Funding arb · Price arb / Crypto

SOL

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LONGAvantis▾Kraken Futures −0.0548%SoDEX −0.0184%ApeX Omni −0.0173%Lighter RH −0.0160%Polymarket Perps −0.0132%Nado −0.0116%Lighter −0.0112%Popdex −0.0112%Bybit −0.0110%Paradex −0.0104%dYdX −0.0099%Aevo −0.0096%Binance −0.0096%MEXC −0.0095%Aster −0.0091%OKX −0.0089%Hyperliquid −0.0088%Bitget −0.0088%Gate −0.0087%N1 −0.0080%Phemex −0.0073%KuCoin −0.0073%Vest Markets −0.0072%BingX −0.0070%gTrade (Gains Network) −0.0060%Avantis −0.0058%Variational Omni −0.0052%Orderly −0.0042%Extended −0.0040%Aftermath Perps −0.0030%Backpack −0.0004%Kalshi 0.0000%Perpl 0.0000%Deribit 0.0000%Reya +0.0012%GRVT +0.0012%Hibachi +0.0016%BloFin +0.0025%RISEx +0.0058%Katana Perps +0.0100%Pacifica +0.0100%Ondo Perps +0.0100%Arcus +0.0100%Bulk +0.0100%edgeX +0.0100%StandX +0.0100%Bullet +0.0100%Bluefin +0.0100%Derive +0.0100%SunX +0.0100%HTX +0.0100%Jupiter Perps +0.0128%GMX +0.0145%Injective +0.0723%Coinbase International +0.1056%

⇄⇅

SHORTPhoenix▾Coinbase International +0.1056%Injective +0.0723%Phoenix +0.0266%Pacifica +0.0100%Ondo Perps +0.0100%Arcus +0.0100%Bulk +0.0100%edgeX +0.0100%StandX +0.0100%Bullet +0.0100%Bluefin +0.0100%Derive +0.0100%SunX +0.0100%HTX +0.0100%Katana Perps +0.0100%GMX −0.0077%RISEx +0.0058%BloFin +0.0025%Hibachi +0.0016%GRVT +0.0012%Reya +0.0012%Kalshi 0.0000%Perpl 0.0000%Deribit 0.0000%Backpack −0.0004%Aftermath Perps −0.0030%Extended −0.0040%Orderly −0.0042%Variational Omni −0.0052%Jupiter Perps +0.0056%BingX −0.0070%Vest Markets −0.0072%KuCoin −0.0073%Phemex −0.0073%N1 −0.0080%Gate −0.0087%Bitget −0.0088%Hyperliquid −0.0088%OKX −0.0089%Aster −0.0091%MEXC −0.0095%Binance −0.0096%Aevo −0.0096%dYdX −0.0099%Paradex −0.0104%Bybit −0.0110%Lighter −0.0112%Popdex −0.0112%Nado −0.0116%Polymarket Perps −0.0132%Lighter RH −0.0160%ApeX Omni −0.0173%SoDEX −0.0184%gTrade (Gains Network) +0.0231%Kraken Futures −0.0548%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AvantisSOL/USD	117.82	L −0.0058S +0.0147	get 0.0007% / 1h	2m 14s	$153K	—	25x	Long Avantis
SHORT	PhoenixSOL	118.23	+0.0266	get 0.0033% / 1h	2m 14s	$8.1M	$28.0M	25x	Short Phoenix

Price gap+0.348%60s

Funding gap+0.0324% /8h

Both sides work: funding pays +$10 a day on $10k, and the gap is 0.180% above its 7d average: +$18 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.172% in total, about +0.0082%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now+0.348%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

AvantisPhoenix

SOL on 56 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis: its slippage is not counted.
• i
  Note: Margin at max leverage$400 + $400

  Avantis 25x, Phoenix 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Avantis · 1h+$1.75

  Short Phoenix · 1h+$7.98

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$9.73Long Avantis: 24 payments, +$1.75; short Phoenix: 24 payments, +$7.98.
• !
  Watch: Prices read 60 s apart+0.348% vs +0.168%

  Part of this gap may be the market moving.
• !
  Watch: Long leg is thinner$153K vs $8.1M OI

  Avantis sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legAvantis Season 3

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legAvantis No · Phoenix No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0082%/8h × 21 periods+$17.18

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Avantis—

Fee Avantis bp × 2 orders−$9.00

Fee Phoenix bp × 2 orders−$7.00

Net, fees only · 7 days · $10k+$1.18

price spread not counted: prices read too far apart

Costs to cover0.160%Break-even6.5 days

Slippage: Avantis: no order-book sample; Phoenix: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGAvantis—————

SELL · SHORTPhoenix0.423.9 bp−$43.9 bp−$3910.7 bp−$1,074doesn’t fit

Closing costs about the same again.
Avantis: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

SOL news

posts that mention SOL, from every exchangeSearch all news →

09-30 18:57	OKX	Other	Another X Drops Club just dropped in Europe. Trade the featured tokens like SOL, ZEC, NEAR, ENA, SUI, ONDO, CT, HBAR, AVAX, and XLM for a share of 1.5M , with CT trades boosted 3×. Make this round count. @okx on X ↗
09-30 18:40	Hotstuff	Listing	SOL-PERP no longer reported ($SOL) seen by our collector
09-30 08:00	Gate	Listing	Gate Futures Meme Zone New Listing: $SI 🔹 Trading Pair: $SI / $USDT 🔹 Trading Starts: Now Open 🔹 Supports 1 – 10x Leverage, Bots and Copy Trading SI (Super Inu) is a token on the SOL chain. Trade $SI: @Gate on X ↗
09-29 20:07	Kraken Futures	Other	⏳ One week left to trade your way onto the @WilliamsRacing front wing. Up for grabs: 🤩 Your name on the FW48 in Mexico City 💰 +$10,000 in SOL Enroll → trade $1+ in @Solana ⤵️ @krakenfx on X ↗
09-29 16:03	Phoenix	Other	Using SOL as collateral on Phoenix is simple. Click Deposit, pick SOL, enter an amount. Your SOL counts as margin across every Phoenix perpetual market, including stocks and commodities. @PhoenixTrade on X ↗
09-29 11:00	Pacifica	Listing	SOL-USDC no longer reported ($SOL) seen by our collector