Funding you earn now, next payment 07:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h +0.016%
Price spread now: Bluefin against Phoenix+0.865%67s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.885%−$88 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Bluefin is 0.865% dearer against Phoenix than usual: you sell high and buy low (spread +0.865% now, against zero (this spread has no 7-day history yet)): +$86 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.885% in total) that is about 6.8 days. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SOL | 116.20 | 0.0130 | pay 0.0016% / 1h | 23m 50s | $6.5M | $13.6M | 25x |
| Short | Bluefin SOL-PERP | 117.20 | 0.0100 | get 0.0013% / 1h | 23m 50s | $27K | $36K | 25x |
Phoenix SOL
Bluefin SOL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin 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
- −$6.39
- Price spread: +0.865% → 0.000%
- $86.49
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- $66.1
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 5 min ago; Bluefin: no order-book sample. 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 Phoenix live order book, 5 min ago | 0.86 bp | 4.6 bp −$5 | 5.7 bp −$57 | 15.4 bp −$1,536 | doesn't fit |
| Sell Bluefin no order-book sample | — | — | — | — | — |
Bluefin: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOLUSD | −0.0153% | 1h | 116.06 | −0.120% | $32.4M | $106.9M | 100x | as long as short |
| Hibachi SOL/USDT-P | −0.0120% | 1h | 116.14 | −0.053% | $99K | $673K | 20x | as long as short |
| Bybit SOLUSDT | −0.0108% | 8h | 115.99 | −0.181% | $733.1M | $1.43B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.17 | −0.030% | $1K | $8K | 25x | as long as short |
| Derive SOL-PERP | −0.0075% | 1h | 115.96 | −0.208% | $1.8M | $3.0M | 13x | as long as short |
| Injective SOL/USDC PERP | −0.0055% | 1h | 116.36 | +0.138% | $4K | $2K | 12x | as long as short |
| Vest SOL-PERP | −0.0051% | 1h | 116.03 | −0.149% | — | $756K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.04 | −0.138% | $42K | — | 150x | as long as short |
| Variational Omni SOL | 0.0000% | 8h | 116.07 | −0.109% | $24.8M | $107.5M | — | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.09 | −0.096% | $1.4M | $19.4M | 3.1x | as long as short |
Kraken Futures PF_SOLUSD
Hibachi SOL/USDT-P
Bybit SOLUSDT
Hotstuff SOL-PERP
Derive SOL-PERP
Injective SOL/USDC PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
Variational Omni SOL
Kalshi KXSOLPERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl SOL | 0.0000% | 43m | 116.02 | −0.155% | $103K | $3.5M | 8.3x | as long as short |
| dYdX SOL-USD | +0.0005% | 1h | 116.10 | −0.088% | $4.3M | $23.5M | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0012% | 1h | 116.09 | −0.096% | $26.3M | $21.6M | 50x | as long as short |
| Bitget SOLUSDT | +0.0023% | 8h | 115.97 | −0.201% | $478.4M | $456.1M | 100x | as long as short |
| SoDEX SOL-USD | +0.0045% | 1h | 116.03 | −0.146% | $6.1M | $11.0M | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.04 | −0.135% | $7.8M | $398.8M | 50x | as long as short |
| Aster SOLUSDT | +0.0049% | 8h | 115.97 | −0.198% | $176.6M | $168.5M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0056% | 1h | 116.07 | −0.112% | $98K | $180K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0071% | 8h | 116.03 | −0.145% | $1.0M | $5.9M | 100x | as long as short |
| Lighter RH SOL | +0.0072% | 1h | 115.97 | −0.199% | $2.1M | $16.8M | 25x | as long as short |
| Paradex SOL-USD-PERP | +0.0093% | 8h | 116.04 | −0.136% | $1.0M | $555K | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 115.98 | −0.188% | $13.1M | $60.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.04 | −0.139% | $350K | $256K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 116.01 | −0.164% | $64K | $912K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.03 | −0.143% | $5.4M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.09 | −0.095% | $695.3M | $407.8M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.10 | −0.086% | $15.6M | $130.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 115.97 | −0.196% | $958.7M | $3.87B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 115.99 | −0.181% | $365.6M | $1.77B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 115.99 | −0.181% | $217K | $839K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.05 | −0.129% | $921K | $8.5M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 115.99 | −0.181% | $843.5M | $666.8M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.00 | −0.172% | $371.2M | $1.06B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.00 | −0.172% | $129.1M | $236.0M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 115.95 | −0.216% | — | $10.7M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.02 | −0.155% | $22.8M | $35.9M | 50x | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.26 | +0.050% | $93.3M | $405.4M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.18 | −0.017% | $47.5M | $29.1M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.36 | +0.134% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.18 | −0.017% | $1.3M | $11.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.02 | −0.155% | $313K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.04 | −0.136% | $284K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERPshort | +0.0100% | 1h | 117.20 | +0.865% | $27K | $36K | 25x | |
| SunX SOL-USDT | +0.0100% | 8h | 116.03 | −0.145% | $188K | $1.7M | 30x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 115.99 | −0.183% | $224.6M | $50.6M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.03 | −0.146% | $45.1M | $104.3M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.35 | +0.129% | $125.8M | $26.4M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 115.95 | −0.211% | $8.2M | $37.0M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.04 | −0.140% | — | $236.1M | 500x | as long as short |
| Phoenix SOLlong | +0.0130% | 1h | 116.20 | long leg | $6.5M | $13.6M | 25x | |
| Reya SOLRUSDPERP | +0.0196% | 1h | 116.00 | −0.173% | $1.1M | $545K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.07 | −0.112% | $52.1M | $65.3M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.04 | −0.139% | $3.5M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0465% | 1h | 116.25 | +0.043% | $25K | $57K | 20x | as long as short |
| RISEx SOL/USDC | +0.0485% | 1h | 116.10 | −0.089% | $2.1M | $4.8M | 20x | as long as short |
Perpl SOL
dYdX SOL-USD
Deribit SOL_USDC-PERPETUAL
Bitget SOLUSDT
SoDEX SOL-USD
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
01 Exchange SOLUSD
Orderly PERP_SOL_USDC
Lighter RH SOL
Paradex SOL-USD-PERP
Lighter SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDC
Backpack SOL_USDC_PERP
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
SunX SOL-USDT
HTX SOL-USDT
Phemex SOLUSDT
Bulk SOL-USD
Extended SOL-USD
Jupiter Perps SOL-PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
RISEx SOL/USDC