SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.036%

Price spread now: Polymarket Perps against Phoenix−0.242%59s7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.235% of the position

Long on Phoenix Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.355%−$35 on $10k

Price spread, last 7 days+0.120%+$12 · spread now −0.242%, 7d avg −0.128%

Together, before fees−0.235%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.114% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.128%). Swap the legs. The two prices were read 59 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	119.75	0.0154	pay 0.0019% / 1h	16m 05s	$6.6M	$12.5M	25x
Short	Polymarket Perps SOL-USD	119.46	0.0100	get 0.0013% / 1h	16m 05s	$366K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.242%Rate

Funding earned: −$11.4
Price spread: −0.242% → −0.128%: −$11.42
Slippage, 4 orders: −$8.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$46.32
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from Phoenix: live order book, 8 min ago; Polymarket Perps: 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, 8 min ago	0.83 bp	4.6 bp −$5	5.7 bp −$57	15.2 bp −$1,523	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	0.83 bp	6.7 bp −$7	10.6 bp −$106	doesn't fit	doesn't fit

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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.501%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.49	−0.215%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0073%	1h	119.45	−0.251%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.41	−0.281%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0004%	1h	119.57	−0.148%	$5.0M	$27.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.45	−0.246%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.50	−0.207%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.47	−0.231%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.52	−0.196%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0027%	1h	119.62	−0.109%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0051%	8h	119.44	−0.255%	$232.7M	$44.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.51	−0.203%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.66	−0.072%	$120K	$622K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.52	−0.192%	$105K	$152K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.44	−0.261%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0091%	8h	119.45	−0.251%	$872.2M	$687.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.45	−0.247%	$13.6M	$55.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.45	−0.251%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.47	−0.231%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.48	−0.228%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.51	−0.200%	$49K	$784K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.52	−0.192%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.54	−0.174%	$721.8M	$414.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.46	−0.242%	$179.9M	$175.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.54	−0.178%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.46	−0.242%	$979.3M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.47	−0.231%	$826.2M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.44	−0.259%	$371.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.48	−0.225%	$235K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.56	−0.159%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.077%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.47	−0.234%	$430.9M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.46	−0.241%	$141.1M	$197.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.43	−0.265%	$499.0M	$452.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.45	−0.251%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.82	+0.057%	$27.5M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.86	+0.092%	$96.3M	$401.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.72	−0.023%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.75	−0.004%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.80	+0.042%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USDshort	+0.0100%	1h	119.46	−0.242%	$366K	$2.4M	20x
Bullet SOL-USD	+0.0100%	1h	119.45	−0.252%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.49	−0.214%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.45	−0.254%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.45	−0.251%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.49	−0.217%	$46.7M	$101.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.44	−0.259%	$8.8M	$36.8M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.50	−0.209%	$8.2M	$417.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.50	−0.210%	—	$221.2M	500x	as long as short
Phoenix SOLlong	+0.0154%	1h	119.75	long leg	$6.6M	$12.5M	25x
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0090%	1h	119.45	−0.250%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.53	−0.186%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.44	−0.262%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.57	−0.150%	$51.7M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.49	−0.215%	$35.6M	$91.2M	100x	as long as short