Funding you earn now, next payment 00:00 UTC−0.0194%/8h= −21.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.084%
Price spread now: Hotstuff against Phoenix−0.106%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$6 a day on $10k at the current rate, and Hotstuff is 0.106% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SOL | 118.33 | 0.0114 | pay 0.0014% / 1h | 57m 00s | $6.5M | $13.3M | 25x |
| Short | Hotstuff SOL-PERP | 118.20 | −0.0080 | pay 0.0010% / 1h | 57m 00s | $924 | $8K | 25x |
Phoenix SOL
Hotstuff SOL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$40.81
- Price spread: −0.106% → 0.000%
- −$10.65
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$63.46
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 2 min ago; Hotstuff: 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, 2 min ago | 0.42 bp | 3.9 bp −$4 | 3.9 bp −$39 | 11.7 bp −$1,169 | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SOL-PERPshort | −0.0080% | 1h | 118.20 | −0.106% | $924 | $8K | 25x | |
| Hibachi SOL/USDT-P | −0.0080% | 1h | 118.37 | +0.030% | $99K | $689K | 20x | as long as short |
| Vest SOL-PERP | −0.0080% | 1h | 118.00 | −0.283% | — | $610K | 20x | as long as short |
| HTX SOL-USDT | −0.0068% | 8h | 117.84 | −0.413% | $229.3M | $44.6M | 75x | as long as short |
| Derive SOL-PERP | −0.0062% | 1h | 117.87 | −0.385% | $2.0M | $2.7M | 13x | as long as short |
| Lighter SOL | −0.0048% | 1h | 117.94 | −0.327% | $13.2M | $56.7M | 25x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 117.98 | −0.296% | $53K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 118.06 | −0.228% | $4.7M | $25.7M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.12 | −0.175% | $1.6M | $21.2M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.14 | −0.164% | $126K | $4.0M | 8.3x | as long as short |
Hibachi SOL/USDT-P
Vest SOL-PERP
HTX SOL-USDT
Derive SOL-PERP
Lighter SOL
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 118.00 | −0.281% | $26.4M | $25.2M | 50x | as long as short |
| Gate SOL_USDT | +0.0015% | 8h | 117.81 | −0.439% | $845.9M | $645.2M | 100x | as long as short |
| RISEx SOL/USDC | +0.0018% | 1h | 118.08 | −0.212% | $1.8M | $4.5M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0031% | 1h | 118.35 | +0.020% | $1.5M | $6.1M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0048% | 1h | 118.14 | −0.161% | $103K | $162K | 20x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0049% | 1h | 117.92 | −0.350% | $31.7M | $98.2M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0072% | 1h | 117.97 | −0.305% | $7.9M | $409.3M | 50x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 117.77 | −0.470% | — | $10.6M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0083% | 8h | 117.96 | −0.315% | $1.0M | $5.9M | 100x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 117.92 | −0.351% | $2.2M | $16.5M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 117.95 | −0.323% | $346K | $262K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 118.06 | −0.226% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.03 | −0.254% | $43K | $810K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.01 | −0.266% | $5.8M | $41.2M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 117.88 | −0.380% | $719.0M | $400.1M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 117.91 | −0.351% | $178.0M | $180.0M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.11 | −0.186% | $12.9M | $128.1M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 117.84 | −0.414% | $969.3M | $3.79B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 117.88 | −0.377% | $819.9M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 117.86 | −0.397% | $366.6M | $1.68B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.14 | −0.161% | $232K | $881K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.10 | −0.191% | $2.0M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.15 | −0.152% | $136.0M | $13.0M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 117.81 | −0.439% | $422.8M | $1.10B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 117.88 | −0.383% | $136.3M | $205.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 117.82 | −0.432% | $489.7M | $444.4M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 117.79 | −0.456% | $23.8M | $36.8M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.15 | −0.148% | $24.7M | $129.9M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.25 | −0.064% | $95.0M | $398.0M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.37 | +0.030% | $48.5M | $29.5M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.21 | −0.101% | $1.3M | $13.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.03 | −0.254% | $352K | $2.3M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 117.97 | −0.305% | $200K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 117.93 | −0.339% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 117.94 | −0.327% | $192K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 117.92 | −0.346% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 117.94 | −0.330% | $46.0M | $100.3M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 117.81 | −0.441% | $8.4M | $35.6M | 50x | as long as short |
| Phoenix SOLlong | +0.0114% | 1h | 118.33 | long leg | $6.5M | $13.3M | 25x | |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.22 | −0.097% | — | $227.3M | 500x | as long as short |
| Reya SOLRUSDPERP | +0.0187% | 1h | 117.96 | −0.312% | $1.1M | $524K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 117.85 | −0.406% | $51.9M | $73.9M | 125x | as long as short |
| Injective SOL/USDC PERP | +0.0222% | 1h | 119.50 | +0.989% | $4K | $2K | 12x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0167% | 1h | 117.96 | −0.309% | $3.7M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0282% | 1h | 118.49 | +0.132% | $25K | $51K | 20x | as long as short |
Deribit SOL_USDC-PERPETUAL
Gate SOL_USDT
RISEx SOL/USDC
ApeX Omni SOLUSDT
01 Exchange SOLUSD
Kraken Futures PF_SOLUSD
Coinbase International SOL-PERP-INTX
BingX SOL-USDC
Orderly PERP_SOL_USDC
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
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
Injective SOL/USDC PERP
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD