Funding you earn now, next payment 03:00 UTC−0.0400%/8h= −43.8% APRpaid last 24h −0.048%
Price spread now: Bybit against Polymarket Perps−0.110%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 5 days (all we have)−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)−0.766%−$77 · spread now −0.110%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.125% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.071% in total (about -4.8% a year). A funding rate is set anew for every payment. 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 | Polymarket Perps SOXL-USD | 145.12 | 0.0400 | pay 0.0050% / 1h | 58m 19s | $3K | $269K | 10x |
| Short | Bybit SOXLUSDT | 144.96 | 0 | get 0.0000% / 8h | 5h 58m | $52.0M | $185.4M | 100x |
Polymarket Perps SOXL-USD
Bybit SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket Perps. 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
- −$83.92
- Price spread: −0.110% → +0.015%
- −$12.51
- Slippage, 4 orders
- −$12.07
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$127.49
- Costs to cover
- 0.311%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; Bybit: live order book, 6 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 Polymarket Perps live order book, 4 min ago | 3.10 bp | 7.8 bp −$8 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 0.34 bp | 8.3 bp −$8 | 13.4 bp −$134 | 85.8 bp −$8,585 | doesn't fit |
SOXL on 27 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 | 145.05 | −0.050% | $247K | $1.6M | 50x | as long as short |
| Bybit SOXLUSDTshort | 0.0000% | 8h | 144.96 | −0.110% | $52.0M | $185.4M | 100x | |
| Gate SOXL_USDT | 0.0000% | 8h | 145.03 | −0.062% | $27.2M | $42.1M | 50x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 145.00 | −0.083% | $60.2M | $112.3M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 144.85 | −0.183% | $70K | $176K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.01 | −0.076% | $1K | $4.4M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 144.68 | −0.303% | $183K | $579K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 144.94 | −0.124% | $2.5M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0004% | 1h | 144.84 | −0.193% | $268K | $271K | 30x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0018% | 1h | 145.03 | −0.065% | $88K | $304K | 20x | as long as short |
Aster SOXLUSDT
Gate SOXL_USDT
Bitget SOXLUSDT
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USD
Kraken Futures PF_SOXLUSDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SOXL-USDT-SWAP | +0.0021% | 8h | 144.91 | −0.145% | $24.7M | $191.8M | 20x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 144.96 | −0.110% | $810K | $2.4M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 144.99 | −0.090% | $358K | $1.7M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 144.98 | −0.096% | $25.4M | $22.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 144.84 | −0.193% | $207K | $618K | 10x | as long as short |
| Variational Omni SOXL | +0.0088% | 8h | 144.83 | −0.200% | $2.4M | $4.9M | — | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0095% | 1h | 145.00 | −0.083% | $117K | $283K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 144.98 | −0.096% | $6.9M | $10.3M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 144.65 | −0.324% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 144.99 | −0.090% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 144.99 | −0.092% | $6K | — | 10x | as long as short |
| Binance SOXLUSDT | +0.0125% | 8h | 144.97 | −0.106% | $169.2M | $1.23B | 50x | as long as short |
| MEXC SOXL_USDT | +0.0127% | 8h | 145.02 | −0.069% | $15.7M | $48.7M | 200x | as long as short |
| Extended SOXL-USD | +0.0128% | 1h | 144.99 | −0.093% | $25K | $241K | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0160% | 1h | 144.74 | −0.262% | $801K | $2.5M | 10x | as long as short |
| Polymarket Perps SOXL-USDlong | +0.0400% | 1h | 145.12 | long leg | $3K | $269K | 10x | |
| edgeX SOXLUSDC | +0.0508% | 4h | 144.80 | −0.221% | $180K | $325K | 10x | as long as short |
OKX SOXL-USDT-SWAP
Lighter SOXL
Lighter RH SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
Variational Omni SOXL
Deribit SOXL_USDC-PERPETUAL
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Binance SOXLUSDT
MEXC SOXL_USDT
Extended SOXL-USD
Coinbase International SOXL-PERP-INTX
edgeX SOXLUSDC