Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0461%/8h= −50.5% APRpaid last 24h −0.040%

Price spread now: Gate against Deribit−0.043%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.120%−$12 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.043%, 7d avg −0.003%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Gate is 0.040% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.120% in total (about -11.4% 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	Deribit SOXL_USDC-PERPETUAL	140.67	0.0461	pay 0.0058% / 1h	6m 26s	$110K	$333K	10x
Short	Gate SOXL_USDT	140.61	0	get 0.0000% / 8h	3h 06m	$25.8M	$45.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now −0.043%Rate

Funding earned: −$96.89
Price spread: −0.043% → −0.003%: −$3.98
Slippage, 4 orders: −$31.48
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$154.35
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from Deribit: live order book, 47 min ago; Gate: 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 Deribit live order book, 47 min ago	7.28 bp	13.9 bp −$14	16.6 bp −$166	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.79 bp	13.8 bp −$14	24.4 bp −$244	27.5 bp −$2,755	38.3 bp −$19.2K

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 SOXLUSDT	−0.1415%	8h	140.77	+0.071%	$60.2M	$125.0M	20x	as long as short
BloFin SOXL-USDT	−0.0005%	8h	139.87	−0.569%	$1.2M	$469K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	140.60	−0.050%	$209K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	140.64	−0.019%	$34K	$264K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	140.66	−0.007%	$164.7M	$1.33B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	140.61	−0.043%	$47.4M	$210.2M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	140.63	−0.028%	$25.3M	$205.6M	20x	as long as short
Gate SOXL_USDTshort	0.0000%	8h	140.61	−0.043%	$25.8M	$45.9M	50x
MEXC SOXL_USDT	0.0000%	8h	140.61	−0.043%	$14.2M	$51.5M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	139.98	−0.491%	$2.2M	$5.0M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SOXL_USDT_Perp	0.0000%	8h	139.78	−0.632%	$67K	$188K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	140.62	−0.036%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	139.72	−0.675%	$115K	$888K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	139.84	−0.590%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0004%	1h	140.53	−0.100%	$260K	$266K	30x	as long as short
edgeX SOXLUSDC	+0.0028%	4h	139.86	−0.577%	$174K	$328K	10x	as long as short
Lighter SOXL	+0.0032%	1h	140.47	−0.142%	$689K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	140.45	−0.156%	$260K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	140.30	−0.263%	$206K	$499K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0051%	1h	140.61	−0.041%	$83K	$292K	20x	as long as short
tradeXYZ xyz:SOXL	+0.0072%	1h	140.62	−0.036%	$25.1M	$23.7M	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	140.58	−0.064%	$6.7M	$10.3M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	139.67	−0.711%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	140.64	−0.021%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	140.64	−0.022%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0120%	1h	139.84	−0.590%	$888K	$2.8M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0427%	1h	140.78	+0.078%	$3K	$269K	10x	as long as short
Deribit SOXL_USDC-PERPETUALlong	+0.0461%	1h	140.67	long leg	$110K	$333K	10x