Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.055%
Price spread now: Bybit against Polymarket Perps+0.086%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 6 days (all we have)−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.086%, 7d avg +0.008%
=The price spread pays, funding is against you. Bybit is 0.078% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.008%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 6 days (−0.085% in total) that is about 5.1 days.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.085% in total (about -5.6% 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 | Polymarket Perps SOXL-USD | 138.90 | 0.0220 | pay 0.0027% / 1h | 51m 15s | $8K | $291K | 10x |
| Short | Bybit SOXLUSDT | 139.02 | 0 | get 0.0000% / 8h | 1h 51m | $46.4M | $228.9M | 100x |
Polymarket Perps SOXL-USD
Bybit SOXLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket Perps. 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
- −$46.15
- Price spread: +0.086% → +0.008%
- $7.84
- Slippage, 4 orders
- −$11.06
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$68.38
- Costs to cover
- 0.301%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 56 min ago; Bybit: live order book, 3 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 Polymarket Perps live order book, 56 min ago | 3.56 bp | 7.6 bp −$8 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.72 bp | 7.0 bp −$7 | 12.0 bp −$120 | 75.4 bp −$7,542 | 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 | −0.2268% | 8h | 139.03 | +0.094% | $60.0M | $138.3M | 20x | as long as short |
| BloFin SOXL-USDT | −0.0017% | 8h | 138.95 | +0.036% | $1.3M | $467K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 138.99 | +0.063% | $198K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 138.83 | −0.049% | $33K | $311K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 139.01 | +0.079% | $164.0M | $1.45B | 50x | as long as short |
| Bybit SOXLUSDTshort | 0.0000% | 8h | 139.02 | +0.086% | $46.4M | $228.9M | 100x | |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 139.00 | +0.072% | $26.4M | $225.2M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 138.99 | +0.065% | $28.1M | $49.1M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 138.94 | +0.029% | $17.1M | $54.9M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 138.92 | +0.015% | $1.9M | $5.4M | — | as long as short |
Bitget SOXLUSDT
BloFin SOXL-USDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
OKX SOXL-USDT-SWAP
Gate SOXL_USDT
MEXC SOXL_USDT
Variational Omni SOXLShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SOXL_USDT_Perp | 0.0000% | 8h | 138.63 | −0.194% | $64K | $203K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 138.82 | −0.058% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 138.59 | −0.223% | $92K | $1.3M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 139.02 | +0.086% | $2.3M | $1.2M | 10x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 138.99 | +0.065% | $686K | $2.3M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 138.86 | −0.029% | $269K | $1.7M | 20x | as long as short |
| QFEX SOXL-USD | +0.0046% | 1h | 138.60 | −0.216% | $256K | $266K | 30x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 138.86 | −0.029% | $21.5M | $29.8M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 138.30 | −0.432% | $210K | $507K | 10x | as long as short |
| KuCoin SOXLUSDTM | +0.0100% | 8h | 138.88 | −0.014% | $6.6M | $10.9M | 20x | as long as short |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 138.52 | −0.274% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 138.79 | −0.079% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 138.85 | −0.035% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0200% | 1h | 138.84 | −0.043% | $947K | $3.2M | 10x | as long as short |
| Polymarket Perps SOXL-USDlong | +0.0220% | 1h | 138.90 | long leg | $8K | $291K | 10x | |
| Deribit SOXL_USDC-PERPETUAL | +0.0254% | 1h | 138.86 | −0.029% | $118K | $352K | 10x | as long as short |
| Kraken Futures PF_SOXLUSD | +0.0433% | 1h | 138.84 | −0.046% | $83K | $297K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0742% | 4h | 138.45 | −0.322% | $172K | $330K | 10x | as long as short |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
Lighter SOXL
Lighter RH SOXL
QFEX SOXL-USD
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
KuCoin SOXLUSDTM
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Deribit SOXL_USDC-PERPETUAL
Kraken Futures PF_SOXLUSD
edgeX SOXLUSDC