Funding you earn now, next payment 06:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.023%
Price spread now: Bybit against Coinbase International−0.452%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 4 days (all we have)+0.496%+$50 · spread now −0.452%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.467% cheaper against Coinbase International than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SOXL-PERP-INTX | 139.42 | 0.0200 | pay 0.0025% / 1h | 55m 48s | $951K | $3.2M | 10x |
| Short | Bybit SOXLUSDT | 138.79 | 0 | get 0.0000% / 8h | 1h 55m | $46.3M | $228.2M | 100x |
Coinbase International SOXL-PERP-INTX
Bybit SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Coinbase International. 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
- −$42
- Price spread: −0.452% → +0.015%
- −$46.7
- Slippage, 4 orders
- −$11.15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$120.85
- Costs to cover
- 0.321%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Bybit: live order book, 3 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 Coinbase International live order book, 3 min ago | 4.65 bp | 9.7 bp −$10 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.36 bp | 6.5 bp −$6 | 9.7 bp −$97 | 74.1 bp −$7,407 | 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 | −0.2166% | 8h | 138.90 | −0.373% | $59.9M | $137.8M | 20x | as long as short |
| BloFin SOXL-USDT | −0.0005% | 8h | 138.94 | −0.344% | $1.3M | $467K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.69 | −0.526% | $197K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.70 | −0.515% | $33K | $311K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.81 | −0.438% | $163.7M | $1.45B | 50x | as long as short |
| Bybit SOXLUSDTshort | 0.0000% | 8h | 138.79 | −0.452% | $46.3M | $228.2M | 100x | |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.80 | −0.445% | $26.2M | $224.0M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.84 | −0.416% | $28.0M | $49.0M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.77 | −0.466% | $16.1M | $54.6M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.92 | −0.358% | $1.9M | $5.4M | — | as long as short |
Bitget SOXLUSDT
BloFin SOXL-USDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 139.58 | +0.118% | $64K | $202K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 138.88 | −0.387% | $2K | $4.3M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 138.82 | −0.430% | $118K | $352K | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 139.10 | −0.230% | $92K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 138.81 | −0.438% | $2.3M | $1.2M | 10x | as long as short |
| tradeXYZ xyz:SOXL | +0.0026% | 1h | 138.64 | −0.559% | $21.5M | $29.8M | 10x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 138.72 | −0.502% | $686K | $2.3M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.69 | −0.524% | $267K | $1.7M | 20x | as long as short |
| QFEX SOXL-USD | +0.0046% | 1h | 139.06 | −0.258% | $257K | $266K | 30x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 139.22 | −0.143% | $211K | $510K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.76 | −0.473% | $6.6M | $10.8M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 139.65 | +0.165% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.86 | −0.402% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.86 | −0.400% | $5K | — | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0154% | 1h | 139.05 | −0.265% | $8K | $291K | 10x | as long as short |
| Coinbase International SOXL-PERP-INTXlong | +0.0200% | 1h | 139.42 | long leg | $951K | $3.2M | 10x | |
| Kraken Futures PF_SOXLUSD | +0.0433% | 1h | 138.91 | −0.368% | $83K | $297K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0554% | 4h | 139.35 | −0.048% | $174K | $329K | 10x | as long as short |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
HTX SOXL-USDT
Phemex SOXLUSDT
tradeXYZ xyz:SOXL
Lighter SOXL
Lighter RH 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
Kraken Futures PF_SOXLUSD
edgeX SOXLUSDC