Funding you earn now, next payment 03:00 UTC−0.0298%/8h= −32.7% APRpaid last 24h −0.027%
Price spread now: Bybit against Deribit+0.062%7-day average +0.020% · 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−$33as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 4 days (all we have)+0.094%+$9 on $10k
+Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.062%, 7d avg +0.020%
=The price spread pays, funding is against you. Bybit is 0.042% dearer against Deribit than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.020%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 4 days funding on this pair paid +0.094%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.094% in total (about 9.0% 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 | Deribit SOXL_USDC-PERPETUAL | 145.95 | 0.0298 | pay 0.0037% / 1h | 2m 16s | $116K | $280K | 10x |
| Short | Bybit SOXLUSDT | 146.04 | 0 | get 0.0000% / 8h | 5h 02m | $52.4M | $185.4M | 100x |
Deribit SOXL_USDC-PERPETUAL
Bybit SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Deribit. 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
- −$62.67
- Price spread: +0.062% → +0.020%
- $4.15
- Slippage, 4 orders
- −$18.79
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$95.31
- Costs to cover
- 0.368%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 61 min ago; Bybit: 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 Deribit live order book, 61 min ago | 5.18 bp | 14.6 bp −$15 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.34 bp | 6.6 bp −$7 | 10.4 bp −$104 | 56.2 bp −$5,622 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SOXLUSDT | 0.0000% | 8h | 145.88 | −0.046% | $237K | $1.6M | 50x | as long as short |
| Bybit SOXLUSDTshort | 0.0000% | 8h | 146.04 | +0.062% | $52.4M | $185.4M | 100x | |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 145.98 | +0.021% | $25.1M | $195.5M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 146.00 | +0.034% | $27.4M | $43.0M | 50x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 145.95 | 0.000% | $60.5M | $112.4M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 146.13 | +0.126% | $71K | $176K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.94 | −0.007% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 145.99 | +0.027% | $184K | $573K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 146.00 | +0.034% | $2.5M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0004% | 1h | 145.85 | −0.069% | $270K | $266K | 30x | as long as short |
Aster SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
Bitget SOXLUSDT
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
QFEX SOXL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOXL | +0.0017% | 8h | 145.98 | +0.018% | $2.4M | $4.8M | — | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0018% | 1h | 145.84 | −0.077% | $88K | $304K | 20x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 145.98 | +0.021% | $739K | $2.6M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 145.94 | −0.007% | $280K | $1.9M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 145.90 | −0.034% | $25.6M | $22.9M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 145.91 | −0.027% | $208K | $550K | 10x | as long as short |
| Binance SOXLUSDT | +0.0061% | 8h | 146.02 | +0.048% | $171.0M | $1.24B | 50x | as long as short |
| MEXC SOXL_USDT | +0.0062% | 8h | 145.98 | +0.021% | $14.2M | $49.3M | 200x | as long as short |
| Extended SOXL-USD | +0.0064% | 1h | 145.91 | −0.025% | $26K | $247K | 10x | as long as short |
| BloFin SOXL-USDT | +0.0075% | 8h | 145.75 | −0.137% | $1.2M | $479K | 50x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 145.96 | +0.007% | $7.0M | $10.1M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 146.13 | +0.123% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 145.93 | −0.014% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 145.92 | −0.023% | $6K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0160% | 1h | 146.08 | +0.089% | $921K | $2.6M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0290% | 1h | 146.06 | +0.075% | $3K | $269K | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALlong | +0.0298% | 1h | 145.95 | long leg | $116K | $280K | 10x | |
| edgeX SOXLUSDC | +0.0784% | 4h | 146.02 | +0.050% | $182K | $326K | 10x | as long as short |
Variational Omni SOXL
Kraken Futures PF_SOXLUSD
Lighter SOXL
Lighter RH SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
Binance SOXLUSDT
MEXC SOXL_USDT
Extended SOXL-USD
BloFin SOXL-USDT
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
edgeX SOXLUSDC