SOXL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.1463%/8h= −160.2% APRnext payment −$14.63 per $10,000 · paid last 24h −0.208%

Price spread now: Bitget against KuCoin+0.248%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$830.835% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days−0.224%−$22 · spread now +0.248%, 7d avg −0.001%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.248% dearer against KuCoin than usual: you sell high and buy low (spread +0.248% now, against its 7-day average of −0.001%): +$25 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 14 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$14.63 per $10,000. 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	KuCoin SOXLUSDTM	137.16	0.0100	pay 0.0100% / 8h	7h 20m	$6.3M	$10.7M	20x
Short	Bitget SOXLUSDT	137.50	−0.1363	pay 0.1363% / 8h	7h 20m	$58.1M	$149.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now +0.248%Rate

Funding earned: −$307.23
Price spread: +0.248% → −0.001%: $24.85
Slippage, 4 orders: −$59.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$365.87
Costs to cover: 0.835%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Bitget: live order book, 9 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 KuCoin live order book, 8 min ago	1.11 bp	51.3 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 9 min ago	0.37 bp	8.2 bp −$8	14.2 bp −$142	25.6 bp −$2,558	42.4 bp −$21.2K

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 SOXLUSDTshort	−0.1363%	8h	137.50	+0.248%	$58.1M	$149.6M	20x
Kraken Futures PF_SOXLUSD	−0.0121%	1h	137.35	+0.140%	$78K	$328K	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	137.20	+0.029%	$184K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	137.43	+0.195%	$41K	$389K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	137.39	+0.168%	$161.4M	$1.52B	50x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	137.42	+0.190%	$26.3M	$234.5M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	137.36	+0.146%	$29.5M	$54.2M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	137.41	+0.182%	$22.4M	$57.7M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	137.42	+0.186%	$1.8M	$5.5M	—	as long as short
SunX SOXL-USDT	0.0000%	8h	137.45	+0.211%	$1K	$3.9M	10x	as long as short

Show 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	+0.087%	$86K	$1.2M	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	137.43	+0.197%	$2.3M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0008%	8h	137.29	+0.095%	$1.3M	$495K	50x	as long as short
QFEX SOXL-USD	+0.0022%	1h	137.38	+0.160%	$254K	$264K	30x	as long as short
Lighter RH SOXL	+0.0032%	1h	137.30	+0.102%	$241K	$1.7M	20x	as long as short
Lighter SOXL	+0.0048%	1h	137.33	+0.124%	$646K	$2.6M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0050%	1h	137.30	+0.102%	$20.7M	$31.1M	10x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	137.25	+0.066%	$9K	$291K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	137.53	+0.270%	$215K	$402K	10x	as long as short
KuCoin SOXLUSDTMlong	+0.0100%	8h	137.16	long leg	$6.3M	$10.7M	20x
ApeX Omni SOXLUSDT	+0.0100%	1h	136.46	−0.510%	$35K	$144K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	137.44	+0.204%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	137.35	+0.138%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0208%	1h	136.84	−0.233%	$1.0M	$3.1M	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0215%	8h	136.80	−0.263%	$63K	$193K	10x	as long as short
Bybit SOXLUSDT	+0.0271%	8h	137.47	+0.226%	$46.6M	$224.7M	100x	as long as short
edgeX SOXLUSDC	+0.0751%	4h	136.73	−0.316%	$170K	$332K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0843%	1h	137.43	+0.197%	$109K	$387K	10x	as long as short