Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0652%/8h= +71.4% APRpaid last 24h +0.056%

Price spread now: Kraken Futures against OKX−0.214%55s7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$770.771% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.214%, 7d avg −0.071%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.143% cheaper against OKX than usual: you would sell low and buy high (spread −0.214% now, against its 7-day average of −0.071%). If the spread goes back, that is −$14 on $10k: about 18 hours of funding at the current rate (+$20 a day). Mind the row above: over the last 7 days funding on this pair cost −0.316%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.316% in total (about -16.5% 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	OKX SOXL-USDT-SWAP	140.49	0	get 0.0000% / 8h	2h 07m	$26.7M	$223.7M	20x
Short	Kraken Futures PF_SOXLUSD	140.19	0.0652	get 0.0082% / 1h	7m 27s	$83K	$296K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now −0.214%Rate

Funding earned: $136.96
Price spread: −0.214% → −0.071%: −$14.33
Slippage, 4 orders: −$57.11
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $45.51
Costs to cover: 0.771%
Break-even: 4.7 days

Slippage from OKX: live order book, 2 min ago; Kraken Futures: live order book, 40 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 OKX live order book, 2 min ago	0.36 bp	5.8 bp −$6	7.9 bp −$79	40.3 bp −$4,027	doesn't fit
Sell Kraken Futures live order book, 40 min ago	4.98 bp	29.4 bp −$29	doesn't fit	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	140.50	+0.007%	$60.4M	$135.8M	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	140.47	−0.011%	$200K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	140.41	−0.059%	$33K	$311K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	140.48	−0.009%	$166.5M	$1.43B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	140.48	−0.007%	$46.8M	$225.6M	100x	as long as short
OKX SOXL-USDT-SWAPlong	0.0000%	8h	140.49	long leg	$26.7M	$223.7M	20x
Gate SOXL_USDT	0.0000%	8h	140.48	−0.007%	$28.1M	$49.0M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	140.48	−0.007%	$16.9M	$54.6M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	140.25	−0.171%	$1.9M	$5.4M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	140.30	−0.135%	$64K	$202K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SOXL-USDT	0.0000%	8h	140.27	−0.157%	$1K	$4.3M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	0.0000%	1h	140.26	−0.164%	$109K	$339K	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	140.64	+0.107%	$93K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	140.28	−0.149%	$2.3M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0017%	8h	140.43	−0.043%	$1.3M	$472K	50x	as long as short
Lighter SOXL	+0.0032%	1h	140.46	−0.021%	$690K	$2.3M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	140.42	−0.050%	$271K	$1.7M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	140.39	−0.071%	$22.2M	$29.3M	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	140.08	−0.292%	$219K	$514K	10x	as long as short
QFEX SOXL-USD	+0.0053%	1h	140.46	−0.021%	$260K	$266K	30x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	140.44	−0.036%	$6.7M	$10.7M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	140.24	−0.178%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	140.48	−0.007%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	140.25	−0.168%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0184%	1h	140.40	−0.064%	$966K	$3.2M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0459%	1h	140.58	+0.064%	$8K	$291K	10x	as long as short
Kraken Futures PF_SOXLUSDshort	+0.0652%	1h	140.19	−0.214%	$83K	$296K	20x
edgeX SOXLUSDC	+0.0682%	4h	140.28	−0.152%	$175K	$329K	10x	as long as short