Funding you earn now, next payment 08:00 UTC+0.0637%/8h= +69.8% APRnext payment +$0.80 per $10,000 · paid last 24h +0.003%
Price spread now: Deribit against Coinbase International+0.175%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 4 days (all we have)+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.175%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Deribit is 0.181% dearer against Coinbase International than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.005%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.003% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.80 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SOXL-PERP-INTX | 136.84 | 0.0208 | pay 0.0026% / 1h | 22m 06s | $1.0M | $3.1M | 10x |
| Short | Deribit SOXL_USDC-PERPETUAL | 137.08 | 0.0845 | get 0.0106% / 1h | 22m 06s | $109K | $387K | 10x |
Coinbase International SOXL-PERP-INTX
Deribit SOXL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $133.86
- Price spread: +0.175% → −0.005%
- $18.05
- Slippage, 4 orders
- −$22
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $112.92
- Costs to cover
- 0.390%
- Break-even
- 1.1 days
Slippage from Coinbase International: live order book, 2 min ago; Deribit: live order book, 12 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, 2 min ago | 1.46 bp | 7.2 bp −$7 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 12 min ago | 7.70 bp | 14.2 bp −$14 | 17.8 bp −$178 | 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 | −0.1396% | 8h | 137.21 | +0.270% | $58.0M | $149.5M | 20x | as long as short |
| Kraken Futures PF_SOXLUSD | −0.0121% | 1h | 137.09 | +0.183% | $78K | $328K | 20x | as long as short |
| BloFin SOXL-USDT | −0.0022% | 8h | 136.84 | 0.000% | $1.3M | $493K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 137.04 | +0.147% | $184K | $1.6M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 137.06 | +0.157% | $41K | $389K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 137.19 | +0.256% | $161.2M | $1.52B | 50x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 137.18 | +0.248% | $26.1M | $233.9M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 137.16 | +0.234% | $29.6M | $53.6M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 137.11 | +0.197% | $20.8M | $57.4M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 135.81 | −0.754% | $1.8M | $5.5M | — | as long as short |
Bitget SOXLUSDT
Kraken Futures PF_SOXLUSD
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 | 136.09 | −0.548% | $63K | $193K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 137.09 | +0.183% | $1K | $3.9M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 136.82 | −0.015% | $86K | $1.2M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 137.19 | +0.256% | $2.3M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0022% | 1h | 137.24 | +0.292% | $253K | $264K | 30x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 137.10 | +0.190% | $241K | $1.7M | 20x | as long as short |
| Lighter SOXL | +0.0048% | 1h | 137.08 | +0.175% | $643K | $2.6M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 137.06 | +0.161% | $20.7M | $31.1M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0050% | 1h | 137.00 | +0.117% | $9K | $291K | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 135.82 | −0.745% | $213K | $410K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 136.87 | +0.022% | $6.3M | $10.7M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 136.22 | −0.453% | $35K | $144K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 136.98 | +0.102% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 136.91 | +0.051% | $5K | — | 10x | as long as short |
| Bybit SOXLUSDT | +0.0191% | 8h | 137.20 | +0.263% | $46.5M | $225.0M | 100x | as long as short |
| Coinbase International SOXL-PERP-INTXlong | +0.0208% | 1h | 136.84 | long leg | $1.0M | $3.1M | 10x | |
| edgeX SOXLUSDC | +0.0658% | 4h | 135.96 | −0.645% | $169K | $332K | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALshort | +0.0845% | 1h | 137.08 | +0.175% | $109K | $387K | 10x |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USD
Lighter RH SOXL
Lighter SOXL
tradeXYZ xyz:SOXL
Polymarket Perps SOXL-USD
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Bybit SOXLUSDT
edgeX SOXLUSDC