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: Gate against QFEX−0.116%7-day average +0.006% · 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−$49as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on QFEX Short on Gate

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)+0.121%+$12 · spread now −0.116%, 7d avg +0.006%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.122% cheaper against QFEX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SOXL-USD	146.65	0.0070	pay 0.0009% / 1h	48m 04s	$271K	$271K	30x
Short	Gate SOXL_USDT	146.48	0	get 0.0000% / 8h	7h 48m	$28.2M	$38.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against QFEX. 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 QFEXbpFee GatebpOrdersPrice spread, now −0.116%Rate

Funding earned: −$14.6
Price spread: −0.116% → +0.006%: −$12.16
Slippage, 4 orders: −$11.68
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.45
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from QFEX: live order book, 11 min ago; Gate: live order book, 6 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 QFEX live order book, 11 min ago	1.73 bp	6.9 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	1.38 bp	8.9 bp −$9	17.4 bp −$174	26.5 bp −$2,647	37.3 bp −$18.6K

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	146.30	−0.239%	$217K	$1.6M	50x	as long as short
Gate SOXL_USDTshort	0.0000%	8h	146.48	−0.116%	$28.2M	$38.2M	50x
SunX SOXL-USDT	0.0000%	8h	146.46	−0.130%	$1K	$4.6M	10x	as long as short
Phemex SOXLUSDT	0.0000%	8h	146.48	−0.116%	$2.5M	$1.2M	10x	as long as short
Bitget SOXLUSDT	+0.0015%	8h	146.52	−0.089%	$62.1M	$109.6M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	146.48	−0.116%	$346K	$1.8M	20x	as long as short
Variational Omni SOXL	+0.0043%	8h	145.75	−0.612%	$2.2M	$5.0M	—	as long as short
Lighter SOXL	+0.0048%	1h	146.45	−0.136%	$819K	$2.6M	20x	as long as short
OKX SOXL-USDT-SWAP	+0.0061%	8h	146.65	0.000%	$25.7M	$185.8M	20x	as long as short
QFEX SOXL-USDlong	+0.0070%	1h	146.65	long leg	$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	−0.061%	$1.3M	$490K	50x	as long as short
MEXC SOXL_USDT	+0.0088%	8h	146.53	−0.082%	$14.0M	$46.9M	200x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0092%	1h	146.43	−0.150%	$119K	$276K	10x	as long as short
Binance SOXLUSDT	+0.0094%	8h	146.55	−0.069%	$176.3M	$1.20B	50x	as long as short
Extended SOXL-USD	+0.0096%	1h	146.54	−0.072%	$25K	$318K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.35	−0.205%	$7.0M	$10.6M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	145.71	−0.641%	$38K	$142K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.51	−0.095%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.18	−0.321%	$6K	—	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0117%	1h	146.56	−0.061%	$240K	$768K	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.02	−0.430%	$1.1M	$2.2M	10x	as long as short
HTX SOXL-USDT	+0.0245%	8h	146.40	−0.170%	$184K	$592K	50x	as long as short
Kraken Futures PF_SOXLUSD	+0.0425%	1h	146.47	−0.125%	$90K	$304K	20x	as long as short
Bybit SOXLUSDT	+0.0547%	8h	146.63	−0.014%	$52.8M	$179.2M	100x	as long as short
tradeXYZ xyz:SOXL	+0.0605%	1h	146.45	−0.136%	$26.7M	$20.8M	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0649%	8h	145.24	−0.960%	$71K	$157K	10x	as long as short
edgeX SOXLUSDC	+0.0699%	4h	145.28	−0.933%	$181K	$321K	10x	as long as short
Polymarket Perps SOXL-USD	+0.1071%	1h	146.70	+0.034%	$5K	$266K	10x	as long as short