against Ondo Perps−0.476%46s7-day average +0.084% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+0.615%+$62 · spread now −0.476%, 7d avg +0.084%

Together, before fees+0.719%+ Points / potential airdropOndo Perps: Active · farm board+$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.560% cheaper against Ondo Perps than usual: you would sell low and buy high (−$56 if the spread goes back to its 7-day average of +0.084%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SOXL-USD.P	138.61	0.0050	pay 0.0006% / 1h	45m 45s	$210K	$494K	10x
Short	Binance SOXLUSDT	137.95	0	get 0.0000% / 8h	1h 45m	$163.0M	$1.45B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now −0.476%Rate

Funding earned: −$10.58
Price spread: −0.476% → +0.084%: −$56.04
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$81.62
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.36 bp	6.0 bp −$6	7.2 bp −$72	19.6 bp −$1,965	93.0 bp −$46.5K

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2332%	8h	138.08	−0.382%	$59.6M	$138.4M	20x	as long as short
BloFin SOXL-USDT	−0.0011%	8h	138.12	−0.354%	$1.3M	$464K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	137.99	−0.448%	$196K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	138.01	−0.431%	$33K	$311K	10x	as long as short
Binance SOXLUSDTshort	0.0000%	8h	137.95	−0.476%	$163.0M	$1.45B	50x
Bybit SOXLUSDT	0.0000%	8h	137.88	−0.527%	$46.0M	$229.0M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	137.89	−0.519%	$26.3M	$224.0M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	137.97	−0.462%	$27.9M	$49.2M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	138.01	−0.433%	$16.7M	$55.0M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	138.95	+0.247%	$1.9M	$5.4M	—	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	139.02	+0.295%	$64K	$203K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	138.09	−0.375%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	138.08	−0.382%	$86K	$1.3M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	138.07	−0.390%	$2.3M	$1.2M	10x	as long as short
Lighter SOXL	+0.0032%	1h	137.85	−0.548%	$681K	$2.3M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	137.99	−0.447%	$268K	$1.7M	20x	as long as short
QFEX SOXL-USD	+0.0046%	1h	138.13	−0.346%	$255K	$266K	30x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	137.76	−0.613%	$21.3M	$29.9M	10x	as long as short
Ondo Perps SOXL-USD.Plong	+0.0050%	1h	138.61	long leg	$210K	$494K	10x
KuCoin SOXLUSDTM	+0.0100%	8h	138.02	−0.426%	$6.6M	$10.9M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	138.67	+0.043%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	138.07	−0.390%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	138.05	−0.402%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	138.84	+0.166%	$947K	$3.2M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0242%	1h	138.11	−0.361%	$8K	$291K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0435%	1h	138.09	−0.377%	$83K	$296K	20x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0547%	1h	138.11	−0.361%	$118K	$352K	10x	as long as short
edgeX SOXLUSDC	+0.0704%	4h	138.76	+0.111%	$173K	$331K	10x	as long as short