Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.018%

Price spread now: Bybit against ApeX Omni−0.373%89s7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$920.921% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.464%+$46 · spread now −0.373%, 7d avg +0.044%

Together, before fees+0.497%+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.417% cheaper against ApeX Omni than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of +0.044%). Swap the legs. The two prices were read 89 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	ApeX Omni SOXLUSDT	142.01	0.0100	pay 0.0013% / 1h	43m 55s	$37K	$144K	50x
Short	Bybit SOXLUSDT	141.48	0	get 0.0000% / 8h	5h 43m	$45.4M	$231.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now −0.373%Rate

Funding earned: −$21
Price spread: −0.373% → +0.044%: −$41.73
Slippage, 4 orders: −$71.15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$154.88
Costs to cover: 0.921%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; Bybit: 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 ApeX Omni live order book, 65 min ago	25.95 bp	37.3 bp −$37	196.9 bp −$1,969	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.35 bp	7.9 bp −$8	13.6 bp −$136	86.9 bp −$8,693	doesn't fit

SOXL on 28 exchanges

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	−0.0413%	8h	141.53	−0.338%	$59.5M	$163.0M	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	141.44	−0.404%	$181K	$1.4M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	141.42	−0.414%	$41K	$445K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	141.44	−0.401%	$162.7M	$1.66B	50x	as long as short
Bybit SOXLUSDTshort	0.0000%	8h	141.48	−0.373%	$45.4M	$231.2M	100x
OKX SOXL-USDT-SWAP	0.0000%	8h	141.45	−0.394%	$25.6M	$262.0M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	141.49	−0.366%	$28.2M	$59.9M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	141.50	−0.359%	$20.6M	$60.8M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	141.65	−0.254%	$1.9M	$5.6M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	142.07	+0.042%	$66K	$197K	10x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXL-USDT	0.0000%	8h	141.49	−0.366%	$1K	$3.7M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	141.51	−0.352%	$115K	$381K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	141.37	−0.451%	$89K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	141.47	−0.380%	$2.3M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0022%	1h	141.23	−0.549%	$261K	$257K	30x	as long as short
BloFin SOXL-USDT	+0.0024%	8h	141.44	−0.401%	$1.3M	$506K	50x	as long as short
Lighter SOXL	+0.0032%	1h	141.45	−0.394%	$680K	$2.7M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	141.44	−0.401%	$262K	$1.8M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	141.46	−0.387%	$22.0M	$33.2M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	141.30	−0.500%	$13K	$293K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	141.41	−0.423%	$206K	$398K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	141.50	−0.359%	$6.4M	$10.3M	20x	as long as short
ApeX Omni SOXLUSDTlong	+0.0100%	1h	142.01	long leg	$37K	$144K	50x
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	141.48	−0.373%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	141.47	−0.383%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	142.21	+0.141%	$827K	$3.4M	10x	as long as short
edgeX SOXLUSDC	+0.0403%	4h	141.93	−0.059%	$176K	$335K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0513%	1h	140.99	−0.720%	$88K	$380K	20x	as long as short