SOXL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0601%/8h= −65.8% APRnext payment −$0.75 per $10,000 · paid last 24h −0.038%

Price spread now: tradeXYZ against Kraken Futures−0.001%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$850.853% of the position

Long on Kraken Futures Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.279%+$28 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.001%, 7d avg +0.041%

Together, before fees+0.305%+ Points / potential airdroptradeXYZ: Active · farm board+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and tradeXYZ is 0.043% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.279%, 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 7 days it paid 0.279% in total (about 14.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.75 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	Kraken Futures PF_SOXLUSD	140.39	0.0651	pay 0.0081% / 1h	7m 10s	$83K	$296K	20x
Short	tradeXYZ xyz:SOXL	140.39	0.0050	get 0.0006% / 1h	7m 10s	$22.2M	$29.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Kraken Futures. 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 Kraken FuturesbpFee tradeXYZbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$126.26
Price spread: −0.001% → +0.041%: −$4.25
Slippage, 4 orders: −$57.34
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$215.85
Costs to cover: 0.853%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 40 min ago; tradeXYZ: 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 Kraken Futures live order book, 40 min ago	4.98 bp	36.5 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.36 bp	9.7 bp −$10	13.9 bp −$139	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	−0.2228%	8h	140.53	+0.099%	$60.4M	$135.8M	20x	as long as short
BloFin SOXL-USDT	−0.0027%	8h	140.44	+0.035%	$1.3M	$472K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	140.35	−0.030%	$200K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	140.45	+0.042%	$33K	$311K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	140.35	−0.029%	$166.4M	$1.43B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	140.39	−0.001%	$46.8M	$225.6M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	140.40	+0.006%	$26.7M	$223.6M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	140.48	+0.063%	$28.1M	$49.0M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	140.36	−0.022%	$16.8M	$54.6M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	140.25	−0.100%	$1.9M	$5.4M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SOXL_USDT_Perp	0.0000%	8h	140.30	−0.065%	$64K	$202K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	140.48	+0.063%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	140.56	+0.120%	$93K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	140.44	+0.035%	$2.4M	$1.2M	10x	as long as short
Lighter SOXL	+0.0032%	1h	140.49	+0.070%	$690K	$2.3M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	140.36	−0.022%	$271K	$1.7M	20x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0035%	1h	140.49	+0.070%	$109K	$339K	10x	as long as short
tradeXYZ xyz:SOXLshort	+0.0050%	1h	140.39	−0.001%	$22.2M	$29.3M	10x
Ondo Perps SOXL-USD.P	+0.0050%	1h	140.08	−0.222%	$219K	$514K	10x	as long as short
QFEX SOXL-USD	+0.0053%	1h	140.46	+0.049%	$260K	$266K	30x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	140.44	+0.035%	$6.7M	$10.7M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	140.24	−0.108%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	140.48	+0.063%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	140.46	+0.049%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0184%	1h	140.40	+0.006%	$966K	$3.2M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0459%	1h	140.58	+0.134%	$8K	$291K	10x	as long as short
Kraken Futures PF_SOXLUSDlong	+0.0651%	1h	140.39	long leg	$83K	$296K	20x
edgeX SOXLUSDC	+0.0682%	4h	140.28	−0.082%	$175K	$329K	10x	as long as short