Funding you earn now, next payment 16:00 UTC+0.0233%/8h= +25.5% APRnext payment +$2.33 per $10,000 · paid last 24h +0.012%
Price spread now: Bybit against Phemex−0.416%53s7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1181.182% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)+0.464%+$46 · spread now −0.416%, 7d avg −0.001%
=Funding pays, the price is against you. Bybit is 0.415% cheaper against Phemex than usual: you would sell low and buy high (spread −0.416% now, against its 7-day average of −0.001%). If the spread goes back, that is −$41 on $10k: about 5.9 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.242% in total) that is about 12 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SOXLUSDT | 139.50 | 0 | get 0.0000% / 8h | 6h 55m | $2.3M | $1.2M | 10x |
| Short | Bybit SOXLUSDT | 138.92 | 0.0233 | get 0.0233% / 8h | 6h 55m | $46.4M | $226.1M | 100x |
Phemex SOXLUSDT
Bybit SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phemex. 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
- $48.85
- Price spread: −0.416% → −0.001%
- −$41.46
- Slippage, 4 orders
- −$95.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$110.79
- Costs to cover
- 1.182%
- Break-even
- 22.9 days
Slippage from Phemex: live order book, 3 min ago; Bybit: 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 Phemex live order book, 3 min ago | 1.44 bp | 43.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 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 | −0.1068% | 8h | 138.88 | −0.444% | $59.0M | $152.2M | 20x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 139.08 | −0.303% | $189K | $1.6M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.93 | −0.412% | $42K | $380K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 138.97 | −0.383% | $158.2M | $1.57B | 50x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 138.89 | −0.437% | $26.2M | $244.5M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.96 | −0.387% | $29.8M | $54.8M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.89 | −0.437% | $13.0M | $56.5M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 139.50 | −0.002% | $1.9M | $5.6M | — | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 138.89 | −0.437% | $1K | $3.8M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 139.69 | +0.136% | $87K | $1.2M | 50x | as long as short |
Bitget SOXLUSDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXL
SunX SOXL-USDT
HTX SOXL-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex SOXLUSDTlong | 0.0000% | 8h | 139.50 | long leg | $2.3M | $1.2M | 10x | |
| BloFin SOXL-USDT | +0.0016% | 8h | 139.35 | −0.108% | $1.3M | $503K | 50x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.95 | −0.394% | $256K | $1.7M | 20x | as long as short |
| Polymarket Perps SOXL-USD | +0.0050% | 1h | 138.81 | −0.495% | $9K | $291K | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 139.21 | −0.208% | $218K | $397K | 10x | as long as short |
| QFEX SOXL-USD | +0.0057% | 1h | 139.03 | −0.337% | $256K | $264K | 30x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 139.01 | −0.351% | $6.4M | $10.5M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 139.16 | −0.244% | $36K | $144K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 139.09 | −0.294% | $1K | $5K | 20x | as long as short |
| Lighter SOXL | +0.0104% | 1h | 139.17 | −0.237% | $654K | $2.6M | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 139.13 | −0.263% | $5K | — | 10x | as long as short |
| tradeXYZ xyz:SOXL | +0.0124% | 1h | 138.86 | −0.459% | $21.6M | $32.4M | 10x | as long as short |
| Bybit SOXLUSDTshort | +0.0233% | 8h | 138.92 | −0.416% | $46.4M | $226.1M | 100x | |
| Coinbase International SOXL-PERP-INTX | +0.0240% | 1h | 139.21 | −0.208% | $979K | $3.3M | 10x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0327% | 1h | 138.82 | −0.487% | $110K | $386K | 10x | as long as short |
| GRVT SOXL_USDT_Perp | +0.0447% | 8h | 139.54 | +0.032% | $65K | $194K | 10x | as long as short |
| edgeX SOXLUSDC | +0.0535% | 4h | 139.22 | −0.200% | $173K | $332K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0971% | 1h | 138.92 | −0.416% | $89K | $343K | 20x | as long as short |
BloFin SOXL-USDT
Lighter RH SOXL
Polymarket Perps SOXL-USD
Ondo Perps SOXL-USD.P
QFEX SOXL-USD
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Lighter SOXL
Aevo SOXL-PERP
tradeXYZ xyz:SOXL
Coinbase International SOXL-PERP-INTX
Deribit SOXL_USDC-PERPETUAL
GRVT SOXL_USDT_Perp
edgeX SOXLUSDC
Kraken Futures PF_SOXLUSD