Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0296%/8h= −32.4% APRpaid last 24h −0.028%

Price spread now: Bitget against Kraken Futures+0.098%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$740.736% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.688%+$69 on $10k

Price spread, last 3 days (all we have)−0.108%−$11 · spread now +0.098%, 7d avg +0.053%

Together, before fees+0.580%+$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.046% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.053%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.688%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXLUSD	146.50	0.0425	pay 0.0053% / 1h	45m 44s	$89K	$309K	20x
Short	Bitget SOXLUSDT	146.64	0.0129	get 0.0129% / 8h	7h 45m	$62.2M	$109.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$62.07
Price spread: +0.098% → +0.053%: $4.58
Slippage, 4 orders: −$51.62
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$131.11
Costs to cover: 0.736%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 27 min ago; Bitget: live order book, 3 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 Kraken Futures live order book, 27 min ago	3.80 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.34 bp	7.5 bp −$7	12.4 bp −$124	38.5 bp −$3,848	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
Aster SOXLUSDT	0.0000%	8h	146.38	−0.081%	$217K	$1.6M	50x	as long as short
Gate SOXL_USDT	0.0000%	8h	146.61	+0.078%	$28.1M	$38.5M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	146.61	+0.078%	$1K	$4.6M	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	146.63	+0.092%	$2.5M	$1.2M	10x	as long as short
Lighter SOXL	+0.0032%	1h	146.55	+0.037%	$813K	$2.6M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	146.59	+0.064%	$347K	$1.8M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0053%	1h	146.56	+0.044%	$242K	$768K	10x	as long as short
OKX SOXL-USDT-SWAP	+0.0067%	8h	146.63	+0.092%	$25.7M	$185.9M	20x	as long as short
QFEX SOXL-USD	+0.0070%	1h	146.67	+0.119%	$271K	$271K	30x	as long as short
Variational Omni SOXL	+0.0070%	8h	146.70	+0.141%	$2.3M	$5.0M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXL-USDT	+0.0089%	8h	146.82	+0.221%	$1.2M	$495K	50x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.46	−0.025%	$7.0M	$10.6M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	146.40	−0.065%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.64	+0.098%	$1K	$5K	20x	as long as short
MEXC SOXL_USDT	+0.0103%	8h	146.59	+0.064%	$13.9M	$46.9M	200x	as long as short
Extended SOXL-USD	+0.0104%	1h	146.58	+0.056%	$25K	$318K	10x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.59	+0.066%	$6K	—	10x	as long as short
Binance SOXLUSDT	+0.0109%	8h	146.59	+0.064%	$173.5M	$1.20B	50x	as long as short
Bitget SOXLUSDTshort	+0.0129%	8h	146.64	+0.098%	$62.2M	$109.8M	20x
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.68	+0.126%	$1.1M	$2.2M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0296%	1h	146.64	+0.098%	$119K	$276K	10x	as long as short
HTX SOXL-USDT	+0.0296%	8h	146.80	+0.208%	$185K	$592K	50x	as long as short
edgeX SOXLUSDC	+0.0377%	4h	146.33	−0.112%	$182K	$322K	10x	as long as short
Bybit SOXLUSDT	+0.0422%	8h	146.61	+0.078%	$52.7M	$179.2M	100x	as long as short
Kraken Futures PF_SOXLUSDlong	+0.0425%	1h	146.50	long leg	$89K	$309K	20x
tradeXYZ xyz:SOXL	+0.0516%	1h	146.53	+0.023%	$26.7M	$20.9M	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0878%	8h	146.31	−0.127%	$72K	$160K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0967%	1h	146.74	+0.167%	$5K	$266K	10x	as long as short