Funding you earn now, next payment 02:00 UTC−0.0410%/8h= −44.9% APRpaid last 24h −0.068%
Price spread now: Phemex against Kraken Futures−0.043%7-day average +0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1501.496% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 3 days (all we have)+0.051%+$5 · spread now −0.043%, 7d avg +0.107%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phemex is 0.150% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.107%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.089%, 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 7 days it paid 0.089% in total (about 4.7% 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 | Kraken Futures PF_SOXLUSD | 146.44 | 0.0410 | pay 0.0051% / 1h | 59m 21s | $89K | $304K | 20x |
| Short | Phemex SOXLUSDT | 146.38 | 0 | get 0.0000% / 8h | 6h 59m | $2.5M | $1.2M | 10x |
Kraken Futures PF_SOXLUSD
Phemex SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$86.03
- Price spread: −0.043% → +0.107%
- −$14.98
- Slippage, 4 orders
- −$127.6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$250.62
- Costs to cover
- 1.496%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 8 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 Kraken Futures live order book, 8 min ago | 4.43 bp | 24.8 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 7.50 bp | 39.6 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps SOXL-USD.P | −0.0075% | 1h | 146.62 | +0.121% | $229K | $723K | 10x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 146.71 | +0.182% | $53.0M | $182.9M | 100x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 146.71 | +0.182% | $27.4M | $39.5M | 50x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 146.66 | +0.148% | $1K | $4.5M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | 0.0000% | 1h | 146.37 | −0.050% | $119K | $287K | 10x | as long as short |
| Phemex SOXLUSDTshort | 0.0000% | 8h | 146.38 | −0.043% | $2.5M | $1.2M | 10x | |
| Aster SOXLUSDT | +0.0020% | 8h | 146.58 | +0.092% | $254K | $1.6M | 50x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 146.57 | +0.087% | $816K | $2.5M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 146.61 | +0.114% | $349K | $1.8M | 20x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 146.58 | +0.094% | $26.3M | $22.2M | 10x | as long as short |
Ondo Perps SOXL-USD.P
Bybit SOXLUSDT
Gate SOXL_USDT
SunX SOXL-USDT
Deribit SOXL_USDC-PERPETUAL
Aster SOXLUSDT
Lighter SOXL
Lighter RH SOXL
tradeXYZ xyz:SOXLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SOXL-USD | +0.0070% | 1h | 146.58 | +0.094% | $271K | $271K | 30x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 146.74 | +0.203% | $7.0M | $10.4M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 146.58 | +0.094% | $38K | $142K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 146.67 | +0.155% | $1K | $5K | 20x | as long as short |
| OKX SOXL-USDT-SWAP | +0.0103% | 8h | 146.63 | +0.128% | $26.4M | $190.6M | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 146.59 | +0.099% | $6K | — | 10x | as long as short |
| HTX SOXL-USDT | +0.0183% | 8h | 146.72 | +0.189% | $185K | $624K | 50x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 146.66 | +0.148% | $943K | $2.4M | 10x | as long as short |
| Polymarket Perps SOXL-USD | +0.0206% | 1h | 146.73 | +0.196% | $5K | $266K | 10x | as long as short |
| Variational Omni SOXL | +0.0238% | 8h | 146.74 | +0.202% | $2.4M | $5.0M | — | as long as short |
| Extended SOXL-USD | +0.0272% | 1h | 146.56 | +0.082% | $25K | $273K | 10x | as long as short |
| MEXC SOXL_USDT | +0.0273% | 8h | 146.62 | +0.121% | $14.0M | $46.8M | 200x | as long as short |
| Binance SOXLUSDT | +0.0275% | 8h | 146.65 | +0.145% | $171.9M | $1.22B | 50x | as long as short |
| BloFin SOXL-USDT | +0.0297% | 8h | 146.71 | +0.182% | $1.3M | $496K | 50x | as long as short |
| Kraken Futures PF_SOXLUSDlong | +0.0410% | 1h | 146.44 | long leg | $89K | $304K | 20x | |
| Bitget SOXLUSDT | +0.0646% | 8h | 146.52 | +0.053% | $61.8M | $112.6M | 20x | as long as short |
| GRVT SOXL_USDT_Perp | +0.0738% | 8h | 146.75 | +0.208% | $72K | $164K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0851% | 4h | 146.64 | +0.134% | $183K | $323K | 10x | as long as short |
QFEX SOXL-USD
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
OKX SOXL-USDT-SWAP
Aevo SOXL-PERP
HTX SOXL-USDT
Coinbase International SOXL-PERP-INTX
Polymarket Perps SOXL-USD
Variational Omni SOXL
Extended SOXL-USD
MEXC SOXL_USDT
Binance SOXLUSDT
BloFin SOXL-USDT
Bitget SOXLUSDT
GRVT SOXL_USDT_Perp
edgeX SOXLUSDC