SOXL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0244%/8h= +26.8% APRnext payment +$2.44 per $10,000 · paid last 24h +0.011%

Price spread now: Bybit against OKX−0.007%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.007%, 7d avg +0.014%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.021% cheaper against OKX than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.014%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.042% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.44 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	OKX SOXL-USDT-SWAP	139.51	0	get 0.0000% / 8h	6h 56m	$26.5M	$245.3M	20x
Short	Bybit SOXLUSDT	139.50	0.0244	get 0.0244% / 8h	6h 56m	$46.7M	$225.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.007%Rate

Funding earned: $51.33
Price spread: −0.007% → +0.014%: −$2.07
Slippage, 4 orders: −$3.82
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $24.44
Costs to cover: 0.248%
Break-even: 3.7 days

Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago	0.36 bp	5.4 bp −$5	7.4 bp −$74	28.8 bp −$2,882	doesn't fit
Sell Bybit live order book, 2 min ago	0.36 bp	6.2 bp −$6	9.5 bp −$95	109.3 bp −$10.9K	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
Bitget SOXLUSDT	−0.1078%	8h	139.59	+0.057%	$59.2M	$152.0M	20x	as long as short
Aster SOXLUSDT	0.0000%	8h	139.52	+0.007%	$190K	$1.6M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	139.45	−0.042%	$42K	$380K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	139.56	+0.036%	$158.9M	$1.56B	50x	as long as short
OKX SOXL-USDT-SWAPlong	0.0000%	8h	139.51	long leg	$26.5M	$245.3M	20x
Gate SOXL_USDT	0.0000%	8h	139.51	0.000%	$29.9M	$54.7M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	139.55	+0.029%	$13.1M	$56.5M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	138.80	−0.509%	$1.9M	$5.6M	—	as long as short
SunX SOXL-USDT	0.0000%	8h	139.29	−0.158%	$1K	$3.8M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	139.11	−0.287%	$87K	$1.2M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXLUSDT	0.0000%	8h	139.37	−0.100%	$2.3M	$1.2M	10x	as long as short
BloFin SOXL-USDT	+0.0016%	8h	139.35	−0.115%	$1.3M	$503K	50x	as long as short
Lighter RH SOXL	+0.0032%	1h	139.49	−0.014%	$257K	$1.7M	20x	as long as short
Polymarket Perps SOXL-USD	+0.0050%	1h	139.19	−0.229%	$9K	$291K	10x	as long as short
Ondo Perps SOXL-USD.P	+0.0050%	1h	139.21	−0.215%	$218K	$397K	10x	as long as short
QFEX SOXL-USD	+0.0057%	1h	139.46	−0.036%	$258K	$264K	30x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	139.43	−0.057%	$6.4M	$10.5M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	138.78	−0.523%	$36K	$144K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	139.24	−0.194%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	139.25	−0.188%	$5K	—	10x	as long as short
Lighter SOXL	+0.0120%	1h	139.51	0.000%	$656K	$2.6M	20x	as long as short
tradeXYZ xyz:SOXL	+0.0144%	1h	139.50	−0.007%	$21.7M	$32.3M	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0240%	1h	139.21	−0.215%	$979K	$3.3M	10x	as long as short
Bybit SOXLUSDTshort	+0.0244%	8h	139.50	−0.007%	$46.7M	$225.8M	100x
edgeX SOXLUSDC	+0.0372%	4h	139.09	−0.301%	$173K	$331K	10x	as long as short
GRVT SOXL_USDT_Perp	+0.0396%	8h	138.77	−0.530%	$64K	$194K	10x	as long as short
Deribit SOXL_USDC-PERPETUAL	+0.0612%	1h	139.29	−0.158%	$111K	$386K	10x	as long as short
Kraken Futures PF_SOXLUSD	+0.0969%	1h	139.24	−0.192%	$88K	$342K	20x	as long as short