Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.070%

Price spread now: Coinbase International against Phemex−0.302%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1071.072% of the position

Long on Phemex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.486%+$49 on $10k

Price spread, last 3 days (all we have)+0.261%+$26 · spread now −0.302%, 7d avg −0.028%

Together, before fees+0.747%+$75 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.274% cheaper against Phemex than usual: you would sell low and buy high (spread −0.302% now, against its 7-day average of −0.028%). If the spread goes back, that is −$27 on $10k: about 4.4 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXLUSDT	145.71	0	get 0.0000% / 8h	7h 51m	$2.5M	$1.2M	10x
Short	Coinbase International SOXL-PERP-INTX	145.27	0.0208	get 0.0026% / 1h	51m 07s	$1.1M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phemex. 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 PhemexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.302%Rate

Funding earned: $43.68
Price spread: −0.302% → −0.028%: −$27.44
Slippage, 4 orders: −$85.18
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$90.94
Costs to cover: 1.072%
Break-even: 21.6 days

Slippage from Phemex: live order book, 2 min ago; Coinbase International: 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 Phemex live order book, 2 min ago	3.44 bp	36.1 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.44 bp	9.4 bp −$9	13.8 bp −$138	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
Aster SOXLUSDT	0.0000%	8h	145.52	−0.133%	$214K	$1.6M	50x	as long as short
Gate SOXL_USDT	0.0000%	8h	145.64	−0.048%	$28.2M	$38.0M	50x	as long as short
Bitget SOXLUSDT	0.0000%	8h	145.67	−0.027%	$61.4M	$108.9M	20x	as long as short
SunX SOXL-USDT	0.0000%	8h	145.75	+0.027%	$1K	$4.6M	10x	as long as short
Phemex SOXLUSDTlong	0.0000%	8h	145.71	long leg	$2.5M	$1.2M	10x
Lighter RH SOXL	+0.0032%	1h	145.70	−0.007%	$344K	$1.8M	20x	as long as short
Variational Omni SOXL	+0.0043%	8h	145.75	+0.029%	$2.2M	$5.0M	—	as long as short
OKX SOXL-USDT-SWAP	+0.0054%	8h	145.68	−0.021%	$25.7M	$183.6M	20x	as long as short
BloFin SOXL-USDT	+0.0062%	8h	145.75	+0.027%	$1.2M	$488K	50x	as long as short
QFEX SOXL-USD	+0.0070%	1h	145.72	+0.007%	$269K	$272K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXL_USDT	+0.0073%	8h	145.70	−0.007%	$14.4M	$46.7M	200x	as long as short
Lighter SOXL	+0.0080%	1h	145.68	−0.021%	$810K	$2.5M	20x	as long as short
Extended SOXL-USD	+0.0080%	1h	145.75	+0.027%	$25K	$318K	10x	as long as short
Binance SOXLUSDT	+0.0081%	8h	145.62	−0.062%	$175.2M	$1.19B	50x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	145.62	−0.062%	$6.9M	$10.6M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	145.28	−0.295%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	145.72	+0.007%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	145.40	−0.211%	$6K	—	10x	as long as short
HTX SOXL-USDT	+0.0158%	8h	145.79	+0.055%	$183K	$591K	50x	as long as short
Coinbase International SOXL-PERP-INTXshort	+0.0208%	1h	145.27	−0.302%	$1.1M	$2.2M	10x
Ondo Perps SOXL-USD.P	+0.0222%	1h	144.91	−0.549%	$240K	$804K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0368%	1h	145.78	+0.048%	$119K	$276K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0427%	1h	145.62	−0.062%	$89K	$301K	20x	as long as short
Bybit SOXLUSDT	+0.0609%	8h	145.75	+0.027%	$52.6M	$178.5M	100x	as long as short
GRVT SOXL_USDT_Perp	+0.0649%	8h	145.24	−0.322%	$71K	$157K	10x	as long as short
edgeX SOXLUSDC	+0.0699%	4h	145.28	−0.294%	$181K	$321K	10x	as long as short
tradeXYZ xyz:SOXL	+0.0791%	1h	145.59	−0.082%	$26.6M	$20.7M	10x	as long as short
Polymarket Perps SOXL-USD	+0.1294%	1h	145.81	+0.069%	$5K	$266K	10x	as long as short