Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.035%

Price spread now: OKX against Coinbase International+0.214%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 4 days (all we have)−0.125%−$12 · spread now +0.214%, 7d avg −0.006%

Together, before fees−0.381%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.219% dearer against Coinbase International than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of −0.006%): +$22 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOXL-PERP-INTX	144.92	0.0152	pay 0.0019% / 1h	10m 55s	$901K	$2.6M	10x
Short	OKX SOXL-USDT-SWAP	145.23	0	get 0.0000% / 8h	4h 10m	$24.5M	$197.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.214%Rate

Funding earned: −$31.92
Price spread: +0.214% → −0.006%: $21.95
Slippage, 4 orders: −$3.57
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$33.55
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	0.34 bp	6.9 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.34 bp	5.7 bp −$6	7.3 bp −$73	28.9 bp −$2,894	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
Kraken Futures PF_SOXLUSD	−0.0116%	1h	145.20	+0.197%	$88K	$304K	20x	as long as short
BloFin SOXL-USDT	−0.0011%	8h	145.26	+0.235%	$1.2M	$476K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	145.27	+0.242%	$233K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	145.23	+0.211%	$29K	$241K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	145.24	+0.220%	$169.5M	$1.25B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	145.23	+0.214%	$50.8M	$188.8M	100x	as long as short
OKX SOXL-USDT-SWAPshort	0.0000%	8h	145.23	+0.214%	$24.5M	$197.2M	20x
Gate SOXL_USDT	0.0000%	8h	145.25	+0.228%	$27.2M	$43.3M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	145.23	+0.214%	$15.0M	$49.7M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	145.23	+0.214%	$60.1M	$113.1M	20x	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	145.08	+0.109%	$2.4M	$4.7M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	144.97	+0.035%	$71K	$177K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	145.15	+0.159%	$1K	$4.3M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	145.19	+0.186%	$114K	$290K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	145.28	+0.248%	$183K	$569K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	145.23	+0.214%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0021%	1h	145.07	+0.104%	$268K	$266K	30x	as long as short
Lighter SOXL	+0.0032%	1h	145.25	+0.228%	$729K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	145.19	+0.186%	$276K	$1.9M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	145.25	+0.228%	$25.5M	$22.8M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.82	−0.069%	$207K	$488K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	145.26	+0.235%	$6.9M	$10.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.99	+0.048%	$38K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	145.14	+0.152%	$1K	$5K	20x	as long as short
edgeX SOXLUSDC	+0.0101%	4h	144.95	+0.019%	$181K	$329K	10x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	145.14	+0.155%	$6K	—	10x	as long as short
Coinbase International SOXL-PERP-INTXlong	+0.0152%	1h	144.92	long leg	$901K	$2.6M	10x
Polymarket Perps SOXL-USD	+0.0160%	1h	145.25	+0.228%	$3K	$269K	10x	as long as short