Funding you earn now, next payment 00:00 UTC−0.0528%/8h= −57.9% APRpaid last 24h +0.125%
Price spread now: MEXC against Polymarket Perps−0.042%7-day average +0.075% · 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−$28as in the Price arb table
costs, in and out, $10k−$160.163% of the position
Funding, last 5 days (all we have)−0.062%−$6 on $10k
+Price spread, last 3 days (all we have)−0.074%−$7 · spread now −0.042%, 7d avg +0.075%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and MEXC is 0.117% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.075%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.062% in total (about -4.3% 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 | 144.55 | 0.0528 | pay 0.0066% / 1h | 44m 05s | $5K | $265K | 10x |
| Short | MEXC SOXL_USDT | 144.49 | 0 | get 0.0000% / 8h | 44m 05s | $15.2M | $46.3M | 200x |
Polymarket Perps SOXL-USD
MEXC SOXL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$110.95
- Price spread: −0.042% → +0.075%
- −$11.69
- Slippage, 4 orders
- −$8.32
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$138.95
- Costs to cover
- 0.163%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 33 min ago; MEXC: live order book, 5 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, 33 min ago | 2.79 bp | 6.8 bp −$7 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.35 bp | 0.3 bp $0 | 0.3 bp −$3 | 2.4 bp −$238 | 10.3 bp −$5,126 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOXLUSD | −0.0024% | 1h | 144.26 | −0.202% | $89K | $304K | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 144.40 | −0.104% | $213K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 144.38 | −0.117% | $27K | $338K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 144.46 | −0.060% | $170.6M | $1.19B | 50x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 144.49 | −0.042% | $25.4M | $184.1M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 144.43 | −0.083% | $27.1M | $38.8M | 50x | as long as short |
| MEXC SOXL_USDTshort | 0.0000% | 8h | 144.49 | −0.042% | $15.2M | $46.3M | 200x | |
| Bitget SOXLUSDT | 0.0000% | 8h | 144.43 | −0.083% | $60.1M | $109.0M | 20x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 144.44 | −0.078% | $2.2M | $4.9M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 144.34 | −0.147% | $71K | $169K | 10x | as long as short |
Kraken Futures PF_SOXLUSD
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
Bitget SOXLUSDT
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 | 144.56 | +0.007% | $1K | $4.7M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 144.69 | +0.097% | $200K | $546K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 144.49 | −0.042% | $2.5M | $1.2M | 10x | as long as short |
| BloFin SOXL-USDT | +0.0002% | 8h | 144.35 | −0.138% | $1.2M | $490K | 50x | as long as short |
| QFEX SOXL-USD | +0.0021% | 1h | 144.30 | −0.173% | $307K | $258K | 30x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 144.46 | −0.062% | $343K | $1.9M | 20x | as long as short |
| Bybit SOXLUSDT | +0.0047% | 8h | 144.50 | −0.035% | $51.4M | $178.3M | 100x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 144.14 | −0.284% | $238K | $912K | 10x | as long as short |
| Lighter SOXL | +0.0096% | 1h | 144.41 | −0.097% | $801K | $2.6M | 20x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 144.28 | −0.187% | $6.8M | $11.1M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 144.53 | −0.014% | $38K | $142K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 144.45 | −0.069% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 144.38 | −0.116% | $6K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0144% | 1h | 144.43 | −0.083% | $963K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:SOXL | +0.0199% | 1h | 144.43 | −0.083% | $26.1M | $22.6M | 10x | as long as short |
| edgeX SOXLUSDC | +0.0301% | 4h | 144.28 | −0.185% | $180K | $322K | 10x | as long as short |
| Polymarket Perps SOXL-USDlong | +0.0528% | 1h | 144.55 | long leg | $5K | $265K | 10x | |
| Deribit SOXL_USDC-PERPETUAL | +0.0859% | 1h | 144.45 | −0.069% | $117K | $317K | 10x | as long as short |
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
BloFin SOXL-USDT
QFEX SOXL-USD
Lighter RH SOXL
Bybit SOXLUSDT
Ondo Perps SOXL-USD.P
Lighter SOXL
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
tradeXYZ xyz:SOXL
edgeX SOXLUSDC
Deribit SOXL_USDC-PERPETUAL