Funding you earn now, next payment 16:00 UTC+0.1059%/8h= +116.0% APRnext payment +$10.59 per $10,000 · paid last 24h +0.178%
Price spread now: Phemex against Bitget−0.029%46s7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as 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−$1221.224% of the position
Funding, last 7 days−0.430%−$43 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.029%, 7d avg +0.043%
=Funding pays, the price is against you. Phemex is 0.072% cheaper against Bitget than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.043%). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$32 a day). Mind the row above: over the last 7 days funding on this pair cost −0.430%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.430% in total (about -22.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.59 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 | Bitget SOXLUSDT | 138.87 | −0.1059 | get 0.1059% / 8h | 6h 54m | $58.9M | $152.3M | 20x |
| Short | Phemex SOXLUSDT | 138.83 | 0 | get 0.0000% / 8h | 6h 54m | $2.3M | $1.2M | 10x |
Bitget SOXLUSDT
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- $222.39
- Price spread: −0.029% → +0.043%
- −$7.17
- Slippage, 4 orders
- −$98.45
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $92.78
- Costs to cover
- 1.224%
- Break-even
- 4.1 days
Slippage from Bitget: live order book, 5 min ago; Phemex: live order book, 4 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 Bitget live order book, 5 min ago | 0.36 bp | 9.0 bp −$9 | 14.1 bp −$141 | 22.8 bp −$2,280 | 38.8 bp −$19.4K |
| Sell Phemex live order book, 4 min ago | 1.44 bp | 61.8 bp −$62 | 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 SOXLUSDTlong | −0.1059% | 8h | 138.87 | long leg | $58.9M | $152.3M | 20x | |
| BloFin SOXL-USDT | −0.0009% | 8h | 138.82 | −0.036% | $1.3M | $502K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 139.03 | +0.118% | $189K | $1.6M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.70 | −0.124% | $42K | $380K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.91 | +0.029% | $158.2M | $1.57B | 50x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.90 | +0.022% | $26.2M | $244.7M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.90 | +0.022% | $29.7M | $54.9M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.85 | −0.014% | $13.1M | $56.6M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 139.50 | +0.452% | $1.9M | $5.6M | — | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 138.89 | +0.014% | $1K | $3.8M | 10x | as long as short |
BloFin SOXL-USDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXL
SunX SOXL-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SOXL-USDT | 0.0000% | 8h | 139.10 | +0.166% | $87K | $1.2M | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 138.83 | −0.029% | $2.3M | $1.2M | 10x | |
| Lighter RH SOXL | +0.0032% | 1h | 138.62 | −0.180% | $255K | $1.7M | 20x | as long as short |
| Lighter SOXL | +0.0048% | 1h | 138.67 | −0.144% | $657K | $2.6M | 20x | as long as short |
| Polymarket Perps SOXL-USD | +0.0050% | 1h | 138.80 | −0.050% | $9K | $291K | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 139.21 | +0.245% | $218K | $397K | 10x | as long as short |
| QFEX SOXL-USD | +0.0057% | 1h | 138.70 | −0.122% | $256K | $264K | 30x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.90 | +0.022% | $6.4M | $10.5M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 139.16 | +0.209% | $36K | $144K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 139.05 | +0.130% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 139.13 | +0.189% | $5K | — | 10x | as long as short |
| tradeXYZ xyz:SOXL | +0.0128% | 1h | 138.81 | −0.043% | $21.8M | $32.3M | 10x | as long as short |
| Bybit SOXLUSDT | +0.0222% | 8h | 138.90 | +0.022% | $46.1M | $226.0M | 100x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0240% | 1h | 139.21 | +0.245% | $979K | $3.3M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0327% | 1h | 138.82 | −0.036% | $110K | $386K | 10x | as long as short |
| GRVT SOXL_USDT_Perp | +0.0447% | 8h | 139.54 | +0.486% | $65K | $194K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0535% | 4h | 139.22 | +0.253% | $173K | $332K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0971% | 1h | 138.92 | +0.036% | $89K | $343K | 20x | as long as short |
HTX SOXL-USDT
Lighter RH SOXL
Lighter SOXL
Polymarket Perps SOXL-USD
Ondo Perps SOXL-USD.P
QFEX SOXL-USD
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
tradeXYZ xyz:SOXL
Bybit SOXLUSDT
Coinbase International SOXL-PERP-INTX
Deribit SOXL_USDC-PERPETUAL
GRVT SOXL_USDT_Perp
edgeX SOXLUSDC
Kraken Futures PF_SOXLUSD