Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.034%

Price spread now: Coinbase International against SunX−0.227%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$810.809% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.443%+$44 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.227%, 7d avg −0.025%

Together, before fees+0.549%+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.202% cheaper against SunX than usual: you would sell low and buy high (spread −0.227% now, against its 7-day average of −0.025%). If the spread goes back, that is −$20 on $10k: about 5.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOXL-USDT	140.93	0	get 0.0000% / 8h	3h 22m	$1K	$4.3M	10x
Short	Coinbase International SOXL-PERP-INTX	140.61	0.0120	get 0.0015% / 1h	22m 55s	$869K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.227%Rate

Funding earned: $25.2
Price spread: −0.227% → −0.025%: −$20.17
Slippage, 4 orders: −$62.87
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$75.84
Costs to cover: 0.809%
Break-even: 28.1 days

Slippage from SunX: live order book, 5 min ago; Coinbase International: live order book, 1 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 SunX live order book, 5 min ago	28.42 bp	32.4 bp −$32	61.7 bp −$617	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.84 bp	8.2 bp −$8	11.9 bp −$119	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
Bitget SOXLUSDT	−0.0693%	8h	140.81	−0.085%	$58.5M	$120.1M	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	140.91	−0.012%	$214K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	140.77	−0.117%	$33K	$255K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	140.76	−0.118%	$163.6M	$1.31B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	140.71	−0.156%	$47.4M	$205.5M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	140.68	−0.177%	$24.5M	$201.6M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	140.74	−0.135%	$26.0M	$44.9M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	140.77	−0.114%	$14.6M	$50.8M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	141.33	+0.283%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	141.17	+0.170%	$67K	$183K	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-USDTlong	0.0000%	8h	140.93	long leg	$1K	$4.3M	10x
HTX SOXL-USDT	0.0000%	8h	140.90	−0.021%	$135K	$812K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	140.92	−0.007%	$2.4M	$1.2M	10x	as long as short
BloFin SOXL-USDT	0.0000%	8h	140.85	−0.057%	$1.2M	$469K	50x	as long as short
QFEX SOXL-USD	+0.0004%	1h	140.91	−0.014%	$260K	$266K	30x	as long as short
Lighter SOXL	+0.0032%	1h	140.85	−0.057%	$692K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	140.78	−0.106%	$261K	$1.9M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	140.73	−0.142%	$24.8M	$23.3M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	140.75	−0.128%	$208K	$500K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0051%	1h	140.78	−0.106%	$83K	$293K	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	140.83	−0.071%	$6.7M	$10.2M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	141.62	+0.490%	$37K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	140.87	−0.043%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	140.94	+0.007%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTXshort	+0.0120%	1h	140.61	−0.227%	$869K	$2.8M	10x
edgeX SOXLUSDC	+0.0322%	4h	141.88	+0.671%	$177K	$328K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0344%	1h	140.95	+0.014%	$3K	$268K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0603%	1h	140.87	−0.043%	$110K	$333K	10x	as long as short