Funding you earn now, next payment 07:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.029%
Price spread now: Phoenix against BingX+0.197%64s7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$210.207% of the position
Funding, last 7 days+0.310%+$31 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.197% dearer against BingX than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SOL-USDC | 115.97 | 0.0100 | pay 0.0100% / 8h | 24m 19s | — | $10.7M | — |
| Short | Phoenix SOL | 116.20 | 0.0130 | get 0.0016% / 1h | 24m 19s | $6.5M | $13.6M | 25x |
BingX SOL-USDC
Phoenix SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BingX. 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
- $6.39
- Price spread: +0.197% → 0.000%
- $19.66
- Slippage, 4 orders
- −$3.68
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $5.36
- Costs to cover
- 0.207%
- Break-even
- 1.1 days
Slippage from BingX: live order book, 4 min ago; Phoenix: live order book, 5 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 BingX live order book, 4 min ago | 0.34 bp | 5.3 bp −$5 | 8.4 bp −$84 | 14.5 bp −$1,452 | 36.4 bp −$18.2K |
| Sell Phoenix live order book, 5 min ago | 0.86 bp | 4.6 bp −$5 | 5.7 bp −$57 | 11.7 bp −$1,170 | doesn't fit |
SOL on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOLUSD | −0.0153% | 1h | 116.06 | +0.076% | $32.4M | $106.9M | 100x | as long as short |
| Hibachi SOL/USDT-P | −0.0120% | 1h | 116.14 | +0.143% | $99K | $673K | 20x | as long as short |
| Bybit SOLUSDT | −0.0108% | 8h | 116.01 | +0.033% | $733.0M | $1.43B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.17 | +0.166% | $1K | $8K | 25x | as long as short |
| Derive SOL-PERP | −0.0075% | 1h | 115.96 | −0.012% | $1.8M | $3.0M | 13x | as long as short |
| Injective SOL/USDC PERP | −0.0055% | 1h | 116.36 | +0.335% | $4K | $2K | 12x | as long as short |
| Vest SOL-PERP | −0.0051% | 1h | 116.03 | +0.047% | — | $756K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.11 | +0.117% | $42K | — | 150x | as long as short |
| Variational Omni SOL | 0.0000% | 8h | 116.07 | +0.088% | $24.8M | $107.5M | — | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.09 | +0.104% | $1.4M | $19.4M | 3.1x | as long as short |
Kraken Futures PF_SOLUSD
Hibachi SOL/USDT-P
Bybit SOLUSDT
Hotstuff SOL-PERP
Derive SOL-PERP
Injective SOL/USDC PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
Variational Omni SOL
Kalshi KXSOLPERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl SOL | 0.0000% | 43m | 116.02 | +0.041% | $103K | $3.5M | 8.3x | as long as short |
| dYdX SOL-USD | +0.0005% | 1h | 116.10 | +0.109% | $4.3M | $23.5M | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0012% | 1h | 116.09 | +0.101% | $26.3M | $21.6M | 50x | as long as short |
| Bitget SOLUSDT | +0.0023% | 8h | 116.00 | +0.027% | $478.5M | $456.1M | 100x | as long as short |
| SoDEX SOL-USD | +0.0045% | 1h | 116.03 | +0.050% | $6.1M | $11.0M | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.04 | +0.061% | $7.8M | $398.8M | 50x | as long as short |
| Aster SOLUSDT | +0.0049% | 8h | 116.04 | +0.059% | $176.7M | $168.5M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0056% | 1h | 116.07 | +0.085% | $98K | $180K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0071% | 8h | 116.03 | +0.052% | $1.0M | $5.9M | 100x | as long as short |
| Lighter RH SOL | +0.0072% | 1h | 116.04 | +0.056% | $2.1M | $16.7M | 25x | as long as short |
| Paradex SOL-USD-PERP | +0.0093% | 8h | 116.04 | +0.060% | $1.0M | $555K | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.06 | +0.078% | $13.1M | $60.7M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.04 | +0.057% | $350K | $256K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 116.01 | +0.033% | $64K | $912K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.03 | +0.054% | $5.4M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.12 | +0.128% | $695.8M | $407.7M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.10 | +0.111% | $15.6M | $130.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.02 | +0.041% | $959.1M | $3.87B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.02 | +0.041% | $366.3M | $1.77B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 115.99 | +0.016% | $217K | $839K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.05 | +0.067% | $921K | $8.5M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.01 | +0.033% | $843.9M | $666.6M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.02 | +0.041% | $370.5M | $1.06B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.03 | +0.047% | $129.1M | $236.0M | 75x | as long as short |
| BingX SOL-USDClong | +0.0100% | 8h | 115.97 | long leg | — | $10.7M | — | |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.07 | +0.085% | $22.8M | $35.9M | 50x | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.26 | +0.247% | $93.3M | $405.4M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.18 | +0.180% | $47.5M | $29.1M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.36 | +0.331% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.18 | +0.179% | $1.3M | $11.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.02 | +0.041% | $313K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.04 | +0.060% | $284K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 117.20 | +1.063% | $27K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.03 | +0.051% | $188K | $1.7M | 30x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 115.97 | −0.004% | $224.6M | $50.6M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.04 | +0.059% | $45.1M | $104.3M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.35 | +0.326% | $125.8M | $26.4M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 115.98 | +0.011% | $8.2M | $37.0M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.04 | +0.057% | — | $236.1M | 500x | as long as short |
| Phoenix SOLshort | +0.0130% | 1h | 116.20 | +0.197% | $6.5M | $13.6M | 25x | |
| Reya SOLRUSDPERP | +0.0196% | 1h | 116.00 | +0.023% | $1.1M | $545K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.07 | +0.085% | $52.1M | $65.3M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.11 | +0.118% | $3.5M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0465% | 1h | 116.25 | +0.240% | $25K | $57K | 20x | as long as short |
| RISEx SOL/USDC | +0.0485% | 1h | 116.10 | +0.107% | $2.1M | $4.8M | 20x | as long as short |
Perpl SOL
dYdX SOL-USD
Deribit SOL_USDC-PERPETUAL
Bitget SOLUSDT
SoDEX SOL-USD
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
01 Exchange SOLUSD
Orderly PERP_SOL_USDC
Lighter RH SOL
Paradex SOL-USD-PERP
Lighter SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Backpack SOL_USDC_PERP
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
HTX SOL-USDT
Phemex SOLUSDT
Bulk SOL-USD
Extended SOL-USD
Jupiter Perps SOL-PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
RISEx SOL/USDC