Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.017%
Price spread now: Phemex against BloFin−0.173%59s7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as 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−$1031.034% of the position
Funding, last 7 days−0.364%−$36 on $10k
+Price spread, last 4 days (all we have)+0.185%+$19 · spread now −0.173%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.157% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.016%). Swap the legs. The two prices were read 59 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 | BloFin SOXL-USDT | 138.56 | 0.0025 | pay 0.0025% / 8h | 1h 53m | $1.3M | $466K | 50x |
| Short | Phemex SOXLUSDT | 138.32 | 0 | get 0.0000% / 8h | 1h 53m | $2.3M | $1.2M | 10x |
BloFin SOXL-USDT
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.31
- Price spread: −0.173% → −0.016%
- −$15.7
- Slippage, 4 orders
- −$79.44
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$124.45
- Costs to cover
- 1.034%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Phemex: live order book, 5 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 BloFin live order book, 4 min ago | 1.08 bp | 7.1 bp −$7 | 8.0 bp −$80 | 19.0 bp −$1,899 | 56.8 bp −$28.4K |
| Sell Phemex live order book, 5 min ago | 5.02 bp | 44.4 bp −$44 | 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 | −0.2198% | 8h | 138.53 | −0.022% | $59.9M | $138.2M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.36 | −0.144% | $196K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.25 | −0.223% | $33K | $311K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.41 | −0.110% | $163.3M | $1.45B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 138.43 | −0.094% | $46.3M | $228.5M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.47 | −0.065% | $26.3M | $224.1M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.29 | −0.195% | $27.9M | $49.1M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.32 | −0.173% | $17.1M | $54.8M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.92 | +0.260% | $1.9M | $5.4M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 139.11 | +0.396% | $64K | $203K | 10x | as long as short |
Bitget SOXLUSDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXL
GRVT SOXL_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SOXL-USDT | 0.0000% | 8h | 138.25 | −0.224% | $2K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 138.64 | +0.058% | $92K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 138.32 | −0.173% | $2.3M | $1.2M | 10x | |
| BloFin SOXL-USDTlong | +0.0025% | 8h | 138.56 | long leg | $1.3M | $466K | 50x | |
| Lighter SOXL | +0.0032% | 1h | 138.26 | −0.217% | $684K | $2.3M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.19 | −0.267% | $268K | $1.7M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0044% | 1h | 138.31 | −0.180% | $21.4M | $29.8M | 10x | as long as short |
| QFEX SOXL-USD | +0.0046% | 1h | 138.23 | −0.238% | $255K | $266K | 30x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 139.22 | +0.476% | $211K | $510K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.26 | −0.217% | $6.6M | $10.9M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 139.02 | +0.332% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.23 | −0.238% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.26 | −0.216% | $5K | — | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0161% | 1h | 138.33 | −0.166% | $8K | $291K | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 138.22 | −0.245% | $943K | $3.2M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0256% | 1h | 138.31 | −0.180% | $118K | $352K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0435% | 1h | 138.29 | −0.195% | $83K | $297K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0554% | 4h | 139.35 | +0.572% | $174K | $329K | 10x | as long as short |
SunX SOXL-USDT
HTX SOXL-USDT
Lighter SOXL
Lighter RH SOXL
tradeXYZ xyz:SOXL
QFEX SOXL-USD
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Polymarket Perps SOXL-USD
Coinbase International SOXL-PERP-INTX
Deribit SOXL_USDC-PERPETUAL
Kraken Futures PF_SOXLUSD
edgeX SOXLUSDC