Funding you earn now, next payment 02:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.051%
Price spread now: Phemex against Hotstuff+0.091%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phemex is 0.091% dearer against Hotstuff than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff SOL-PERP | 117.63 | −0.0080 | get 0.0010% / 1h | 31m 54s | $920 | $8K | 25x |
| Short | Phemex SOLUSDT | 117.74 | 0.0100 | get 0.0100% / 8h | 6h 31m | $45.8M | $101.9M | 50x |
Hotstuff SOL-PERP
Phemex SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Hotstuff. 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
- $37.8
- Price spread: +0.091% → 0.000%
- $9.1
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $29.9
- Costs to cover
- 0.170%
- Break-even
- 1.5 days
Slippage unknown: Hotstuff: no order-book sample; Phemex: live order book, 2 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 2 min ago | 0.43 bp | 10.4 bp −$10 | 10.6 bp −$106 | 16.5 bp −$1,649 | doesn't fit |
Hotstuff: 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 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-PERPlong | −0.0080% | 1h | 117.63 | long leg | $920 | $8K | 25x | |
| Vest SOL-PERP | −0.0072% | 1h | 117.75 | +0.101% | — | $609K | 20x | as long as short |
| Hibachi SOL/USDT-P | −0.0064% | 1h | 117.62 | −0.009% | $92K | $692K | 20x | as long as short |
| ApeX Omni SOLUSDT | −0.0052% | 1h | 117.67 | +0.028% | $1.5M | $6.1M | 50x | as long as short |
| Derive SOL-PERP | −0.0022% | 1h | 117.71 | +0.069% | $2.0M | $2.8M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 117.80 | +0.142% | $53K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 117.83 | +0.168% | $4.5M | $24.4M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 117.81 | +0.148% | $1.4M | $21.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 117.83 | +0.167% | $129K | $3.9M | 8.3x | as long as short |
| HTX SOL-USDT | +0.0010% | 8h | 117.74 | +0.094% | $228.9M | $45.5M | 75x | as long as short |
Vest SOL-PERP
Hibachi SOL/USDT-P
ApeX Omni SOLUSDT
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOL
HTX SOL-USDTShow 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 | +0.146% | $2.0M | $4.6M | 20x | as long as short |
| Gate SOL_USDT | +0.0026% | 8h | 117.79 | +0.133% | $854.5M | $659.9M | 100x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0040% | 1h | 117.82 | +0.156% | $26.4M | $25.5M | 50x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0049% | 1h | 117.73 | +0.084% | $31.5M | $98.7M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0072% | 1h | 117.78 | +0.129% | $8.0M | $410.2M | 50x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 117.73 | +0.084% | — | $10.6M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0086% | 8h | 117.81 | +0.150% | $1.1M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 117.73 | +0.083% | $13.0M | $59.7M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 117.72 | +0.078% | $2.2M | $16.8M | 25x | as long as short |
| 01 Exchange SOLUSD | +0.0096% | 1h | 117.86 | +0.193% | $103K | $164K | 20x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 117.80 | +0.145% | $345K | $259K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 117.80 | +0.144% | $1.0M | $518K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 117.76 | +0.108% | $63K | $856K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 117.83 | +0.167% | $5.7M | $41.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 117.82 | +0.159% | $719.6M | $402.0M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 117.78 | +0.125% | $177.0M | $180.7M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 117.82 | +0.159% | $14.4M | $131.0M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 117.76 | +0.104% | $971.6M | $3.82B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 117.77 | +0.120% | $821.2M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 117.76 | +0.108% | $365.9M | $1.68B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 117.57 | −0.054% | $238K | $891K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 117.83 | +0.168% | $2.0M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 117.55 | −0.068% | $134.7M | $14.2M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 117.75 | +0.099% | $428.0M | $1.11B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 117.77 | +0.112% | $131.7M | $210.3M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 117.75 | +0.104% | $487.4M | $442.2M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 117.75 | +0.099% | $23.7M | $37.6M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 117.66 | +0.020% | $24.4M | $128.8M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 117.62 | −0.008% | $94.5M | $405.5M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 117.77 | +0.116% | $48.2M | $29.7M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 117.60 | −0.028% | $1.3M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 117.84 | +0.176% | $359K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 117.81 | +0.150% | $200K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 117.81 | +0.147% | $37K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 117.78 | +0.123% | $191K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 117.77 | +0.116% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDTshort | +0.0100% | 8h | 117.74 | +0.091% | $45.8M | $101.9M | 50x | |
| Phoenix SOL | +0.0101% | 1h | 117.33 | −0.258% | $6.5M | $13.5M | 25x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 117.71 | +0.069% | $8.2M | $36.0M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0112% / S +0.0056% | 1h | 117.73 | +0.082% | — | $227.6M | 500x | as long as short |
| Reya SOLRUSDPERP | +0.0188% | 1h | 117.82 | +0.162% | $1.1M | $523K | 25x | as long as short |
| Injective SOL/USDC PERP | +0.0222% | 1h | 118.20 | +0.482% | $4K | $2K | 12x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0172% | 1h | 117.81 | +0.147% | $3.6M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0314% | 1h | 117.72 | +0.074% | $25K | $51K | 20x | as long as short |
RISEx SOL/USDC
Gate SOL_USDT
Deribit SOL_USDC-PERPETUAL
Kraken Futures PF_SOLUSD
Coinbase International SOL-PERP-INTX
BingX SOL-USDC
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
01 Exchange SOLUSD
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
Bulk 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
Phoenix SOL
Extended SOL-USD
Jupiter Perps SOL-PERP
Reya SOLRUSDPERP
Injective SOL/USDC PERP
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD