Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.005%

Price spread now: Coinbase International against KuCoin−0.028%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.028%, 7d avg +0.012%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.040% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.012%). If the spread goes back, that is −$4 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOXLUSDTM	140.44	0.0100	pay 0.0100% / 8h	2h 07m	$6.7M	$10.7M	20x
Short	Coinbase International SOXL-PERP-INTX	140.40	0.0184	get 0.0023% / 1h	7m 14s	$966K	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.028%Rate

Funding earned: $17.64
Price spread: −0.028% → +0.012%: −$4
Slippage, 4 orders: −$33.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$41.93
Costs to cover: 0.556%
Break-even: 23.6 days

Slippage from KuCoin: live order book, 1 min ago; Coinbase International: 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 KuCoin live order book, 1 min ago	0.71 bp	26.2 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	3.21 bp	8.2 bp −$8	12.7 bp −$127	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
Bitget SOXLUSDT	−0.2228%	8h	140.53	+0.064%	$60.4M	$135.8M	20x	as long as short
BloFin SOXL-USDT	−0.0027%	8h	140.44	0.000%	$1.3M	$472K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	140.35	−0.065%	$200K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	140.45	+0.007%	$33K	$311K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	140.35	−0.064%	$166.4M	$1.43B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	140.39	−0.036%	$46.8M	$225.6M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	140.40	−0.028%	$26.7M	$223.6M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	140.48	+0.028%	$28.1M	$49.0M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	140.36	−0.057%	$16.8M	$54.6M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	140.25	−0.135%	$1.9M	$5.4M	—	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	140.30	−0.100%	$64K	$202K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	140.48	+0.028%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	140.56	+0.085%	$93K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	140.44	0.000%	$2.4M	$1.2M	10x	as long as short
Lighter SOXL	+0.0032%	1h	140.49	+0.036%	$690K	$2.3M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	140.36	−0.057%	$271K	$1.7M	20x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0035%	1h	140.49	+0.036%	$109K	$339K	10x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	140.39	−0.036%	$22.2M	$29.3M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	140.08	−0.256%	$219K	$514K	10x	as long as short
QFEX SOXL-USD	+0.0053%	1h	140.46	+0.014%	$260K	$266K	30x	as long as short
KuCoin SOXLUSDTMlong	+0.0100%	8h	140.44	long leg	$6.7M	$10.7M	20x
ApeX Omni SOXLUSDT	+0.0100%	1h	140.24	−0.142%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	140.48	+0.028%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	140.46	+0.014%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTXshort	+0.0184%	1h	140.40	−0.028%	$966K	$3.2M	10x
Polymarket Perps SOXL-USD	+0.0459%	1h	140.58	+0.100%	$8K	$291K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0651%	1h	140.39	−0.035%	$83K	$296K	20x	as long as short
edgeX SOXLUSDC	+0.0682%	4h	140.28	−0.116%	$175K	$329K	10x	as long as short