Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1632%/8h= +178.7% APRpaid last 24h +0.193%

Price spread now: Ondo Perps against Bitget+0.103%7-day average −0.031% · you sell dearer than you buy

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.103%, 7d avg −0.031%

Together, before fees−0.408%+ Points / potential airdropOndo Perps: Active · farm board−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$49 a day on $10k at the current rate, and Ondo Perps is 0.133% dearer against Bitget than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.031%. Mind the row above: over the last 7 days funding on this pair cost −0.254%, 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 -0.254% in total (about -13.3% 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	136.51	−0.1582	get 0.1582% / 8h	7h 36m	$58.2M	$145.3M	20x
Short	Ondo Perps SOXL-USD.P	136.65	0.0050	get 0.0006% / 1h	36m 19s	$208K	$420K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.103%Rate

Funding earned: $342.8
Price spread: +0.103% → −0.031%: $13.32
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $339.12
Costs to cover: 0.170%
Break-even: 0.1 days

Slippage unknown: Bitget: live order book, 3 min ago; Ondo Perps: 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 Bitget live order book, 3 min ago	0.73 bp	7.3 bp −$7	11.6 bp −$116	35.4 bp −$3,542	49.9 bp −$24.9K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	−0.1582%	8h	136.51	long leg	$58.2M	$145.3M	20x
Kraken Futures PF_SOXLUSD	−0.0122%	1h	136.50	−0.007%	$77K	$317K	20x	as long as short
BloFin SOXL-USDT	−0.0011%	8h	136.91	+0.293%	$1.2M	$464K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	136.44	−0.050%	$181K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	136.40	−0.084%	$70K	$364K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	136.43	−0.058%	$160.9M	$1.49B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	136.48	−0.022%	$45.3M	$221.9M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	136.57	+0.044%	$25.2M	$226.8M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	136.47	−0.029%	$28.7M	$51.1M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	136.40	−0.081%	$21.2M	$56.8M	200x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SOXL	0.0000%	8h	137.11	+0.441%	$1.8M	$5.6M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	136.90	+0.284%	$63K	$194K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	136.46	−0.037%	$1K	$3.9M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	136.82	+0.227%	$86K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	136.88	+0.271%	$2.3M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0022%	1h	136.51	0.000%	$252K	$264K	30x	as long as short
Lighter SOXL	+0.0032%	1h	136.53	+0.015%	$653K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	136.49	−0.015%	$231K	$1.7M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0048%	1h	136.32	−0.139%	$20.1M	$29.7M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	136.34	−0.125%	$9K	$291K	10x	as long as short
Ondo Perps SOXL-USD.Pshort	+0.0050%	1h	136.65	+0.103%	$208K	$420K	10x
KuCoin SOXLUSDTM	+0.0100%	8h	136.47	−0.029%	$6.3M	$10.7M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	136.82	+0.227%	$36K	$144K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	136.46	−0.037%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	136.45	−0.046%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	137.34	+0.608%	$930K	$3.0M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0336%	1h	136.57	+0.044%	$109K	$387K	10x	as long as short
edgeX SOXLUSDC	+0.0631%	4h	136.94	+0.317%	$170K	$332K	10x	as long as short