Funding you earn now, next payment 08:00 UTC−0.0267%/8h= −29.3% APRnext payment −$2.67 per $10,000 · paid last 24h −0.005%
Price spread now: Phemex against Binance−0.041%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1101.096% of the position
Funding, last 7 days−0.279%−$28 on $10k
+Price spread, last 2 days (all we have)+0.072%+$7 · spread now −0.041%, 7d avg +0.034%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.075% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SOXLUSDT | 146.17 | 0.0267 | pay 0.0267% / 8h | 6h 57m | $171.4M | $1.22B | 50x |
| Short | Phemex SOXLUSDT | 146.11 | 0 | get 0.0000% / 8h | 6h 57m | $2.5M | $1.2M | 10x |
Binance SOXLUSDT
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- −$56.16
- Price spread: −0.041% → +0.034%
- −$7.55
- Slippage, 4 orders
- −$87.58
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$173.29
- Costs to cover
- 1.096%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Phemex: live order book, 1 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 Binance live order book, 2 min ago | 0.34 bp | 5.6 bp −$6 | 6.5 bp −$65 | 18.7 bp −$1,874 | 70.0 bp −$35.0K |
| Sell Phemex live order book, 1 min ago | 3.42 bp | 46.5 bp −$47 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOXLUSDT | 0.0000% | 8h | 146.20 | +0.020% | $52.7M | $183.0M | 100x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 146.20 | +0.020% | $27.5M | $39.7M | 50x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 146.13 | −0.028% | $1K | $4.5M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 146.08 | −0.062% | $119K | $287K | 10x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 146.11 | −0.041% | $2.5M | $1.2M | 10x | |
| Aster SOXLUSDT | +0.0013% | 8h | 146.29 | +0.084% | $253K | $1.6M | 50x | as long as short |
| QFEX SOXL-USD | +0.0021% | 1h | 146.21 | +0.027% | $270K | $271K | 30x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 146.22 | +0.034% | $819K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 146.27 | +0.068% | $348K | $1.8M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 146.15 | −0.014% | $26.2M | $22.3M | 10x | as long as short |
Bybit SOXLUSDT
Gate SOXL_USDT
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
Aster SOXLUSDT
QFEX SOXL-USD
Lighter SOXL
Lighter RH SOXL
tradeXYZ xyz:SOXLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 146.10 | −0.048% | $229K | $736K | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0063% | 1h | 146.30 | +0.089% | $5K | $266K | 10x | as long as short |
| OKX SOXL-USDT-SWAP | +0.0098% | 8h | 146.10 | −0.048% | $26.2M | $190.0M | 20x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 146.31 | +0.096% | $7.0M | $10.4M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 146.36 | +0.130% | $38K | $142K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 146.22 | +0.034% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 146.18 | +0.005% | $6K | — | 10x | as long as short |
| HTX SOXL-USDT | +0.0109% | 8h | 146.11 | −0.041% | $184K | $624K | 50x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 146.21 | +0.027% | $894K | $2.4M | 10x | as long as short |
| Variational Omni SOXL | +0.0238% | 8h | 146.74 | +0.389% | $2.4M | $5.0M | — | as long as short |
| BloFin SOXL-USDT | +0.0262% | 8h | 146.70 | +0.362% | $1.3M | $494K | 50x | as long as short |
| Extended SOXL-USD | +0.0264% | 1h | 146.13 | −0.029% | $25K | $273K | 10x | as long as short |
| Binance SOXLUSDTlong | +0.0267% | 8h | 146.17 | long leg | $171.4M | $1.22B | 50x | |
| MEXC SOXL_USDT | +0.0272% | 8h | 146.19 | +0.014% | $14.2M | $47.0M | 200x | as long as short |
| edgeX SOXLUSDC | +0.0293% | 4h | 146.55 | +0.258% | $183K | $321K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0410% | 1h | 146.18 | +0.008% | $89K | $304K | 20x | as long as short |
| Bitget SOXLUSDT | +0.0635% | 8h | 146.20 | +0.020% | $61.5M | $112.7M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | +0.0668% | 8h | 146.44 | +0.184% | $72K | $164K | 10x | as long as short |
Ondo Perps SOXL-USD.P
Polymarket Perps SOXL-USD
OKX SOXL-USDT-SWAP
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
HTX SOXL-USDT
Coinbase International SOXL-PERP-INTX
Variational Omni SOXL
BloFin SOXL-USDT
Extended SOXL-USD
MEXC SOXL_USDT
edgeX SOXLUSDC
Kraken Futures PF_SOXLUSD
Bitget SOXLUSDT
GRVT SOXL_USDT_Perp