Funding you earn now, next payment 22:00 UTC+0.0046%/8h= +5.1% APRpaid last 24h −0.034%
Price spread now: Aster against Phoenix+0.020%7-day average −0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Funding, last 7 days−0.328%−$33 on $10k
+Price spread, last 7 days−0.190%−$19 · spread now +0.020%, 7d avg −0.129%
=Together, before fees−0.518%+ Points / potential airdropAster: Stage 5 · farm board−$52 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.149% dearer against Phoenix than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.129%. Mind the row above: over the last 7 days funding on this pair cost −0.328%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SOL | 119.23 | 0.0054 | pay 0.0007% / 1h | 2m 53s | $6.5M | $13.6M | 25x |
| Short | Aster SOLUSDT | 119.25 | 0.0100 | get 0.0100% / 8h | 1h 02m | $178.6M | $175.7M | 100x |
Phoenix SOL
Aster SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- $9.72
- Price spread: +0.020% → −0.129%
- $14.89
- Slippage, 4 orders
- −$3.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $6.59
- Costs to cover
- 0.180%
- Break-even
- 2.3 days
Slippage from Phoenix: live order book, 1 min ago; Aster: live order book, 6 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 Phoenix live order book, 1 min ago | 0.84 bp | 4.6 bp −$5 | 5.7 bp −$57 | 15.3 bp −$1,526 | doesn't fit |
| Sell Aster live order book, 6 min ago | 0.42 bp | 4.4 bp −$4 | 5.1 bp −$51 | 8.3 bp −$825 | 27.1 bp −$13.5K |
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 | −0.0186% | 1h | 119.18 | −0.043% | $37K | $17K | 25x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.25 | +0.013% | $845 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0064% | 1h | 119.15 | −0.071% | — | $723K | 20x | as long as short |
| Derive SOL-PERP | −0.0052% | 1h | 119.10 | −0.111% | $2.0M | $2.8M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 119.18 | −0.044% | $115K | — | 150x | as long as short |
| dYdX SOL-USD | −0.0001% | 1h | 119.28 | +0.044% | $4.9M | $27.2M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.26 | +0.024% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.20 | −0.021% | $177K | $4.0M | 8.3x | as long as short |
| Phoenix SOLlong | +0.0054% | 1h | 119.23 | long leg | $6.5M | $13.6M | 25x | |
| 01 Exchange SOLUSD | +0.0064% | 1h | 119.19 | −0.034% | $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
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 | 119.18 | −0.044% | $1.1M | $5.9M | 100x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.26 | +0.026% | — | $372.4M | — | as long as short |
| Hibachi SOL/USDT-P | +0.0080% | 1h | 119.28 | +0.043% | $118K | $608K | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0081% | 1h | 119.13 | −0.080% | $24K | $47K | 20x | as long as short |
| HTX SOL-USDT | +0.0082% | 8h | 119.10 | −0.109% | $231.8M | $45.0M | 75x | as long as short |
| Gate SOL_USDT | +0.0088% | 8h | 119.19 | −0.034% | $870.2M | $690.2M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.27 | +0.034% | $13.6M | $56.1M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.25 | +0.019% | $2.2M | $17.0M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.15 | −0.066% | $353K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.24 | +0.009% | $1.0M | $522K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.19 | −0.034% | $45K | $797K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.25 | +0.013% | $6.1M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.35 | +0.101% | $720.1M | $410.0M | 20x | as long as short |
| Aster SOLUSDTshort | +0.0100% | 8h | 119.25 | +0.020% | $178.6M | $175.7M | 100x | |
| Pacifica SOL | +0.0100% | 1h | 119.28 | +0.044% | $12.3M | $119.0M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.26 | +0.026% | $982.5M | $3.81B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.28 | +0.045% | $829.4M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.27 | +0.034% | $372.5M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.18 | −0.042% | $233K | $877K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.29 | +0.053% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.85 | −0.319% | $133.1M | $7.6M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.26 | +0.025% | $452.1M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.26 | +0.024% | $139.7M | $202.4M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.27 | +0.031% | $496.6M | $456.0M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.21 | −0.017% | $24.2M | $37.8M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.17 | −0.051% | $27.5M | $128.4M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.16 | −0.063% | $95.7M | $401.0M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.21 | −0.017% | $48.8M | $31.5M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.00 | −0.193% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.26 | +0.025% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.15 | −0.067% | $367K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.17 | −0.053% | $202K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.25 | +0.013% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.21 | −0.017% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.20 | −0.025% | $46.6M | $102.3M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.23 | +0.002% | $8.7M | $36.1M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0106% | 1h | 119.26 | +0.028% | $26.7M | $27.8M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.24 | +0.008% | $8.3M | $416.6M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.18 | −0.041% | — | $224.8M | 500x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0150% | 1h | 119.22 | −0.006% | $32.6M | $96.9M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0169% / S −0.0071% | 1h | 119.17 | −0.048% | $3.7M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0182% | 1h | 119.15 | −0.067% | $1.1M | $550K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.24 | +0.005% | $1.7M | $5.5M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.02 | −0.176% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.20 | −0.025% | $52.0M | $84.0M | 125x | as long as short |
Orderly PERP_SOL_USDC
BingX SOL-USDT
Hibachi SOL/USDT-P
Aftermath Perps SOLUSD
HTX SOL-USDT
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
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
Deribit SOL_USDC-PERPETUAL
Coinbase International SOL-PERP-INTX
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