Funding you earn now, next payment 06:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h −0.035%
Price spread now: KuCoin against Polymarket Perps−0.100%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$540.538% of the position
Funding, last 6 days (all we have)+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.100%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.081% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.003% in total (about 0.2% 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 | 140.58 | 0.0459 | pay 0.0057% / 1h | 7m 10s | $8K | $291K | 10x |
| Short | KuCoin SOXLUSDTM | 140.44 | 0.0100 | get 0.0100% / 8h | 2h 07m | $6.7M | $10.7M | 20x |
Polymarket Perps SOXL-USD
KuCoin SOXLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$75.43
- Price spread: −0.100% → −0.019%
- −$8.06
- Slippage, 4 orders
- −$33.82
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$137.31
- Costs to cover
- 0.538%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 40 min ago; KuCoin: live order book, 1 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, 40 min ago | 3.56 bp | 7.6 bp −$8 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 0.71 bp | 11.3 bp −$11 | 68.1 bp −$681 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SOXLUSDT | −0.2228% | 8h | 140.53 | −0.036% | $60.4M | $135.8M | 20x | as long as short |
| BloFin SOXL-USDT | −0.0027% | 8h | 140.44 | −0.100% | $1.3M | $472K | 50x | as long as short |
| Aster SOXLUSDT | 0.0000% | 8h | 140.35 | −0.164% | $200K | $1.7M | 50x | as long as short |
| Extended SOXL-USD | 0.0000% | 1h | 140.45 | −0.093% | $33K | $311K | 10x | as long as short |
| Binance SOXLUSDT | 0.0000% | 8h | 140.35 | −0.163% | $166.4M | $1.43B | 50x | as long as short |
| Bybit SOXLUSDT | 0.0000% | 8h | 140.39 | −0.135% | $46.8M | $225.6M | 100x | as long as short |
| OKX SOXL-USDT-SWAP | 0.0000% | 8h | 140.40 | −0.128% | $26.7M | $223.6M | 20x | as long as short |
| Gate SOXL_USDT | 0.0000% | 8h | 140.48 | −0.071% | $28.1M | $49.0M | 50x | as long as short |
| MEXC SOXL_USDT | 0.0000% | 8h | 140.36 | −0.156% | $16.8M | $54.6M | 200x | as long as short |
| Variational Omni SOXL | 0.0000% | 8h | 140.25 | −0.234% | $1.9M | $5.4M | — | as long as short |
Bitget SOXLUSDT
BloFin SOXL-USDT
Aster SOXLUSDT
Extended SOXL-USD
Binance SOXLUSDT
Bybit 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 | 140.30 | −0.199% | $64K | $202K | 10x | as long as short |
| SunX SOXL-USDT | 0.0000% | 8h | 140.48 | −0.071% | $1K | $4.3M | 10x | as long as short |
| HTX SOXL-USDT | 0.0000% | 8h | 140.56 | −0.014% | $93K | $1.2M | 50x | as long as short |
| Phemex SOXLUSDT | 0.0000% | 8h | 140.44 | −0.100% | $2.4M | $1.2M | 10x | as long as short |
| Lighter SOXL | +0.0032% | 1h | 140.49 | −0.064% | $690K | $2.3M | 20x | as long as short |
| Lighter RH SOXL | +0.0032% | 1h | 140.36 | −0.156% | $271K | $1.7M | 20x | as long as short |
| Deribit SOXL_USDC-PERPETUAL | +0.0035% | 1h | 140.49 | −0.064% | $109K | $339K | 10x | as long as short |
| tradeXYZ xyz:SOXL | +0.0050% | 1h | 140.39 | −0.135% | $22.2M | $29.3M | 10x | as long as short |
| Ondo Perps SOXL-USD.P | +0.0050% | 1h | 140.08 | −0.356% | $219K | $514K | 10x | as long as short |
| QFEX SOXL-USD | +0.0053% | 1h | 140.46 | −0.085% | $260K | $266K | 30x | as long as short |
| KuCoin SOXLUSDTMshort | +0.0100% | 8h | 140.44 | −0.100% | $6.7M | $10.7M | 20x | |
| ApeX Omni SOXLUSDT | +0.0100% | 1h | 140.24 | −0.242% | $36K | $141K | 50x | as long as short |
| Orderly PERP_SOXL_USDC_mythos | +0.0100% | 8h | 140.48 | −0.071% | $1K | $5K | 20x | as long as short |
| Aevo SOXL-PERP | +0.0104% | 1h | 140.46 | −0.085% | $5K | — | 10x | as long as short |
| Coinbase International SOXL-PERP-INTX | +0.0184% | 1h | 140.40 | −0.128% | $966K | $3.2M | 10x | as long as short |
| Polymarket Perps SOXL-USDlong | +0.0459% | 1h | 140.58 | long leg | $8K | $291K | 10x | |
| Kraken Futures PF_SOXLUSD | +0.0651% | 1h | 140.39 | −0.134% | $83K | $296K | 20x | as long as short |
| edgeX SOXLUSDC | +0.0682% | 4h | 140.28 | −0.216% | $175K | $329K | 10x | as long as short |
GRVT SOXL_USDT_Perp
SunX SOXL-USDT
HTX SOXL-USDT
Phemex SOXLUSDT
Lighter SOXL
Lighter RH SOXL
Deribit SOXL_USDC-PERPETUAL
tradeXYZ xyz:SOXL
Ondo Perps SOXL-USD.P
QFEX SOXL-USD
ApeX Omni SOXLUSDT
Orderly PERP_SOXL_USDC_mythos
Aevo SOXL-PERP
Coinbase International SOXL-PERP-INTX
Kraken Futures PF_SOXLUSD
edgeX SOXLUSDC