Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h +0.097%

Price spread now: GRVT against Polymarket Perps−0.034%57s7-day average +0.025% · 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—prices read too far apart to compare

costs, in and out, $10k−$330.327% of the position

Long on Polymarket Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.061%−$6 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.034%, 7d avg +0.025%

Together, before fees−0.080%+ Points / potential airdropGRVT: Active · farm board−$8 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 GRVT is 0.059% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.025%). Swap the legs. The two prices were read 57 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 -0.061% in total (about -4.2% 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	143.44	0.0186	pay 0.0023% / 1h	7m 33s	$6K	$265K	10x
Short	GRVT SOXL_USDT_Perp	143.39	0	get 0.0000% / 8h	1h 07m	$70K	$184K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$39.06
Price spread: −0.034% → +0.025%: −$5.91
Slippage, 4 orders: −$15.69
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$77.67
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 9 min ago; GRVT: live order book, 9 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, 9 min ago	2.79 bp	6.8 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell GRVT live order book, 9 min ago	1.75 bp	6.2 bp −$6	18.1 bp −$181	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	−0.0022%	8h	143.31	−0.091%	$1.2M	$506K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	143.24	−0.138%	$214K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	143.18	−0.181%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	143.21	−0.158%	$166.3M	$1.20B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	143.20	−0.167%	$24.9M	$187.6M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	143.22	−0.153%	$25.7M	$40.5M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	143.20	−0.167%	$15.3M	$46.2M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	143.20	−0.167%	$59.2M	$110.7M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	143.18	−0.184%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perpshort	0.0000%	8h	143.39	−0.034%	$70K	$184K	10x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXL-USDT	0.0000%	8h	143.34	−0.070%	$2K	$4.8M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	143.27	−0.119%	$198K	$578K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	143.24	−0.139%	$2.5M	$1.2M	10x	as long as short
Bybit SOXLUSDT	+0.0016%	8h	143.23	−0.146%	$50.5M	$183.8M	100x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0029%	1h	143.30	−0.098%	$116K	$383K	10x	as long as short
Lighter SOXL	+0.0032%	1h	143.14	−0.209%	$810K	$2.7M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	143.22	−0.153%	$339K	$2.0M	20x	as long as short
QFEX SOXL-USD	+0.0038%	1h	143.15	−0.202%	$305K	$259K	30x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	143.17	−0.188%	$25.6M	$23.2M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	143.27	−0.119%	$213K	$896K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	143.28	−0.112%	$6.8M	$11.3M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	143.34	−0.070%	$37K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	143.28	−0.112%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	143.28	−0.115%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0136%	1h	143.40	−0.028%	$739K	$2.6M	10x	as long as short
Polymarket Perps SOXL-USDlong	+0.0186%	1h	143.44	long leg	$6K	$265K	10x
Kraken Futures PF_SOXLUSD	+0.0300%	1h	143.22	−0.156%	$89K	$309K	20x	as long as short
edgeX SOXLUSDC	+0.0847%	4h	143.18	−0.182%	$179K	$320K	10x	as long as short