Funding you earn now, next payment 05:00 UTC−0.0356%/8h= −39.0% APRnext payment −$0.45 per $10,000 · paid last 24h −0.043%
Price spread now: tradeXYZ against Polymarket Perps−0.128%7-day average −0.042% · 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−$46as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 6 days (all we have)−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)−0.075%−$7 · spread now −0.128%, 7d avg −0.042%
=Together, before fees−0.263%+ Points / potential airdroptradeXYZ: Active · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and tradeXYZ is 0.086% 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 −0.042%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.188% in total (about -12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 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 | 140.54 | 0.0428 | pay 0.0053% / 1h | 5m 03s | $3K | $269K | 10x |
| Short | tradeXYZ xyz:SOXL | 140.36 | 0.0071 | get 0.0009% / 1h | 5m 03s | $25.0M | $23.7M | 10x |
Polymarket Perps SOXL-USD
tradeXYZ xyz:SOXLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$74.79
- Price spread: −0.128% → −0.042%
- −$8.58
- Slippage, 4 orders
- −$11.43
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$120.81
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 47 min ago; tradeXYZ: live order book, 3 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, 47 min ago | 3.48 bp | 7.5 bp −$7 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 1.07 bp | 11.2 bp −$11 | 13.4 bp −$134 | 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 | −0.1437% | 8h | 140.54 | 0.000% | $60.1M | $125.3M | 20x | as long as short |
| BloFin SOXL-USDT | −0.0019% | 8h | 140.46 | −0.057% | $1.2M | $471K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 140.39 | −0.105% | $209K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 140.27 | −0.189% | $36K | $270K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 140.39 | −0.107% | $164.4M | $1.33B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 140.40 | −0.100% | $47.4M | $210.8M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 140.39 | −0.107% | $25.3M | $205.4M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 140.38 | −0.114% | $25.8M | $46.0M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 140.35 | −0.135% | $14.2M | $51.5M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 140.66 | +0.086% | $2.2M | $5.0M | — | as long as short |
Bitget SOXLUSDT
BloFin SOXL-USDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 140.08 | −0.328% | $66K | $189K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 140.29 | −0.178% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 140.22 | −0.228% | $115K | $959K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 140.32 | −0.157% | $2.4M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0004% | 1h | 140.33 | −0.149% | $259K | $266K | 30x | as long as short |
| edgeX SOXLUSDC | +0.0028% | 4h | 139.86 | −0.485% | $174K | $328K | 10x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 140.41 | −0.093% | $689K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 140.38 | −0.114% | $260K | $1.9M | 20x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 140.54 | 0.000% | $206K | $499K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0051% | 1h | 140.36 | −0.128% | $82K | $292K | 20x | as long as short |
| tradeXYZ xyz:SOXLshort | +0.0071% | 1h | 140.36 | −0.128% | $25.0M | $23.7M | 10x | |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 140.36 | −0.128% | $6.7M | $10.4M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 140.12 | −0.299% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 140.33 | −0.149% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 140.31 | −0.167% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0120% | 1h | 140.48 | −0.043% | $892K | $2.8M | 10x | as long as short |
| Polymarket Perps SOXL-USDlong | +0.0428% | 1h | 140.54 | long leg | $3K | $269K | 10x | |
| Deribit SOXL_USDC-PERPETUAL | +0.0463% | 1h | 140.32 | −0.157% | $109K | $333K | 10x | as long as short |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USD
edgeX SOXLUSDC
Lighter SOXL
Lighter RH SOXL
Ondo Perps SOXL-USD.P
Kraken Futures PF_SOXLUSD
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Deribit SOXL_USDC-PERPETUAL