Funding you earn now, next payment 06:00 UTC−0.0883%/8h= −96.7% APRpaid last 24h −0.016%
Price spread now: KuCoin against Deribit+0.080%7-day average −0.008% · 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−$45as in the Price arb table
costs, in and out, $10k−$540.541% of the position
Funding, last 4 days (all we have)+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.080%, 7d avg −0.008%
=The price spread pays, funding is against you. KuCoin is 0.088% dearer against Deribit than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of −0.008%): +$9 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 4 days funding on this pair paid +0.132%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.132% in total (about 12.3% a year). A funding rate is set anew for every payment. 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 | Deribit SOXL_USDC-PERPETUAL | 138.05 | 0.0983 | pay 0.0123% / 1h | 25m 33s | $107K | $337K | 10x |
| Short | KuCoin SOXLUSDTM | 138.16 | 0.0100 | get 0.0100% / 8h | 2h 25m | $6.6M | $10.6M | 20x |
Deribit SOXL_USDC-PERPETUAL
KuCoin SOXLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Deribit. 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
- −$185.42
- Price spread: +0.080% → −0.008%
- $8.77
- Slippage, 4 orders
- −$35.15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$230.8
- Costs to cover
- 0.541%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 23 min ago; KuCoin: 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 Deribit live order book, 23 min ago | 3.90 bp | 12.7 bp −$13 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 1.45 bp | 15.1 bp −$15 | 155.1 bp −$1,551 | 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 | −0.2350% | 8h | 138.42 | +0.268% | $59.2M | $133.3M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.23 | +0.128% | $202K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.21 | +0.119% | $32K | $314K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.36 | +0.226% | $164.6M | $1.40B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 138.43 | +0.275% | $46.5M | $222.3M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.48 | +0.311% | $26.5M | $215.5M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.20 | +0.109% | $27.8M | $48.3M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.22 | +0.123% | $15.4M | $53.3M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.14 | +0.067% | $1.9M | $5.3M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 138.40 | +0.254% | $66K | $199K | 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 | 138.15 | +0.072% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 137.78 | −0.196% | $89K | $1.2M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 138.12 | +0.051% | $2.3M | $1.2M | 10x | as long as short |
| BloFin SOXL-USDT | +0.0009% | 8h | 137.89 | −0.116% | $1.3M | $463K | 50x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.12 | +0.051% | $264K | $1.7M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 138.05 | 0.000% | $22.4M | $28.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.38 | +0.239% | $203K | $488K | 10x | as long as short |
| QFEX SOXL-USD | +0.0053% | 1h | 138.28 | +0.167% | $256K | $266K | 30x | as long as short |
| Lighter SOXL | +0.0056% | 1h | 138.14 | +0.065% | $674K | $2.3M | 20x | as long as short |
| KuCoin SOXLUSDTMshort | +0.0100% | 8h | 138.16 | +0.080% | $6.6M | $10.6M | 20x | |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 137.94 | −0.080% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 137.98 | −0.051% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.01 | −0.030% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0184% | 1h | 138.00 | −0.036% | $952K | $3.1M | 10x | as long as short |
| edgeX SOXLUSDC | +0.0301% | 4h | 137.86 | −0.135% | $172K | $328K | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0480% | 1h | 138.13 | +0.058% | $7K | $288K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0662% | 1h | 138.12 | +0.050% | $83K | $295K | 20x | as long as short |
| Deribit SOXL_USDC-PERPETUALlong | +0.0983% | 1h | 138.05 | long leg | $107K | $337K | 10x |
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
BloFin SOXL-USDT
Lighter RH SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
QFEX SOXL-USD
Lighter SOXL
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
edgeX SOXLUSDC
Polymarket Perps SOXL-USD
Kraken Futures PF_SOXLUSD