SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0227%/8h= −24.8% APRnext payment −$0.28 per $10,000 · paid last 24h −0.066%

Price spread now: Jupiter Perps against Phoenix−0.195%65s7-day average −0.085% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.276%−$28 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.195%, 7d avg −0.085%

Together, before fees−0.203%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Jupiter Perps is 0.110% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.085%). Swap the legs. The two prices were read 65 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	116.11	0.0179	pay 0.0022% / 1h	31m 47s	$6.5M	$13.7M	25x
Short	Jupiter Perps SOL-PERP	115.88	L +0.0120% / S +0.0048%	pay 0.0006% / 1h	31m 47s	—	$239.4M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Phoenix. 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 PhoenixbpFee Jupiter PerpsbpOrdersPrice spread, now −0.195%Rate

Funding earned: −$47.59
Price spread: −0.195% → −0.085%: −$10.95
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$77.55
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 2 min ago; Jupiter Perps: 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	0.86 bp	4.6 bp −$5	5.8 bp −$58	15.4 bp −$1,540	doesn't fit
Sell Jupiter Perps no order-book sample	—	—	—	—	—

Jupiter Perps: 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	−0.0241%	1h	115.79	−0.280%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0200%	1h	115.86	−0.217%	$104K	$693K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.71	−0.342%	$1.9M	$2.9M	13x	as long as short
Bybit SOLUSDT	−0.0116%	8h	115.70	−0.353%	$739.9M	$1.42B	100x	as long as short
BingX SOL-USDC	−0.0115%	8h	115.73	−0.327%	—	$10.6M	—	as long as short
Vest SOL-PERP	−0.0100%	1h	115.81	−0.255%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.05	−0.049%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.82	−0.249%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.86	−0.212%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.80	−0.270%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0014%	1h	115.86	−0.214%	$4.3M	$24.6M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.90	−0.181%	$99K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.81	−0.258%	$7.8M	$403.5M	50x	as long as short
Bitget SOLUSDT	+0.0069%	8h	115.67	−0.381%	$479.6M	$455.5M	100x	as long as short
Bullet SOL-USD	+0.0087%	1h	115.81	−0.256%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.83	−0.245%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.79	−0.278%	$12.9M	$60.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.77	−0.291%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.80	−0.267%	$348K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.74	−0.318%	$173.6M	$184.4M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.82	−0.250%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.88	−0.196%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.80	−0.267%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.85	−0.224%	$686.3M	$399.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.92	−0.168%	$15.5M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.75	−0.310%	$961.2M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.69	−0.362%	$360.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.85	−0.224%	$216K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.91	−0.174%	$915K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	−0.232%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.74	−0.319%	$838.6M	$666.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.76	−0.301%	$359.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.74	−0.319%	$124.3M	$229.2M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.78	−0.284%	$22.8M	$40.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.00	−0.097%	$24.8M	$114.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.13	+0.015%	$93.2M	$406.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.99	−0.103%	$47.5M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.19	+0.067%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.84	−0.233%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.82	−0.250%	$317K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.80	−0.267%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.83	−0.245%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.78	−0.284%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.74	−0.321%	$224.4M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.83	−0.241%	$45.1M	$104.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.71	−0.342%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERPshort	L +0.0120% / S +0.0048%	1h	115.88	−0.195%	—	$239.4M	500x
Deribit SOL_USDC-PERPETUAL	+0.0121%	1h	115.82	−0.247%	$26.2M	$21.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.379%	$4K	$2K	12x	as long as short
Phoenix SOLlong	+0.0179%	1h	116.11	long leg	$6.5M	$13.7M	25x
Reya SOLRUSDPERP	+0.0193%	1h	115.77	−0.291%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.81	−0.258%	$51.8M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.82	−0.248%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.94	−0.143%	$2.0M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0599%	1h	115.99	−0.102%	$25K	$53K	20x	as long as short