Funding you earn now, next payment 07:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.067%
Price spread now: Polymarket Perps against Phemex+0.022%46s7-day average −0.025% · 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—prices read too far apart to compare
costs, in and out, $10k−$1031.030% of the position
Funding, last 6 days (all we have)+0.333%+$33 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.022%, 7d avg −0.025%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Polymarket Perps is 0.046% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.025%. The two prices were read 46 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 | 138.65 | 0 | get 0.0000% / 8h | 1h 27m | $2.3M | $1.2M | 10x |
| Short | Polymarket Perps SOXL-USD | 138.68 | 0.0285 | get 0.0036% / 1h | 27m 24s | $9K | $292K | 10x |
Phemex SOXLUSDT
Polymarket Perps SOXL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $59.91
- Price spread: +0.022% → −0.025%
- $4.64
- Slippage, 4 orders
- −$82.98
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$38.43
- Costs to cover
- 1.030%
- Break-even
- 11.5 days
Slippage from Phemex: live order book, 1 min ago; Polymarket Perps: live order book, 15 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, 1 min ago | 2.16 bp | 53.1 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 15 min ago | 2.89 bp | 8.6 bp −$9 | 9.6 bp −$96 | 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 | −0.2565% | 8h | 138.71 | +0.043% | $60.2M | $139.4M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.58 | −0.053% | $204K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.57 | −0.057% | $35K | $314K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.59 | −0.040% | $163.4M | $1.46B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 138.60 | −0.036% | $45.9M | $229.9M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.61 | −0.029% | $26.4M | $226.6M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.62 | −0.022% | $28.2M | $49.6M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.60 | −0.036% | $16.7M | $55.3M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.24 | −0.295% | $1.9M | $5.4M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 138.32 | −0.241% | $64K | $202K | 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 | 138.65 | 0.000% | $2K | $4.3M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 138.56 | −0.065% | $108K | $364K | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 138.64 | −0.007% | $86K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDTlong | 0.0000% | 8h | 138.65 | long leg | $2.3M | $1.2M | 10x | |
| BloFin SOXL-USDT | +0.0004% | 8h | 138.74 | +0.065% | $1.3M | $466K | 50x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 138.55 | −0.072% | $686K | $2.4M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.56 | −0.065% | $269K | $1.7M | 20x | as long as short |
| QFEX SOXL-USD | +0.0046% | 1h | 138.54 | −0.079% | $256K | $266K | 30x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 138.50 | −0.108% | $21.3M | $30.1M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.09 | −0.404% | $210K | $478K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.56 | −0.065% | $6.6M | $10.9M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 138.73 | +0.058% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.57 | −0.058% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.59 | −0.041% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 138.54 | −0.079% | $947K | $3.2M | 10x | as long as short |
| Polymarket Perps SOXL-USDshort | +0.0285% | 1h | 138.68 | +0.022% | $9K | $292K | 10x | |
| Kraken Futures PF_SOXLUSD | +0.0434% | 1h | 138.41 | −0.176% | $83K | $296K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0756% | 4h | 138.74 | +0.062% | $173K | $329K | 10x | as long as short |
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
HTX SOXL-USDT
BloFin SOXL-USDT
Lighter SOXL
Lighter RH SOXL
QFEX SOXL-USD
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Kraken Futures PF_SOXLUSD
edgeX SOXLUSDC