Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Hyperliquid against Phemex+0.101%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.101%, 7d avg +0.050%
=Together, before fees+0.146%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.051% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SOLUSDT | 119.26 | 0.0100 | pay 0.0100% / 8h | 1h 01m | $46.6M | $102.2M | 50x |
| Short | Hyperliquid SOL | 119.38 | 0.0100 | get 0.0013% / 1h | 1m 48s | $720.1M | $410.1M | 20x |
Phemex SOLUSDT
Hyperliquid SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Phemex. 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
- $0
- Price spread: +0.101% → +0.050%
- $5.1
- Slippage, 4 orders
- −$3.33
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$19.22
- Costs to cover
- 0.243%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Hyperliquid: live order book, 12 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 Phemex live order book, 2 min ago | 0.42 bp | 7.3 bp −$7 | 9.5 bp −$95 | 16.6 bp −$1,660 | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 0.42 bp | 5.3 bp −$5 | 7.1 bp −$71 | 9.9 bp −$988 | 14.9 bp −$7,444 |
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 | −0.0178% | 1h | 119.25 | −0.007% | $37K | $17K | 25x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.27 | +0.006% | $846 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0064% | 1h | 119.20 | −0.049% | — | $723K | 20x | as long as short |
| Derive SOL-PERP | −0.0052% | 1h | 119.20 | −0.051% | $2.0M | $2.8M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 119.29 | +0.023% | $115K | — | 150x | as long as short |
| dYdX SOL-USD | −0.0001% | 1h | 119.26 | +0.003% | $4.9M | $27.2M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.28 | +0.018% | $1.2M | $20.6M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.27 | +0.007% | $177K | $4.0M | 8.3x | as long as short |
| Phoenix SOL | +0.0054% | 1h | 119.23 | −0.025% | $6.5M | $13.6M | 25x | as long as short |
| 01 Exchange SOLUSD | +0.0064% | 1h | 119.26 | 0.000% | $104K | $156K | 20x | as long as short |
Bluefin SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOL
Phoenix 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 | +0.013% | $1.1M | $5.9M | 100x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.26 | +0.001% | — | $10.5M | — | as long as short |
| Hibachi SOL/USDT-P | +0.0080% | 1h | 119.21 | −0.042% | $118K | $608K | 20x | as long as short |
| HTX SOL-USDT | +0.0082% | 8h | 119.20 | −0.047% | $232.0M | $45.0M | 75x | as long as short |
| Aftermath Perps SOLUSD | +0.0083% | 1h | 119.16 | −0.081% | $24K | $47K | 20x | as long as short |
| Gate SOL_USDT | +0.0088% | 8h | 119.25 | −0.008% | $870.4M | $690.5M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.28 | +0.014% | $13.6M | $56.1M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.24 | −0.018% | $2.2M | $17.0M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.16 | −0.080% | $353K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.24 | −0.017% | $1.0M | $522K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.25 | −0.008% | $45K | $797K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.27 | +0.008% | $6.1M | $41.6M | 40x | as long as short |
| Hyperliquid SOLshort | +0.0100% | 1h | 119.38 | +0.101% | $720.1M | $410.1M | 20x | |
| Aster SOLUSDT | +0.0100% | 8h | 119.30 | +0.032% | $178.6M | $175.6M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.28 | +0.017% | $12.3M | $119.0M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.25 | −0.011% | $982.3M | $3.80B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.27 | +0.008% | $829.3M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.23 | −0.025% | $372.6M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.18 | −0.067% | $233K | $876K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.29 | +0.024% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.85 | −0.344% | $133.1M | $7.6M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.25 | −0.008% | $453.9M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.31 | +0.039% | $139.8M | $202.5M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.28 | +0.020% | $496.7M | $455.7M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.28 | +0.017% | $24.2M | $37.8M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.17 | −0.076% | $27.5M | $128.4M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.16 | −0.088% | $95.7M | $401.0M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.21 | −0.042% | $48.8M | $31.5M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.00 | −0.218% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.20 | −0.050% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.26 | 0.000% | $369K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.27 | +0.010% | $203K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.27 | +0.005% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.27 | +0.008% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDTlong | +0.0100% | 8h | 119.26 | long leg | $46.6M | $102.2M | 50x | |
| Extended SOL-USD | +0.0104% | 1h | 119.26 | +0.001% | $8.7M | $36.1M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.30 | +0.035% | $8.3M | $416.8M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0116% | 1h | 119.33 | +0.057% | $26.7M | $27.7M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.25 | −0.010% | — | $224.8M | 500x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0149% | 1h | 119.28 | +0.016% | $32.6M | $96.8M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0169% / S −0.0071% | 1h | 119.28 | +0.020% | $3.7M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0182% | 1h | 119.24 | −0.016% | $1.1M | $549K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.28 | +0.015% | $1.7M | $5.5M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.02 | −0.201% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.20 | −0.050% | $52.0M | $84.0M | 125x | as long as short |
Orderly PERP_SOL_USDC
BingX SOL-USDC
Hibachi SOL/USDT-P
HTX SOL-USDT
Aftermath Perps SOLUSD
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
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
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