Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.203%

Price spread now: Bitget against Phemex−0.014%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1151.154% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.640%+$64 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.014%, 7d avg −0.056%

Together, before fees+0.619%+$62 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.042% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXLUSDT	144.51	0	get 0.0000% / 8h	14m 00s	$2.5M	$1.2M	10x
Short	Bitget SOXLUSDT	144.49	0	get 0.0000% / 8h	14m 00s	$60.1M	$109.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.056%: $4.23
Slippage, 4 orders: −$91.44
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$111.21
Costs to cover: 1.154%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Bitget: live order book, 5 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 Phemex live order book, 5 min ago	2.07 bp	42.5 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.34 bp	7.3 bp −$7	11.1 bp −$111	31.4 bp −$3,145	47.4 bp −$23.7K

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
Kraken Futures PF_SOXLUSD	−0.0023%	1h	144.41	−0.067%	$90K	$303K	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.58	+0.046%	$213K	$1.6M	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.49	−0.014%	$25.6M	$183.8M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.48	−0.021%	$27.4M	$39.6M	50x	as long as short
Bitget SOXLUSDTshort	0.0000%	8h	144.49	−0.014%	$60.1M	$109.2M	20x
Variational Omni SOXL	0.0000%	8h	144.68	+0.120%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	144.67	+0.111%	$71K	$163K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.52	+0.007%	$1K	$4.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.71	+0.138%	$195K	$606K	50x	as long as short
Phemex SOXLUSDTlong	0.0000%	8h	144.51	long leg	$2.5M	$1.2M	10x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXL-USDT	+0.0003%	8h	144.68	+0.118%	$1.2M	$489K	50x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.50	−0.007%	$307K	$257K	30x	as long as short
MEXC SOXL_USDT	+0.0023%	8h	144.50	−0.007%	$14.2M	$46.6M	200x	as long as short
Extended SOXL-USD	+0.0024%	1h	144.49	−0.012%	$27K	$338K	10x	as long as short
Binance SOXLUSDT	+0.0024%	8h	144.51	0.000%	$171.8M	$1.19B	50x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.50	−0.007%	$342K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.64	+0.090%	$238K	$915K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.57	+0.042%	$6.9M	$10.8M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.58	+0.048%	$38K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.50	−0.007%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.48	−0.018%	$6K	—	10x	as long as short
Bybit SOXLUSDT	+0.0112%	8h	144.54	+0.021%	$51.5M	$178.2M	100x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.80	+0.201%	$977K	$2.3M	10x	as long as short
Lighter SOXL	+0.0184%	1h	144.46	−0.035%	$802K	$2.6M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0186%	1h	144.44	−0.048%	$26.2M	$22.0M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0373%	1h	144.47	−0.028%	$117K	$299K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0575%	1h	144.63	+0.083%	$5K	$265K	10x	as long as short
edgeX SOXLUSDC	+0.0954%	4h	144.71	+0.139%	$180K	$324K	10x	as long as short