Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: Phemex against tradeXYZ+0.166%48s7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1011.007% of the position
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 4 days (all we have)−0.352%−$35 · spread now +0.166%, 7d avg +0.060%
=Together, before fees−0.543%+ Points / potential airdroptradeXYZ: Active · farm board−$54 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.105% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of +0.060%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.0 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SOXL | 144.87 | 0.0050 | pay 0.0006% / 1h | 25m 27s | $25.3M | $22.8M | 10x |
| Short | Phemex SOXLUSDT | 145.11 | 0 | get 0.0000% / 8h | 5h 25m | $2.5M | $1.2M | 10x |
tradeXYZ xyz:SOXL
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$10.5
- Price spread: +0.166% → +0.060%
- $10.53
- Slippage, 4 orders
- −$70.66
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$100.63
- Costs to cover
- 1.007%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Phemex: 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 tradeXYZ live order book, 3 min ago | 0.34 bp | 9.3 bp −$9 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.07 bp | 39.2 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SOXLUSDT | 0.0000% | 8h | 144.98 | +0.079% | $244K | $1.5M | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 144.97 | +0.069% | $52.0M | $184.8M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 144.90 | +0.021% | $24.7M | $191.4M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 144.96 | +0.062% | $27.2M | $42.5M | 50x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 144.93 | +0.041% | $60.1M | $111.9M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 145.02 | +0.104% | $70K | $175K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.09 | +0.152% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 145.27 | +0.276% | $184K | $567K | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 145.11 | +0.166% | $2.5M | $1.2M | 10x | |
| QFEX SOXL-USD | +0.0004% | 1h | 144.95 | +0.055% | $268K | $271K | 30x | as long as short |
Aster SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
Bitget SOXLUSDT
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
QFEX SOXL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOXLUSD | +0.0018% | 1h | 145.08 | +0.145% | $88K | $304K | 20x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 144.92 | +0.035% | $798K | $2.4M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 144.90 | +0.021% | $328K | $1.7M | 20x | as long as short |
| Variational Omni SOXL | +0.0042% | 8h | 145.06 | +0.128% | $2.4M | $4.8M | — | as long as short |
| tradeXYZ xyz:SOXLlong | +0.0050% | 1h | 144.87 | long leg | $25.3M | $22.8M | 10x | |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 145.21 | +0.235% | $207K | $582K | 10x | as long as short |
| BloFin SOXL-USDT | +0.0074% | 8h | 145.06 | +0.131% | $1.2M | $478K | 50x | as long as short |
| Extended SOXL-USD | +0.0080% | 1h | 144.92 | +0.036% | $24K | $244K | 10x | as long as short |
| Binance SOXLUSDT | +0.0081% | 8h | 144.97 | +0.067% | $169.0M | $1.23B | 50x | as long as short |
| MEXC SOXL_USDT | +0.0082% | 8h | 144.92 | +0.035% | $15.3M | $49.0M | 200x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 144.98 | +0.076% | $6.9M | $10.2M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 145.04 | +0.117% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 145.03 | +0.110% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 145.01 | +0.100% | $6K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0160% | 1h | 145.03 | +0.110% | $816K | $2.4M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0233% | 1h | 145.08 | +0.145% | $115K | $279K | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0249% | 1h | 145.04 | +0.117% | $3K | $269K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0922% | 4h | 145.00 | +0.093% | $181K | $324K | 10x | as long as short |
Kraken Futures PF_SOXLUSD
Lighter SOXL
Lighter RH SOXL
Variational Omni SOXL
Ondo Perps SOXL-USD.P
BloFin SOXL-USDT
Extended SOXL-USD
Binance SOXLUSDT
MEXC SOXL_USDT
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Deribit SOXL_USDC-PERPETUAL
Polymarket Perps SOXL-USD
edgeX SOXLUSDC