Funding arb · Price arb /

SOXL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.023%

Price spread now: QFEX against Orderly+0.169%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. QFEX is 0.169% dearer against Orderly than usual: you sell high and buy low (spread +0.169% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOXL_USDC_mythos	142.35	0.0100	pay 0.0100% / 8h	3h 39m	$1K	$5K	20x
Short	QFEX SOXL-USD	142.59	0.0004	get 0.0000% / 1h	39m 54s	$263K	$266K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Orderly. 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 OrderlybpFee QFEXbpOrdersPrice spread, now +0.169%Rate

Funding earned: −$20.21
Price spread: +0.169% → 0.000%: $16.86
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$19.35
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; QFEX: live order book, 55 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell QFEX live order book, 55 min ago	1.03 bp	6.0 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin SOXL-USDT	−0.0010%	8h	142.74	+0.274%	$1.2M	$469K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	142.32	−0.023%	$228K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	142.20	−0.106%	$31K	$270K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	142.30	−0.037%	$165.3M	$1.27B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	142.29	−0.042%	$47.1M	$197.1M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	142.27	−0.056%	$24.0M	$197.9M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	142.38	+0.021%	$26.3M	$43.9M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	142.20	−0.105%	$14.1M	$49.9M	200x	as long as short
Bitget SOXLUSDT	0.0000%	8h	142.31	−0.028%	$58.9M	$116.0M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	142.84	+0.344%	$2.2M	$4.8M	—	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	143.54	+0.835%	$68K	$180K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	142.40	+0.035%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	142.73	+0.267%	$180K	$576K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	142.46	+0.077%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USDshort	+0.0004%	1h	142.59	+0.169%	$263K	$266K	30x
Lighter SOXL	+0.0032%	1h	142.34	−0.007%	$702K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	142.29	−0.042%	$267K	$1.8M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	142.28	−0.049%	$24.9M	$22.9M	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0050%	1h	142.47	+0.082%	$87K	$286K	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	143.09	+0.520%	$200K	$487K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	142.28	−0.049%	$6.8M	$10.1M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	143.38	+0.724%	$37K	$143K	50x	as long as short
Orderly PERP_SOXL_USDC_mythoslong	+0.0100%	8h	142.35	long leg	$1K	$5K	20x
Aevo SOXL-PERP	+0.0104%	1h	142.35	+0.002%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0120%	1h	142.97	+0.436%	$759K	$2.7M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0172%	1h	142.36	+0.007%	$111K	$316K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0185%	1h	142.59	+0.169%	$3K	$268K	10x	as long as short
edgeX SOXLUSDC	+0.0187%	4h	143.42	+0.750%	$179K	$327K	10x	as long as short