Funding you earn now, next payment 22:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h −0.034%
Price spread now: Phemex against GMX−0.018%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.117%−$12 on $10k
+Price spread, last 3 days (all we have)−0.159%−$16 · spread now −0.018%, 7d avg −0.034%
=The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SOL/USD [SOL-USDC] | 119.11 | L +0.0237% / S −0.0173% | pay 0.0030% / 1h | 34m 19s | $3.6M | — | 200x |
| Short | Phemex SOLUSDT | 119.09 | 0.0100 | get 0.0100% / 8h | 2h 34m | $46.5M | $99.9M | 50x |
GMX SOL/USD [SOL-USDC]
Phemex SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GMX. 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
- −$28.68
- Price spread: −0.018% → −0.034%
- $1.6
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$51.08
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Phemex: live order book, 5 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 GMX no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 0.42 bp | 7.5 bp −$8 | 10.9 bp −$109 | 18.3 bp −$1,828 | doesn't fit |
GMX: 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 | −0.186% | $4K | $2K | 12x | as long as short |
| Derive SOL-PERP | −0.0104% | 1h | 119.03 | −0.070% | $2.0M | $3.2M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.19 | +0.063% | $845 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0080% | 1h | 119.05 | −0.049% | — | $724K | 20x | as long as short |
| Aftermath Perps SOLUSD | −0.0016% | 1h | 118.96 | −0.124% | $24K | $47K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.12 | +0.004% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.17 | +0.049% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.16 | +0.036% | $180K | $4.0M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 119.15 | +0.033% | $26.7M | $27.7M | 50x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 119.18 | +0.061% | $4.9M | $26.9M | 20x | as long as short |
Injective SOL/USDC PERP
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
Aftermath Perps SOLUSD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Deribit SOL_USDC-PERPETUAL
dYdX SOL-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0060% | 8h | 119.13 | +0.012% | $1.1M | $5.9M | 100x | as long as short |
| HTX SOL-USDT | +0.0066% | 8h | 119.04 | −0.057% | $231.9M | $43.6M | 75x | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 119.16 | +0.041% | $104K | $152K | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0075% | 1h | 119.12 | +0.006% | $1.5M | $6.2M | 50x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.10 | −0.012% | — | $372.0M | — | as long as short |
| Hibachi SOL/USDT-P | +0.0080% | 1h | 119.00 | −0.097% | $122K | $600K | 20x | as long as short |
| Gate SOL_USDT | +0.0087% | 8h | 119.12 | +0.007% | $868.4M | $680.7M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.10 | −0.009% | $13.5M | $53.7M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.09 | −0.017% | $2.0M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.10 | −0.011% | $354K | $741K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.16 | +0.039% | $1.0M | $524K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.13 | +0.015% | $45K | $780K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.10 | −0.012% | $5.5M | $40.5M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.19 | +0.066% | $718.7M | $413.6M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.21 | +0.079% | $179.9M | $174.5M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.21 | +0.086% | $12.4M | $114.1M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.10 | −0.007% | $972.8M | $3.73B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.12 | +0.007% | $825.4M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.08 | −0.027% | $370.7M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.95 | −0.136% | $234K | $863K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.24 | +0.109% | $2.0M | $8.9M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.11 | −0.001% | $471.5M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.13 | +0.016% | $143.3M | $196.3M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.08 | −0.022% | $497.1M | $448.7M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.12 | +0.007% | $24.4M | $38.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.00 | −0.093% | $27.4M | $127.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.71 | −0.338% | $95.3M | $397.3M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.11 | −0.004% | $48.7M | $33.4M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.06 | −0.043% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.11 | −0.001% | $365K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.09 | −0.020% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.12 | +0.006% | $37K | $15K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.16 | +0.041% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.09 | −0.018% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDTshort | +0.0100% | 8h | 119.09 | −0.018% | $46.5M | $99.9M | 50x | |
| Bulk SOL-USD | +0.0100% | 1h | 118.71 | −0.338% | $133.1M | $11.8M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.07 | −0.036% | $8.6M | $36.9M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.15 | +0.031% | $8.1M | $414.7M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.15 | +0.034% | — | $216.7M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 119.03 | −0.069% | $6.7M | $12.5M | 25x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 119.19 | +0.069% | $1.6M | $6.1M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 119.09 | −0.021% | $1.1M | $557K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.03 | −0.069% | $51.8M | $86.9M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0223% | 1h | 119.11 | +0.003% | $36.0M | $89.4M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC]long | L +0.0237% / S −0.0173% | 1h | 119.11 | long leg | $3.6M | — | 200x |
Orderly PERP_SOL_USDC
HTX SOL-USDT
01 Exchange SOLUSD
ApeX Omni SOLUSDT
BingX SOL-USDT
Hibachi SOL/USDT-P
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Bulk SOL-USD
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Phoenix SOL
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
Kraken Futures PF_SOLUSD