SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0354%/8h= +38.8% APRnext payment +$0.44 per $10,000 · paid last 24h +0.023%

Price spread now: RISEx against Phoenix−0.036%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$170.169% of the position

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.027%−$3 on $10k

Price spread, last 7 days−0.122%−$12 · spread now −0.036%, 7d avg −0.128%

Together, before fees−0.149%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.092% dearer against Phoenix than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.128%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.027% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SOL	116.80	0.0130	pay 0.0016% / 1h	42m 32s	$6.5M	$13.6M	25x
Short	RISEx SOL/USDC	116.76	0.0485	get 0.0061% / 1h	42m 32s	$2.1M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.036%Rate

Funding earned: $74.4
Price spread: −0.036% → −0.128%: $9.16
Slippage, 4 orders: −$3.93
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $66.62
Costs to cover: 0.169%
Break-even: 0.7 days

Slippage from Phoenix: live order book, 2 min ago; RISEx: live order book, 1 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	0.86 bp	4.6 bp −$5	5.7 bp −$57	15.3 bp −$1,531	doesn't fit
Sell RISEx live order book, 1 min ago	0.04 bp	4.3 bp −$4	8.0 bp −$80	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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.66	−0.123%	$32.3M	$106.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0152%	1h	116.72	−0.072%	$96K	$681K	20x	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.72	−0.068%	$737.6M	$1.43B	100x	as long as short
Derive SOL-PERP	−0.0093%	1h	116.59	−0.182%	$1.9M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.67	−0.109%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.043%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0047%	1h	116.69	−0.096%	—	$631K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.69	−0.094%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.73	−0.061%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.73	−0.062%	$106K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0008%	1h	116.69	−0.093%	$2.2M	$16.7M	25x	as long as short
dYdX SOL-USD	+0.0008%	1h	116.71	−0.080%	$4.3M	$23.6M	20x	as long as short
Bitget SOLUSDT	+0.0027%	8h	116.73	−0.057%	$481.7M	$457.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0031%	1h	116.71	−0.074%	$26.4M	$21.9M	50x	as long as short
SoDEX SOL-USD	+0.0034%	1h	116.63	−0.146%	$6.1M	$11.0M	20x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.74	−0.051%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	−0.122%	$8.0M	$401.8M	50x	as long as short
Aster SOLUSDT	+0.0061%	8h	116.70	−0.086%	$177.2M	$168.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0076%	8h	116.65	−0.130%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.70	−0.083%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.71	−0.080%	$13.2M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.63	−0.146%	$351K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.68	−0.103%	$66K	$909K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.69	−0.092%	$5.4M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.72	−0.068%	$703.7M	$408.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.75	−0.046%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.69	−0.094%	$966.0M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.74	−0.051%	$369.1M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.65	−0.128%	$217K	$832K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.72	−0.067%	$900K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.213%	$125.5M	$25.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.70	−0.086%	$851.2M	$660.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.70	−0.086%	$367.9M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.59	−0.179%	$132.4M	$233.7M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.69	−0.091%	—	$373.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.64	−0.137%	$23.1M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.71	−0.075%	$25.0M	$108.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	−0.064%	$93.7M	$406.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.72	−0.072%	$47.8M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	−0.082%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.67	−0.111%	$1.3M	$11.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.72	−0.068%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.68	−0.101%	$243K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.68	−0.103%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.67	−0.108%	$190K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.64	−0.136%	$225.8M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.65	−0.128%	$45.4M	$104.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.66	−0.119%	$8.2M	$37.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.71	−0.074%	—	$233.7M	500x	as long as short
Phoenix SOLlong	+0.0130%	1h	116.80	long leg	$6.5M	$13.6M	25x
Reya SOLRUSDPERP	+0.0195%	1h	116.70	−0.086%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.120%	$52.1M	$66.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.70	−0.082%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0482%	1h	116.74	−0.055%	$25K	$57K	20x	as long as short
RISEx SOL/USDCshort	+0.0485%	1h	116.76	−0.036%	$2.1M	$4.8M	20x