SOXL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0545%/8h= +59.7% APRnext payment +$0.68 per $10,000 · paid last 24h −0.037%

Price spread now: QFEX against Deribit+0.042%7-day average −0.009% · 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−$39as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Deribit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.042%, 7d avg −0.009%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and QFEX is 0.051% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 4 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.106% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.68 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOXL_USDC-PERPETUAL	142.22	−0.0523	get 0.0065% / 1h	48m 42s	$115K	$382K	10x
Short	QFEX SOXL-USD	142.28	0.0022	get 0.0003% / 1h	48m 42s	$263K	$257K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee QFEXbpOrdersPrice spread, now +0.042%Rate

Funding earned: $114.47
Price spread: +0.042% → −0.009%: $5.09
Slippage, 4 orders: −$27.33
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: $75.23
Costs to cover: 0.443%
Break-even: 2.4 days

Slippage from Deribit: live order book, 63 min ago; QFEX: live order book, 57 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, 63 min ago	11.16 bp	15.4 bp −$15	17.2 bp −$172	doesn't fit	doesn't fit
Sell QFEX live order book, 57 min ago	1.80 bp	6.8 bp −$7	7.0 bp −$70	doesn't fit	doesn't fit

SOXL on 28 exchanges

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
Deribit SOXL_USDC-PERPETUALlong	−0.0523%	1h	142.22	long leg	$115K	$382K	10x
Bitget SOXLUSDT	−0.0441%	8h	142.07	−0.105%	$59.1M	$162.0M	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	142.22	−0.002%	$182K	$1.4M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	142.07	−0.108%	$41K	$445K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	142.13	−0.062%	$163.5M	$1.65B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	142.13	−0.063%	$45.9M	$230.5M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	142.04	−0.127%	$25.6M	$261.7M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	142.17	−0.035%	$28.4M	$59.6M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	142.08	−0.098%	$19.3M	$60.5M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	142.12	−0.071%	$1.9M	$5.6M	—	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SOXL_USDT_Perp	0.0000%	8h	141.64	−0.408%	$66K	$196K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	142.29	+0.049%	$2K	$3.7M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	142.28	+0.042%	$90K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	142.34	+0.084%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USDshort	+0.0022%	1h	142.28	+0.042%	$263K	$257K	30x
BloFin SOXL-USDT	+0.0024%	8h	142.26	+0.028%	$1.3M	$510K	50x	as long as short
Lighter SOXL	+0.0032%	1h	142.10	−0.084%	$680K	$2.7M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	142.07	−0.105%	$264K	$1.8M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	142.09	−0.091%	$22.1M	$33.1M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	142.18	−0.028%	$9K	$289K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	141.85	−0.260%	$215K	$399K	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	142.14	−0.056%	$6.5M	$10.3M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	142.05	−0.120%	$37K	$144K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	142.35	+0.091%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	142.31	+0.061%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0200%	1h	142.21	−0.007%	$827K	$3.4M	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0510%	1h	141.88	−0.242%	$88K	$380K	20x	as long as short
edgeX SOXLUSDC	+0.0839%	4h	142.03	−0.136%	$177K	$334K	10x	as long as short