Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h −0.036%

Price spread now: HTX against Deribit+0.061%7-day average +0.033% · 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−$44as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.061%, 7d avg +0.033%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and HTX is 0.028% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOXL_USDC-PERPETUAL	146.72	0	get 0.0000% / 1h	59m 44s	$119K	$287K	10x
Short	HTX SOXL-USDT	146.81	0.0223	get 0.0223% / 8h	6h 59m	$185K	$624K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $46.87
Price spread: +0.061% → +0.033%: $2.79
Slippage, 4 orders: −$28.22
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: $2.44
Costs to cover: 0.472%
Break-even: 6.6 days

Slippage from Deribit: live order book, 9 min ago; HTX: live order book, 9 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, 9 min ago	7.84 bp	15.0 bp −$15	18.8 bp −$188	doesn't fit	doesn't fit
Sell HTX live order book, 9 min ago	4.43 bp	10.4 bp −$10	11.0 bp −$110	21.0 bp −$2,101	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
tradeXYZ xyz:SOXL	−0.0174%	1h	146.60	−0.082%	$26.3M	$22.2M	10x	as long as short
Ondo Perps SOXL-USD.P	−0.0075%	1h	146.62	−0.068%	$229K	$723K	10x	as long as short
Bybit SOXLUSDT	0.0000%	8h	146.64	−0.055%	$53.0M	$182.9M	100x	as long as short
Gate SOXL_USDT	0.0000%	8h	146.65	−0.048%	$27.4M	$39.4M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	146.72	0.000%	$1K	$4.5M	10x	as long as short
Deribit SOXL_USDC-PERPETUALlong	0.0000%	1h	146.72	long leg	$119K	$287K	10x
Phemex SOXLUSDT	0.0000%	8h	146.73	+0.007%	$2.5M	$1.2M	10x	as long as short
Aster SOXLUSDT	+0.0020%	8h	146.77	+0.033%	$254K	$1.6M	50x	as long as short
Lighter SOXL	+0.0032%	1h	146.57	−0.102%	$816K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	146.61	−0.075%	$349K	$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
QFEX SOXL-USD	+0.0070%	1h	146.83	+0.075%	$271K	$271K	30x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.70	−0.014%	$7.0M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	146.58	−0.095%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.72	0.000%	$1K	$5K	20x	as long as short
OKX SOXL-USDT-SWAP	+0.0103%	8h	146.63	−0.061%	$26.3M	$190.4M	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.71	−0.008%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.68	−0.027%	$955K	$2.4M	10x	as long as short
HTX SOXL-USDTshort	+0.0223%	8h	146.81	+0.061%	$185K	$624K	50x
Variational Omni SOXL	+0.0238%	8h	146.74	+0.013%	$2.4M	$5.0M	—	as long as short
Extended SOXL-USD	+0.0272%	1h	146.57	−0.106%	$25K	$273K	10x	as long as short
MEXC SOXL_USDT	+0.0273%	8h	146.60	−0.082%	$14.0M	$46.8M	200x	as long as short
Binance SOXLUSDT	+0.0275%	8h	146.64	−0.058%	$171.9M	$1.22B	50x	as long as short
BloFin SOXL-USDT	+0.0297%	8h	146.71	−0.007%	$1.3M	$496K	50x	as long as short
Kraken Futures PF_SOXLUSD	+0.0424%	1h	146.59	−0.085%	$89K	$304K	20x	as long as short
Polymarket Perps SOXL-USD	+0.0449%	1h	146.84	+0.082%	$5K	$266K	10x	as long as short
Bitget SOXLUSDT	+0.0646%	8h	146.64	−0.055%	$61.9M	$112.5M	20x	as long as short
GRVT SOXL_USDT_Perp	+0.0766%	8h	146.91	+0.132%	$72K	$165K	10x	as long as short
edgeX SOXLUSDC	+0.0851%	4h	146.64	−0.055%	$183K	$323K	10x	as long as short