Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1531%/8h= +167.6% APRpaid last 24h +0.216%

Price spread now: Coinbase International against Bitget−0.072%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.072%, 7d avg +0.025%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.097% cheaper against Bitget than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.025%). If the spread goes back, that is −$10 on $10k: about 5 hours of funding at the current rate (+$46 a day). At the pace of the last 7 days (+0.042% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOXLUSDT	138.18	−0.1323	get 0.1323% / 8h	7h 16m	$58.5M	$150.2M	20x
Short	Coinbase International SOXL-PERP-INTX	138.08	0.0208	get 0.0026% / 1h	16m 51s	$989K	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.072%Rate

Funding earned: $321.51
Price spread: −0.072% → +0.025%: −$9.7
Slippage, 4 orders: −$10.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $279.18
Costs to cover: 0.326%
Break-even: 0.9 days

Slippage from Bitget: live order book, 2 min ago; Coinbase International: live order book, 2 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 Bitget live order book, 2 min ago	0.73 bp	8.1 bp −$8	14.5 bp −$145	32.8 bp −$3,284	51.2 bp −$25.6K
Sell Coinbase International live order book, 2 min ago	1.45 bp	8.6 bp −$9	12.1 bp −$121	doesn't fit	doesn't fit

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 SOXLUSDTlong	−0.1323%	8h	138.18	long leg	$58.5M	$150.2M	20x
Kraken Futures PF_SOXLUSD	−0.0120%	1h	138.02	−0.118%	$78K	$328K	20x	as long as short
BloFin SOXL-USDT	−0.0026%	8h	138.05	−0.094%	$1.3M	$498K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	138.10	−0.054%	$186K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	138.04	−0.105%	$41K	$384K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	138.07	−0.078%	$162.2M	$1.53B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	138.22	+0.029%	$26.6M	$238.2M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	138.06	−0.087%	$29.7M	$54.7M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	138.02	−0.116%	$13.5M	$58.0M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	137.42	−0.554%	$1.8M	$5.5M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXL-USDT	0.0000%	8h	138.00	−0.130%	$1K	$3.9M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	138.00	−0.130%	$86K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	138.02	−0.116%	$2.3M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0022%	1h	138.15	−0.022%	$255K	$264K	30x	as long as short
Lighter RH SOXL	+0.0032%	1h	138.00	−0.130%	$255K	$1.8M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	137.90	−0.203%	$20.8M	$31.3M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	137.97	−0.152%	$9K	$291K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	137.53	−0.470%	$215K	$402K	10x	as long as short
edgeX SOXLUSDC	+0.0066%	4h	137.55	−0.453%	$171K	$333K	10x	as long as short
Lighter SOXL	+0.0072%	1h	138.00	−0.130%	$651K	$2.6M	20x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	137.90	−0.203%	$6.3M	$10.6M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	136.98	−0.868%	$36K	$144K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	138.01	−0.123%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	138.10	−0.057%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTXshort	+0.0208%	1h	138.08	−0.072%	$989K	$3.2M	10x
Bybit SOXLUSDT	+0.0308%	8h	138.19	+0.007%	$46.7M	$225.0M	100x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0403%	1h	138.01	−0.123%	$110K	$387K	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0509%	8h	137.67	−0.368%	$64K	$193K	10x	as long as short