Settings8H · net · $10k
Funding arb · Price arb /

SOXL

RWAall SOXL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.035%
Price spread now: SunX against Coinbase International−0.093%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$840.840% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.442%−$44 on $10k
Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.093%, 7d avg +0.025%
Together, before fees−0.242%−$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SunX is 0.118% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.025%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SOXL-PERP-INTX140.400.0184pay 0.0023% / 1h7m 50s$966K$3.2M10x
ShortSunX SOXL-USDT140.270get 0.0000% / 8h2h 07m$1K$4.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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

Funding earned
−$38.64
Price spread: −0.093% → +0.025%
−$11.79
Slippage, 4 orders
−$65.96
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$134.39
Costs to cover
0.840%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 1 min ago; SunX: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 1 min ago3.21 bp9.8 bp −$1014.5 bp −$145doesn't fitdoesn't fit
Sell SunX live order book, 11 min ago28.98 bp33.0 bp −$3362.2 bp −$622doesn't fitdoesn't fit

SOXL on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SOXLUSDT−0.2256%8h140.400.000%$60.4M$135.8M20xas long as short
Aster SOXLUSDT0.0000%8h140.45+0.036%$200K$1.7M50xas long as short
Extended SOXL-USD0.0000%1h140.30−0.069%$33K$311K10xas long as short
Binance SOXLUSDT0.0000%8h140.46+0.042%$166.5M$1.43B50xas long as short
Bybit SOXLUSDT0.0000%8h140.37−0.021%$46.8M$225.5M100xas long as short
OKX SOXL-USDT-SWAP0.0000%8h140.38−0.014%$26.7M$223.4M20xas long as short
Gate SOXL_USDT0.0000%8h140.35−0.036%$28.1M$49.0M50xas long as short
MEXC SOXL_USDT0.0000%8h140.35−0.036%$16.9M$54.6M200xas long as short
Variational Omni SOXL0.0000%8h140.25−0.107%$1.9M$5.4Mas long as short
GRVT SOXL_USDT_Perp0.0000%8h140.30−0.071%$64K$202K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SOXL-USDTshort0.0000%8h140.27−0.093%$1K$4.3M10x
Deribit SOXL_USDC-PERPETUAL0.0000%1h140.26−0.100%$109K$339K10xas long as short
HTX SOXL-USDT0.0000%8h140.64+0.171%$93K$1.2M50xas long as short
Phemex SOXLUSDT0.0000%8h140.28−0.085%$2.3M$1.2M10xas long as short
BloFin SOXL-USDT+0.0017%8h140.43+0.021%$1.3M$472K50xas long as short
Lighter SOXL+0.0032%1h140.46+0.043%$690K$2.3M20xas long as short
Lighter RH SOXL+0.0032%1h140.42+0.014%$271K$1.7M20xas long as short
tradeXYZ xyz:SOXL+0.0050%1h140.36−0.028%$22.2M$29.3M10xas long as short
Ondo Perps SOXL-USD.P+0.0050%1h140.27−0.093%$219K$508K10xas long as short
QFEX SOXL-USD+0.0053%1h140.28−0.085%$259K$266K30xas long as short
KuCoin SOXLUSDTM+0.0100%8h140.34−0.043%$6.7M$10.7M20xas long as short
ApeX Omni SOXLUSDT+0.0100%1h140.24−0.114%$36K$141K50xas long as short
Orderly PERP_SOXL_USDC_mythos+0.0100%8h140.27−0.093%$1K$5K20xas long as short
Aevo SOXL-PERP+0.0104%1h140.25−0.104%$5K10xas long as short
Coinbase International SOXL-PERP-INTXlong+0.0184%1h140.40long leg$966K$3.2M10x
Polymarket Perps SOXL-USD+0.0465%1h140.34−0.043%$8K$291K10xas long as short
Kraken Futures PF_SOXLUSD+0.0652%1h140.19−0.150%$83K$296K20xas long as short
edgeX SOXLUSDC+0.0682%4h140.28−0.088%$175K$329K10xas long as short