Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%
Price spread now: Bybit against Phemex+0.057%53s7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1081.076% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.057%, 7d avg +0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.056% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.001%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SOXLUSDT | 140.36 | 0 | get 0.0000% / 8h | 4h 55m | $2.3M | $1.2M | 10x |
| Short | Bybit SOXLUSDT | 140.44 | 0 | get 0.0000% / 8h | 4h 55m | $44.9M | $232.3M | 100x |
Phemex SOXLUSDT
Bybit SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phemex. 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
- $0
- Price spread: +0.057% → +0.001%
- $5.6
- Slippage, 4 orders
- −$84.63
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$102.03
- Costs to cover
- 1.076%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; Bybit: live order book, 2 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 Phemex live order book, 1 min ago | 2.14 bp | 42.4 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.35 bp | 5.9 bp −$6 | 10.0 bp −$100 | 76.7 bp −$7,674 | 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 | −0.2697% | 1h | 140.33 | −0.019% | $88K | $370K | 20x | as long as short |
| Bitget SOXLUSDT | −0.0057% | 8h | 140.47 | +0.078% | $58.3M | $163.8M | 20x | as long as short |
| BloFin SOXL-USDT | −0.0021% | 8h | 140.65 | +0.207% | $1.3M | $504K | 50x | as long as short |
| QFEX SOXL-USD | −0.0001% | 1h | 140.42 | +0.043% | $259K | $257K | 30x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 140.49 | +0.092% | $180K | $1.4M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 140.41 | +0.036% | $40K | $440K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 140.43 | +0.048% | $161.5M | $1.68B | 50x | as long as short |
| Bybit SOXLUSDTshort | 0.0000% | 8h | 140.44 | +0.057% | $44.9M | $232.3M | 100x | |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 140.43 | +0.050% | $25.2M | $261.7M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 140.42 | +0.043% | $27.7M | $60.4M | 50x | as long as short |
Kraken Futures PF_SOXLUSD
Bitget SOXLUSDT
BloFin SOXL-USDT
QFEX SOXL-USD
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SOXL_USDT | 0.0000% | 8h | 140.44 | +0.057% | $16.4M | $61.7M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 140.37 | +0.006% | $1.9M | $5.6M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 140.70 | +0.241% | $66K | $198K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 140.54 | +0.128% | $1K | $3.6M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 140.29 | −0.050% | $137K | $405K | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 140.46 | +0.071% | $87K | $1.2M | 50x | as long as short |
| Phemex SOXLUSDTlong | 0.0000% | 8h | 140.36 | long leg | $2.3M | $1.2M | 10x | |
| Lighter SOXL | +0.0032% | 1h | 140.40 | +0.028% | $673K | $2.7M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 140.38 | +0.014% | $257K | $1.7M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 140.39 | +0.021% | $22.2M | $33.5M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0050% | 1h | 140.35 | −0.007% | $9K | $296K | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 140.31 | −0.036% | $204K | $396K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 140.45 | +0.064% | $6.3M | $10.1M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 140.63 | +0.192% | $37K | $144K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 140.37 | +0.007% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 140.43 | +0.053% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0144% | 1h | 140.33 | −0.021% | $790K | $3.5M | 10x | as long as short |
| edgeX SOXLUSDC | +0.0634% | 4h | 140.59 | +0.162% | $175K | $333K | 10x | as long as short |
MEXC SOXL_USDT
Variational Omni SOXL
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
HTX SOXL-USDT
Lighter SOXL
Lighter RH SOXL
tradeXYZ xyz:SOXL
Polymarket Perps SOXL-USD
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
edgeX SOXLUSDC