Funding arb · Price arb /

SOXL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0362%/8h= +39.7% APRpaid last 24h +0.010%

Price spread now: Deribit against Orderly−0.036%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.036% cheaper against Orderly than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOXL_USDC_mythos	140.57	0.0100	pay 0.0100% / 8h	3h 03m	$1K	$5K	20x
Short	Deribit SOXL_USDC-PERPETUAL	140.52	0.0462	get 0.0058% / 1h	3m 30s	$109K	$333K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Orderly. 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 OrderlybpFee DeribitbpOrdersPrice spread, now −0.036%Rate

Funding earned: $76.05
Price spread: −0.036% → 0.000%: −$3.56
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $59.49
Costs to cover: 0.130%
Break-even: 1.5 days

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 50 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Deribit live order book, 50 min ago	7.28 bp	11.5 bp −$11	15.5 bp −$155	doesn't fit	doesn't fit

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
Bitget SOXLUSDT	−0.1479%	8h	140.23	−0.242%	$60.0M	$125.7M	20x	as long as short
BloFin SOXL-USDT	−0.0019%	8h	140.46	−0.078%	$1.2M	$471K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	140.02	−0.392%	$209K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	140.03	−0.382%	$33K	$281K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	139.96	−0.432%	$164.3M	$1.33B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	139.97	−0.427%	$47.2M	$211.6M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	140.04	−0.377%	$25.2M	$205.1M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	140.01	−0.398%	$25.7M	$46.1M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	140.13	−0.313%	$14.2M	$51.5M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	140.66	+0.064%	$2.2M	$5.0M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SOXL_USDT_Perp	0.0000%	8h	140.44	−0.090%	$67K	$189K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	140.64	+0.050%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	140.22	−0.249%	$136K	$959K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	140.66	+0.064%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0004%	1h	140.03	−0.384%	$259K	$266K	30x	as long as short
edgeX SOXLUSDC	+0.0018%	4h	140.39	−0.128%	$175K	$329K	10x	as long as short
Lighter SOXL	+0.0032%	1h	140.12	−0.320%	$687K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	140.24	−0.235%	$261K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	140.54	−0.021%	$206K	$499K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0051%	1h	140.50	−0.047%	$83K	$292K	20x	as long as short
tradeXYZ xyz:SOXL	+0.0069%	1h	139.88	−0.491%	$24.9M	$23.7M	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	140.24	−0.235%	$6.7M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	140.12	−0.320%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythoslong	+0.0100%	8h	140.57	long leg	$1K	$5K	20x
Aevo SOXL-PERP	+0.0104%	1h	140.54	−0.023%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0120%	1h	140.48	−0.064%	$892K	$2.8M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0429%	1h	140.09	−0.341%	$3K	$269K	10x	as long as short
Deribit SOXL_USDC-PERPETUALshort	+0.0462%	1h	140.52	−0.036%	$109K	$333K	10x