Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0415%/8h= +45.5% APRpaid last 24h +0.070%

Price spread now: Kraken Futures against Aster−0.023%54s7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as 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−$790.790% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.346%−$35 on $10k

Price spread, last 3 days (all we have)−0.150%−$15 · spread now −0.023%, 7d avg −0.076%

Together, before fees−0.497%+ Points / potential airdropAster: Stage 5 · farm board−$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.053% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.076%. Mind the row above: over the last 7 days funding on this pair cost −0.346%, so the current rate has only just turned in your favour. The two prices were read 54 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	Aster SOXLUSDT	144.43	0	get 0.0000% / 8h	6h 37m	$247K	$1.6M	50x
Short	Kraken Futures PF_SOXLUSD	144.40	0.0415	get 0.0052% / 1h	37m 23s	$88K	$304K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.023%Rate

Funding earned: $87.25
Price spread: −0.023% → −0.076%: $5.32
Slippage, 4 orders: −$61.02
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $13.56
Costs to cover: 0.790%
Break-even: 5.9 days

Slippage from Aster: live order book, 1 min ago; Kraken Futures: live order book, 30 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 Aster live order book, 1 min ago	1.38 bp	8.5 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 30 min ago	4.43 bp	37.8 bp −$38	doesn't fit	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
Aster SOXLUSDTlong	0.0000%	8h	144.43	long leg	$247K	$1.6M	50x
Bybit SOXLUSDT	0.0000%	8h	144.23	−0.139%	$52.0M	$185.0M	100x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.32	−0.076%	$27.0M	$41.0M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.26	−0.118%	$1K	$4.4M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	144.36	−0.049%	$117K	$276K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.67	+0.166%	$183K	$616K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.42	−0.007%	$2.5M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.43	0.000%	$267K	$271K	30x	as long as short
Lighter SOXL	+0.0032%	1h	144.45	+0.014%	$809K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.48	+0.035%	$347K	$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	144.22	−0.145%	$25.5M	$22.5M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	144.38	−0.035%	$3K	$269K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	145.41	+0.678%	$207K	$651K	10x	as long as short
OKX SOXL-USDT-SWAP	+0.0054%	8h	144.09	−0.235%	$24.6M	$189.9M	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.34	−0.062%	$6.9M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.62	+0.131%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.26	−0.118%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.24	−0.135%	$6K	—	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0109%	8h	144.66	+0.159%	$71K	$168K	10x	as long as short
Variational Omni SOXL	+0.0179%	8h	145.26	+0.576%	$2.4M	$4.9M	—	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	144.42	−0.007%	$804K	$2.5M	10x	as long as short
Binance SOXLUSDT	+0.0202%	8h	144.30	−0.091%	$169.2M	$1.23B	50x	as long as short
MEXC SOXL_USDT	+0.0204%	8h	144.33	−0.069%	$14.8M	$47.9M	200x	as long as short
BloFin SOXL-USDT	+0.0206%	8h	145.57	+0.789%	$1.3M	$490K	50x	as long as short
Extended SOXL-USD	+0.0208%	1h	144.42	−0.008%	$24K	$263K	10x	as long as short
Bitget SOXLUSDT	+0.0216%	8h	144.30	−0.090%	$59.9M	$112.6M	20x	as long as short
edgeX SOXLUSDC	+0.0409%	4h	144.65	+0.152%	$180K	$323K	10x	as long as short
Kraken Futures PF_SOXLUSDshort	+0.0415%	1h	144.40	−0.023%	$88K	$304K	20x