Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0070%/8h= +7.6% APRpaid last 24h +0.024%

Price spread now: QFEX against Gate+0.061%7-day average −0.006% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.061%, 7d avg −0.006%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.067% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOXL_USDT	146.56	0	get 0.0000% / 8h	7h 47m	$28.2M	$38.3M	50x
Short	QFEX SOXL-USD	146.65	0.0070	get 0.0009% / 1h	47m 44s	$271K	$271K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $14.6
Price spread: +0.061% → −0.006%: $6.71
Slippage, 4 orders: −$12.84
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$16.53
Costs to cover: 0.378%
Break-even: 14.9 days

Slippage from Gate: live order book, 1 min ago; QFEX: live order book, 11 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 Gate live order book, 1 min ago	1.02 bp	11.3 bp −$11	24.0 bp −$240	37.5 bp −$3,748	51.4 bp −$25.7K
Sell QFEX live order book, 11 min ago	1.73 bp	6.7 bp −$7	8.7 bp −$87	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
Aster SOXLUSDT	0.0000%	8h	146.31	−0.172%	$217K	$1.6M	50x	as long as short
Gate SOXL_USDTlong	0.0000%	8h	146.56	long leg	$28.2M	$38.3M	50x
SunX SOXL-USDT	0.0000%	8h	146.46	−0.068%	$1K	$4.6M	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	146.48	−0.055%	$2.5M	$1.2M	10x	as long as short
Bitget SOXLUSDT	+0.0015%	8h	146.54	−0.014%	$62.1M	$109.6M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	146.48	−0.055%	$346K	$1.8M	20x	as long as short
Variational Omni SOXL	+0.0043%	8h	145.75	−0.551%	$2.2M	$5.0M	—	as long as short
Lighter SOXL	+0.0048%	1h	146.58	+0.014%	$820K	$2.6M	20x	as long as short
OKX SOXL-USDT-SWAP	+0.0061%	8h	146.57	+0.007%	$25.7M	$185.8M	20x	as long as short
QFEX SOXL-USDshort	+0.0070%	1h	146.65	+0.061%	$271K	$271K	30x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXL-USDT	+0.0075%	8h	146.56	0.000%	$1.3M	$490K	50x	as long as short
MEXC SOXL_USDT	+0.0088%	8h	146.53	−0.020%	$14.0M	$46.9M	200x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0092%	1h	146.43	−0.089%	$119K	$276K	10x	as long as short
Binance SOXLUSDT	+0.0094%	8h	146.60	+0.028%	$176.4M	$1.20B	50x	as long as short
Extended SOXL-USD	+0.0096%	1h	146.54	−0.011%	$25K	$318K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.37	−0.130%	$7.0M	$10.6M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	145.71	−0.580%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.51	−0.034%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.18	−0.260%	$6K	—	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0117%	1h	146.56	0.000%	$240K	$768K	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.02	−0.368%	$1.1M	$2.2M	10x	as long as short
HTX SOXL-USDT	+0.0245%	8h	146.40	−0.109%	$184K	$592K	50x	as long as short
Kraken Futures PF_SOXLUSD	+0.0425%	1h	146.47	−0.063%	$90K	$304K	20x	as long as short
Bybit SOXLUSDT	+0.0547%	8h	146.60	+0.027%	$52.7M	$179.2M	100x	as long as short
tradeXYZ xyz:SOXL	+0.0591%	1h	146.53	−0.020%	$26.7M	$20.8M	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0649%	8h	145.24	−0.900%	$71K	$157K	10x	as long as short
edgeX SOXLUSDC	+0.0699%	4h	145.28	−0.872%	$181K	$321K	10x	as long as short
Polymarket Perps SOXL-USD	+0.1071%	1h	146.70	+0.096%	$5K	$266K	10x	as long as short