Funding you earn now, next payment 12:00 UTC+0.0545%/8h= +59.7% APRpaid last 24h +0.030%
Price spread now: Deribit against Bybit−0.151%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 4 days (all we have)−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.151%, 7d avg −0.019%
=Funding pays, the price is against you. Deribit is 0.132% cheaper against Bybit than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of −0.019%). If the spread goes back, that is −$13 on $10k: about 19 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 4 days funding on this pair cost −0.078%, 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 4 days it paid -0.078% in total (about -6.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOXLUSDT | 138.62 | 0 | get 0.0000% / 8h | 4h 03m | $44.5M | $236.8M | 100x |
| Short | Deribit SOXL_USDC-PERPETUAL | 138.41 | 0.0545 | get 0.0068% / 1h | 3m 49s | $136K | $403K | 10x |
Bybit SOXLUSDT
Deribit SOXL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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
- $114.53
- Price spread: −0.151% → −0.019%
- −$13.2
- Slippage, 4 orders
- −$14.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $68.54
- Costs to cover
- 0.328%
- Break-even
- 2.8 days
Slippage from Bybit: live order book, 3 min ago; Deribit: live order book, 38 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 Bybit live order book, 3 min ago | 0.36 bp | 6.7 bp −$7 | 11.8 bp −$118 | 93.2 bp −$9,316 | doesn't fit |
| Sell Deribit live order book, 38 min ago | 0.36 bp | 7.4 bp −$7 | 12.9 bp −$129 | doesn't fit | doesn't fit |
SOXL on 28 exchanges
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 | −0.2734% | 1h | 138.39 | −0.168% | $88K | $377K | 20x | as long as short |
| QFEX SOXL-USD | −0.0001% | 1h | 138.22 | −0.289% | $256K | $258K | 30x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.60 | −0.017% | $204K | $1.4M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.57 | −0.038% | $39K | $438K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.64 | +0.014% | $156.1M | $1.72B | 50x | as long as short |
| Bybit SOXLUSDTlong | 0.0000% | 8h | 138.62 | long leg | $44.5M | $236.8M | 100x | |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.61 | −0.007% | $25.4M | $264.8M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.58 | −0.029% | $27.8M | $63.1M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.62 | 0.000% | $18.8M | $64.6M | 200x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 138.63 | +0.007% | $57.9M | $168.2M | 20x | as long as short |
Kraken Futures PF_SOXLUSD
QFEX SOXL-USD
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Bitget SOXLUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOXL | 0.0000% | 8h | 138.66 | +0.026% | $1.9M | $5.5M | — | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 138.51 | −0.078% | $64K | $197K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 138.56 | −0.043% | $1K | $3.5M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 138.36 | −0.188% | $84K | $1.2M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 138.44 | −0.130% | $2.3M | $1.2M | 10x | as long as short |
| BloFin SOXL-USDT | +0.0026% | 8h | 138.31 | −0.224% | $1.3M | $496K | 50x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 138.52 | −0.072% | $667K | $2.8M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.51 | −0.079% | $249K | $1.8M | 20x | as long as short |
| Polymarket Perps SOXL-USD | +0.0050% | 1h | 138.38 | −0.173% | $9K | $304K | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.22 | −0.289% | $211K | $403K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.58 | −0.029% | $6.2M | $9.9M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 138.52 | −0.072% | $36K | $145K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.46 | −0.115% | $1K | $5K | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0103% | 1h | 138.57 | −0.036% | $22.0M | $34.2M | 10x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.45 | −0.125% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0144% | 1h | 138.22 | −0.289% | $783K | $3.6M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALshort | +0.0545% | 1h | 138.41 | −0.151% | $136K | $403K | 10x | |
| edgeX SOXLUSDC | +0.0906% | 4h | 138.78 | +0.115% | $173K | $334K | 10x | as long as short |
Variational Omni SOXL
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
BloFin SOXL-USDT
Lighter SOXL
Lighter RH SOXL
Polymarket Perps SOXL-USD
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
tradeXYZ xyz:SOXL
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
edgeX SOXLUSDC