Funding you earn now, next payment 02:00 UTC−0.0413%/8h= −45.2% APRpaid last 24h −0.070%
Price spread now: Phemex against Kraken Futures−0.015%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1521.522% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.015%, 7d avg +0.105%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phemex is 0.120% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.105%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.090%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment. 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 | Kraken Futures PF_SOXLUSD | 145.21 | 0.0413 | pay 0.0052% / 1h | 13m 34s | $88K | $304K | 20x |
| Short | Phemex SOXLUSDT | 145.19 | 0 | get 0.0000% / 8h | 6h 13m | $2.5M | $1.2M | 10x |
Kraken Futures PF_SOXLUSD
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$86.76
- Price spread: −0.015% → +0.105%
- −$11.95
- Slippage, 4 orders
- −$130.2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$250.92
- Costs to cover
- 1.522%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 54 min ago; Phemex: live order book, 5 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, 54 min ago | 4.43 bp | 24.8 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.38 bp | 48.6 bp −$49 | doesn't fit | 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 | 145.22 | +0.003% | $245K | $1.6M | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 144.87 | −0.235% | $51.7M | $186.1M | 100x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 145.05 | −0.111% | $27.2M | $42.1M | 50x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 144.97 | −0.166% | $60.2M | $112.9M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 145.12 | −0.066% | $71K | $175K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.11 | −0.070% | $2K | $4.4M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 145.12 | −0.063% | $118K | $280K | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 145.12 | −0.063% | $184K | $575K | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 145.19 | −0.015% | $2.5M | $1.2M | 10x | |
| QFEX SOXL-USD | +0.0021% | 1h | 145.01 | −0.139% | $268K | $271K | 30x | as long as short |
Aster SOXLUSDT
Bybit SOXLUSDT
Gate SOXL_USDT
Bitget SOXLUSDT
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
HTX SOXL-USDT
QFEX SOXL-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SOXL | +0.0032% | 1h | 145.00 | −0.145% | $811K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 144.98 | −0.159% | $357K | $1.8M | 20x | as long as short |
| OKX SOXL-USDT-SWAP | +0.0037% | 8h | 144.79 | −0.290% | $24.6M | $192.1M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 144.97 | −0.166% | $25.4M | $22.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 145.09 | −0.083% | $207K | $642K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 145.23 | +0.013% | $6.9M | $10.4M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 145.14 | −0.049% | $38K | $142K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 145.13 | −0.056% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 145.17 | −0.028% | $6K | — | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0125% | 1h | 144.87 | −0.235% | $3K | $269K | 10x | as long as short |
| Variational Omni SOXL | +0.0127% | 8h | 145.07 | −0.099% | $2.4M | $4.9M | — | as long as short |
| Binance SOXLUSDT | +0.0159% | 8h | 144.94 | −0.185% | $169.4M | $1.24B | 50x | as long as short |
| Extended SOXL-USD | +0.0160% | 1h | 145.05 | −0.113% | $25K | $241K | 10x | as long as short |
| MEXC SOXL_USDT | +0.0163% | 8h | 145.07 | −0.097% | $15.9M | $48.8M | 200x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 145.64 | +0.295% | $806K | $2.5M | 10x | as long as short |
| Kraken Futures PF_SOXLUSDlong | +0.0413% | 1h | 145.21 | long leg | $88K | $304K | 20x | |
| edgeX SOXLUSDC | +0.0711% | 4h | 145.04 | −0.117% | $181K | $325K | 10x | as long as short |
Lighter SOXL
Lighter RH SOXL
OKX SOXL-USDT-SWAP
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Polymarket Perps SOXL-USD
Variational Omni SOXL
Binance SOXLUSDT
Extended SOXL-USD
MEXC SOXL_USDT
Coinbase International SOXL-PERP-INTX
edgeX SOXLUSDC