Funding you earn now, next payment 09:00 UTC+0.1249%/8h= +136.8% APRnext payment +$1.56 per $10,000 · paid last 24h −0.023%
Price spread now: Deribit against Polymarket Perps+0.340%7-day average −0.001% · 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−$7as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 4 days (all we have)−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)−0.445%−$45 · spread now +0.340%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Deribit is 0.341% dearer against Polymarket Perps than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.001%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.043% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.56 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 | Polymarket Perps SOXL-USD | 135.33 | 0.0050 | pay 0.0006% / 1h | 27m 48s | $9K | $291K | 10x |
| Short | Deribit SOXL_USDC-PERPETUAL | 135.79 | 0.1299 | get 0.0162% / 1h | 27m 48s | $108K | $387K | 10x |
Polymarket Perps SOXL-USD
Deribit SOXL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $262.27
- Price spread: +0.340% → −0.001%
- $34.1
- Slippage, 4 orders
- −$26.11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $255.26
- Costs to cover
- 0.411%
- Break-even
- 0.2 days
Slippage from Polymarket Perps: live order book, 69 min ago; Deribit: 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, 69 min ago | 3.24 bp | 7.2 bp −$7 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 6 min ago | 7.70 bp | 14.2 bp −$14 | 17.8 bp −$178 | 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 | −0.1487% | 8h | 135.97 | +0.473% | $57.2M | $148.5M | 20x | as long as short |
| Kraken Futures PF_SOXLUSD | −0.0122% | 1h | 135.69 | +0.265% | $77K | $326K | 20x | as long as short |
| BloFin SOXL-USDT | −0.0010% | 8h | 135.67 | +0.251% | $1.2M | $489K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 135.73 | +0.296% | $180K | $1.6M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 135.78 | +0.330% | $70K | $360K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 135.84 | +0.377% | $159.3M | $1.52B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 135.85 | +0.384% | $45.7M | $224.2M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 135.84 | +0.377% | $25.8M | $229.4M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 135.77 | +0.325% | $28.9M | $52.7M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 135.83 | +0.369% | $20.6M | $57.2M | 200x | as long as short |
Bitget SOXLUSDT
Kraken Futures PF_SOXLUSD
BloFin SOXL-USDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOXL | 0.0000% | 8h | 136.36 | +0.763% | $1.8M | $5.5M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 136.09 | +0.564% | $63K | $194K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 135.65 | +0.236% | $2K | $3.9M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 135.57 | +0.177% | $85K | $1.2M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 135.93 | +0.443% | $2.3M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0022% | 1h | 135.51 | +0.133% | $250K | $264K | 30x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 135.72 | +0.288% | $649K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 135.70 | +0.273% | $232K | $1.7M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 135.60 | +0.200% | $19.8M | $30.3M | 10x | as long as short |
| Polymarket Perps SOXL-USDlong | +0.0050% | 1h | 135.33 | long leg | $9K | $291K | 10x | |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 135.81 | +0.355% | $207K | $424K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 135.80 | +0.347% | $6.2M | $10.7M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 136.05 | +0.532% | $35K | $144K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 135.57 | +0.177% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 135.55 | +0.165% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0208% | 1h | 135.67 | +0.251% | $942K | $3.0M | 10x | as long as short |
| edgeX SOXLUSDC | +0.0304% | 4h | 136.17 | +0.619% | $170K | $333K | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALshort | +0.1299% | 1h | 135.79 | +0.340% | $108K | $387K | 10x |
Variational Omni SOXL
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USD
Lighter SOXL
Lighter RH SOXL
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
edgeX SOXLUSDC