Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.2350%/8h= −257.3% APRpaid last 24h +0.034%

Price spread now: Bitget against Extended+0.047%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.439%+$44 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.047%, 7d avg −0.010%

Together, before fees+0.286%+ Points / potential airdropExtended: Active · farm board+$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.057% dearer against Extended than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.010%): +$6 on $10k if it goes back. Holding the pair costs −$71 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.439%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.439% in total (about 22.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOXL-USD	138.31	0	get 0.0000% / 1h	24m 59s	$32K	$314K	10x
Short	Bitget SOXLUSDT	138.37	−0.2350	pay 0.2350% / 8h	2h 24m	$59.2M	$133.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$493.5
Price spread: +0.047% → −0.010%: $5.73
Slippage, 4 orders: −$6.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$511.17
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from Extended: live order book, 22 min ago; Bitget: live order book, 4 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 Extended live order book, 22 min ago	1.07 bp	4.0 bp −$4	13.5 bp −$135	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.72 bp	7.5 bp −$8	11.7 bp −$117	35.0 bp −$3,495	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
Bitget SOXLUSDTshort	−0.2350%	8h	138.37	+0.047%	$59.2M	$133.4M	20x
Aster SOXLUSDT	0.0000%	8h	138.04	−0.189%	$202K	$1.7M	50x	as long as short
Extended SOXL-USDlong	0.0000%	1h	138.31	long leg	$32K	$314K	10x
Binance SOXLUSDT	0.0000%	8h	138.07	−0.170%	$164.2M	$1.40B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	138.08	−0.163%	$46.4M	$222.4M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	138.08	−0.163%	$26.5M	$214.9M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	138.11	−0.141%	$27.7M	$48.3M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	138.16	−0.105%	$15.5M	$53.3M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	138.14	−0.118%	$1.9M	$5.3M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	138.40	+0.069%	$66K	$199K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXL-USDT	0.0000%	8h	138.36	+0.040%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	138.46	+0.112%	$90K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	138.24	−0.047%	$2.3M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0007%	8h	138.36	+0.040%	$1.3M	$465K	50x	as long as short
Lighter RH SOXL	+0.0032%	1h	138.27	−0.025%	$264K	$1.7M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	137.96	−0.249%	$22.4M	$28.8M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	138.38	+0.054%	$203K	$488K	10x	as long as short
QFEX SOXL-USD	+0.0053%	1h	138.28	−0.018%	$256K	$266K	30x	as long as short
Lighter SOXL	+0.0056%	1h	138.25	−0.040%	$675K	$2.3M	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	138.21	−0.069%	$6.6M	$10.6M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	137.94	−0.264%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	138.19	−0.083%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	138.22	−0.061%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0184%	1h	138.49	+0.134%	$959K	$3.1M	10x	as long as short
edgeX SOXLUSDC	+0.0301%	4h	137.86	−0.319%	$172K	$328K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0488%	1h	138.49	+0.134%	$7K	$288K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0661%	1h	138.33	+0.015%	$83K	$295K	20x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0980%	1h	138.38	+0.054%	$108K	$337K	10x	as long as short