Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.060%
Price spread now: Bybit against Kraken Futures+0.020%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$740.736% of the position
Funding, last 7 days+0.353%+$35 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.020%, 7d avg +0.096%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.076% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.096%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.353%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SOXLUSD | 145.09 | 0.0018 | pay 0.0002% / 1h | 23m 43s | $88K | $304K | 20x |
| Short | Bybit SOXLUSDT | 145.12 | 0 | get 0.0000% / 8h | 5h 23m | $52.1M | $184.8M | 100x |
Kraken Futures PF_SOXLUSD
Bybit SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Kraken Futures. 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
- −$3.84
- Price spread: +0.020% → +0.096%
- −$7.65
- Slippage, 4 orders
- −$52.56
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$85.05
- Costs to cover
- 0.736%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 39 min ago; Bybit: 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 Kraken Futures live order book, 39 min ago | 4.82 bp | 28.8 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.34 bp | 6.4 bp −$6 | 9.5 bp −$95 | 58.9 bp −$5,888 | 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 | 145.14 | +0.033% | $245K | $1.5M | 50x | as long as short |
| Bybit SOXLUSDTshort | 0.0000% | 8h | 145.12 | +0.020% | $52.1M | $184.8M | 100x | |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 145.05 | −0.029% | $24.7M | $191.5M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 145.10 | +0.006% | $27.2M | $42.6M | 50x | as long as short |
| Bitget SOXLUSDT | 0.0000% | 8h | 145.11 | +0.013% | $60.1M | $111.8M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 145.02 | −0.049% | $70K | $175K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 145.11 | +0.013% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 144.91 | −0.125% | $184K | $567K | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 145.11 | +0.013% | $2.5M | $1.2M | 10x | as long as short |
| QFEX SOXL-USD | +0.0004% | 1h | 144.93 | −0.111% | $268K | $271K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOXLUSDlong | +0.0018% | 1h | 145.09 | long leg | $88K | $304K | 20x | |
| Lighter SOXL | +0.0032% | 1h | 145.10 | +0.006% | $773K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 145.14 | +0.033% | $311K | $1.8M | 20x | as long as short |
| Variational Omni SOXL | +0.0042% | 8h | 145.06 | −0.025% | $2.4M | $4.8M | — | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 145.07 | −0.015% | $25.4M | $22.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 144.93 | −0.111% | $207K | $581K | 10x | as long as short |
| Binance SOXLUSDT | +0.0076% | 8h | 145.12 | +0.020% | $169.2M | $1.23B | 50x | as long as short |
| MEXC SOXL_USDT | +0.0077% | 8h | 145.12 | +0.020% | $15.3M | $49.0M | 200x | as long as short |
| Extended SOXL-USD | +0.0080% | 1h | 145.04 | −0.034% | $24K | $244K | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0095% | 1h | 145.11 | +0.013% | $115K | $280K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 145.13 | +0.026% | $6.9M | $10.2M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 145.04 | −0.036% | $38K | $143K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 145.06 | −0.022% | $1K | $5K | 20x | as long as short |
| BloFin SOXL-USDT | +0.0103% | 8h | 144.96 | −0.091% | $1.2M | $478K | 50x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 145.03 | −0.044% | $6K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0160% | 1h | 145.03 | −0.043% | $816K | $2.4M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0248% | 1h | 145.13 | +0.026% | $3K | $269K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0922% | 4h | 145.00 | −0.060% | $181K | $324K | 10x | as long as short |
Lighter SOXL
Lighter RH SOXL
Variational Omni SOXL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
Binance SOXLUSDT
MEXC SOXL_USDT
Extended SOXL-USD
Deribit SOXL_USDC-PERPETUAL
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
BloFin SOXL-USDT
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
edgeX SOXLUSDC