SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0153%/8h= +16.8% APRnext payment +$0.19 per $10,000 · paid last 24h +0.055%

Price spread now: Phoenix against ApeX Omni−0.286%7-day average +0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs+$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.593%+$59 on $10k

Price spread, last 7 days+0.439%+$44 · spread now −0.286%, 7d avg +0.132%

Together, before fees+1.032%+$103 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.418% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.286% now, against its 7-day average of +0.132%). If the spread goes back, that is −$42 on $10k: about 9.1 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOLUSDT	117.67	−0.0052	get 0.0006% / 1h	31m 47s	$1.5M	$6.1M	50x
Short	Phoenix SOL	117.33	0.0101	get 0.0013% / 1h	31m 47s	$6.5M	$13.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ApeX OmnibpFee PhoenixbpOrdersPrice spread, now −0.286%Rate

Funding earned: $32.14
Price spread: −0.286% → +0.132%: −$41.75
Slippage, 4 orders: −$6.46
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$33.07
Costs to cover: 0.235%
Break-even: 14.2 days

Slippage from ApeX Omni: live order book, 2 min ago; Phoenix: live order book, 2 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 ApeX Omni live order book, 2 min ago	2.13 bp	7.1 bp −$7	10.3 bp −$103	61.2 bp −$6,119	doesn't fit
Sell Phoenix live order book, 2 min ago	0.85 bp	4.6 bp −$5	5.7 bp −$57	11.6 bp −$1,159	doesn't fit

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.63	−0.028%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0072%	1h	117.75	+0.073%	—	$609K	20x	as long as short
Hibachi SOL/USDT-P	−0.0064%	1h	117.62	−0.037%	$92K	$692K	20x	as long as short
ApeX Omni SOLUSDTlong	−0.0052%	1h	117.67	long leg	$1.5M	$6.1M	50x
Derive SOL-PERP	−0.0022%	1h	117.71	+0.041%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.80	+0.114%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.83	+0.140%	$4.5M	$24.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.81	+0.120%	$1.4M	$21.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.83	+0.139%	$129K	$3.9M	8.3x	as long as short
HTX SOL-USDT	+0.0010%	8h	117.74	+0.066%	$228.9M	$45.5M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SOL/USDC	+0.0018%	1h	117.80	+0.118%	$2.0M	$4.6M	20x	as long as short
Gate SOL_USDT	+0.0026%	8h	117.75	+0.071%	$854.2M	$660.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0040%	1h	117.82	+0.128%	$26.4M	$25.5M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.73	+0.056%	$31.5M	$98.7M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.78	+0.101%	$8.0M	$410.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.76	+0.082%	—	$369.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0086%	8h	117.81	+0.122%	$1.1M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.73	+0.054%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.71	+0.037%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.86	+0.165%	$103K	$164K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.80	+0.117%	$345K	$259K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.80	+0.116%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.76	+0.080%	$63K	$856K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.83	+0.139%	$5.7M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.82	+0.131%	$719.6M	$402.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.76	+0.080%	$176.9M	$180.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.82	+0.131%	$14.4M	$131.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.75	+0.070%	$971.5M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.74	+0.063%	$820.9M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.73	+0.054%	$365.9M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.57	−0.082%	$238K	$891K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.83	+0.140%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.096%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.75	+0.071%	$428.0M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.77	+0.084%	$131.7M	$210.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.71	+0.035%	$487.2M	$442.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.75	+0.071%	$23.7M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.66	−0.008%	$24.4M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.62	−0.036%	$94.5M	$405.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.77	+0.088%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.60	−0.056%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.84	+0.148%	$359K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.81	+0.122%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.81	+0.119%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.78	+0.095%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.77	+0.088%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.74	+0.063%	$45.8M	$101.9M	50x	as long as short
Phoenix SOLshort	+0.0101%	1h	117.33	−0.286%	$6.5M	$13.5M	25x
Extended SOL-USD	+0.0104%	1h	117.71	+0.041%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.73	+0.054%	—	$227.6M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.82	+0.134%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.454%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	117.81	+0.119%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0314%	1h	117.72	+0.046%	$25K	$51K	20x	as long as short