SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.003%

Price spread now: Phoenix against Bluefin−0.100%67s7-day average — · you buy dearer than you sell

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

Long on Bluefin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.936%+$94 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.100% cheaper against Bluefin than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.936% in total) that is about 18 hours. The two prices were read 67 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	Bluefin SOL-PERP	118.91	0.0100	pay 0.0013% / 1h	37m 43s	$37K	$15K	25x
Short	Phoenix SOL	118.79	0.0154	get 0.0019% / 1h	37m 43s	$6.7M	$12.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bluefin. 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 BluefinbpFee PhoenixbpOrdersPrice spread, now −0.100%Rate

Funding earned: $11.4
Price spread: −0.100% → 0.000%: −$10.01
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$12.61
Costs to cover: 0.140%
Break-even: 14.7 days

Slippage unknown: Bluefin: no order-book sample; Phoenix: live order book, 1 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 1 min ago	0.42 bp	3.9 bp −$4	3.9 bp −$39	10.6 bp −$1,061	doesn't fit

Bluefin: 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.

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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	−0.016%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.85	−0.049%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0081%	1h	118.77	−0.115%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.72	−0.156%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0033%	1h	118.83	−0.067%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.93	+0.018%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.86	−0.042%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.86	−0.042%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.09	+0.148%	$4.9M	$26.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0042%	1h	118.74	−0.142%	$1.5M	$6.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0060%	8h	118.94	+0.025%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	118.66	−0.209%	$231.2M	$43.6M	75x	as long as short
BingX SOL-USDT	+0.0070%	8h	119.10	+0.163%	—	$371.4M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.89	−0.016%	$105K	$151K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0074%	1h	119.00	+0.078%	$26.7M	$27.7M	50x	as long as short
Gate SOL_USDT	+0.0083%	8h	119.00	+0.077%	$859.3M	$679.0M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.79	−0.098%	$123K	$606K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.07	+0.135%	$13.5M	$53.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.01	+0.087%	$2.0M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.93	+0.017%	$353K	$741K	20x	as long as short
KuCoin SOLUSDTM	+0.0098%	8h	119.06	+0.124%	$143.5M	$196.6M	75x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.10	+0.158%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.13	+0.186%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.74	−0.139%	$5.5M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.10	+0.164%	$718.0M	$412.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.02	+0.092%	$179.2M	$174.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.10	+0.158%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.08	+0.146%	$972.6M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.11	+0.173%	$823.7M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.10	+0.161%	$370.3M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	+0.144%	$233K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.18	+0.225%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.07	+0.135%	$467.9M	$1.08B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.09	+0.156%	$497.0M	$448.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.97	+0.051%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.76	−0.129%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	−0.166%	$95.3M	$397.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.74	−0.140%	$48.6M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.80	−0.092%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.86	−0.041%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.89	−0.016%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERPlong	+0.0100%	1h	118.91	long leg	$37K	$15K	25x
SunX SOL-USDT	+0.0100%	8h	118.91	+0.003%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.92	+0.009%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.89	−0.016%	$46.4M	$99.8M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.168%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.10	+0.159%	$8.6M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.97	+0.051%	$8.1M	$414.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.83	−0.066%	—	$217.2M	500x	as long as short
Phoenix SOLshort	+0.0154%	1h	118.79	−0.100%	$6.7M	$12.5M	25x
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.93	+0.018%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.18	+0.231%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.86	−0.040%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.63	−0.235%	$51.6M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.95	+0.038%	$36.1M	$89.4M	100x	as long as short