Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against SunX−0.143%73s7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as 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−$1431.435% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.143%, 7d avg −0.063%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.081% cheaper against SunX than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.063%). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day). The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOXL-USDT	146.61	0	get 0.0000% / 8h	7h 45m	$1K	$4.6M	10x
Short	ApeX Omni SOXLUSDT	146.40	0.0100	get 0.0013% / 1h	45m 42s	$38K	$142K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.143%Rate

Funding earned: $21
Price spread: −0.143% → −0.063%: −$8.07
Slippage, 4 orders: −$125.46
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$130.52
Costs to cover: 1.435%
Break-even: 50.5 days

Slippage from SunX: live order book, 2 min ago; ApeX Omni: live order book, 25 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 SunX live order book, 2 min ago	28.99 bp	33.0 bp −$33	61.8 bp −$618	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 25 min ago	25.58 bp	37.1 bp −$37	207.6 bp −$2,076	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
Aster SOXLUSDT	0.0000%	8h	146.38	−0.158%	$217K	$1.6M	50x	as long as short
Gate SOXL_USDT	0.0000%	8h	146.61	0.000%	$28.1M	$38.5M	50x	as long as short
SunX SOXL-USDTlong	0.0000%	8h	146.61	long leg	$1K	$4.6M	10x
Phemex SOXLUSDT	0.0000%	8h	146.63	+0.014%	$2.5M	$1.2M	10x	as long as short
Lighter SOXL	+0.0032%	1h	146.55	−0.041%	$813K	$2.6M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	146.59	−0.014%	$347K	$1.8M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0053%	1h	146.56	−0.034%	$242K	$768K	10x	as long as short
OKX SOXL-USDT-SWAP	+0.0067%	8h	146.63	+0.014%	$25.7M	$185.9M	20x	as long as short
QFEX SOXL-USD	+0.0070%	1h	146.67	+0.041%	$271K	$271K	30x	as long as short
Variational Omni SOXL	+0.0070%	8h	146.70	+0.063%	$2.3M	$5.0M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXL-USDT	+0.0089%	8h	146.82	+0.143%	$1.2M	$495K	50x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	146.46	−0.102%	$7.0M	$10.6M	20x	as long as short
ApeX Omni SOXLUSDTshort	+0.0100%	1h	146.40	−0.143%	$38K	$142K	50x
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	146.64	+0.020%	$1K	$5K	20x	as long as short
MEXC SOXL_USDT	+0.0103%	8h	146.59	−0.014%	$13.9M	$46.9M	200x	as long as short
Extended SOXL-USD	+0.0104%	1h	146.58	−0.022%	$25K	$318K	10x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	146.59	−0.011%	$6K	—	10x	as long as short
Binance SOXLUSDT	+0.0109%	8h	146.59	−0.014%	$173.5M	$1.20B	50x	as long as short
Bitget SOXLUSDT	+0.0129%	8h	146.64	+0.020%	$62.2M	$109.8M	20x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	146.68	+0.048%	$1.1M	$2.2M	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0296%	1h	146.64	+0.020%	$119K	$276K	10x	as long as short
HTX SOXL-USDT	+0.0296%	8h	146.80	+0.130%	$185K	$592K	50x	as long as short
edgeX SOXLUSDC	+0.0377%	4h	146.33	−0.190%	$182K	$322K	10x	as long as short
Bybit SOXLUSDT	+0.0422%	8h	146.61	0.000%	$52.7M	$179.2M	100x	as long as short
Kraken Futures PF_SOXLUSD	+0.0425%	1h	146.50	−0.078%	$89K	$309K	20x	as long as short
tradeXYZ xyz:SOXL	+0.0516%	1h	146.53	−0.055%	$26.7M	$20.9M	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0878%	8h	146.31	−0.205%	$72K	$160K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0967%	1h	146.74	+0.089%	$5K	$266K	10x	as long as short