Funding you earn now, next payment 00:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.314%
Price spread now: BloFin against Phemex+0.083%59s7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1121.124% of the position
Funding, last 7 days+0.390%+$39 on $10k
+Price spread, last 3 days (all we have)−0.095%−$10 · spread now +0.083%, 7d avg +0.010%
=The price spread pays, funding is against you. BloFin is 0.073% dearer against Phemex than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.010%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.390%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SOXLUSDT | 144.38 | 0 | get 0.0000% / 8h | 41m 47s | $2.5M | $1.2M | 10x |
| Short | BloFin SOXL-USDT | 144.50 | −0.0027 | pay 0.0027% / 8h | 41m 47s | $1.2M | $491K | 50x |
Phemex SOXLUSDT
BloFin SOXL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- −$5.69
- Price spread: +0.083% → +0.010%
- $7.35
- Slippage, 4 orders
- −$88.39
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$110.73
- Costs to cover
- 1.124%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; BloFin: 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 Phemex live order book, 2 min ago | 1.73 bp | 46.6 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 0.35 bp | 6.3 bp −$6 | 7.1 bp −$71 | 12.3 bp −$1,234 | 27.4 bp −$13.7K |
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-USDTshort | −0.0027% | 8h | 144.50 | +0.083% | $1.2M | $491K | 50x | |
| Kraken Futures PF_SOXLUSD | −0.0023% | 1h | 144.33 | −0.038% | $89K | $304K | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 144.38 | +0.001% | $215K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 144.33 | −0.032% | $27K | $338K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 144.34 | −0.028% | $170.5M | $1.19B | 50x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 144.42 | +0.028% | $25.4M | $183.9M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 144.30 | −0.055% | $27.0M | $38.8M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 144.34 | −0.028% | $14.6M | $46.4M | 200x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 144.27 | −0.076% | $60.0M | $109.0M | 20x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 144.44 | +0.039% | $2.2M | $4.9M | — | as long as short |
Kraken Futures PF_SOXLUSD
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Bitget SOXLUSDT
Variational Omni SOXLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 144.32 | −0.042% | $71K | $169K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 144.47 | +0.062% | $2K | $4.7M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 144.51 | +0.090% | $200K | $546K | 50x | as long as short |
| Phemex SOXLUSDTlong | 0.0000% | 8h | 144.38 | long leg | $2.5M | $1.2M | 10x | |
| QFEX SOXL-USD | +0.0021% | 1h | 144.45 | +0.048% | $307K | $258K | 30x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 144.32 | −0.042% | $343K | $1.9M | 20x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 144.30 | −0.055% | $238K | $913K | 10x | as long as short |
| Bybit SOXLUSDT | +0.0053% | 8h | 144.34 | −0.028% | $51.3M | $178.2M | 100x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 144.33 | −0.035% | $6.9M | $11.1M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 144.23 | −0.104% | $38K | $142K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 144.41 | +0.021% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 144.42 | +0.031% | $6K | — | 10x | as long as short |
| Lighter SOXL | +0.0112% | 1h | 144.28 | −0.069% | $801K | $2.6M | 20x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0144% | 1h | 144.49 | +0.076% | $963K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:SOXL | +0.0194% | 1h | 144.25 | −0.090% | $26.1M | $22.6M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0536% | 1h | 144.56 | +0.125% | $5K | $265K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0661% | 4h | 144.42 | +0.025% | $180K | $323K | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0928% | 1h | 144.42 | +0.028% | $117K | $317K | 10x | as long as short |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
QFEX SOXL-USD
Lighter RH SOXL
Ondo Perps SOXL-USD.P
Bybit SOXLUSDT
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Lighter SOXL
Coinbase International SOXL-PERP-INTX
tradeXYZ xyz:SOXL
Polymarket Perps SOXL-USD
edgeX SOXLUSDC
Deribit SOXL_USDC-PERPETUAL