Funding you earn now, next payment 06:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.024%
Price spread now: Bybit against Coinbase International−0.224%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.224%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.239% cheaper against Coinbase International than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SOXL-PERP-INTX | 138.34 | 0.0200 | pay 0.0025% / 1h | 40m 10s | $943K | $3.1M | 10x |
| Short | Bybit SOXLUSDT | 138.03 | 0 | get 0.0000% / 8h | 1h 40m | $46.0M | $229.1M | 100x |
Coinbase International SOXL-PERP-INTX
Bybit SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Coinbase International. 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
- −$42
- Price spread: −0.224% → +0.015%
- −$23.91
- Slippage, 4 orders
- −$11.85
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$98.76
- Costs to cover
- 0.328%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Bybit: 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 Coinbase International live order book, 4 min ago | 2.53 bp | 7.5 bp −$8 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.36 bp | 6.1 bp −$6 | 12.0 bp −$120 | 75.0 bp −$7,496 | 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 | −0.2450% | 8h | 138.32 | −0.014% | $59.8M | $138.6M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.02 | −0.233% | $203K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.06 | −0.203% | $35K | $316K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.02 | −0.231% | $163.6M | $1.46B | 50x | as long as short |
| Bybit SOXLUSDTshort | 0.0000% | 8h | 138.03 | −0.224% | $46.0M | $229.1M | 100x | |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.06 | −0.202% | $26.3M | $224.6M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.15 | −0.137% | $28.0M | $49.4M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.00 | −0.246% | $17.0M | $55.1M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.16 | −0.130% | $1.9M | $5.4M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 138.10 | −0.171% | $64K | $203K | 10x | as long as short |
Bitget SOXLUSDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXL
GRVT SOXL_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SOXL-USDT | 0.0000% | 8h | 138.38 | +0.029% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 138.17 | −0.123% | $86K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 138.05 | −0.210% | $2.3M | $1.2M | 10x | as long as short |
| BloFin SOXL-USDT | +0.0002% | 8h | 138.18 | −0.116% | $1.3M | $465K | 50x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 138.01 | −0.239% | $688K | $2.3M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.00 | −0.246% | $268K | $1.7M | 20x | as long as short |
| QFEX SOXL-USD | +0.0046% | 1h | 138.31 | −0.022% | $255K | $266K | 30x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 138.03 | −0.224% | $21.3M | $29.9M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.02 | −0.231% | $210K | $492K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.09 | −0.181% | $6.6M | $10.9M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 137.66 | −0.492% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.06 | −0.202% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.00 | −0.243% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTXlong | +0.0200% | 1h | 138.34 | long leg | $943K | $3.1M | 10x | |
| Polymarket Perps SOXL-USD | +0.0283% | 1h | 138.20 | −0.101% | $9K | $292K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0410% | 4h | 138.08 | −0.185% | $172K | $332K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0435% | 1h | 138.13 | −0.151% | $83K | $296K | 20x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0475% | 1h | 138.07 | −0.195% | $117K | $353K | 10x | as long as short |
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
BloFin SOXL-USDT
Lighter SOXL
Lighter RH SOXL
QFEX SOXL-USD
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Polymarket Perps SOXL-USD
edgeX SOXLUSDC
Kraken Futures PF_SOXLUSD
Deribit SOXL_USDC-PERPETUAL