Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%

Price spread now: Orderly against Ondo Perps−0.895%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.895% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.895% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$89 on $10k: about 2 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SOXL-USD.P	143.09	0.0050	pay 0.0006% / 1h	38m 45s	$200K	$487K	10x
Short	Orderly PERP_SOXL_USDC_mythos	141.81	0.0100	get 0.0100% / 8h	3h 38m	$1K	$5K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Ondo Perps. 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 Ondo PerpsbpFee OrderlybpOrdersPrice spread, now −0.895%Rate

Funding earned: $10.42
Price spread: −0.895% → 0.000%: −$89.45
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$90.04
Costs to cover: 0.110%
Break-even: 67.5 days

Slippage unknown: Ondo Perps: no order-book sample; Orderly: no order-book sample. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Ondo Perps and Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	141.94	−0.807%	$228K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	141.99	−0.767%	$31K	$270K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	142.04	−0.734%	$165.0M	$1.28B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	142.02	−0.748%	$47.1M	$197.6M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	141.96	−0.790%	$24.0M	$198.2M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	142.00	−0.762%	$26.2M	$44.0M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	142.05	−0.727%	$13.9M	$49.9M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	142.00	−0.762%	$58.7M	$116.3M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	142.84	−0.175%	$2.2M	$4.8M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	142.70	−0.271%	$67K	$180K	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	142.06	−0.720%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	142.00	−0.762%	$177K	$577K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	142.21	−0.615%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0004%	1h	142.08	−0.706%	$262K	$266K	30x	as long as short
BloFin SOXL-USDT	+0.0009%	8h	141.98	−0.776%	$1.2M	$467K	50x	as long as short
Lighter SOXL	+0.0032%	1h	141.86	−0.860%	$699K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	141.93	−0.811%	$267K	$1.9M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	141.88	−0.846%	$24.9M	$22.9M	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0050%	1h	141.97	−0.779%	$86K	$287K	20x	as long as short
Ondo Perps SOXL-USD.Plong	+0.0050%	1h	143.09	long leg	$200K	$487K	10x
KuCoin SOXLUSDTM	+0.0100%	8h	141.98	−0.776%	$6.8M	$10.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	143.38	+0.203%	$37K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythosshort	+0.0100%	8h	141.81	−0.895%	$1K	$5K	20x
Aevo SOXL-PERP	+0.0104%	1h	141.84	−0.872%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0120%	1h	142.11	−0.685%	$775K	$2.7M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0192%	1h	142.02	−0.748%	$3K	$268K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0314%	1h	141.85	−0.867%	$110K	$316K	10x	as long as short
edgeX SOXLUSDC	+0.0548%	4h	142.90	−0.133%	$178K	$328K	10x	as long as short