Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.030%

Price spread now: Polymarket Perps against KuCoin−0.014%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.958%+$96 · spread now −0.014%, 7d avg +0.012%

Together, before fees+0.941%+$94 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.026% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.012%). If the spread goes back, that is −$3 on $10k: about 3.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOXLUSDTM	144.89	0.0100	pay 0.0100% / 8h	6h 12m	$6.9M	$10.4M	20x
Short	Polymarket Perps SOXL-USD	144.87	0.0125	get 0.0016% / 1h	12m 56s	$3K	$269K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.014%Rate

Funding earned: $5.16
Price spread: −0.014% → +0.012%: −$2.61
Slippage, 4 orders: −$24.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$41.5
Costs to cover: 0.440%
Break-even: 63.3 days

Slippage from KuCoin: live order book, 5 min ago; Polymarket Perps: live order book, 54 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 KuCoin live order book, 5 min ago	0.34 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 54 min ago	3.40 bp	9.0 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit

SOXL on 27 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	144.94	+0.036%	$244K	$1.6M	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	144.83	−0.041%	$51.6M	$186.2M	100x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.74	−0.104%	$27.1M	$42.1M	50x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.75	−0.097%	$60.1M	$112.9M	20x	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	145.12	+0.155%	$71K	$175K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.71	−0.124%	$2K	$4.4M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	144.67	−0.152%	$117K	$280K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.71	−0.124%	$183K	$575K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.72	−0.117%	$2.5M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0021%	1h	145.01	+0.083%	$268K	$271K	30x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOXL	+0.0032%	1h	144.72	−0.117%	$809K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.74	−0.104%	$356K	$1.8M	20x	as long as short
OKX SOXL-USDT-SWAP	+0.0037%	8h	144.82	−0.048%	$24.5M	$192.3M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	144.72	−0.117%	$25.3M	$22.8M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	145.09	+0.138%	$207K	$642K	10x	as long as short
KuCoin SOXLUSDTMlong	+0.0100%	8h	144.89	long leg	$6.9M	$10.4M	20x
ApeX Omni SOXLUSDT	+0.0100%	1h	145.14	+0.173%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.84	−0.035%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.87	−0.013%	$6K	—	10x	as long as short
Polymarket Perps SOXL-USDshort	+0.0125%	1h	144.87	−0.014%	$3K	$269K	10x
Variational Omni SOXL	+0.0127%	8h	145.07	+0.123%	$2.4M	$4.9M	—	as long as short
Binance SOXLUSDT	+0.0159%	8h	144.79	−0.070%	$169.2M	$1.24B	50x	as long as short
Extended SOXL-USD	+0.0160%	1h	144.76	−0.088%	$25K	$241K	10x	as long as short
MEXC SOXL_USDT	+0.0163%	8h	144.79	−0.069%	$16.8M	$49.0M	200x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	145.64	+0.518%	$806K	$2.5M	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0414%	1h	144.75	−0.098%	$88K	$304K	20x	as long as short
edgeX SOXLUSDC	+0.0711%	4h	145.04	+0.104%	$181K	$325K	10x	as long as short