Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h +0.006%

Price spread now: Kraken Futures against Orderly−0.069%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.069% cheaper against Orderly than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOXL_USDC_mythos	144.53	0.0100	pay 0.0100% / 8h	39m 11s	$1K	$5K	20x
Short	Kraken Futures PF_SOXLUSD	144.43	−0.0023	pay 0.0003% / 1h	39m 11s	$90K	$303K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Orderly. 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 OrderlybpFee Kraken FuturesbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$25.93
Price spread: −0.069% → 0.000%: −$6.93
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$48.86
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 38 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 Orderly no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 38 min ago	4.54 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit

Orderly: 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
Kraken Futures PF_SOXLUSDshort	−0.0023%	1h	144.43	−0.069%	$90K	$303K	20x
Aster SOXLUSDT	0.0000%	8h	144.40	−0.090%	$215K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	144.52	−0.004%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	144.51	−0.014%	$170.7M	$1.19B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.50	−0.021%	$25.4M	$183.9M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.50	−0.021%	$27.1M	$38.8M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	144.53	0.000%	$14.7M	$46.4M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.50	−0.021%	$60.1M	$109.0M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.44	−0.064%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	144.47	−0.038%	$71K	$169K	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	144.63	+0.069%	$2K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.56	+0.021%	$200K	$546K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.52	−0.007%	$2.5M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0002%	8h	144.56	+0.021%	$1.2M	$491K	50x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.53	0.000%	$307K	$258K	30x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.52	−0.007%	$343K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.30	−0.159%	$238K	$913K	10x	as long as short
Bybit SOXLUSDT	+0.0059%	8h	144.54	+0.007%	$51.4M	$178.1M	100x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.40	−0.090%	$6.9M	$11.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.29	−0.166%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythoslong	+0.0100%	8h	144.53	long leg	$1K	$5K	20x
Aevo SOXL-PERP	+0.0104%	1h	144.53	0.000%	$6K	—	10x	as long as short
Lighter SOXL	+0.0136%	1h	144.48	−0.035%	$802K	$2.6M	20x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.28	−0.173%	$962K	$2.2M	10x	as long as short
tradeXYZ xyz:SOXL	+0.0195%	1h	144.47	−0.042%	$26.1M	$22.1M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0539%	1h	144.68	+0.104%	$5K	$265K	10x	as long as short
edgeX SOXLUSDC	+0.0895%	4h	144.40	−0.088%	$180K	$321K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.1066%	1h	144.58	+0.035%	$118K	$301K	10x	as long as short