Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Phemex+0.150%49s7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1361.360% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 3 days (all we have)−0.152%−$15 · spread now +0.150%, 7d avg −0.033%

Together, before fees−0.129%−$13 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: Gate is 0.183% dearer against Phemex than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 49 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	Phemex SOXLUSDT	146.78	0	get 0.0000% / 8h	7h 28m	$2.5M	$1.2M	10x
Short	Gate SOXL_USDT	147.00	0	get 0.0000% / 8h	7h 28m	$28.1M	$39.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → −0.033%: $18.32
Slippage, 4 orders: −$108.96
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$117.64
Costs to cover: 1.360%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	2.06 bp	58.0 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.37 bp	11.0 bp −$11	23.8 bp −$238	35.1 bp −$3,509	45.8 bp −$22.9K

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	146.75	−0.023%	$219K	$1.6M	50x	as long as short
Gate SOXL_USDTshort	0.0000%	8h	147.00	+0.150%	$28.1M	$39.0M	50x
SunX SOXL-USDT	0.0000%	8h	146.97	+0.129%	$2K	$4.5M	10x	as long as short
Phemex SOXLUSDTlong	0.0000%	8h	146.78	long leg	$2.5M	$1.2M	10x
Lighter SOXL	+0.0032%	1h	146.96	+0.123%	$816K	$2.6M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	147.00	+0.150%	$347K	$1.8M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	145.95	−0.565%	$241K	$750K	10x	as long as short
QFEX SOXL-USD	+0.0070%	1h	146.96	+0.123%	$272K	$271K	30x	as long as short
OKX SOXL-USDT-SWAP	+0.0093%	8h	146.97	+0.129%	$26.8M	$189.6M	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.85	+0.048%	$7.0M	$10.5M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOXLUSDT	+0.0100%	1h	145.76	−0.695%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.92	+0.095%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.83	+0.036%	$6K	—	10x	as long as short
Variational Omni SOXL	+0.0129%	8h	146.17	−0.414%	$2.3M	$4.9M	—	as long as short
BloFin SOXL-USDT	+0.0155%	8h	146.81	+0.020%	$1.2M	$498K	50x	as long as short
MEXC SOXL_USDT	+0.0167%	8h	146.98	+0.136%	$13.2M	$47.6M	200x	as long as short
Binance SOXLUSDT	+0.0172%	8h	146.92	+0.095%	$172.8M	$1.21B	50x	as long as short
Extended SOXL-USD	+0.0176%	1h	146.89	+0.074%	$25K	$318K	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.23	−0.375%	$1.1M	$2.2M	10x	as long as short
HTX SOXL-USDT	+0.0231%	8h	146.84	+0.041%	$185K	$626K	50x	as long as short
tradeXYZ xyz:SOXL	+0.0245%	1h	146.92	+0.095%	$26.8M	$21.4M	10x	as long as short
Bybit SOXLUSDT	+0.0327%	8h	146.98	+0.136%	$53.4M	$181.6M	100x	as long as short
Bitget SOXLUSDT	+0.0358%	8h	146.94	+0.109%	$62.1M	$111.2M	20x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0363%	1h	146.92	+0.095%	$119K	$273K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0424%	1h	146.84	+0.043%	$89K	$304K	20x	as long as short
Polymarket Perps SOXL-USD	+0.0630%	1h	147.17	+0.266%	$5K	$266K	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0705%	8h	146.20	−0.395%	$72K	$158K	10x	as long as short
edgeX SOXLUSDC	+0.0937%	4h	146.16	−0.421%	$182K	$323K	10x	as long as short