Funding arb · Price arb /

SOXL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.023%

Price spread now: Orderly against QFEX−0.050%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.050% cheaper against QFEX than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SOXL-USD	141.29	0.0053	pay 0.0007% / 1h	49m 40s	$261K	$266K	30x
Short	Orderly PERP_SOXL_USDC_mythos	141.22	0.0100	get 0.0100% / 8h	2h 49m	$1K	$5K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against QFEX. 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 QFEXbpFee OrderlybpOrdersPrice spread, now −0.050%Rate

Funding earned: $9.88
Price spread: −0.050% → 0.000%: −$4.95
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$11.08
Costs to cover: 0.160%
Break-even: 14.8 days

Slippage unknown: QFEX: live order book, 40 min ago; Orderly: no order-book sample. Net counts fees only.

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 QFEX live order book, 40 min ago	1.76 bp	7.0 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget SOXLUSDT	−0.1609%	8h	141.00	−0.205%	$60.5M	$128.2M	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	140.93	−0.252%	$206K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	141.15	−0.098%	$33K	$312K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	140.95	−0.241%	$165.2M	$1.36B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	140.98	−0.219%	$46.9M	$215.8M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	140.90	−0.276%	$25.5M	$210.4M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	141.15	−0.099%	$26.0M	$46.2M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	141.03	−0.184%	$17.5M	$52.1M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	141.31	+0.014%	$2.2M	$5.0M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	141.24	−0.039%	$67K	$195K	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	141.18	−0.078%	$2K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	141.37	+0.057%	$102K	$1.1M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	141.14	−0.106%	$2.4M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0006%	8h	141.28	−0.007%	$1.2M	$474K	50x	as long as short
Lighter RH SOXL	+0.0032%	1h	141.00	−0.205%	$264K	$1.7M	20x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0034%	1h	141.13	−0.113%	$110K	$333K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	141.35	+0.042%	$208K	$502K	10x	as long as short
QFEX SOXL-USDlong	+0.0053%	1h	141.29	long leg	$261K	$266K	30x
Lighter SOXL	+0.0080%	1h	141.03	−0.184%	$696K	$2.3M	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	141.10	−0.134%	$6.7M	$10.5M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	141.19	−0.071%	$37K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythosshort	+0.0100%	8h	141.22	−0.050%	$1K	$5K	20x
Aevo SOXL-PERP	+0.0104%	1h	141.21	−0.059%	$5K	—	10x	as long as short
edgeX SOXLUSDC	+0.0113%	4h	141.14	−0.110%	$176K	$329K	10x	as long as short
tradeXYZ xyz:SOXL	+0.0136%	1h	141.06	−0.163%	$25.2M	$23.9M	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0184%	1h	141.38	+0.064%	$898K	$2.9M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0540%	1h	141.52	+0.163%	$3K	$269K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0648%	1h	141.09	−0.143%	$85K	$299K	20x	as long as short