Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0463%/8h= +50.7% APRpaid last 24h +0.036%

Price spread now: Deribit against MEXC−0.036%7-day average −0.074% · 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−$22as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.085%−$9 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.036%, 7d avg −0.074%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Deribit is 0.038% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.074%. Mind the row above: over the last 4 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.085% in total (about -8.0% 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	MEXC SOXL_USDT	140.37	0	get 0.0000% / 8h	3h 04m	$14.2M	$51.5M	200x
Short	Deribit SOXL_USDC-PERPETUAL	140.32	0.0463	get 0.0058% / 1h	4m 49s	$109K	$333K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now −0.036%Rate

Funding earned: $97.27
Price spread: −0.036% → −0.074%: $3.82
Slippage, 4 orders: −$19.1
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $74.99
Costs to cover: 0.261%
Break-even: 1.6 days

Slippage from MEXC: live order book, 4 min ago; Deribit: live order book, 49 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 MEXC live order book, 4 min ago	0.36 bp	0.4 bp $0	0.4 bp −$4	2.8 bp −$285	34.2 bp −$17.1K
Sell Deribit live order book, 49 min ago	7.28 bp	11.5 bp −$11	15.5 bp −$155	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	−0.1437%	8h	140.45	+0.057%	$60.1M	$125.3M	20x	as long as short
BloFin SOXL-USDT	−0.0019%	8h	140.46	+0.064%	$1.2M	$471K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	140.39	+0.015%	$209K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	140.36	−0.005%	$33K	$275K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	140.47	+0.070%	$164.5M	$1.33B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	140.48	+0.078%	$47.3M	$211.1M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	140.60	+0.164%	$25.3M	$205.8M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	140.28	−0.064%	$25.8M	$46.0M	50x	as long as short
MEXC SOXL_USDTlong	0.0000%	8h	140.37	long leg	$14.2M	$51.5M	200x
Variational Omni SOXL	0.0000%	8h	140.66	+0.207%	$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	140.08	−0.208%	$66K	$189K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	140.29	−0.057%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	140.22	−0.107%	$115K	$959K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	140.32	−0.036%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0004%	1h	140.33	−0.028%	$259K	$266K	30x	as long as short
edgeX SOXLUSDC	+0.0028%	4h	139.86	−0.365%	$174K	$328K	10x	as long as short
Lighter SOXL	+0.0032%	1h	140.44	+0.050%	$689K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	140.34	−0.021%	$261K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	140.54	+0.121%	$206K	$499K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0051%	1h	140.36	−0.007%	$82K	$292K	20x	as long as short
tradeXYZ xyz:SOXL	+0.0071%	1h	140.32	−0.036%	$25.0M	$23.7M	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	140.36	−0.007%	$6.7M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	140.12	−0.178%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	140.33	−0.028%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	140.31	−0.046%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0120%	1h	140.48	+0.078%	$892K	$2.8M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0428%	1h	140.54	+0.121%	$3K	$269K	10x	as long as short
Deribit SOXL_USDC-PERPETUALshort	+0.0463%	1h	140.32	−0.036%	$109K	$333K	10x