Funding arb · Price arb /

SOXL

RWAall SOXL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.037%

Price spread now: Phemex against SunX−0.021%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1621.618% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.021%, 7d avg +0.003%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.023% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOXL-USDT	144.56	0	get 0.0000% / 8h	12m 23s	$1K	$4.6M	10x
Short	Phemex SOXLUSDT	144.53	0	get 0.0000% / 8h	12m 23s	$2.5M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.003%: −$2.34
Slippage, 4 orders: −$141.76
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$164.1
Costs to cover: 1.618%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Phemex: live order book, 1 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, 6 min ago	28.65 bp	32.6 bp −$33	61.7 bp −$617	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	2.08 bp	41.7 bp −$42	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
Kraken Futures PF_SOXLUSD	−0.0023%	1h	144.47	−0.065%	$90K	$303K	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	144.58	+0.017%	$213K	$1.6M	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	144.62	+0.042%	$25.6M	$184.0M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	144.58	+0.014%	$27.5M	$39.7M	50x	as long as short
Bitget SOXLUSDT	0.0000%	8h	144.60	+0.028%	$60.2M	$109.2M	20x	as long as short
Variational Omni SOXL	0.0000%	8h	144.68	+0.086%	$2.2M	$4.9M	—	as long as short
GRVT SOXL_USDT_Perp	0.0000%	8h	144.67	+0.076%	$71K	$163K	10x	as long as short
SunX SOXL-USDTlong	0.0000%	8h	144.56	long leg	$1K	$4.6M	10x
HTX SOXL-USDT	0.0000%	8h	144.60	+0.028%	$194K	$606K	50x	as long as short
Phemex SOXLUSDTshort	0.0000%	8h	144.53	−0.021%	$2.5M	$1.2M	10x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SOXL-USD	+0.0021%	1h	144.58	+0.014%	$308K	$257K	30x	as long as short
BloFin SOXL-USDT	+0.0023%	8h	144.54	−0.014%	$1.2M	$488K	50x	as long as short
MEXC SOXL_USDT	+0.0023%	8h	144.64	+0.055%	$14.1M	$46.6M	200x	as long as short
Binance SOXLUSDT	+0.0023%	8h	144.64	+0.055%	$172.0M	$1.19B	50x	as long as short
Extended SOXL-USD	+0.0024%	1h	144.59	+0.022%	$27K	$338K	10x	as long as short
Lighter RH SOXL	+0.0032%	1h	144.59	+0.021%	$342K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	144.64	+0.055%	$238K	$915K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	144.62	+0.042%	$6.9M	$10.8M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	144.56	0.000%	$38K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	144.60	+0.028%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	144.54	−0.017%	$6K	—	10x	as long as short
Bybit SOXLUSDT	+0.0112%	8h	144.64	+0.055%	$51.5M	$178.1M	100x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0144%	1h	144.80	+0.166%	$977K	$2.3M	10x	as long as short
Lighter SOXL	+0.0176%	1h	144.61	+0.035%	$802K	$2.6M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0180%	1h	144.55	−0.007%	$26.3M	$22.0M	10x	as long as short
edgeX SOXLUSDC	+0.0217%	4h	144.63	+0.046%	$180K	$324K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0373%	1h	144.51	−0.035%	$117K	$294K	10x	as long as short
Polymarket Perps SOXL-USD	+0.0566%	1h	144.76	+0.138%	$5K	$265K	10x	as long as short