Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h −0.030%
Price spread now: Deribit against Kraken Futures+0.051%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$840.844% of the position
Funding, last 4 days (all we have)+0.512%+$51 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.051%, 7d avg +0.076%
=Funding pays, the price is against you. Deribit is 0.025% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.076%). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.512% in total) that is about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SOXLUSD | 145.64 | −0.0116 | get 0.0014% / 1h | 33m 40s | $88K | $304K | 20x |
| Short | Deribit SOXL_USDC-PERPETUAL | 145.71 | 0 | get 0.0000% / 1h | 33m 40s | $115K | $286K | 10x |
Kraken Futures PF_SOXLUSD
Deribit SOXL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $24.3
- Price spread: +0.051% → +0.076%
- −$2.52
- Slippage, 4 orders
- −$67.41
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$62.63
- Costs to cover
- 0.844%
- Break-even
- 25.0 days
Slippage from Kraken Futures: live order book, 24 min ago; Deribit: live order book, 25 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, 24 min ago | 4.80 bp | 29.2 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 25 min ago | 7.20 bp | 10.7 bp −$11 | 12.6 bp −$126 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOXLUSDlong | −0.0116% | 1h | 145.64 | long leg | $88K | $304K | 20x | |
| Aster SOXLUSDT | 0.0000% | 8h | 145.74 | +0.069% | $233K | $1.6M | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 145.75 | +0.078% | $52.2M | $186.4M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 145.73 | +0.064% | $24.7M | $197.1M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 145.74 | +0.071% | $27.4M | $43.0M | 50x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 145.73 | +0.064% | $2.4M | $4.7M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 145.74 | +0.071% | $70K | $176K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.73 | +0.064% | $2K | $4.3M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALshort | 0.0000% | 1h | 145.71 | +0.051% | $115K | $286K | 10x | |
| HTX SOXL-USDT | 0.0000% | 8h | 145.76 | +0.085% | $184K | $569K | 50x | as long as short |
Aster SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
Variational Omni SOXL
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex SOXLUSDT | 0.0000% | 8h | 145.71 | +0.051% | $2.5M | $1.2M | 10x | as long as short |
| Bitget SOXLUSDT | +0.0001% | 8h | 145.71 | +0.051% | $60.4M | $112.9M | 20x | as long as short |
| Binance SOXLUSDT | +0.0008% | 8h | 145.73 | +0.068% | $170.8M | $1.24B | 50x | as long as short |
| Extended SOXL-USD | +0.0008% | 1h | 145.71 | +0.052% | $24K | $239K | 10x | as long as short |
| BloFin SOXL-USDT | +0.0010% | 8h | 145.74 | +0.071% | $1.2M | $479K | 50x | as long as short |
| MEXC SOXL_USDT | +0.0011% | 8h | 145.73 | +0.064% | $15.9M | $49.1M | 200x | as long as short |
| QFEX SOXL-USD | +0.0021% | 1h | 145.66 | +0.016% | $269K | $266K | 30x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 145.72 | +0.058% | $730K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 145.68 | +0.030% | $277K | $1.9M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 145.69 | +0.037% | $25.6M | $22.9M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 145.57 | −0.045% | $208K | $490K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 145.75 | +0.078% | $7.0M | $10.1M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 145.76 | +0.085% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 145.72 | +0.058% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 145.69 | +0.036% | $6K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0152% | 1h | 145.68 | +0.030% | $907K | $2.6M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0160% | 1h | 145.81 | +0.119% | $3K | $269K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0625% | 4h | 145.71 | +0.052% | $182K | $327K | 10x | as long as short |
Phemex SOXLUSDT
Bitget SOXLUSDT
Binance SOXLUSDT
Extended SOXL-USD
BloFin SOXL-USDT
MEXC SOXL_USDT
QFEX SOXL-USD
Lighter SOXL
Lighter RH SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
edgeX SOXLUSDC