Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0224%/8h= −24.6% APRpaid last 24h +0.183%

Price spread now: BloFin against Polymarket Perps+0.084%45s7-day average +0.051% · you sell dearer than you buy

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

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

costs, in and out, $10k−$320.316% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.023%+$2 on $10k

Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.084%, 7d avg +0.051%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.033% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.051%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 12 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.023% in total (about 1.6% 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	142.38	0.0219	pay 0.0027% / 1h	47m 59s	$6K	$265K	10x
Short	BloFin SOXL-USDT	142.50	−0.0005	pay 0.0005% / 8h	1h 47m	$1.2M	$519K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$47.11
Price spread: +0.084% → +0.051%: $3.29
Slippage, 4 orders: −$11.58
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$75.4
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 34 min ago; BloFin: live order book, 4 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, 34 min ago	3.86 bp	7.9 bp −$8	8.9 bp −$89	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.05 bp	7.4 bp −$7	10.0 bp −$100	20.1 bp −$2,008	52.4 bp −$26.2K

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-USDTshort	−0.0005%	8h	142.50	+0.084%	$1.2M	$519K	50x
Aster SOXLUSDT	0.0000%	8h	142.41	+0.018%	$213K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	142.37	−0.008%	$25K	$336K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	142.39	+0.009%	$165.8M	$1.20B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	142.42	+0.028%	$24.9M	$186.4M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	142.40	+0.014%	$25.6M	$40.1M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	142.37	−0.007%	$16.4M	$45.6M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	142.41	+0.021%	$59.1M	$110.3M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	142.63	+0.178%	$2.2M	$5.0M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	142.66	+0.195%	$70K	$196K	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	142.36	−0.014%	$2K	$4.8M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	142.51	+0.091%	$190K	$534K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	142.38	0.000%	$2.5M	$1.2M	10x	as long as short
Bybit SOXLUSDT	+0.0017%	8h	142.43	+0.035%	$50.4M	$183.0M	100x	as long as short
Lighter SOXL	+0.0032%	1h	142.34	−0.028%	$766K	$2.7M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	142.37	−0.007%	$323K	$2.0M	20x	as long as short
QFEX SOXL-USD	+0.0038%	1h	142.48	+0.070%	$303K	$259K	30x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	142.33	−0.035%	$25.5M	$23.4M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	142.47	+0.063%	$205K	$889K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	142.39	+0.007%	$6.7M	$11.5M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	142.51	+0.091%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	142.34	−0.028%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	142.35	−0.024%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0136%	1h	142.63	+0.176%	$747K	$2.6M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0172%	1h	142.32	−0.042%	$116K	$380K	10x	as long as short
Polymarket Perps SOXL-USDlong	+0.0219%	1h	142.38	long leg	$6K	$265K	10x
Kraken Futures PF_SOXLUSD	+0.0302%	1h	142.29	−0.064%	$88K	$311K	20x	as long as short
edgeX SOXLUSDC	+0.0419%	4h	142.59	+0.149%	$178K	$320K	10x	as long as short