SOXL funding rate explained
Right now Direxion Daily Semiconductor Bull 3X ETF (Dinari Tokenized ETF) (SOXL) perpetual futures trade on 10 exchanges we track. The highest funding is on Bybit at 0.000% per day, the lowest on Binance at -0.072%. The average across all venues is -0.033% per day, or about -11.9% a year. Negative funding means SOXL shorts are paying longs — the market is leaning short.
The gap between the highest and lowest venue is +0.072% per day. A delta-neutral position that shorts SOXL on Bybit and goes long on Binance would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live SOXL arbitrage board for the price side of the trade.
Settlement intervals differ: SOXL funding is paid every 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: SOXL arbitrage · Direxion Daily Semiconductor Bull 3X ETF (Dinari Tokenized ETF) price · funding rates for all coins.