Funding you earn now, next payment 03:00 UTC−0.0228%/8h= −24.9% APRnext payment −$0.28 per $10,000 · paid last 24h −0.031%
Price spread now: QFEX against Deribit−0.034%7-day average −0.008% · 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−$40as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 4 days (all we have)+0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.034%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and QFEX is 0.027% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.002% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 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 | Deribit SOXL_USDC-PERPETUAL | 145.28 | 0.0232 | pay 0.0029% / 1h | 50m 48s | $117K | $285K | 10x |
| Short | QFEX SOXL-USD | 145.23 | 0.0004 | get 0.0001% / 1h | 50m 48s | $269K | $271K | 30x |
Deribit SOXL_USDC-PERPETUAL
QFEX SOXL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$47.79
- Price spread: −0.034% → −0.008%
- −$2.69
- Slippage, 4 orders
- −$19.82
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$87.3
- Costs to cover
- 0.368%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 13 min ago; QFEX: live order book, 63 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, 13 min ago | 5.18 bp | 14.6 bp −$15 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 63 min ago | 1.71 bp | 6.8 bp −$7 | 8.4 bp −$84 | doesn't fit | doesn't fit |
SOXL on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SOXLUSDT | 0.0000% | 8h | 145.27 | −0.006% | $247K | $1.5M | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 145.34 | +0.041% | $52.1M | $185.0M | 100x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 145.26 | −0.014% | $27.2M | $42.2M | 50x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 145.22 | −0.041% | $60.2M | $112.0M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 145.29 | +0.009% | $70K | $175K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.24 | −0.028% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 145.30 | +0.014% | $184K | $578K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 145.33 | +0.034% | $2.5M | $1.2M | 10x | as long as short |
| QFEX SOXL-USDshort | +0.0004% | 1h | 145.23 | −0.034% | $269K | $271K | 30x | |
| OKX SOXL-USDT-SWAP | +0.0014% | 8h | 145.30 | +0.014% | $24.7M | $192.1M | 20x | as long as short |
Aster SOXLUSDT
Bybit SOXLUSDT
Gate SOXL_USDT
Bitget SOXLUSDT
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
OKX SOXL-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOXLUSD | +0.0018% | 1h | 145.12 | −0.109% | $88K | $304K | 20x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 145.30 | +0.014% | $812K | $2.4M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 145.34 | +0.041% | $359K | $1.7M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 145.20 | −0.055% | $25.4M | $22.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 145.05 | −0.158% | $207K | $619K | 10x | as long as short |
| Variational Omni SOXL | +0.0084% | 8h | 145.23 | −0.037% | $2.4M | $4.8M | — | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 145.25 | −0.021% | $6.9M | $10.3M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 145.24 | −0.028% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 145.25 | −0.021% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 145.25 | −0.019% | $6K | — | 10x | as long as short |
| Binance SOXLUSDT | +0.0124% | 8h | 145.27 | −0.009% | $169.5M | $1.23B | 50x | as long as short |
| MEXC SOXL_USDT | +0.0126% | 8h | 145.26 | −0.014% | $15.6M | $48.7M | 200x | as long as short |
| Extended SOXL-USD | +0.0128% | 1h | 145.22 | −0.041% | $25K | $241K | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0160% | 1h | 145.41 | +0.089% | $804K | $2.5M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALlong | +0.0232% | 1h | 145.28 | long leg | $117K | $285K | 10x | |
| Polymarket Perps SOXL-USD | +0.0298% | 1h | 145.38 | +0.069% | $3K | $269K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0671% | 4h | 145.24 | −0.024% | $181K | $324K | 10x | as long as short |
Kraken Futures PF_SOXLUSD
Lighter SOXL
Lighter RH SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
Variational Omni SOXL
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Binance SOXLUSDT
MEXC SOXL_USDT
Extended SOXL-USD
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
edgeX SOXLUSDC