Funding you earn now, next payment 08:00 UTC+0.0205%/8h= +22.5% APRnext payment +$0.26 per $10,000 · paid last 24h +0.028%
Price spread now: Deribit against tradeXYZ−0.087%7-day average +0.034% · 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−$62as in the Price arb table
costs, in and out, $10k−$500.500% of the position
Funding, last 4 days (all we have)+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.087%, 7d avg +0.034%
=Together, before fees+0.124%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.121% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of +0.034%). If the spread goes back, that is −$12 on $10k: about 47 hours of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.042% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.042% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 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 | tradeXYZ xyz:SOXL | 138.70 | 0.0050 | pay 0.0006% / 1h | 31m 59s | $21.1M | $30.3M | 10x |
| Short | Deribit SOXL_USDC-PERPETUAL | 138.58 | 0.0255 | get 0.0032% / 1h | 31m 59s | $108K | $358K | 10x |
tradeXYZ xyz:SOXL
Deribit SOXL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against tradeXYZ. 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
- $43.13
- Price spread: −0.087% → +0.034%
- −$12.06
- Slippage, 4 orders
- −$25
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$18.93
- Costs to cover
- 0.500%
- Break-even
- 10.1 days
Slippage from tradeXYZ: live order book, 7 min ago; Deribit: live order book, 7 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 tradeXYZ live order book, 7 min ago | 0.36 bp | 10.3 bp −$10 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 7 min ago | 8.65 bp | 14.8 bp −$15 | 16.8 bp −$168 | 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 | −0.2000% | 8h | 138.99 | +0.209% | $60.7M | $142.0M | 20x | as long as short |
| BloFin SOXL-USDT | −0.0012% | 8h | 138.59 | −0.079% | $1.3M | $469K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.75 | +0.035% | $196K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.57 | −0.093% | $52K | $353K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.78 | +0.058% | $163.2M | $1.47B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 138.81 | +0.079% | $46.1M | $225.7M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.75 | +0.036% | $25.9M | $228.4M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.68 | −0.014% | $27.9M | $50.6M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.73 | +0.022% | $15.2M | $55.1M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.61 | −0.066% | $1.9M | $5.5M | — | 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 | 138.82 | +0.090% | $64K | $202K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 138.59 | −0.079% | $2K | $4.2M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 138.80 | +0.072% | $87K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 138.64 | −0.043% | $2.3M | $1.2M | 10x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 138.63 | −0.050% | $673K | $2.4M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.60 | −0.072% | $262K | $1.7M | 20x | as long as short |
| QFEX SOXL-USD | +0.0035% | 1h | 138.64 | −0.043% | $256K | $264K | 30x | as long as short |
| tradeXYZ xyz:SOXLlong | +0.0050% | 1h | 138.70 | long leg | $21.1M | $30.3M | 10x | |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.48 | −0.159% | $211K | $459K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0072% | 1h | 138.51 | −0.136% | $81K | $300K | 20x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.62 | −0.058% | $6.6M | $11.0M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 138.74 | +0.029% | $36K | $142K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.58 | −0.087% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.58 | −0.088% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 139.02 | +0.231% | $952K | $3.0M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0208% | 1h | 138.67 | −0.022% | $9K | $292K | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALshort | +0.0255% | 1h | 138.58 | −0.087% | $108K | $358K | 10x | |
| edgeX SOXLUSDC | +0.0292% | 4h | 138.81 | +0.076% | $173K | $331K | 10x | as long as short |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
Lighter SOXL
Lighter RH SOXL
QFEX SOXL-USD
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
Polymarket Perps SOXL-USD
edgeX SOXLUSDC