Funding you earn now, next payment 07:00 UTC−0.0291%/8h= −31.8% APRpaid last 24h −0.067%
Price spread now: Phemex against Polymarket Perps−0.065%7-day average +0.025% · 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−$101as in the Price arb table
costs, in and out, $10k−$920.918% of the position
Funding, last 6 days (all we have)−0.333%−$33 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.065%, 7d avg +0.025%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Phemex is 0.090% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SOXL-USD | 138.74 | 0.0291 | pay 0.0036% / 1h | 28m 05s | $9K | $292K | 10x |
| Short | Phemex SOXLUSDT | 138.65 | 0 | get 0.0000% / 8h | 1h 28m | $2.3M | $1.2M | 10x |
Polymarket Perps SOXL-USD
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$61.07
- Price spread: −0.065% → +0.025%
- −$8.97
- Slippage, 4 orders
- −$71.77
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$161.8
- Costs to cover
- 0.918%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 14 min ago; Phemex: 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, 14 min ago | 2.89 bp | 6.9 bp −$7 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.53 bp | 39.1 bp −$39 | doesn't fit | 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 | −0.2575% | 8h | 138.65 | −0.065% | $60.1M | $139.3M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.58 | −0.115% | $204K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.67 | −0.053% | $35K | $314K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.57 | −0.126% | $163.6M | $1.46B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 138.57 | −0.123% | $45.9M | $230.1M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.53 | −0.151% | $26.4M | $226.5M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.66 | −0.058% | $28.3M | $49.6M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.63 | −0.079% | $16.7M | $55.3M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.24 | −0.360% | $1.9M | $5.4M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 138.32 | −0.306% | $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 | 138.74 | 0.000% | $1K | $4.3M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 138.65 | −0.065% | $108K | $364K | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 138.64 | −0.072% | $86K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 138.65 | −0.065% | $2.3M | $1.2M | 10x | |
| BloFin SOXL-USDT | +0.0004% | 8h | 138.74 | 0.000% | $1.3M | $466K | 50x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 138.61 | −0.094% | $686K | $2.4M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.60 | −0.101% | $269K | $1.7M | 20x | as long as short |
| edgeX SOXLUSDC | +0.0035% | 4h | 138.18 | −0.403% | $172K | $332K | 10x | as long as short |
| QFEX SOXL-USD | +0.0046% | 1h | 138.70 | −0.029% | $256K | $266K | 30x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 138.55 | −0.137% | $21.3M | $30.1M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.09 | −0.469% | $210K | $492K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.65 | −0.065% | $6.6M | $10.9M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 138.09 | −0.469% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.68 | −0.043% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.69 | −0.034% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 138.61 | −0.094% | $947K | $3.2M | 10x | as long as short |
| Polymarket Perps SOXL-USDlong | +0.0291% | 1h | 138.74 | long leg | $9K | $292K | 10x | |
| Kraken Futures PF_SOXLUSD | +0.0434% | 1h | 138.53 | −0.151% | $83K | $296K | 20x | as long as short |
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
HTX SOXL-USDT
BloFin SOXL-USDT
Lighter SOXL
Lighter RH SOXL
edgeX SOXLUSDC
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