Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0959%/8h= +105.1% APRpaid last 24h +0.056%

Price spread now: Kraken Futures against Aster−0.045%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$900.902% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.045%, 7d avg −0.069%

Together, before fees−0.468%+ Points / potential airdropAster: Stage 5 · farm board−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Kraken Futures is 0.025% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.069%. Mind the row above: over the last 7 days funding on this pair cost −0.316%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.316% in total (about -16.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SOXLUSDT	140.69	0	get 0.0000% / 8h	6h 05m	$183K	$1.4M	50x
Short	Kraken Futures PF_SOXLUSD	140.63	0.0959	get 0.0120% / 1h	5m 20s	$87K	$376K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.045%Rate

Funding earned: $201.48
Price spread: −0.045% → −0.069%: $2.47
Slippage, 4 orders: −$72.25
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $113.71
Costs to cover: 0.902%
Break-even: 3.0 days

Slippage from Aster: live order book, 1 min ago; Kraken Futures: live order book, 45 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 Aster live order book, 1 min ago	2.84 bp	9.2 bp −$9	13.8 bp −$138	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 45 min ago	4.69 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit

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	−0.0574%	8h	140.75	+0.041%	$59.5M	$157.7M	20x	as long as short
BloFin SOXL-USDT	−0.0010%	8h	140.70	+0.005%	$1.3M	$507K	50x	as long as short
Aster SOXLUSDTlong	0.0000%	8h	140.69	long leg	$183K	$1.4M	50x
Extended SOXL-USD	0.0000%	1h	140.72	+0.021%	$54K	$401K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	140.67	−0.014%	$161.2M	$1.62B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	140.76	+0.048%	$26.7M	$254.1M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	140.96	+0.190%	$29.4M	$57.5M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	140.92	+0.162%	$26.0M	$61.0M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	140.60	−0.064%	$1.9M	$5.6M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	140.61	−0.059%	$66K	$195K	10x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXL-USDT	0.0000%	8h	140.75	+0.041%	$2K	$3.7M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	140.67	−0.016%	$114K	$387K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	140.91	+0.154%	$88K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	140.69	−0.002%	$2.3M	$1.2M	10x	as long as short
Bybit SOXLUSDT	+0.0004%	8h	140.93	+0.169%	$47.1M	$227.0M	100x	as long as short
edgeX SOXLUSDC	+0.0025%	4h	139.81	−0.625%	$174K	$334K	10x	as long as short
Lighter SOXL	+0.0032%	1h	140.78	+0.062%	$667K	$2.7M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	140.66	−0.023%	$270K	$1.8M	20x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	141.01	+0.226%	$9K	$291K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	139.05	−1.168%	$220K	$372K	10x	as long as short
tradeXYZ xyz:SOXL	+0.0053%	1h	140.89	+0.140%	$21.9M	$32.5M	10x	as long as short
QFEX SOXL-USD	+0.0057%	1h	140.94	+0.176%	$261K	$257K	30x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	140.95	+0.183%	$6.5M	$10.3M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	138.94	−1.246%	$36K	$144K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	140.84	+0.105%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	140.82	+0.089%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0240%	1h	140.77	+0.055%	$877K	$3.3M	10x	as long as short
Kraken Futures PF_SOXLUSDshort	+0.0959%	1h	140.63	−0.045%	$87K	$376K	20x