Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.022%

Price spread now: Orderly against QFEX−0.134%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Orderly

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. Orderly is 0.134% cheaper against QFEX than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 10 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	QFEX SOXL-USD	141.48	0.0057	pay 0.0007% / 1h	59m 18s	$261K	$257K	30x
Short	Orderly PERP_SOXL_USDC_mythos	141.29	0.0100	get 0.0100% / 8h	5h 59m	$1K	$5K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against QFEX. 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 QFEXbpFee OrderlybpOrdersPrice spread, now −0.134%Rate

Funding earned: $8.97
Price spread: −0.134% → 0.000%: −$13.43
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.46
Costs to cover: 0.160%
Break-even: 23.0 days

Slippage unknown: QFEX: live order book, 47 min ago; 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 QFEX live order book, 47 min ago	1.80 bp	6.8 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 exchanges

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	−0.0525%	8h	141.21	−0.191%	$58.7M	$160.6M	20x	as long as short
Polymarket Perps SOXL-USD	−0.0164%	1h	141.19	−0.205%	$9K	$289K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	−0.0104%	1h	141.22	−0.184%	$114K	$384K	10x	as long as short
Ondo Perps SOXL-USD.P	−0.0018%	1h	141.38	−0.071%	$220K	$384K	10x	as long as short
Aster SOXLUSDT	0.0000%	8h	141.32	−0.115%	$180K	$1.4M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	141.25	−0.166%	$54K	$401K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	141.25	−0.160%	$161.8M	$1.64B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	141.30	−0.127%	$46.3M	$229.4M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	141.33	−0.106%	$26.5M	$257.7M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	141.27	−0.148%	$29.0M	$58.0M	50x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXL_USDT	0.0000%	8h	141.24	−0.170%	$17.1M	$60.0M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	141.18	−0.211%	$1.9M	$5.6M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	141.31	−0.122%	$66K	$196K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	141.32	−0.113%	$2K	$3.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	141.37	−0.078%	$89K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	141.24	−0.170%	$2.3M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0014%	8h	141.17	−0.219%	$1.2M	$507K	50x	as long as short
Lighter SOXL	+0.0032%	1h	141.23	−0.177%	$675K	$2.7M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	141.42	−0.042%	$272K	$1.7M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0049%	1h	141.11	−0.262%	$22.0M	$32.8M	10x	as long as short
QFEX SOXL-USDlong	+0.0057%	1h	141.48	long leg	$261K	$257K	30x
KuCoin SOXLUSDTM	+0.0100%	8h	141.38	−0.071%	$6.5M	$10.3M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	141.38	−0.071%	$37K	$144K	50x	as long as short
Orderly PERP_SOXL_USDC_mythosshort	+0.0100%	8h	141.29	−0.134%	$1K	$5K	20x
Aevo SOXL-PERP	+0.0104%	1h	141.26	−0.157%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	141.18	−0.212%	$866K	$3.4M	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0513%	1h	140.95	−0.375%	$88K	$380K	20x	as long as short
edgeX SOXLUSDC	+0.0542%	4h	141.16	−0.228%	$175K	$335K	10x	as long as short