Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.017%
Price spread now: Phemex against BloFin−0.185%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1141.141% of the position
Funding, last 7 days−0.364%−$36 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.185%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.169% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SOXL-USDT | 140.43 | 0.0017 | pay 0.0017% / 8h | 2h 08m | $1.3M | $472K | 50x |
| Short | Phemex SOXLUSDT | 140.17 | 0 | get 0.0000% / 8h | 2h 08m | $2.3M | $1.2M | 10x |
BloFin SOXL-USDT
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$3.55
- Price spread: −0.185% → −0.016%
- −$16.89
- Slippage, 4 orders
- −$90.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$134.59
- Costs to cover
- 1.141%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Phemex: live order book, 5 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 BloFin live order book, 4 min ago | 1.07 bp | 7.1 bp −$7 | 8.0 bp −$80 | 16.3 bp −$1,626 | 50.3 bp −$25.1K |
| Sell Phemex live order book, 5 min ago | 3.94 bp | 58.1 bp −$58 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SOXLUSDT | −0.2288% | 8h | 140.35 | −0.057% | $60.4M | $135.6M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 140.32 | −0.075% | $200K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 140.23 | −0.141% | $33K | $311K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 140.33 | −0.074% | $166.3M | $1.43B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 140.33 | −0.071% | $46.9M | $225.2M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 140.32 | −0.078% | $26.7M | $223.2M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 140.34 | −0.064% | $28.1M | $49.0M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 140.29 | −0.100% | $17.0M | $54.5M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 140.25 | −0.128% | $1.9M | $5.4M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 140.30 | −0.093% | $64K | $202K | 10x | as long as short |
Bitget SOXLUSDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
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 | 140.34 | −0.064% | $2K | $4.3M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 140.34 | −0.064% | $109K | $339K | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 140.64 | +0.150% | $92K | $1.2M | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 140.17 | −0.185% | $2.3M | $1.2M | 10x | |
| BloFin SOXL-USDTlong | +0.0017% | 8h | 140.43 | long leg | $1.3M | $472K | 50x | |
| Lighter RH SOXL | +0.0032% | 1h | 140.20 | −0.164% | $271K | $1.7M | 20x | as long as short |
| Lighter SOXL | +0.0040% | 1h | 140.21 | −0.157% | $689K | $2.3M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 140.26 | −0.121% | $22.3M | $29.2M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 140.27 | −0.114% | $219K | $508K | 10x | as long as short |
| QFEX SOXL-USD | +0.0053% | 1h | 140.54 | +0.078% | $260K | $266K | 30x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 140.28 | −0.107% | $6.7M | $10.7M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 140.24 | −0.135% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 140.46 | +0.021% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 140.51 | +0.055% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0184% | 1h | 140.40 | −0.021% | $966K | $3.2M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0473% | 1h | 140.59 | +0.114% | $8K | $290K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0651% | 1h | 140.38 | −0.038% | $83K | $296K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0682% | 4h | 140.28 | −0.109% | $175K | $329K | 10x | as long as short |
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
HTX SOXL-USDT
Lighter RH SOXL
Lighter SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
QFEX SOXL-USD
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
Kraken Futures PF_SOXLUSD
edgeX SOXLUSDC