Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.089%

Price spread now: edgeX against Coinbase International−0.042%77s7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.711% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 3 days (all we have)+0.068%+$7 · spread now −0.042%, 7d avg −0.011%

Together, before fees+0.139%+ Points / potential airdropedgeX: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.030% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of −0.011%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.071% in total) that is about 3.0 days. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% 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	Coinbase International SOXL-PERP-INTX	144.71	0.0200	pay 0.0025% / 1h	34m 07s	$800K	$2.5M	10x
Short	edgeX SOXLUSDC	144.65	0.0409	get 0.0205% / 4h	2h 34m	$180K	$323K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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 Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $43.93
Price spread: −0.042% → −0.011%: −$3.04
Slippage, 4 orders: −$52.12
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$30.23
Costs to cover: 0.711%
Break-even: 11.8 days

Slippage from Coinbase International: live order book, 5 min ago; edgeX: live order book, 34 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 Coinbase International live order book, 5 min ago	3.81 bp	8.8 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit
Sell edgeX live order book, 34 min ago	20.76 bp	26.5 bp −$26	38.3 bp −$383	doesn't fit	doesn't fit

SOXL on 27 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
Aster SOXLUSDT	0.0000%	8h	144.54	−0.117%	$247K	$1.6M	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	144.61	−0.069%	$52.2M	$185.6M	100x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.64	−0.048%	$27.0M	$41.3M	50x	as long as short
SunX SOXL-USDT	0.0000%	8h	144.54	−0.117%	$2K	$4.4M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	144.52	−0.131%	$117K	$276K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	144.23	−0.332%	$182K	$616K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	144.64	−0.048%	$2.5M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0021%	1h	144.50	−0.145%	$267K	$271K	30x	as long as short
Lighter SOXL	+0.0032%	1h	144.47	−0.166%	$809K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.61	−0.069%	$347K	$1.8M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:SOXL	+0.0050%	1h	144.63	−0.055%	$25.5M	$22.6M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.09	−0.428%	$205K	$645K	10x	as long as short
OKX SOXL-USDT-SWAP	+0.0051%	8h	144.66	−0.035%	$24.6M	$191.2M	20x	as long as short
Polymarket Perps SOXL-USD	+0.0058%	1h	144.68	−0.021%	$3K	$269K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.55	−0.111%	$6.9M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.24	−0.325%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.52	−0.131%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.53	−0.126%	$6K	—	10x	as long as short
Bitget SOXLUSDT	+0.0107%	8h	144.65	−0.041%	$60.1M	$112.7M	20x	as long as short
GRVT SOXL_USDT_Perp	+0.0109%	8h	144.66	−0.035%	$71K	$168K	10x	as long as short
Variational Omni SOXL	+0.0162%	8h	144.37	−0.233%	$2.3M	$4.9M	—	as long as short
Extended SOXL-USD	+0.0192%	1h	144.49	−0.151%	$24K	$254K	10x	as long as short
Binance SOXLUSDT	+0.0194%	8h	144.60	−0.074%	$169.6M	$1.23B	50x	as long as short
MEXC SOXL_USDT	+0.0195%	8h	144.57	−0.097%	$14.6M	$47.9M	200x	as long as short
Coinbase International SOXL-PERP-INTXlong	+0.0200%	1h	144.71	long leg	$800K	$2.5M	10x
edgeX SOXLUSDCshort	+0.0409%	4h	144.65	−0.042%	$180K	$323K	10x
Kraken Futures PF_SOXLUSD	+0.0415%	1h	144.59	−0.086%	$88K	$304K	20x	as long as short