Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Phemex+0.007%50s7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as 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−$1301.300% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.007%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.041% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.033%. The two prices were read 50 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 | 138.22 | 0 | get 0.0000% / 8h | 1h 40m | $2.3M | $1.2M | 10x |
| Short | KuCoin SOXLUSDTM | 138.23 | 0.0100 | get 0.0100% / 8h | 1h 40m | $6.6M | $10.9M | 20x |
Phemex SOXLUSDT
KuCoin SOXLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.007% → −0.033%
- $4.06
- Slippage, 4 orders
- −$105.96
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$104.9
- Costs to cover
- 1.300%
- Break-even
- 42.0 days
Slippage from Phemex: live order book, 3 min ago; KuCoin: live order book, 8 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, 3 min ago | 5.43 bp | 44.3 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 0.36 bp | 12.1 bp −$12 | 124.5 bp −$1,245 | 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 | −0.2450% | 8h | 138.35 | +0.094% | $59.8M | $138.6M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.12 | −0.070% | $203K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.31 | +0.063% | $32K | $311K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.11 | −0.080% | $163.8M | $1.46B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 138.18 | −0.029% | $46.1M | $229.3M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.11 | −0.080% | $26.3M | $224.6M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.15 | −0.051% | $28.0M | $49.4M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.13 | −0.065% | $17.0M | $55.1M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.16 | −0.043% | $1.9M | $5.4M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 138.10 | −0.084% | $64K | $203K | 10x | as long as short |
Bitget SOXLUSDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
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 | 138.14 | −0.058% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 138.17 | −0.036% | $86K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDTlong | 0.0000% | 8h | 138.22 | long leg | $2.3M | $1.2M | 10x | |
| BloFin SOXL-USDT | +0.0002% | 8h | 138.18 | −0.029% | $1.3M | $465K | 50x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 138.20 | −0.014% | $689K | $2.3M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.17 | −0.036% | $268K | $1.7M | 20x | as long as short |
| QFEX SOXL-USD | +0.0046% | 1h | 138.31 | +0.065% | $255K | $266K | 30x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 138.03 | −0.137% | $21.3M | $29.9M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.02 | −0.145% | $210K | $492K | 10x | as long as short |
| KuCoin SOXLUSDTMshort | +0.0100% | 8h | 138.23 | +0.007% | $6.6M | $10.9M | 20x | |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 137.66 | −0.405% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.06 | −0.116% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.00 | −0.157% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 138.28 | +0.043% | $943K | $3.1M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0283% | 1h | 138.20 | −0.014% | $9K | $292K | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0402% | 1h | 138.10 | −0.087% | $118K | $352K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0410% | 4h | 138.08 | −0.098% | $172K | $332K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0435% | 1h | 138.15 | −0.050% | $83K | $296K | 20x | as long as short |
SunX SOXL-USDT
HTX SOXL-USDT
BloFin SOXL-USDT
Lighter SOXL
Lighter RH SOXL
QFEX SOXL-USD
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
Deribit SOXL_USDC-PERPETUAL
edgeX SOXLUSDC
Kraken Futures PF_SOXLUSD