Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h −0.030%
Price spread now: Nado against Phoenix+0.122%57s7-day average −0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$170.170% of the position
Funding, last 3 days (all we have)−0.122%−$12 on $10k
+Price spread, last 7 days−0.275%−$27 · spread now +0.122%, 7d avg −0.110%
=Together, before fees−0.397%+ Points / potential airdropNado: Active · farm board−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.232% dearer against Phoenix than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of −0.110%): +$23 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 54 days. At the pace of the last 3 days (−0.122% in total) that is about 6.1 days. The two prices were read 57 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 | 118.68 | 0.0114 | pay 0.0014% / 1h | 42m 08s | $6.6M | $13.6M | 25x |
| Short | Nado SOL-PERP | 118.82 | 0.0100 | get 0.0012% / 1h | 42m 08s | $5.8M | $41.0M | 40x |
Phoenix SOL
Nado SOL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$3.01
- Price spread: +0.122% → −0.110%
- $23.22
- Slippage, 4 orders
- −$3.03
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $3.18
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage from Phoenix: live order book, 2 min ago; Nado: live order book, 2 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, 2 min ago | 0.84 bp | 4.6 bp −$5 | 5.7 bp −$57 | 15.1 bp −$1,510 | doesn't fit |
| Sell Nado live order book, 2 min ago | 0.42 bp | 3.9 bp −$4 | 3.9 bp −$39 | 8.6 bp −$859 | 28.0 bp −$14.0K |
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-PERP | −0.0080% | 1h | 118.83 | +0.129% | $843 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0077% | 1h | 118.77 | +0.075% | — | $610K | 20x | as long as short |
| Derive SOL-PERP | −0.0062% | 1h | 118.76 | +0.065% | $2.0M | $2.8M | 13x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0014% | 1h | 118.84 | +0.132% | $32.4M | $96.9M | 100x | as long as short |
| dYdX SOL-USD | −0.0009% | 1h | 118.87 | +0.160% | $4.9M | $26.5M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.85 | +0.142% | $55K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.84 | +0.132% | $1.2M | $20.5M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.86 | +0.156% | $154K | $3.9M | 8.3x | as long as short |
| HTX SOL-USDT | +0.0004% | 8h | 118.72 | +0.038% | $231.1M | $44.8M | 75x | as long as short |
| Phemex SOLUSDT | +0.0009% | 8h | 118.82 | +0.118% | $46.5M | $100.8M | 50x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
Kraken Futures PF_SOLUSD
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
HTX SOL-USDT
Phemex SOLUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSD | +0.0048% | 1h | 118.86 | +0.152% | $104K | $159K | 20x | as long as short |
| Hibachi SOL/USDT-P | +0.0072% | 1h | 118.84 | +0.135% | $121K | $632K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0079% | 8h | 118.86 | +0.147% | $1.0M | $5.9M | 100x | as long as short |
| ApeX Omni SOLUSDT | +0.0079% | 1h | 118.62 | −0.051% | $1.5M | $6.1M | 50x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 118.82 | +0.118% | — | $10.5M | — | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0088% | 1h | 118.84 | +0.136% | $8.1M | $413.2M | 50x | as long as short |
| Gate SOL_USDT | +0.0094% | 8h | 118.81 | +0.110% | $858.7M | $662.0M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.83 | +0.129% | $14.0M | $55.6M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.82 | +0.118% | $2.2M | $16.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.84 | +0.138% | $348K | $271K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 118.83 | +0.129% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.81 | +0.110% | $47K | $785K | 20x | as long as short |
| Nado SOL-PERPshort | +0.0100% | 1h | 118.82 | +0.122% | $5.8M | $41.0M | 40x | |
| Aster SOLUSDT | +0.0100% | 8h | 118.84 | +0.131% | $178.6M | $176.5M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.85 | +0.147% | $12.2M | $123.8M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.84 | +0.135% | $979.4M | $3.78B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.88 | +0.169% | $823.0M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.84 | +0.135% | $370.7M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.78 | +0.084% | $232K | $861K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.87 | +0.162% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.55 | −0.109% | $133.5M | $4.7M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.85 | +0.143% | $426.7M | $1.12B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.87 | +0.159% | $137.9M | $207.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.82 | +0.116% | $493.1M | $446.0M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.85 | +0.143% | $24.2M | $37.2M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.61 | −0.062% | $26.9M | $128.6M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.57 | −0.093% | $95.2M | $405.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.67 | −0.004% | $48.6M | $30.1M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.67 | −0.008% | $1.3M | $13.6M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.83 | +0.126% | $360K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.83 | +0.126% | $201K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.83 | +0.124% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.80 | +0.102% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.81 | +0.110% | $6.2M | $10.8M | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0101% | 1h | 118.88 | +0.166% | $26.6M | $24.8M | 50x | as long as short |
| Hyperliquid SOL | +0.0101% | 1h | 118.96 | +0.236% | $720.5M | $404.7M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.79 | +0.093% | $8.7M | $35.2M | 50x | as long as short |
| Phoenix SOLlong | +0.0114% | 1h | 118.68 | long leg | $6.6M | $13.6M | 25x | |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.86 | +0.148% | — | $221.9M | 500x | as long as short |
| Aftermath Perps SOLUSD | +0.0153% | 1h | 118.72 | +0.035% | $25K | $51K | 20x | as long as short |
| RISEx SOL/USDC | +0.0161% | 1h | 118.85 | +0.147% | $1.8M | $4.6M | 20x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0165% / S −0.0084% | 1h | 118.84 | +0.135% | $3.5M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 118.66 | −0.017% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0185% | 1h | 118.81 | +0.112% | $1.1M | $524K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.80 | +0.101% | $52.0M | $78.7M | 125x | as long as short |
01 Exchange SOLUSD
Hibachi SOL/USDT-P
Orderly PERP_SOL_USDC
ApeX Omni SOLUSDT
BingX SOL-USDC
Coinbase International SOL-PERP-INTX
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
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
Deribit SOL_USDC-PERPETUAL
Hyperliquid SOL
Extended SOL-USD
Jupiter Perps SOL-PERP
Aftermath Perps SOLUSD
RISEx SOL/USDC
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT