SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h +0.034%

Price spread now: Phoenix against Nado−0.080%7-day average +0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$170.170% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.123%+$12 on $10k

Price spread, last 7 days+0.243%+$24 · spread now −0.080%, 7d avg +0.113%

Together, before fees+0.366%+ Points / potential airdropNado: Active · farm board+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.192% cheaper against Nado than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.113%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.123%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SOL-PERP	119.28	0.0100	pay 0.0012% / 1h	22m 56s	$6.2M	$41.6M	40x
Short	Phoenix SOL	119.18	0.0054	get 0.0007% / 1h	22m 56s	$6.5M	$13.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Nado. 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 NadobpFee PhoenixbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$9.72
Price spread: −0.080% → +0.113%: −$19.23
Slippage, 4 orders: −$3.01
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$45.96
Costs to cover: 0.170%
Break-even: never at this rate

Slippage from Nado: live order book, 1 min ago; Phoenix: live order book, 1 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 Nado live order book, 1 min ago	0.42 bp	3.9 bp −$4	4.4 bp −$44	10.5 bp −$1,055	39.1 bp −$19.5K
Sell Phoenix live order book, 1 min ago	0.84 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
Bluefin SOL-PERP	−0.0487%	1h	119.25	−0.021%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.15	−0.104%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.30	+0.019%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.23	−0.035%	—	$722K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0005% / S +0.0004%	1h	119.27	−0.006%	$106K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.25	−0.017%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.31	+0.032%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.26	−0.012%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	119.40	+0.105%	$120K	$612K	20x	as long as short
Phoenix SOLshort	+0.0054%	1h	119.18	−0.080%	$6.5M	$13.6M	25x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0066%	1h	119.29	+0.016%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.26	−0.012%	$1.1M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0071%	1h	119.31	+0.029%	$26.7M	$27.7M	50x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.30	+0.021%	$104K	$154K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.24	−0.028%	—	$374.1M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.27	−0.007%	$232.2M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0087%	8h	119.21	−0.054%	$870.7M	$684.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.25	−0.019%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.24	−0.033%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.20	−0.064%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.16	−0.096%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.22	−0.046%	$47K	$796K	20x	as long as short
Nado SOL-PERPlong	+0.0100%	1h	119.28	long leg	$6.2M	$41.6M	40x
Hyperliquid SOL	+0.0100%	1h	119.35	+0.063%	$719.0M	$416.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.27	−0.006%	$178.5M	$177.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.26	−0.012%	$12.4M	$117.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.25	−0.021%	$985.2M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.27	−0.004%	$824.9M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.22	−0.046%	$371.3M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.24	−0.029%	$234K	$885K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.31	+0.033%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.16	−0.100%	$133.7M	$8.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.24	−0.029%	$454.4M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.27	−0.005%	$140.2M	$202.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.23	−0.040%	$495.4M	$455.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.27	−0.004%	$24.1M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.27	−0.004%	$27.9M	$128.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.14	−0.109%	$95.7M	$400.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.37	+0.080%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.24	−0.029%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.35	+0.063%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.27	−0.004%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.007%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.26	−0.015%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.25	−0.021%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.27	−0.004%	$46.6M	$102.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.20	−0.065%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.30	+0.017%	$8.1M	$416.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.22	−0.044%	—	$223.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.25	−0.022%	$32.6M	$95.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0068%	1h	119.27	−0.008%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.25	−0.024%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.32	+0.035%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.088%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.26	−0.013%	$52.2M	$82.8M	125x	as long as short