Funding you earn now, next payment 08:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.039%
Price spread now: Phemex against Coinbase International+0.322%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$1171.169% of the position
Funding, last 7 days−0.471%−$47 on $10k
+Price spread, last 4 days (all we have)−0.289%−$29 · spread now +0.322%, 7d avg +0.018%
=The price spread pays, funding is against you. Phemex is 0.303% dearer against Coinbase International than usual: you sell high and buy low (spread +0.322% now, against its 7-day average of +0.018%): +$30 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SOXL-PERP-INTX | 136.84 | 0.0208 | pay 0.0026% / 1h | 20m 32s | $1.0M | $3.1M | 10x |
| Short | Phemex SOXLUSDT | 137.28 | 0 | get 0.0000% / 8h | 7h 20m | $2.3M | $1.2M | 10x |
Coinbase International SOXL-PERP-INTX
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Coinbase International. 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
- −$43.68
- Price spread: +0.322% → +0.018%
- $30.32
- Slippage, 4 orders
- −$94.92
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$130.27
- Costs to cover
- 1.169%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Phemex: live order book, 3 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 Coinbase International live order book, 3 min ago | 1.46 bp | 7.2 bp −$7 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 3.65 bp | 46.7 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SOXLUSDT | −0.1363% | 8h | 137.46 | +0.453% | $58.1M | $149.6M | 20x | as long as short |
| Kraken Futures PF_SOXLUSD | −0.0121% | 1h | 137.15 | +0.224% | $78K | $328K | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 137.20 | +0.263% | $184K | $1.6M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 137.35 | +0.375% | $41K | $389K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 137.37 | +0.387% | $161.4M | $1.52B | 50x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 137.35 | +0.373% | $26.3M | $234.3M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 137.33 | +0.358% | $29.5M | $54.1M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 137.41 | +0.417% | $22.4M | $57.7M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 137.42 | +0.420% | $1.8M | $5.5M | — | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 137.27 | +0.314% | $1K | $3.9M | 10x | as long as short |
Bitget SOXLUSDT
Kraken Futures PF_SOXLUSD
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXL
SunX SOXL-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SOXL-USDT | 0.0000% | 8h | 137.28 | +0.322% | $86K | $1.2M | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 137.28 | +0.322% | $2.3M | $1.2M | 10x | |
| BloFin SOXL-USDT | +0.0008% | 8h | 137.29 | +0.329% | $1.3M | $495K | 50x | as long as short |
| QFEX SOXL-USD | +0.0022% | 1h | 137.38 | +0.395% | $254K | $264K | 30x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 137.30 | +0.336% | $241K | $1.7M | 20x | as long as short |
| Lighter SOXL | +0.0048% | 1h | 137.33 | +0.358% | $646K | $2.6M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 137.30 | +0.336% | $20.7M | $31.1M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0050% | 1h | 137.25 | +0.300% | $9K | $291K | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 137.53 | +0.504% | $215K | $402K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 137.09 | +0.183% | $6.3M | $10.7M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 136.46 | −0.278% | $35K | $144K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 137.23 | +0.285% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 137.18 | +0.250% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTXlong | +0.0208% | 1h | 136.84 | long leg | $1.0M | $3.1M | 10x | |
| GRVT SOXL_USDT_Perp | +0.0215% | 8h | 136.80 | −0.029% | $63K | $193K | 10x | as long as short |
| Bybit SOXLUSDT | +0.0271% | 8h | 137.39 | +0.402% | $46.6M | $224.7M | 100x | as long as short |
| edgeX SOXLUSDC | +0.0751% | 4h | 136.73 | −0.083% | $170K | $332K | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0990% | 1h | 137.23 | +0.285% | $109K | $387K | 10x | as long as short |
HTX SOXL-USDT
BloFin SOXL-USDT
QFEX SOXL-USD
Lighter RH SOXL
Lighter SOXL
tradeXYZ xyz:SOXL
Polymarket Perps SOXL-USD
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
GRVT SOXL_USDT_Perp
Bybit SOXLUSDT
edgeX SOXLUSDC
Deribit SOXL_USDC-PERPETUAL