SOXL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0380%/8h= −41.7% APRnext payment −$0.48 per $10,000 · paid last 24h −0.046%

Price spread now: Ondo Perps against Polymarket Perps−0.142%7-day average −0.061% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.142%, 7d avg −0.061%

Together, before fees−0.251%+ Points / potential airdropOndo Perps: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Ondo Perps 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 −0.061%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.169% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.48 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	Polymarket Perps SOXL-USD	140.74	0.0431	pay 0.0054% / 1h	4m 10s	$3K	$269K	10x
Short	Ondo Perps SOXL-USD.P	140.54	0.0050	get 0.0006% / 1h	4m 10s	$206K	$499K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Polymarket PerpsbpFee Ondo PerpsbpOrdersPrice spread, now −0.142%Rate

Funding earned: −$79.88
Price spread: −0.142% → −0.061%: −$8.08
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$100.97
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 48 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 48 min ago	3.48 bp	7.5 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1460%	8h	140.71	−0.021%	$60.2M	$125.4M	20x	as long as short
BloFin SOXL-USDT	−0.0019%	8h	140.46	−0.199%	$1.2M	$471K	50x	as long as short
Aster SOXLUSDT	0.0000%	8h	140.55	−0.136%	$209K	$1.7M	50x	as long as short
Extended SOXL-USD	0.0000%	1h	140.58	−0.111%	$34K	$278K	10x	as long as short
Binance SOXLUSDT	0.0000%	8h	140.66	−0.057%	$164.7M	$1.33B	50x	as long as short
Bybit SOXLUSDT	0.0000%	8h	140.65	−0.064%	$47.4M	$211.3M	100x	as long as short
OKX SOXL-USDT-SWAP	0.0000%	8h	140.69	−0.036%	$25.4M	$206.0M	20x	as long as short
Gate SOXL_USDT	0.0000%	8h	140.61	−0.092%	$25.8M	$46.0M	50x	as long as short
MEXC SOXL_USDT	0.0000%	8h	140.62	−0.085%	$14.3M	$51.5M	200x	as long as short
Variational Omni SOXL	0.0000%	8h	140.66	−0.057%	$2.2M	$5.0M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SOXL_USDT_Perp	0.0000%	8h	140.08	−0.470%	$66K	$189K	10x	as long as short
SunX SOXL-USDT	0.0000%	8h	140.64	−0.071%	$1K	$4.3M	10x	as long as short
HTX SOXL-USDT	0.0000%	8h	140.22	−0.369%	$136K	$959K	50x	as long as short
Phemex SOXLUSDT	0.0000%	8h	140.66	−0.057%	$2.4M	$1.2M	10x	as long as short
QFEX SOXL-USD	+0.0004%	1h	140.55	−0.135%	$260K	$266K	30x	as long as short
edgeX SOXLUSDC	+0.0028%	4h	139.86	−0.627%	$174K	$328K	10x	as long as short
Lighter SOXL	+0.0032%	1h	140.63	−0.078%	$690K	$2.5M	20x	as long as short
Lighter RH SOXL	+0.0032%	1h	140.62	−0.085%	$261K	$1.9M	20x	as long as short
Ondo Perps SOXL-USD.Pshort	+0.0050%	1h	140.54	−0.142%	$206K	$499K	10x
Kraken Futures PF_SOXLUSD	+0.0051%	1h	140.50	−0.168%	$83K	$292K	20x	as long as short
tradeXYZ xyz:SOXL	+0.0071%	1h	140.57	−0.121%	$25.1M	$23.7M	10x	as long as short
KuCoin SOXLUSDTM	+0.0100%	8h	140.56	−0.128%	$6.7M	$10.4M	20x	as long as short
ApeX Omni SOXLUSDT	+0.0100%	1h	140.12	−0.441%	$36K	$141K	50x	as long as short
Orderly PERP_SOXL_USDC_mythos	+0.0100%	8h	140.57	−0.121%	$1K	$5K	20x	as long as short
Aevo SOXL-PERP	+0.0104%	1h	140.54	−0.143%	$5K	—	10x	as long as short
Coinbase International SOXL-PERP-INTX	+0.0120%	1h	140.48	−0.185%	$892K	$2.8M	10x	as long as short
Polymarket Perps SOXL-USDlong	+0.0431%	1h	140.74	long leg	$3K	$269K	10x
Deribit SOXL_USDC-PERPETUAL	+0.0462%	1h	140.52	−0.156%	$109K	$333K	10x	as long as short