Funding you earn now, next payment 04:00 UTC+0.0309%/8h= +33.8% APRnext payment +$0.39 per $10,000 · paid last 24h +0.027%
Price spread now: Polymarket Perps against Coinbase International−0.278%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 6 days (all we have)+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.288%+$29 · spread now −0.278%, 7d avg −0.006%
=Funding pays, the price is against you. Polymarket Perps is 0.272% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.278% now, against its 7-day average of −0.006%). If the spread goes back, that is −$27 on $10k: about 2.9 days of funding at the current rate (+$9 a day). At the pace of the last 6 days (+0.019% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.019% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 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 | Coinbase International SOXL-PERP-INTX | 140.48 | 0.0120 | pay 0.0015% / 1h | 3m 02s | $892K | $2.8M | 10x |
| Short | Polymarket Perps SOXL-USD | 140.09 | 0.0429 | get 0.0054% / 1h | 3m 02s | $3K | $269K | 10x |
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $64.81
- Price spread: −0.278% → −0.006%
- −$27.18
- Slippage, 4 orders
- −$19.07
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $0.56
- Costs to cover
- 0.371%
- Break-even
- 6.9 days
Slippage from Coinbase International: live order book, 1 min ago; Polymarket Perps: live order book, 49 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, 1 min ago | 5.72 bp | 10.7 bp −$11 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 49 min ago | 3.48 bp | 8.2 bp −$8 | 9.7 bp −$97 | 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 | −0.1479% | 8h | 139.95 | −0.377% | $60.0M | $125.8M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 139.87 | −0.434% | $208K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 139.77 | −0.503% | $33K | $288K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 139.83 | −0.463% | $164.1M | $1.33B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 139.82 | −0.470% | $47.1M | $211.9M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 139.88 | −0.427% | $25.2M | $205.1M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 139.87 | −0.434% | $25.7M | $46.1M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 139.79 | −0.491% | $14.1M | $51.6M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 140.66 | +0.128% | $2.2M | $5.0M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 140.44 | −0.026% | $67K | $189K | 10x | as long as short |
Bitget SOXLUSDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit 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 | 139.86 | −0.441% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 140.00 | −0.342% | $136K | $960K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 139.91 | −0.406% | $2.4M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0004% | 1h | 140.03 | −0.320% | $259K | $266K | 30x | as long as short |
| edgeX SOXLUSDC | +0.0018% | 4h | 140.39 | −0.064% | $175K | $329K | 10x | as long as short |
| BloFin SOXL-USDT | +0.0027% | 8h | 139.89 | −0.420% | $1.2M | $469K | 50x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 139.93 | −0.392% | $686K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 139.89 | −0.420% | $260K | $1.9M | 20x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 140.54 | +0.043% | $206K | $499K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0051% | 1h | 139.83 | −0.462% | $82K | $292K | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0069% | 1h | 139.78 | −0.498% | $24.9M | $23.7M | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 139.88 | −0.427% | $6.7M | $10.4M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 140.12 | −0.256% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 139.81 | −0.477% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 139.88 | −0.426% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTXlong | +0.0120% | 1h | 140.48 | long leg | $892K | $2.8M | 10x | |
| Deribit SOXL_USDC-PERPETUAL | +0.0322% | 1h | 139.85 | −0.448% | $109K | $333K | 10x | as long as short |
| Polymarket Perps SOXL-USDshort | +0.0429% | 1h | 140.09 | −0.278% | $3K | $269K | 10x |
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USD
edgeX SOXLUSDC
BloFin SOXL-USDT
Lighter SOXL
Lighter RH SOXL
Ondo Perps SOXL-USD.P
Kraken Futures PF_SOXLUSD
tradeXYZ xyz:SOXL
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Deribit SOXL_USDC-PERPETUAL