Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h +0.087%

Price spread now: Aster against Polymarket Perps−0.034%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.073%−$7 on $10k

Price spread, last 3 days (all we have)−0.093%−$9 · spread now −0.034%, 7d avg −0.004%

Together, before fees−0.166%+ Points / potential airdropAster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.030% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.073% in total (about -5.1% 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	Polymarket Perps SOXL-USD	143.38	0.0195	pay 0.0024% / 1h	20m 15s	$6K	$265K	10x
Short	Aster SOXLUSDT	143.33	0	get 0.0000% / 8h	1h 20m	$214K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$40.99
Price spread: −0.034% → −0.004%: −$3.02
Slippage, 4 orders: −$17.27
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$77.28
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 62 min ago; Aster: 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 Polymarket Perps live order book, 62 min ago	3.86 bp	7.9 bp −$8	8.9 bp −$89	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.05 bp	9.1 bp −$9	14.9 bp −$149	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
BloFin SOXL-USDT	−0.0016%	8h	143.40	+0.014%	$1.2M	$506K	50x	as long as short
Aster SOXLUSDTshort	0.0000%	8h	143.33	−0.034%	$214K	$1.7M	50x
Extended SOXL-USD	0.0000%	1h	143.28	−0.071%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	143.31	−0.050%	$166.4M	$1.20B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	143.32	−0.042%	$25.0M	$187.7M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	143.29	−0.063%	$25.8M	$40.4M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	143.31	−0.049%	$15.3M	$46.2M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	143.29	−0.063%	$59.4M	$110.6M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	143.38	−0.002%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	143.55	+0.117%	$71K	$187K	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	143.27	−0.077%	$1K	$4.8M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	143.33	−0.035%	$196K	$546K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	143.29	−0.063%	$2.5M	$1.2M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0029%	1h	143.28	−0.070%	$116K	$382K	10x	as long as short
Bybit SOXLUSDT	+0.0031%	8h	143.35	−0.021%	$50.4M	$183.5M	100x	as long as short
Lighter SOXL	+0.0032%	1h	143.25	−0.091%	$774K	$2.7M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	143.28	−0.070%	$325K	$2.0M	20x	as long as short
QFEX SOXL-USD	+0.0038%	1h	143.29	−0.063%	$305K	$259K	30x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	143.24	−0.098%	$25.6M	$23.4M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	143.15	−0.160%	$213K	$895K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	143.33	−0.035%	$6.8M	$11.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	143.39	+0.007%	$37K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	143.31	−0.049%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	143.32	−0.044%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0136%	1h	143.40	+0.014%	$739K	$2.6M	10x	as long as short
Polymarket Perps SOXL-USDlong	+0.0195%	1h	143.38	long leg	$6K	$265K	10x
Kraken Futures PF_SOXLUSD	+0.0300%	1h	143.23	−0.102%	$89K	$311K	20x	as long as short
edgeX SOXLUSDC	+0.0734%	4h	143.51	+0.091%	$179K	$320K	10x	as long as short