Funding you earn now, next payment 12:00 UTC−0.0327%/8h= −35.8% APRpaid last 24h −0.042%
Price spread now: Phemex against Deribit−0.029%7-day average +0.022% · 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−$144as in the Price arb table
costs, in and out, $10k−$1391.388% of the position
Funding, last 4 days (all we have)−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.029%, 7d avg +0.022%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Phemex is 0.051% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SOXL_USDC-PERPETUAL | 138.65 | 0.0327 | pay 0.0041% / 1h | 7m 30s | $137K | $403K | 10x |
| Short | Phemex SOXLUSDT | 138.61 | 0 | get 0.0000% / 8h | 4h 07m | $2.3M | $1.2M | 10x |
Deribit SOXL_USDC-PERPETUAL
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Deribit. 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
- −$68.74
- Price spread: −0.029% → +0.022%
- −$5.13
- Slippage, 4 orders
- −$119.79
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$212.66
- Costs to cover
- 1.388%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 34 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 Deribit live order book, 34 min ago | 0.36 bp | 11.7 bp −$12 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 4.68 bp | 62.6 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
SOXL on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOXLUSD | −0.2731% | 1h | 138.58 | −0.049% | $88K | $377K | 20x | as long as short |
| BloFin SOXL-USDT | −0.0002% | 8h | 138.80 | +0.108% | $1.3M | $497K | 50x | as long as short |
| QFEX SOXL-USD | −0.0001% | 1h | 138.54 | −0.079% | $256K | $258K | 30x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.59 | −0.046% | $204K | $1.4M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.57 | −0.061% | $39K | $443K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.59 | −0.042% | $156.3M | $1.71B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 138.61 | −0.029% | $44.5M | $237.6M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.60 | −0.036% | $25.3M | $264.5M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.58 | −0.050% | $27.7M | $62.9M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.56 | −0.065% | $19.4M | $64.2M | 200x | as long as short |
Kraken Futures PF_SOXLUSD
BloFin SOXL-USDT
QFEX SOXL-USD
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SOXLUSDT | 0.0000% | 8h | 138.58 | −0.050% | $57.8M | $168.1M | 20x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.75 | +0.070% | $1.9M | $5.6M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 138.82 | +0.122% | $65K | $198K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 138.71 | +0.043% | $2K | $3.5M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 138.64 | −0.007% | $84K | $1.2M | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 138.61 | −0.029% | $2.3M | $1.2M | 10x | |
| Lighter SOXL | +0.0032% | 1h | 138.57 | −0.058% | $669K | $2.8M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.56 | −0.065% | $246K | $1.8M | 20x | as long as short |
| Polymarket Perps SOXL-USD | +0.0050% | 1h | 138.45 | −0.144% | $9K | $304K | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.95 | +0.216% | $211K | $405K | 10x | as long as short |
| tradeXYZ xyz:SOXL | +0.0092% | 1h | 138.51 | −0.101% | $22.0M | $34.0M | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.57 | −0.058% | $6.2M | $10.0M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 138.65 | 0.000% | $36K | $145K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.68 | +0.022% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.62 | −0.018% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0144% | 1h | 138.59 | −0.043% | $776K | $3.6M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALlong | +0.0327% | 1h | 138.65 | long leg | $137K | $403K | 10x | |
| edgeX SOXLUSDC | +0.0906% | 4h | 138.78 | +0.093% | $173K | $334K | 10x | as long as short |
Bitget SOXLUSDT
Variational Omni SOXL
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Lighter SOXL
Lighter RH SOXL
Polymarket Perps SOXL-USD
Ondo Perps SOXL-USD.P
tradeXYZ xyz:SOXL
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
edgeX SOXLUSDC