Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h +0.014%

Price spread now: Ondo Perps against Variational Omni+0.102%51s7-day average −0.057% · you sell dearer than you buy

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.260%−$26 · spread now +0.102%, 7d avg −0.057%

Together, before fees−0.357%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.158% dearer against Variational Omni than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of −0.057%): +$16 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.1 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SOXL	145.26	0.0179	pay 0.0179% / 8h	6h 40m	$2.4M	$4.9M	—
Short	Ondo Perps SOXL-USD.P	145.41	0.0050	get 0.0006% / 1h	40m 46s	$207K	$703K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee Ondo PerpsbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$26.93
Price spread: +0.102% → −0.057%: $15.83
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$16.1
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Ondo Perps: 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 Variational Omni RFQ quote, 3 min ago	2.37 bp	doesn't fit	4.9 bp −$49	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Aster SOXLUSDT	0.0000%	8h	145.23	−0.025%	$249K	$1.6M	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	145.15	−0.077%	$52.6M	$184.2M	100x	as long as short
Gate SOXL_USDT	0.0000%	8h	145.19	−0.050%	$27.3M	$40.8M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	145.38	+0.081%	$1K	$4.4M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	145.28	+0.012%	$118K	$276K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	145.39	+0.088%	$184K	$621K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	145.29	+0.019%	$2.5M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0021%	1h	145.30	+0.026%	$269K	$271K	30x	as long as short
Lighter SOXL	+0.0032%	1h	145.05	−0.146%	$812K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	145.11	−0.105%	$348K	$1.8M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:SOXL	+0.0050%	1h	145.07	−0.133%	$25.9M	$22.6M	10x	as long as short
Ondo Perps SOXL-USD.Pshort	+0.0050%	1h	145.41	+0.102%	$207K	$703K	10x
Polymarket Perps SOXL-USD	+0.0053%	1h	145.39	+0.088%	$5K	$266K	10x	as long as short
OKX SOXL-USDT-SWAP	+0.0067%	8h	145.15	−0.077%	$25.4M	$188.7M	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	145.24	−0.015%	$6.9M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	145.32	+0.040%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	145.25	−0.009%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	145.26	−0.002%	$6K	—	10x	as long as short
Variational Omni SOXLlong	+0.0179%	8h	145.26	long leg	$2.4M	$4.9M	—
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	145.25	−0.009%	$839K	$2.5M	10x	as long as short
BloFin SOXL-USDT	+0.0206%	8h	145.57	+0.212%	$1.3M	$490K	50x	as long as short
Extended SOXL-USD	+0.0208%	1h	145.20	−0.046%	$24K	$263K	10x	as long as short
Binance SOXLUSDT	+0.0211%	8h	145.11	−0.106%	$170.4M	$1.23B	50x	as long as short
MEXC SOXL_USDT	+0.0213%	8h	145.23	−0.022%	$14.7M	$47.7M	200x	as long as short
GRVT SOXL_USDT_Perp	+0.0213%	8h	145.44	+0.124%	$71K	$168K	10x	as long as short
Bitget SOXLUSDT	+0.0348%	8h	145.20	−0.043%	$60.3M	$112.6M	20x	as long as short
Kraken Futures PF_SOXLUSD	+0.0413%	1h	145.25	−0.011%	$88K	$304K	20x	as long as short
edgeX SOXLUSDC	+0.0844%	4h	145.31	+0.031%	$181K	$322K	10x	as long as short