Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.017%
Price spread now: Phemex against BloFin−0.237%59s7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as 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−$890.888% of the position
Funding, last 7 days−0.364%−$36 on $10k
+Price spread, last 4 days (all we have)+0.250%+$25 · spread now −0.237%, 7d avg −0.016%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phemex is 0.221% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.016%). Swap the legs. The two prices were read 59 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 | BloFin SOXL-USDT | 139.03 | 0.0012 | pay 0.0012% / 8h | 57m 22s | $1.3M | $469K | 50x |
| Short | Phemex SOXLUSDT | 138.70 | 0 | get 0.0000% / 8h | 57m 22s | $2.3M | $1.2M | 10x |
BloFin SOXL-USDT
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$2.43
- Price spread: −0.237% → −0.016%
- −$22.09
- Slippage, 4 orders
- −$64.75
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$113.27
- Costs to cover
- 0.888%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Phemex: live order book, 1 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 BloFin live order book, 5 min ago | 0.36 bp | 6.4 bp −$6 | 7.2 bp −$72 | 19.2 bp −$1,917 | 49.1 bp −$24.5K |
| Sell Phemex live order book, 1 min ago | 1.80 bp | 32.9 bp −$33 | 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 | −0.2154% | 8h | 138.83 | −0.144% | $60.5M | $142.0M | 20x | as long as short |
| tradeXYZ xyz:SOXL | −0.0005% | 1h | 138.62 | −0.295% | $21.2M | $30.4M | 10x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.68 | −0.255% | $196K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.67 | −0.258% | $42K | $335K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.72 | −0.225% | $163.4M | $1.47B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 138.69 | −0.245% | $45.9M | $229.5M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.63 | −0.288% | $26.3M | $226.9M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.69 | −0.245% | $28.3M | $49.6M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.69 | −0.245% | $15.4M | $54.6M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 139.14 | +0.080% | $1.9M | $5.5M | — | as long as short |
Bitget SOXLUSDT
tradeXYZ xyz:SOXL
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 | 139.13 | +0.072% | $64K | $203K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 138.66 | −0.266% | $1K | $4.3M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 138.62 | −0.295% | $108K | $358K | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 139.16 | +0.094% | $87K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 138.70 | −0.237% | $2.3M | $1.2M | 10x | |
| BloFin SOXL-USDTlong | +0.0012% | 8h | 139.03 | long leg | $1.3M | $469K | 50x | |
| Lighter SOXL | +0.0032% | 1h | 138.69 | −0.245% | $675K | $2.4M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.67 | −0.259% | $262K | $1.7M | 20x | as long as short |
| QFEX SOXL-USD | +0.0035% | 1h | 138.69 | −0.245% | $256K | $264K | 30x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 139.03 | 0.000% | $212K | $482K | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0067% | 1h | 138.68 | −0.252% | $9K | $292K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0072% | 1h | 138.62 | −0.293% | $81K | $292K | 20x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.63 | −0.288% | $6.6M | $11.0M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 139.16 | +0.094% | $36K | $142K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.65 | −0.273% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.64 | −0.281% | $5K | — | 10x | as long as short |
| edgeX SOXLUSDC | +0.0145% | 4h | 139.08 | +0.032% | $173K | $329K | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 139.15 | +0.086% | $952K | $3.2M | 10x | as long as short |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
HTX SOXL-USDT
Lighter SOXL
Lighter RH SOXL
QFEX SOXL-USD
Ondo Perps SOXL-USD.P
Polymarket Perps SOXL-USD
Kraken Futures PF_SOXLUSD
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
edgeX SOXLUSDC
Coinbase International SOXL-PERP-INTX