Funding you earn now, next payment 08:00 UTC+0.0246%/8h= +26.9% APRnext payment +$2.46 per $10,000 · paid last 24h +0.011%
Price spread now: Bybit against OKX−0.014%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$260.262% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 7 days+0.025%+$2 · spread now −0.014%, 7d avg +0.014%
=Funding pays, the price is against you. Bybit is 0.027% cheaper against OKX than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.014%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.041% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.46 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 | OKX SOXL-USDT-SWAP | 147.10 | 0.0093 | pay 0.0093% / 8h | 7h 27m | $26.8M | $189.7M | 20x |
| Short | Bybit SOXLUSDT | 147.08 | 0.0339 | get 0.0339% / 8h | 7h 27m | $53.5M | $181.7M | 100x |
OKX SOXL-USDT-SWAP
Bybit SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- $51.67
- Price spread: −0.014% → +0.014%
- −$2.72
- Slippage, 4 orders
- −$5.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $22.72
- Costs to cover
- 0.262%
- Break-even
- 3.9 days
Slippage from OKX: live order book, 1 min ago; Bybit: 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 OKX live order book, 1 min ago | 0.34 bp | 5.4 bp −$5 | 8.9 bp −$89 | 37.9 bp −$3,786 | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.68 bp | 6.9 bp −$7 | 10.6 bp −$106 | 61.3 bp −$6,130 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SOXLUSDT | 0.0000% | 8h | 146.70 | −0.273% | $219K | $1.6M | 50x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 147.02 | −0.054% | $28.1M | $39.0M | 50x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 146.97 | −0.088% | $2K | $4.5M | 10x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 146.91 | −0.129% | $2.5M | $1.2M | 10x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 146.92 | −0.122% | $816K | $2.6M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 146.93 | −0.116% | $347K | $1.8M | 20x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 145.95 | −0.782% | $241K | $750K | 10x | as long as short |
| QFEX SOXL-USD | +0.0070% | 1h | 146.99 | −0.075% | $272K | $271K | 30x | as long as short |
| OKX SOXL-USDT-SWAPlong | +0.0093% | 8h | 147.10 | long leg | $26.8M | $189.7M | 20x | |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 146.78 | −0.218% | $7.0M | $10.5M | 20x | as long as short |
Aster SOXLUSDT
Gate SOXL_USDT
SunX SOXL-USDT
Phemex SOXLUSDT
Lighter SOXL
Lighter RH SOXL
Ondo Perps SOXL-USD.P
QFEX SOXL-USD
KuCoin SOXLUSDTMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 145.76 | −0.911% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 146.92 | −0.122% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 146.83 | −0.182% | $6K | — | 10x | as long as short |
| Variational Omni SOXL | +0.0129% | 8h | 146.17 | −0.631% | $2.3M | $4.9M | — | as long as short |
| BloFin SOXL-USDT | +0.0155% | 8h | 146.81 | −0.197% | $1.2M | $498K | 50x | as long as short |
| MEXC SOXL_USDT | +0.0172% | 8h | 146.96 | −0.095% | $13.3M | $47.6M | 200x | as long as short |
| Extended SOXL-USD | +0.0176% | 1h | 146.96 | −0.098% | $25K | $318K | 10x | as long as short |
| Binance SOXLUSDT | +0.0180% | 8h | 146.97 | −0.087% | $172.8M | $1.21B | 50x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0208% | 1h | 146.95 | −0.102% | $1.1M | $2.2M | 10x | as long as short |
| HTX SOXL-USDT | +0.0229% | 8h | 147.00 | −0.068% | $185K | $627K | 50x | as long as short |
| tradeXYZ xyz:SOXL | +0.0239% | 1h | 146.86 | −0.163% | $26.8M | $21.4M | 10x | as long as short |
| Bybit SOXLUSDTshort | +0.0339% | 8h | 147.08 | −0.014% | $53.5M | $181.7M | 100x | |
| Deribit SOXL_USDC-PERPETUAL | +0.0363% | 1h | 146.92 | −0.122% | $119K | $273K | 10x | as long as short |
| Bitget SOXLUSDT | +0.0389% | 8h | 146.98 | −0.082% | $62.1M | $111.2M | 20x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0424% | 1h | 146.84 | −0.174% | $89K | $304K | 20x | as long as short |
| Polymarket Perps SOXL-USD | +0.0630% | 1h | 147.17 | +0.048% | $5K | $266K | 10x | as long as short |
| GRVT SOXL_USDT_Perp | +0.0705% | 8h | 146.20 | −0.612% | $72K | $158K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0937% | 4h | 146.16 | −0.638% | $182K | $323K | 10x | as long as short |
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Variational Omni SOXL
BloFin SOXL-USDT
MEXC SOXL_USDT
Extended SOXL-USD
Binance SOXLUSDT
Coinbase International SOXL-PERP-INTX
HTX SOXL-USDT
tradeXYZ xyz:SOXL
Deribit SOXL_USDC-PERPETUAL
Bitget SOXLUSDT
Kraken Futures PF_SOXLUSD
Polymarket Perps SOXL-USD
GRVT SOXL_USDT_Perp
edgeX SOXLUSDC