Funding you earn now, next payment 03:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h −0.068%
Price spread now: Binance against Kraken Futures+0.023%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$720.721% of the position
Funding, last 7 days+0.368%+$37 on $10k
+Price spread, last 4 days (all we have)+0.164%+$16 · spread now +0.023%, 7d avg +0.051%
=Funding pays, the price is against you. Binance is 0.028% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.051%). If the spread goes back, that is −$3 on $10k: about 36 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.368% in total) that is about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SOXLUSD | 144.89 | 0.0018 | pay 0.0002% / 1h | 25m 17s | $88K | $304K | 20x |
| Short | Binance SOXLUSDT | 144.92 | 0.0081 | get 0.0081% / 8h | 5h 25m | $169.0M | $1.23B | 50x |
Kraken Futures PF_SOXLUSD
Binance SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $13.12
- Price spread: +0.023% → +0.051%
- −$2.82
- Slippage, 4 orders
- −$52.15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$61.85
- Costs to cover
- 0.721%
- Break-even
- 40.0 days
Slippage from Kraken Futures: live order book, 37 min ago; Binance: 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 Kraken Futures live order book, 37 min ago | 4.82 bp | 28.8 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.34 bp | 5.3 bp −$5 | 7.1 bp −$71 | 18.1 bp −$1,814 | 85.4 bp −$42.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SOXLUSDT | 0.0000% | 8h | 144.98 | +0.061% | $244K | $1.5M | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 144.93 | +0.028% | $52.0M | $184.8M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 144.88 | −0.007% | $24.7M | $191.4M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 144.93 | +0.028% | $27.2M | $42.5M | 50x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 144.92 | +0.021% | $60.1M | $111.9M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 145.02 | +0.090% | $70K | $175K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 144.96 | +0.049% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 144.91 | +0.014% | $184K | $567K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 144.87 | −0.013% | $2.5M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0004% | 1h | 144.95 | +0.042% | $268K | $271K | 30x | as long as short |
Aster SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
Bitget SOXLUSDT
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOXLUSDlong | +0.0018% | 1h | 144.89 | long leg | $88K | $304K | 20x | |
| Lighter SOXL | +0.0032% | 1h | 144.86 | −0.020% | $798K | $2.4M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 144.90 | +0.007% | $328K | $1.7M | 20x | as long as short |
| Variational Omni SOXL | +0.0042% | 8h | 145.06 | +0.114% | $2.4M | $4.8M | — | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 144.87 | −0.013% | $25.3M | $22.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 145.21 | +0.221% | $207K | $582K | 10x | as long as short |
| Extended SOXL-USD | +0.0080% | 1h | 144.91 | +0.014% | $24K | $244K | 10x | as long as short |
| Binance SOXLUSDTshort | +0.0081% | 8h | 144.92 | +0.023% | $169.0M | $1.23B | 50x | |
| MEXC SOXL_USDT | +0.0082% | 8h | 144.92 | +0.021% | $15.3M | $49.0M | 200x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 144.98 | +0.062% | $6.9M | $10.2M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 145.04 | +0.104% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 144.93 | +0.028% | $1K | $5K | 20x | as long as short |
| BloFin SOXL-USDT | +0.0103% | 8h | 144.96 | +0.049% | $1.2M | $478K | 50x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 144.92 | +0.024% | $6K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0160% | 1h | 145.03 | +0.097% | $816K | $2.4M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0164% | 1h | 144.93 | +0.028% | $115K | $279K | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0249% | 1h | 145.04 | +0.104% | $3K | $269K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0922% | 4h | 145.00 | +0.079% | $181K | $324K | 10x | as long as short |
Lighter SOXL
Lighter RH SOXL
Variational Omni SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
Extended SOXL-USD
MEXC SOXL_USDT
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
BloFin SOXL-USDT
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Deribit SOXL_USDC-PERPETUAL
Polymarket Perps SOXL-USD
edgeX SOXLUSDC