Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.018%
Price spread now: Phemex against tradeXYZ0.000%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1051.054% of the position
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now 0.000%, 7d avg +0.060%
=Together, before fees−0.377%+ Points / potential airdroptradeXYZ: Active · farm board−$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.060% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SOXL | 146.00 | 0.0050 | pay 0.0006% / 1h | 59m 07s | $25.6M | $22.9M | 10x |
| Short | Phemex SOXLUSDT | 146.00 | 0 | get 0.0000% / 8h | 4h 59m | $2.5M | $1.2M | 10x |
tradeXYZ xyz:SOXL
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against tradeXYZ. 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
- −$10.5
- Price spread: 0.000% → +0.060%
- −$6.03
- Slippage, 4 orders
- −$75.41
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$121.95
- Costs to cover
- 1.054%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; Phemex: 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 tradeXYZ live order book, 10 min ago | 1.03 bp | 10.8 bp −$11 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.43 bp | 46.2 bp −$46 | doesn't fit | 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_SOXLUSD | −0.0115% | 1h | 145.92 | −0.058% | $88K | $304K | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 146.05 | +0.036% | $237K | $1.6M | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 146.06 | +0.041% | $52.4M | $185.6M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 146.02 | +0.014% | $25.1M | $195.8M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 146.02 | +0.014% | $27.4M | $42.6M | 50x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 146.02 | +0.014% | $60.6M | $112.5M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 146.10 | +0.066% | $71K | $176K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 146.01 | +0.007% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 146.09 | +0.062% | $184K | $569K | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 146.00 | 0.000% | $2.5M | $1.2M | 10x |
Kraken Futures PF_SOXLUSD
Aster SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
Bitget SOXLUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX SOXL-USD | +0.0004% | 1h | 146.09 | +0.062% | $270K | $266K | 30x | as long as short |
| Variational Omni SOXL | +0.0010% | 8h | 146.03 | +0.017% | $2.4M | $4.8M | — | as long as short |
| Lighter SOXL | +0.0032% | 1h | 146.00 | 0.000% | $739K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 145.99 | −0.007% | $277K | $1.8M | 20x | as long as short |
| BloFin SOXL-USDT | +0.0035% | 8h | 146.03 | +0.021% | $1.2M | $480K | 50x | as long as short |
| tradeXYZ xyz:SOXLlong | +0.0050% | 1h | 146.00 | long leg | $25.6M | $22.9M | 10x | |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 145.91 | −0.062% | $208K | $550K | 10x | as long as short |
| Extended SOXL-USD | +0.0056% | 1h | 145.97 | −0.019% | $26K | $247K | 10x | as long as short |
| Binance SOXLUSDT | +0.0058% | 8h | 146.04 | +0.027% | $171.0M | $1.24B | 50x | as long as short |
| MEXC SOXL_USDT | +0.0058% | 8h | 146.03 | +0.021% | $14.2M | $48.8M | 200x | as long as short |
| edgeX SOXLUSDC | +0.0078% | 4h | 146.02 | +0.015% | $182K | $327K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 146.00 | 0.000% | $7.0M | $10.1M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 146.06 | +0.041% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 146.02 | +0.014% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 146.02 | +0.015% | $6K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0152% | 1h | 146.08 | +0.055% | $921K | $2.6M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0298% | 1h | 146.03 | +0.021% | $116K | $280K | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0298% | 1h | 146.23 | +0.158% | $3K | $269K | 10x | as long as short |
QFEX SOXL-USD
Variational Omni SOXL
Lighter SOXL
Lighter RH SOXL
BloFin SOXL-USDT
Ondo Perps SOXL-USD.P
Extended SOXL-USD
Binance SOXLUSDT
MEXC SOXL_USDT
edgeX SOXLUSDC
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Deribit SOXL_USDC-PERPETUAL
Polymarket Perps SOXL-USD