Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.008%
Price spread now: Phemex against QFEX+0.158%7-day average +0.035% · 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−$102as in the Price arb table
costs, in and out, $10k−$1151.145% of the position
Funding, last 4 days (all we have)−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.158%, 7d avg +0.035%
=The price spread pays, funding is against you. Phemex is 0.123% dearer against QFEX than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of +0.035%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.0 days. At the pace of the last 4 days (−0.020% in total) that is about 23 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SOXL-USD | 139.13 | 0.0046 | pay 0.0006% / 1h | 18m 14s | $257K | $266K | 30x |
| Short | Phemex SOXLUSDT | 139.35 | 0 | get 0.0000% / 8h | 1h 18m | $2.3M | $1.2M | 10x |
QFEX SOXL-USD
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against QFEX. 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
- −$9.59
- Price spread: +0.158% → +0.035%
- $12.31
- Slippage, 4 orders
- −$92.52
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$111.81
- Costs to cover
- 1.145%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 2 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 QFEX live order book, 2 min ago | 2.52 bp | 7.6 bp −$8 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.08 bp | 55.1 bp −$55 | 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 | −0.2418% | 8h | 139.34 | +0.151% | $60.6M | $140.0M | 20x | as long as short |
| BloFin SOXL-USDT | −0.0029% | 8h | 138.97 | −0.115% | $1.3M | $468K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 139.34 | +0.154% | $205K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 139.33 | +0.140% | $42K | $340K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 139.36 | +0.165% | $164.2M | $1.47B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 139.35 | +0.158% | $46.2M | $230.5M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 139.32 | +0.137% | $26.6M | $227.6M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 139.32 | +0.137% | $28.3M | $50.0M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 139.37 | +0.173% | $16.6M | $55.5M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 139.00 | −0.093% | $1.9M | $5.4M | — | 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 | 139.16 | +0.022% | $65K | $203K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 139.19 | +0.043% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 139.34 | +0.151% | $87K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 139.35 | +0.158% | $2.3M | $1.2M | 10x | |
| Lighter SOXL | +0.0032% | 1h | 139.39 | +0.187% | $688K | $2.4M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 139.33 | +0.144% | $268K | $1.7M | 20x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0037% | 1h | 139.36 | +0.165% | $108K | $364K | 10x | as long as short |
| QFEX SOXL-USDlong | +0.0046% | 1h | 139.13 | long leg | $257K | $266K | 30x | |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 139.16 | +0.022% | $21.3M | $30.3M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.99 | −0.101% | $212K | $482K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 139.12 | −0.007% | $6.6M | $11.0M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 139.08 | −0.036% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 139.35 | +0.158% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 139.34 | +0.151% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 139.02 | −0.079% | $951K | $3.2M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0257% | 1h | 139.23 | +0.072% | $9K | $292K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0432% | 1h | 139.17 | +0.025% | $81K | $299K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0622% | 4h | 138.95 | −0.132% | $173K | $330K | 10x | as long as short |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Lighter SOXL
Lighter RH SOXL
Deribit SOXL_USDC-PERPETUAL
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
Polymarket Perps SOXL-USD
Kraken Futures PF_SOXLUSD
edgeX SOXLUSDC