Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.005%

Price spread now: QFEX against Bybit−0.090%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.216%−$22 on $10k

Price spread, last 4 days (all we have)−0.196%−$20 · spread now −0.090%, 7d avg −0.035%

Together, before fees−0.412%−$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.055% cheaper against Bybit than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of −0.035%). If the spread goes back, that is −$6 on $10k: about 8.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.216%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOXLUSDT	145.04	0	get 0.0000% / 8h	4h 11m	$50.6M	$188.6M	100x
Short	QFEX SOXL-USD	144.91	0.0021	get 0.0003% / 1h	11m 57s	$268K	$266K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now −0.090%Rate

Funding earned: $4.47
Price spread: −0.090% → −0.035%: −$5.5
Slippage, 4 orders: −$3.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$25.85
Costs to cover: 0.248%
Break-even: 47.5 days

Slippage from Bybit: live order book, 2 min ago; QFEX: live order book, 23 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 Bybit live order book, 2 min ago	0.34 bp	5.9 bp −$6	9.4 bp −$94	83.1 bp −$8,308	doesn't fit
Sell QFEX live order book, 23 min ago	1.03 bp	6.0 bp −$6	8.4 bp −$84	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	−0.0116%	1h	145.09	+0.037%	$88K	$304K	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	145.02	−0.011%	$232K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	145.01	−0.017%	$29K	$241K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	145.06	+0.014%	$169.3M	$1.25B	50x	as long as short
Bybit SOXLUSDTlong	0.0000%	8h	145.04	long leg	$50.6M	$188.6M	100x
OKX SOXL-USDT-SWAP	0.0000%	8h	145.02	−0.014%	$24.5M	$196.9M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	145.00	−0.028%	$27.2M	$43.2M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	145.02	−0.014%	$14.9M	$49.7M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	145.04	0.000%	$60.0M	$113.1M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	145.07	+0.020%	$2.4M	$4.7M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SOXL_USDT_Perp	0.0000%	8h	144.97	−0.048%	$71K	$177K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	145.01	−0.021%	$1K	$4.3M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	144.99	−0.034%	$114K	$290K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.99	−0.034%	$183K	$569K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	145.02	−0.014%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USDshort	+0.0021%	1h	144.91	−0.090%	$268K	$266K	30x
BloFin SOXL-USDT	+0.0023%	8h	144.97	−0.048%	$1.2M	$476K	50x	as long as short
Lighter SOXL	+0.0032%	1h	145.01	−0.021%	$727K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.99	−0.034%	$275K	$1.9M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	145.00	−0.028%	$25.4M	$22.8M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.82	−0.152%	$207K	$488K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	145.03	−0.007%	$6.9M	$10.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.99	−0.034%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	145.00	−0.028%	$1K	$5K	20x	as long as short
edgeX SOXLUSDC	+0.0101%	4h	144.95	−0.064%	$181K	$329K	10x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	145.00	−0.029%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0152%	1h	144.92	−0.083%	$901K	$2.6M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0161%	1h	145.14	+0.069%	$3K	$269K	10x	as long as short