Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.060%
Price spread now: Kraken Futures against Bybit−0.049%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$740.736% of the position
Funding, last 7 days−0.353%−$35 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.049%, 7d avg −0.096%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.047% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.096%. Mind the row above: over the last 7 days funding on this pair cost −0.353%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOXLUSDT | 145.15 | 0 | get 0.0000% / 8h | 5h 26m | $52.0M | $184.8M | 100x |
| Short | Kraken Futures PF_SOXLUSD | 145.08 | 0.0018 | get 0.0002% / 1h | 26m 07s | $88K | $304K | 20x |
Bybit SOXLUSDT
Kraken Futures PF_SOXLUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $3.84
- Price spread: −0.049% → −0.096%
- $4.74
- Slippage, 4 orders
- −$52.56
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$64.98
- Costs to cover
- 0.736%
- Break-even
- 125.6 days
Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 37 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 Bybit live order book, 3 min ago | 0.34 bp | 6.1 bp −$6 | 9.1 bp −$91 | 64.7 bp −$6,472 | doesn't fit |
| Sell Kraken Futures live order book, 37 min ago | 4.82 bp | 32.2 bp −$32 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SOXLUSDT | 0.0000% | 8h | 145.07 | −0.055% | $244K | $1.5M | 50x | as long as short |
| Bybit SOXLUSDTlong | 0.0000% | 8h | 145.15 | long leg | $52.0M | $184.8M | 100x | |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 145.09 | −0.041% | $24.7M | $191.6M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 145.11 | −0.028% | $27.2M | $42.5M | 50x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 145.08 | −0.048% | $60.1M | $111.9M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 145.02 | −0.090% | $71K | $175K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.09 | −0.041% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 145.27 | +0.083% | $184K | $567K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 145.11 | −0.028% | $2.5M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0004% | 1h | 145.01 | −0.096% | $268K | $271K | 30x | as long as short |
Aster SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
Bitget SOXLUSDT
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOXLUSDshort | +0.0018% | 1h | 145.08 | −0.049% | $88K | $304K | 20x | |
| Lighter SOXL | +0.0032% | 1h | 145.05 | −0.069% | $799K | $2.4M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 145.12 | −0.021% | $329K | $1.7M | 20x | as long as short |
| Variational Omni SOXL | +0.0050% | 8h | 145.40 | +0.169% | $2.4M | $4.8M | — | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 145.00 | −0.103% | $25.4M | $22.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 145.21 | +0.041% | $207K | $582K | 10x | as long as short |
| BloFin SOXL-USDT | +0.0074% | 8h | 145.06 | −0.062% | $1.2M | $478K | 50x | as long as short |
| Extended SOXL-USD | +0.0080% | 1h | 145.03 | −0.083% | $24K | $244K | 10x | as long as short |
| MEXC SOXL_USDT | +0.0082% | 8h | 145.11 | −0.028% | $15.3M | $49.0M | 200x | as long as short |
| Binance SOXLUSDT | +0.0082% | 8h | 145.10 | −0.033% | $169.2M | $1.23B | 50x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 145.08 | −0.048% | $6.9M | $10.2M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 145.49 | +0.234% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 145.03 | −0.083% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 145.01 | −0.094% | $6K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0160% | 1h | 145.03 | −0.083% | $816K | $2.4M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0233% | 1h | 145.08 | −0.048% | $115K | $279K | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0249% | 1h | 145.20 | +0.034% | $3K | $269K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0942% | 4h | 145.22 | +0.045% | $181K | $324K | 10x | as long as short |
Lighter SOXL
Lighter RH SOXL
Variational Omni SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
BloFin SOXL-USDT
Extended SOXL-USD
MEXC SOXL_USDT
Binance SOXLUSDT
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Deribit SOXL_USDC-PERPETUAL
Polymarket Perps SOXL-USD
edgeX SOXLUSDC