Funding you earn now, next payment 05:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.040%
Price spread now: Phemex against Deribit+0.070%7-day average +0.027% · 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−$124as in the Price arb table
costs, in and out, $10k−$1281.284% of the position
Funding, last 4 days (all we have)−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.070%, 7d avg +0.027%
=The price spread pays, funding is against you. Phemex is 0.043% dearer against Deribit than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.027%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SOXL_USDC-PERPETUAL | 142.36 | 0.0172 | pay 0.0021% / 1h | 39m 35s | $111K | $316K | 10x |
| Short | Phemex SOXLUSDT | 142.46 | 0 | get 0.0000% / 8h | 3h 39m | $2.4M | $1.2M | 10x |
Deribit SOXL_USDC-PERPETUAL
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$36.04
- Price spread: +0.070% → +0.027%
- $4.32
- Slippage, 4 orders
- −$109.44
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$160.16
- Costs to cover
- 1.284%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 14 min ago; Phemex: live order book, 4 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, 14 min ago | 7.28 bp | 13.9 bp −$14 | 16.6 bp −$166 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.79 bp | 40.1 bp −$40 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SOXL-USDT | −0.0010% | 8h | 142.74 | +0.267% | $1.2M | $469K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 142.08 | −0.195% | $228K | $1.6M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 142.07 | −0.202% | $31K | $270K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 142.03 | −0.232% | $165.0M | $1.28B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 142.03 | −0.232% | $47.1M | $197.3M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 142.04 | −0.225% | $24.0M | $197.9M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 142.14 | −0.155% | $26.2M | $43.9M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 142.13 | −0.162% | $14.1M | $49.9M | 200x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 142.18 | −0.126% | $58.8M | $116.1M | 20x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 142.84 | +0.337% | $2.2M | $4.8M | — | as long as short |
BloFin SOXL-USDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Bitget SOXLUSDT
Variational Omni SOXLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 142.70 | +0.240% | $67K | $180K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 142.40 | +0.028% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 142.73 | +0.260% | $180K | $576K | 50x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 142.46 | +0.070% | $2.4M | $1.2M | 10x | |
| QFEX SOXL-USD | +0.0004% | 1h | 142.08 | −0.197% | $262K | $266K | 30x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 142.09 | −0.190% | $701K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 142.05 | −0.218% | $267K | $1.8M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 142.08 | −0.197% | $24.9M | $22.9M | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0050% | 1h | 142.47 | +0.075% | $87K | $286K | 20x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 143.09 | +0.513% | $200K | $487K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 142.10 | −0.183% | $6.8M | $10.1M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 143.38 | +0.716% | $37K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 142.35 | −0.007% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 142.35 | −0.005% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0120% | 1h | 142.97 | +0.428% | $759K | $2.7M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUALlong | +0.0172% | 1h | 142.36 | long leg | $111K | $316K | 10x | |
| Polymarket Perps SOXL-USD | +0.0185% | 1h | 142.59 | +0.162% | $3K | $268K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0548% | 4h | 142.90 | +0.379% | $178K | $328K | 10x | as long as short |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
QFEX SOXL-USD
Lighter SOXL
Lighter RH SOXL
tradeXYZ xyz:SOXL
Kraken Futures PF_SOXLUSD
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
edgeX SOXLUSDC