Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0632%/8h= −69.2% APRpaid last 24h +0.025%

Price spread now: Bitget against Ondo Perps−0.919%7-day average +0.029% · you buy dearer than you sell

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

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.424%+$42 on $10k

Price spread, last 4 days (all we have)+0.911%+$91 · spread now −0.919%, 7d avg +0.029%

Together, before fees+1.335%+ Points / potential airdropOndo Perps: Active · farm board+$133 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bitget is 0.948% cheaper against Ondo Perps than usual: you would sell low and buy high (−$95 if the spread goes back to its 7-day average of +0.029%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.424%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.424% in total (about 22.1% 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	Ondo Perps SOXL-USD.P	142.52	0.0050	pay 0.0006% / 1h	25m 43s	$208K	$506K	10x
Short	Bitget SOXLUSDT	141.21	−0.0582	pay 0.0582% / 8h	3h 25m	$58.8M	$119.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.919%Rate

Funding earned: −$132.8
Price spread: −0.919% → +0.029%: −$94.84
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$244.64
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	1.05 bp	7.4 bp −$7	12.1 bp −$121	28.8 bp −$2,877	50.3 bp −$25.2K

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 SOXLUSDTshort	−0.0582%	8h	141.21	−0.919%	$58.8M	$119.0M	20x
Aster SOXLUSDT	0.0000%	8h	141.36	−0.817%	$217K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	141.14	−0.970%	$31K	$253K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	141.20	−0.924%	$164.1M	$1.30B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	141.12	−0.982%	$47.6M	$203.8M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	141.15	−0.961%	$24.4M	$200.7M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	141.12	−0.982%	$26.1M	$44.7M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	141.17	−0.947%	$15.7M	$50.6M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	141.33	−0.836%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	142.37	−0.107%	$67K	$182K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXL-USDT	0.0000%	8h	141.31	−0.849%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	141.21	−0.919%	$176K	$717K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	141.23	−0.905%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0004%	1h	141.09	−1.003%	$261K	$266K	30x	as long as short
BloFin SOXL-USDT	+0.0018%	8h	141.94	−0.407%	$1.2M	$471K	50x	as long as short
Lighter SOXL	+0.0032%	1h	141.17	−0.947%	$693K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	141.09	−1.003%	$265K	$1.9M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	141.13	−0.975%	$24.9M	$23.3M	10x	as long as short
Ondo Perps SOXL-USD.Plong	+0.0050%	1h	142.52	long leg	$208K	$506K	10x
Kraken Futures PF_SOXLUSD	+0.0050%	1h	141.36	−0.816%	$86K	$287K	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	141.34	−0.828%	$6.7M	$10.2M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	142.22	−0.210%	$37K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	141.47	−0.737%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	141.43	−0.766%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0120%	1h	141.73	−0.554%	$857K	$2.8M	10x	as long as short
edgeX SOXLUSDC	+0.0181%	4h	142.38	−0.095%	$178K	$327K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0332%	1h	141.48	−0.730%	$3K	$268K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0387%	1h	141.28	−0.870%	$110K	$333K	10x	as long as short