Funding you earn now, next payment 07:00 UTC+0.0283%/8h= +31.0% APRpaid last 24h +0.063%
Price spread now: Polymarket Perps against Binance+0.210%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$270.269% of the position
Funding, last 6 days (all we have)+0.088%+$9 on $10k
+Price spread, last 4 days (all we have)−0.647%−$65 · spread now +0.210%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Polymarket Perps is 0.227% dearer against Binance than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.017%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.088% in total (about 5.8% 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 | Binance SOXLUSDT | 137.91 | 0 | get 0.0000% / 8h | 1h 39m | $163.5M | $1.46B | 50x |
| Short | Polymarket Perps SOXL-USD | 138.20 | 0.0283 | get 0.0035% / 1h | 39m 58s | $9K | $292K | 10x |
Binance SOXLUSDT
Polymarket Perps SOXL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $59.51
- Price spread: +0.210% → −0.017%
- $22.72
- Slippage, 4 orders
- −$8.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $55.38
- Costs to cover
- 0.269%
- Break-even
- 0.5 days
Slippage from Binance: live order book, 4 min ago; Polymarket Perps: 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 Binance live order book, 4 min ago | 0.36 bp | 5.7 bp −$6 | 6.4 bp −$64 | 20.6 bp −$2,060 | 111.7 bp −$55.8K |
| Sell Polymarket Perps live order book, 2 min ago | 2.89 bp | 8.6 bp −$9 | 9.6 bp −$96 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SOXLUSDT | −0.2450% | 8h | 138.08 | +0.123% | $59.7M | $138.7M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 137.92 | +0.010% | $203K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 137.93 | +0.012% | $35K | $316K | 10x | as long as short |
| Binance SOXLUSDTlong | 0.0000% | 8h | 137.91 | long leg | $163.5M | $1.46B | 50x | |
| Bybit SOXLUSDT | 0.0000% | 8h | 137.93 | +0.015% | $46.0M | $229.2M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 137.93 | +0.015% | $26.3M | $224.4M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 137.94 | +0.022% | $28.0M | $49.4M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 137.92 | +0.007% | $17.0M | $55.1M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.16 | +0.182% | $1.9M | $5.4M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 138.10 | +0.140% | $64K | $203K | 10x | as long as short |
Bitget SOXLUSDT
Aster SOXLUSDT
Extended SOXL-USD
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXL
GRVT SOXL_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SOXL-USDT | 0.0000% | 8h | 138.38 | +0.341% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 138.17 | +0.189% | $86K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 138.05 | +0.102% | $2.3M | $1.2M | 10x | as long as short |
| BloFin SOXL-USDT | +0.0002% | 8h | 138.18 | +0.196% | $1.3M | $465K | 50x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 138.01 | +0.073% | $688K | $2.3M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.00 | +0.065% | $268K | $1.7M | 20x | as long as short |
| QFEX SOXL-USD | +0.0046% | 1h | 138.31 | +0.290% | $255K | $266K | 30x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 137.90 | −0.007% | $21.3M | $29.9M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.02 | +0.080% | $210K | $492K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.00 | +0.065% | $6.6M | $10.9M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 137.66 | −0.181% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.06 | +0.109% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.00 | +0.068% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 138.34 | +0.312% | $943K | $3.1M | 10x | as long as short |
| Polymarket Perps SOXL-USDshort | +0.0283% | 1h | 138.20 | +0.210% | $9K | $292K | 10x | |
| edgeX SOXLUSDC | +0.0410% | 4h | 138.08 | +0.127% | $172K | $332K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0435% | 1h | 138.13 | +0.160% | $83K | $296K | 20x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0475% | 1h | 138.07 | +0.116% | $117K | $353K | 10x | as long as short |
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
BloFin SOXL-USDT
Lighter SOXL
Lighter RH SOXL
QFEX SOXL-USD
tradeXYZ xyz:SOXL
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
Kraken Futures PF_SOXLUSD
Deribit SOXL_USDC-PERPETUAL