Funding you earn now, next payment 01:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h +0.066%
Price spread now: Coinbase International against Binance+0.101%53s7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as 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−$300.300% of the position
Funding, last 7 days+0.207%+$21 on $10k
+Price spread, last 2 days (all we have)−0.132%−$13 · spread now +0.101%, 7d avg −0.030%
=The price spread pays, funding is against you. Coinbase International is 0.132% dearer against Binance than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of −0.030%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.207%, so the current rate has only just turned against you. The two prices were read 53 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 | Binance SOXLUSDT | 146.06 | 0.0266 | pay 0.0266% / 8h | 6h 56m | $171.2M | $1.22B | 50x |
| Short | Coinbase International SOXL-PERP-INTX | 146.21 | 0.0200 | get 0.0025% / 1h | 56m 30s | $894K | $2.4M | 10x |
Binance SOXLUSDT
Coinbase International SOXL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- −$13.83
- Price spread: +0.101% → −0.030%
- $13.16
- Slippage, 4 orders
- −$9.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$30.62
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Coinbase International: live order book, 2 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 Binance live order book, 3 min ago | 0.34 bp | 5.6 bp −$6 | 6.5 bp −$65 | 18.7 bp −$1,874 | 70.0 bp −$35.0K |
| Sell Coinbase International live order book, 2 min ago | 3.76 bp | 9.7 bp −$10 | 14.9 bp −$149 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOXLUSDT | 0.0000% | 8h | 146.11 | +0.033% | $52.6M | $183.3M | 100x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 146.13 | +0.047% | $27.5M | $39.7M | 50x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 146.13 | +0.047% | $1K | $4.5M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 146.08 | +0.012% | $119K | $287K | 10x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 146.11 | +0.033% | $2.5M | $1.2M | 10x | as long as short |
| Aster SOXLUSDT | +0.0013% | 8h | 146.17 | +0.071% | $253K | $1.6M | 50x | as long as short |
| QFEX SOXL-USD | +0.0021% | 1h | 146.11 | +0.033% | $270K | $271K | 30x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 146.11 | +0.033% | $818K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 146.12 | +0.040% | $347K | $1.8M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 146.09 | +0.019% | $26.1M | $22.3M | 10x | as long as short |
Bybit SOXLUSDT
Gate SOXL_USDT
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
Phemex SOXLUSDT
Aster SOXLUSDT
QFEX SOXL-USD
Lighter SOXL
Lighter RH SOXL
tradeXYZ xyz:SOXLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps SOXL-USD | +0.0050% | 1h | 146.13 | +0.047% | $5K | $266K | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 146.10 | +0.026% | $208K | $736K | 10x | as long as short |
| OKX SOXL-USDT-SWAP | +0.0098% | 8h | 146.07 | +0.005% | $26.2M | $190.0M | 20x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 146.13 | +0.047% | $7.0M | $10.4M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 146.36 | +0.204% | $38K | $142K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 146.22 | +0.108% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 146.18 | +0.079% | $6K | — | 10x | as long as short |
| HTX SOXL-USDT | +0.0109% | 8h | 146.11 | +0.033% | $184K | $624K | 50x | as long as short |
| Coinbase International SOXL-PERP-INTXshort | +0.0200% | 1h | 146.21 | +0.101% | $894K | $2.4M | 10x | |
| Variational Omni SOXL | +0.0238% | 8h | 146.74 | +0.464% | $2.4M | $5.0M | — | as long as short |
| Extended SOXL-USD | +0.0264% | 1h | 146.06 | −0.002% | $25K | $273K | 10x | as long as short |
| Binance SOXLUSDTlong | +0.0266% | 8h | 146.06 | long leg | $171.2M | $1.22B | 50x | |
| MEXC SOXL_USDT | +0.0267% | 8h | 146.09 | +0.019% | $14.3M | $47.0M | 200x | as long as short |
| BloFin SOXL-USDT | +0.0273% | 8h | 146.06 | −0.001% | $1.3M | $491K | 50x | as long as short |
| edgeX SOXLUSDC | +0.0293% | 4h | 146.55 | +0.333% | $183K | $321K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0410% | 1h | 146.18 | +0.082% | $89K | $304K | 20x | as long as short |
| Bitget SOXLUSDT | +0.0625% | 8h | 146.09 | +0.019% | $61.5M | $112.8M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | +0.0668% | 8h | 146.44 | +0.258% | $72K | $164K | 10x | as long as short |
Polymarket Perps SOXL-USD
Ondo Perps SOXL-USD.P
OKX SOXL-USDT-SWAP
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
HTX SOXL-USDT
Variational Omni SOXL
Extended SOXL-USD
MEXC SOXL_USDT
BloFin SOXL-USDT
edgeX SOXLUSDC
Kraken Futures PF_SOXLUSD
Bitget SOXLUSDT
GRVT SOXL_USDT_Perp