Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0954%/8h= +104.5% APRpaid last 24h +0.051%

Price spread now: Kraken Futures against Binance−0.107%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$850.849% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.340%−$34 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.107%, 7d avg −0.052%

Together, before fees−0.273%−$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.055% cheaper against Binance than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.052%). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$29 a day). Mind the row above: over the last 7 days funding on this pair cost −0.340%, 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 -0.340% in total (about -17.7% 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	Binance SOXLUSDT	141.52	0	get 0.0000% / 8h	5h 59m	$162.1M	$1.63B	50x
Short	Kraken Futures PF_SOXLUSD	141.37	0.0954	get 0.0119% / 1h	59m 35s	$87K	$379K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.107%Rate

Funding earned: $200.43
Price spread: −0.107% → −0.052%: −$5.51
Slippage, 4 orders: −$64.94
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $109.99
Costs to cover: 0.849%
Break-even: 3.2 days

Slippage from Binance: live order book, 8 min ago; Kraken Futures: live order book, 51 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 Binance live order book, 8 min ago	0.36 bp	5.4 bp −$5	5.9 bp −$59	16.7 bp −$1,674	64.4 bp −$32.2K
Sell Kraken Futures live order book, 51 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	−0.0525%	8h	141.40	−0.085%	$58.8M	$160.5M	20x	as long as short
Deribit SOXL_USDC-PERPETUAL	−0.0032%	1h	141.61	+0.063%	$115K	$385K	10x	as long as short
Ondo Perps SOXL-USD.P	−0.0018%	1h	141.38	−0.099%	$220K	$384K	10x	as long as short
Aster SOXLUSDT	0.0000%	8h	141.52	0.000%	$184K	$1.4M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	141.41	−0.082%	$54K	$401K	10x	as long as short
Binance SOXLUSDTlong	0.0000%	8h	141.52	long leg	$162.1M	$1.63B	50x
Bybit SOXLUSDT	0.0000%	8h	141.56	+0.028%	$46.5M	$229.2M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	141.44	−0.057%	$26.6M	$257.7M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	141.43	−0.064%	$29.1M	$57.9M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	141.47	−0.036%	$17.1M	$60.0M	200x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SOXL	0.0000%	8h	141.18	−0.240%	$1.9M	$5.6M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	141.31	−0.150%	$66K	$196K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	141.66	+0.098%	$1K	$3.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	141.37	−0.107%	$89K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	141.55	+0.021%	$2.3M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0021%	8h	141.09	−0.304%	$1.2M	$508K	50x	as long as short
Lighter SOXL	+0.0032%	1h	141.59	+0.049%	$677K	$2.7M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	141.42	−0.071%	$272K	$1.7M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	141.60	+0.056%	$22.1M	$32.8M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	141.54	+0.014%	$9K	$289K	10x	as long as short
QFEX SOXL-USD	+0.0057%	1h	141.67	+0.105%	$262K	$257K	30x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	141.54	+0.014%	$6.5M	$10.3M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	140.79	−0.516%	$37K	$144K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	141.61	+0.063%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	141.61	+0.062%	$5K	—	10x	as long as short
edgeX SOXLUSDC	+0.0159%	4h	140.81	−0.503%	$175K	$334K	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0240%	1h	141.62	+0.070%	$870K	$3.4M	10x	as long as short
Kraken Futures PF_SOXLUSDshort	+0.0954%	1h	141.37	−0.107%	$87K	$379K	20x