SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0001%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.028%

Price spread now: Pacifica against Phoenix−0.088%7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Phoenix Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.332%−$33 on $10k

Price spread, last 7 days−0.065%−$7 · spread now −0.088%, 7d avg −0.117%

Together, before fees−0.397%+ Points / potential airdropPacifica: Active · farm board−$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.029% dearer against Phoenix than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SOL	117.66	0.0101	pay 0.0013% / 1h	11m 13s	$6.5M	$13.5M	25x
Short	Pacifica SOL	117.56	0.0100	get 0.0013% / 1h	11m 13s	$14.4M	$128.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.088%Rate

Funding earned: −$0.29
Price spread: −0.088% → −0.117%: $2.86
Slippage, 4 orders: −$4.04
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$16.48
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from Phoenix: live order book, 3 min ago; Pacifica: live order book, 3 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, 3 min ago	0.85 bp	4.6 bp −$5	5.7 bp −$57	15.2 bp −$1,520	doesn't fit
Sell Pacifica live order book, 3 min ago	0.42 bp	4.6 bp −$5	7.9 bp −$79	doesn't fit	doesn't fit

SOL on 54 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	117.59	−0.055%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.48	−0.154%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.49	−0.145%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.59	−0.059%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.58	−0.070%	$1.4M	$20.8M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.61	−0.042%	$26.4M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.52	−0.121%	$2.0M	$4.8M	20x	as long as short
Derive SOL-PERP	+0.0023%	1h	117.49	−0.141%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	117.63	−0.029%	$100K	$691K	20x	as long as short
Gate SOL_USDT	+0.0042%	8h	117.50	−0.136%	$848.8M	$665.3M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.59	−0.058%	$31.5M	$98.8M	100x	as long as short
HTX SOL-USDT	+0.0051%	8h	117.50	−0.133%	$228.3M	$45.5M	75x	as long as short
ApeX Omni SOLUSDT	+0.0065%	1h	117.57	−0.075%	$1.5M	$6.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.61	−0.038%	$8.0M	$408.4M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.50	−0.134%	—	$369.4M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.57	−0.075%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.59	−0.059%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.58	−0.070%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.52	−0.119%	$103K	$156K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.56	−0.087%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.53	−0.113%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.47	−0.161%	$67K	$857K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.48	−0.153%	$5.7M	$41.4M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.50	−0.136%	$176.3M	$179.8M	100x	as long as short
Pacifica SOLshort	+0.0100%	1h	117.56	−0.088%	$14.4M	$128.1M	20x
Binance SOLUSDT	+0.0100%	8h	117.58	−0.068%	$968.7M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.60	−0.051%	$819.9M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.60	−0.051%	$366.3M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.51	−0.127%	$238K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.50	−0.136%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	−0.114%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.59	−0.059%	$425.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.58	−0.067%	$130.5M	$211.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.55	−0.090%	$487.1M	$440.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.60	−0.051%	$23.7M	$37.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	−0.116%	$24.3M	$121.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.50	−0.135%	$94.4M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	−0.040%	$48.2M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.60	−0.051%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.49	−0.144%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.50	−0.132%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.56	−0.088%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.46	−0.167%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.59	−0.059%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.60	−0.051%	$45.8M	$101.3M	50x	as long as short
Phoenix SOLlong	+0.0101%	1h	117.66	long leg	$6.5M	$13.5M	25x
Extended SOL-USD	+0.0104%	1h	117.56	−0.085%	$8.1M	$36.2M	50x	as long as short
Hyperliquid SOL	+0.0112%	1h	117.61	−0.042%	$719.2M	$401.4M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.50	−0.139%	—	$225.3M	500x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.48	−0.156%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.178%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.50	−0.139%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0342%	1h	117.64	−0.017%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.52	−0.116%	$128K	$3.9M	8.3x	as long as short