Funding you earn now, next payment 22:00 UTC+0.0134%/8h= +14.6% APRnext payment +$0.17 per $10,000 · paid last 24h +0.088%
Price spread now: Phoenix against Hotstuff+0.030%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 +$4 a day on $10k at the current rate, and Phoenix is 0.030% dearer against Hotstuff than usual: you sell high and buy low: +$3 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 | 119.24 | −0.0080 | get 0.0010% / 1h | 1m 11s | $845 | $8K | 25x |
| Short | Phoenix SOL | 119.28 | 0.0054 | get 0.0007% / 1h | 1m 11s | $6.6M | $13.6M | 25x |
Hotstuff SOL-PERP
Phoenix SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $28.08
- Price spread: +0.030% → 0.000%
- $3.02
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $19.1
- Costs to cover
- 0.120%
- Break-even
- 2.2 days
Slippage unknown: Hotstuff: no order-book sample; Phoenix: live order book, 3 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 Phoenix live order book, 3 min ago | 0.84 bp | 4.6 bp −$5 | 5.7 bp −$57 | 11.4 bp −$1,136 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERP | −0.0169% | 1h | 119.27 | +0.024% | $37K | $17K | 25x | as long as short |
| Hotstuff SOL-PERPlong | −0.0080% | 1h | 119.24 | long leg | $845 | $8K | 25x | |
| Vest SOL-PERP | −0.0064% | 1h | 119.20 | −0.034% | — | $723K | 20x | as long as short |
| Derive SOL-PERP | −0.0052% | 1h | 119.19 | −0.042% | $2.0M | $2.8M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 119.29 | +0.038% | $115K | — | 150x | as long as short |
| dYdX SOL-USD | −0.0001% | 1h | 119.26 | +0.016% | $4.9M | $27.2M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.30 | +0.046% | $1.2M | $20.6M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.28 | +0.027% | $177K | $4.0M | 8.3x | as long as short |
| Phoenix SOLshort | +0.0054% | 1h | 119.28 | +0.030% | $6.6M | $13.6M | 25x | |
| 01 Exchange SOLUSD | +0.0064% | 1h | 119.27 | +0.022% | $104K | $157K | 20x | as long as short |
Bluefin SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOL
01 Exchange SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0070% | 8h | 119.28 | +0.029% | $1.1M | $5.9M | 100x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.38 | +0.112% | — | $10.5M | — | as long as short |
| HTX SOL-USDT | +0.0082% | 8h | 119.23 | −0.012% | $232.1M | $45.0M | 75x | as long as short |
| Aftermath Perps SOLUSD | +0.0085% | 1h | 119.18 | −0.050% | $24K | $47K | 20x | as long as short |
| Gate SOL_USDT | +0.0087% | 8h | 119.25 | +0.005% | $870.3M | $690.6M | 100x | as long as short |
| Hibachi SOL/USDT-P | +0.0088% | 1h | 119.30 | +0.048% | $118K | $608K | 20x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.27 | +0.023% | $13.6M | $56.1M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.27 | +0.024% | $2.2M | $17.0M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.10 | −0.119% | $353K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.24 | −0.004% | $1.0M | $522K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.26 | +0.013% | $45K | $797K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.23 | −0.008% | $6.1M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.34 | +0.081% | $719.9M | $410.1M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.31 | +0.055% | $178.7M | $175.3M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.28 | +0.030% | $12.3M | $119.0M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.29 | +0.039% | $982.5M | $3.81B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.45 | +0.173% | $830.6M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.41 | +0.139% | $372.6M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.26 | +0.013% | $233K | $873K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.28 | +0.029% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.85 | −0.330% | $133.1M | $7.6M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.41 | +0.139% | $454.1M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.29 | +0.035% | $139.8M | $202.6M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.36 | +0.098% | $497.0M | $455.9M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.39 | +0.122% | $24.2M | $37.8M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.17 | −0.063% | $27.5M | $128.4M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.22 | −0.023% | $95.8M | $401.3M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.21 | −0.029% | $48.8M | $31.5M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.17 | −0.058% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.28 | +0.030% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.24 | −0.003% | $368K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.26 | +0.012% | $203K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.25 | +0.001% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.28 | +0.030% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.28 | +0.030% | $46.6M | $102.1M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.24 | −0.002% | $8.7M | $36.1M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.31 | +0.051% | $8.3M | $416.7M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0113% | 1h | 119.34 | +0.078% | $26.7M | $27.7M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.26 | +0.015% | — | $224.5M | 500x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0149% | 1h | 119.30 | +0.044% | $32.6M | $96.8M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0169% / S −0.0071% | 1h | 119.28 | +0.032% | $3.7M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0182% | 1h | 119.23 | −0.012% | $1.1M | $547K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.28 | +0.034% | $1.7M | $5.5M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.02 | −0.188% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.36 | +0.097% | $52.1M | $84.1M | 125x | as long as short |
Orderly PERP_SOL_USDC
BingX SOL-USDC
HTX SOL-USDT
Aftermath Perps SOLUSD
Gate SOL_USDT
Hibachi SOL/USDT-P
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
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Deribit SOL_USDC-PERPETUAL
Jupiter Perps SOL-PERP
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]
Reya SOLRUSDPERP
RISEx SOL/USDC
Injective SOL/USDC PERP
BloFin SOL-USDT