Funding arb · Price arb /

SOXL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h +0.147%

Price spread now: Aster against tradeXYZ+0.069%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days+0.070%+$7 · spread now +0.069%, 7d avg +0.068%

Together, before fees+0.161%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.7% 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	tradeXYZ xyz:SOXL	144.44	0.0192	pay 0.0024% / 1h	35m 37s	$26.1M	$22.1M	10x
Short	Aster SOXLUSDT	144.54	0	get 0.0000% / 8h	35m 37s	$215K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$40.27
Price spread: +0.069% → +0.068%: $0.16
Slippage, 4 orders: −$11.34
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$77.45
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	0.69 bp	11.5 bp −$11	13.7 bp −$137	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.42 bp	8.4 bp −$8	11.0 bp −$110	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
Kraken Futures PF_SOXLUSD	−0.0023%	1h	144.40	−0.031%	$89K	$303K	20x	as long as short
Aster SOXLUSDTshort	0.0000%	8h	144.54	+0.069%	$215K	$1.7M	50x
Extended SOXL-USD	0.0000%	1h	144.50	+0.041%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	144.52	+0.055%	$170.9M	$1.19B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.51	+0.048%	$25.5M	$183.9M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.49	+0.035%	$27.1M	$38.9M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	144.50	+0.042%	$14.4M	$46.4M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.46	+0.014%	$60.1M	$109.0M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.65	+0.144%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	144.47	+0.024%	$71K	$169K	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	144.62	+0.125%	$2K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.68	+0.166%	$200K	$547K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.56	+0.083%	$2.5M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0005%	8h	144.69	+0.173%	$1.2M	$491K	50x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.49	+0.035%	$307K	$258K	30x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.53	+0.062%	$343K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.44	0.000%	$238K	$913K	10x	as long as short
Bybit SOXLUSDT	+0.0066%	8h	144.56	+0.083%	$51.4M	$178.0M	100x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.50	+0.042%	$6.9M	$11.0M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.38	−0.042%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.55	+0.076%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.62	+0.125%	$6K	—	10x	as long as short
edgeX SOXLUSDC	+0.0115%	4h	144.65	+0.145%	$180K	$322K	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.28	−0.111%	$962K	$2.2M	10x	as long as short
Lighter SOXL	+0.0160%	1h	144.48	+0.028%	$801K	$2.6M	20x	as long as short
tradeXYZ xyz:SOXLlong	+0.0192%	1h	144.44	long leg	$26.1M	$22.1M	10x
Polymarket Perps SOXL-USD	+0.0548%	1h	144.70	+0.180%	$5K	$265K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0858%	1h	144.58	+0.097%	$118K	$301K	10x	as long as short