Funding you earn now, next payment 02:00 UTC+0.0413%/8h= +45.2% APRpaid last 24h +0.070%
Price spread now: Kraken Futures against Phemex+0.015%7-day average −0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as 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 for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.120% dearer against Phemex than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.105%. Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.
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 | Phemex SOXLUSDT | 145.19 | 0 | get 0.0000% / 8h | 6h 13m | $2.5M | $1.2M | 10x |
| Short | Kraken Futures PF_SOXLUSD | 145.21 | 0.0413 | get 0.0052% / 1h | 13m 38s | $88K | $304K | 20x |
Phemex SOXLUSDT
Kraken Futures PF_SOXLUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $86.76
- Price spread: +0.015% → −0.105%
- $11.95
- Slippage, 4 orders
- −$130.2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$53.49
- Costs to cover
- 1.522%
- Break-even
- 11.3 days
Slippage from Phemex: live order book, 5 min ago; Kraken Futures: live order book, 54 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, 5 min ago | 1.38 bp | 41.0 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 54 min ago | 4.43 bp | 37.8 bp −$38 | 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 | +0.017% | $245K | $1.6M | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 144.87 | −0.220% | $51.7M | $186.1M | 100x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 145.05 | −0.096% | $27.2M | $42.1M | 50x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 144.97 | −0.152% | $60.2M | $112.9M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 145.12 | −0.052% | $71K | $175K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.11 | −0.055% | $2K | $4.4M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 145.12 | −0.048% | $118K | $280K | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 145.12 | −0.048% | $184K | $575K | 50x | as long as short |
| Phemex SOXLUSDTlong | 0.0000% | 8h | 145.19 | long leg | $2.5M | $1.2M | 10x | |
| QFEX SOXL-USD | +0.0021% | 1h | 145.01 | −0.124% | $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 | −0.131% | $811K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 144.98 | −0.145% | $357K | $1.8M | 20x | as long as short |
| OKX SOXL-USDT-SWAP | +0.0037% | 8h | 144.79 | −0.276% | $24.6M | $192.1M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 144.97 | −0.152% | $25.4M | $22.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 145.09 | −0.069% | $207K | $642K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 145.23 | +0.028% | $6.9M | $10.4M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 145.14 | −0.034% | $38K | $142K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 145.13 | −0.041% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 145.17 | −0.014% | $6K | — | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0125% | 1h | 144.87 | −0.220% | $3K | $269K | 10x | as long as short |
| Variational Omni SOXL | +0.0127% | 8h | 145.07 | −0.084% | $2.4M | $4.9M | — | as long as short |
| Binance SOXLUSDT | +0.0159% | 8h | 144.94 | −0.170% | $169.4M | $1.24B | 50x | as long as short |
| Extended SOXL-USD | +0.0160% | 1h | 145.05 | −0.098% | $25K | $241K | 10x | as long as short |
| MEXC SOXL_USDT | +0.0163% | 8h | 145.07 | −0.083% | $15.9M | $48.8M | 200x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 145.64 | +0.310% | $806K | $2.5M | 10x | as long as short |
| Kraken Futures PF_SOXLUSDshort | +0.0413% | 1h | 145.21 | +0.015% | $88K | $304K | 20x | |
| edgeX SOXLUSDC | +0.0711% | 4h | 145.04 | −0.103% | $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