Funding you earn now, next payment 23:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h −0.025%
Price spread now: Phemex against Deribit0.000%7-day average +0.029% · 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−$136as in the Price arb table
costs, in and out, $10k−$1331.331% of the position
Funding, last 4 days (all we have)−0.039%−$4 on $10k
+Price spread, last 3 days (all we have)+0.005%+$1 · spread now 0.000%, 7d avg +0.029%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.029% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.039% in total (about -4.0% 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 | 142.49 | 0.0241 | pay 0.0030% / 1h | 47m 11s | $116K | $380K | 10x |
| Short | Phemex SOXLUSDT | 142.49 | 0 | get 0.0000% / 8h | 1h 47m | $2.5M | $1.2M | 10x |
Deribit SOXL_USDC-PERPETUAL
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$50.71
- Price spread: 0.000% → +0.029%
- −$2.9
- Slippage, 4 orders
- −$114.12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$186.73
- Costs to cover
- 1.331%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 37 min ago; Phemex: live order book, 1 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, 37 min ago | 8.79 bp | 15.4 bp −$15 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.81 bp | 47.7 bp −$48 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SOXL-USDT | −0.0007% | 8h | 142.51 | +0.014% | $1.2M | $519K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 142.46 | −0.021% | $213K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 142.45 | −0.029% | $25K | $336K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 142.49 | −0.003% | $165.9M | $1.20B | 50x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 142.51 | +0.014% | $24.9M | $186.3M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 142.48 | −0.007% | $25.6M | $40.1M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 142.47 | −0.014% | $16.4M | $45.6M | 200x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 142.48 | −0.007% | $59.1M | $110.2M | 20x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 142.63 | +0.100% | $2.2M | $5.0M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 142.66 | +0.118% | $70K | $196K | 10x | as long as short |
BloFin SOXL-USDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Bitget SOXLUSDT
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 | 142.45 | −0.028% | $2K | $4.8M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 142.51 | +0.014% | $190K | $534K | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 142.49 | 0.000% | $2.5M | $1.2M | 10x | |
| Bybit SOXLUSDT | +0.0017% | 8h | 142.53 | +0.028% | $50.4M | $183.0M | 100x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 142.43 | −0.042% | $767K | $2.7M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 142.47 | −0.014% | $323K | $2.0M | 20x | as long as short |
| QFEX SOXL-USD | +0.0038% | 1h | 142.47 | −0.014% | $303K | $259K | 30x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 142.40 | −0.063% | $25.5M | $23.4M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 142.47 | −0.014% | $205K | $889K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 142.45 | −0.028% | $6.7M | $11.4M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 142.46 | −0.021% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 142.46 | −0.021% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 142.46 | −0.021% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0136% | 1h | 142.63 | +0.098% | $747K | $2.6M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0219% | 1h | 142.56 | +0.049% | $6K | $265K | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALlong | +0.0241% | 1h | 142.49 | long leg | $116K | $380K | 10x | |
| Kraken Futures PF_SOXLUSD | +0.0302% | 1h | 142.31 | −0.125% | $88K | $311K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0419% | 4h | 142.59 | +0.071% | $178K | $320K | 10x | as long as short |
SunX SOXL-USDT
HTX SOXL-USDT
Bybit SOXLUSDT
Lighter SOXL
Lighter RH SOXL
QFEX SOXL-USD
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
Kraken Futures PF_SOXLUSD
edgeX SOXLUSDC