Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0094%/8h= +10.2% APRpaid last 24h −0.031%

Price spread now: Binance against Deribit+0.076%7-day average −0.003% · you sell dearer than you buy

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−$380.380% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.180%+$18 on $10k

Price spread, last 2 days (all we have)−0.054%−$5 · spread now +0.076%, 7d avg −0.003%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.079% dearer against Deribit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOXL_USDC-PERPETUAL	145.72	0.0093	pay 0.0012% / 1h	23m 30s	$118K	$273K	10x
Short	Binance SOXLUSDT	145.83	0.0187	get 0.0187% / 8h	7h 23m	$171.2M	$1.21B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.076%Rate

Funding earned: $19.65
Price spread: +0.076% → −0.003%: $7.93
Slippage, 4 orders: −$21.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.44
Costs to cover: 0.380%
Break-even: 10.7 days

Slippage from Deribit: live order book, 50 min ago; Binance: live order book, 6 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 Deribit live order book, 50 min ago	0.35 bp	17.0 bp −$17	21.1 bp −$211	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.34 bp	5.7 bp −$6	6.2 bp −$62	17.1 bp −$1,710	67.4 bp −$33.7K

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	145.85	+0.092%	$217K	$1.6M	50x	as long as short
Gate SOXL_USDT	0.0000%	8h	145.89	+0.117%	$27.8M	$39.2M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	145.77	+0.034%	$2K	$4.5M	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	145.69	−0.021%	$2.5M	$1.2M	10x	as long as short
Lighter SOXL	+0.0032%	1h	145.83	+0.075%	$812K	$2.6M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	145.88	+0.110%	$347K	$1.8M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	146.93	+0.830%	$242K	$747K	10x	as long as short
QFEX SOXL-USD	+0.0070%	1h	145.89	+0.117%	$270K	$271K	30x	as long as short
Deribit SOXL_USDC-PERPETUALlong	+0.0093%	1h	145.72	long leg	$118K	$273K	10x
KuCoin SOXLUSDTM	+0.0100%	8h	145.95	+0.158%	$7.0M	$10.5M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOXLUSDT	+0.0100%	1h	146.78	+0.727%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	145.80	+0.055%	$1K	$5K	20x	as long as short
OKX SOXL-USDT-SWAP	+0.0102%	8h	146.01	+0.199%	$26.8M	$189.0M	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	145.77	+0.031%	$6K	—	10x	as long as short
Variational Omni SOXL	+0.0150%	8h	146.81	+0.749%	$2.3M	$4.9M	—	as long as short
HTX SOXL-USDT	+0.0155%	8h	146.51	+0.542%	$185K	$628K	50x	as long as short
Extended SOXL-USD	+0.0184%	1h	145.68	−0.025%	$25K	$318K	10x	as long as short
Binance SOXLUSDTshort	+0.0187%	8h	145.83	+0.076%	$171.2M	$1.21B	50x
MEXC SOXL_USDT	+0.0187%	8h	145.97	+0.172%	$13.1M	$47.7M	200x	as long as short
BloFin SOXL-USDT	+0.0188%	8h	146.43	+0.487%	$1.3M	$498K	50x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.95	+0.844%	$1.1M	$2.2M	10x	as long as short
tradeXYZ xyz:SOXL	+0.0211%	1h	145.95	+0.158%	$26.3M	$21.5M	10x	as long as short
Bybit SOXLUSDT	+0.0236%	8h	146.02	+0.206%	$53.0M	$182.3M	100x	as long as short
Kraken Futures PF_SOXLUSD	+0.0426%	1h	145.87	+0.101%	$88K	$304K	20x	as long as short
Bitget SOXLUSDT	+0.0449%	8h	145.97	+0.172%	$61.7M	$111.4M	20x	as long as short
Polymarket Perps SOXL-USD	+0.0600%	1h	146.12	+0.274%	$5K	$266K	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0710%	8h	146.44	+0.494%	$72K	$161K	10x	as long as short
edgeX SOXLUSDC	+0.0730%	4h	146.49	+0.528%	$183K	$321K	10x	as long as short