Funding you earn now, next payment 21:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.038%
Price spread now: SoDEX against Phoenix+0.118%70s7-day average −0.098% · 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−$170.167% of the position
Funding, last 3 days (all we have)−0.124%−$12 on $10k
+Price spread, last 3 days (all we have)−0.411%−$41 · spread now +0.118%, 7d avg −0.098%
=The price spread pays, funding is against you. SoDEX is 0.216% dearer against Phoenix than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of −0.098%): +$22 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 3 days (−0.124% in total) that is about 5.3 days. The two prices were read 70 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 | 118.79 | 0.0154 | pay 0.0019% / 1h | 35m 44s | $6.7M | $12.5M | 25x |
| Short | SoDEX SOL-USD | 118.93 | 0.0100 | get 0.0013% / 1h | 35m 44s | $6.2M | $10.8M | 20x |
Phoenix SOL
SoDEX SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$11.4
- Price spread: +0.118% → −0.098%
- $21.6
- Slippage, 4 orders
- −$1.68
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$6.48
- Costs to cover
- 0.167%
- Break-even
- from the start
Slippage from Phoenix: live order book, 3 min ago; SoDEX: 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 | 0.42 bp | 3.9 bp −$4 | 3.9 bp −$39 | 14.4 bp −$1,440 | doesn't fit |
| Sell SoDEX live order book, 3 min ago | 0.42 bp | 4.4 bp −$4 | 5.1 bp −$51 | 18.4 bp −$1,844 | 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 | 118.89 | +0.084% | $4K | $2K | 12x | as long as short |
| Derive SOL-PERP | −0.0104% | 1h | 118.86 | +0.061% | $2.0M | $3.2M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.72 | −0.056% | $842 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0080% | 1h | 118.95 | +0.133% | — | $724K | 20x | as long as short |
| Aftermath Perps SOLUSD | −0.0022% | 1h | 118.90 | +0.094% | $24K | $47K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.96 | +0.142% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.02 | +0.194% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.97 | +0.151% | $180K | $4.0M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 118.99 | +0.170% | $26.7M | $27.6M | 50x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 119.00 | +0.174% | $4.9M | $26.9M | 20x | as long as short |
Injective SOL/USDC PERP
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
Aftermath Perps SOLUSD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Deribit SOL_USDC-PERPETUAL
dYdX SOL-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SOLUSDT | +0.0042% | 1h | 118.74 | −0.042% | $1.5M | $6.2M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0060% | 8h | 118.96 | +0.143% | $1.1M | $5.9M | 100x | as long as short |
| HTX SOL-USDT | +0.0067% | 8h | 118.89 | +0.082% | $231.6M | $43.6M | 75x | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 119.01 | +0.185% | $104K | $152K | 20x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.03 | +0.198% | — | $371.8M | — | as long as short |
| Hibachi SOL/USDT-P | +0.0080% | 1h | 119.16 | +0.310% | $123K | $600K | 20x | as long as short |
| Gate SOL_USDT | +0.0083% | 8h | 118.95 | +0.135% | $867.2M | $679.8M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.01 | +0.189% | $13.4M | $53.5M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.01 | +0.184% | $2.0M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.95 | +0.138% | $353K | $741K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.01 | +0.187% | $1.0M | $524K | 50x | as long as short |
| KuCoin SOLUSDTM | +0.0099% | 8h | 119.01 | +0.182% | $143.2M | $196.4M | 75x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.99 | +0.168% | $45K | $780K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.98 | +0.161% | $5.5M | $40.5M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.08 | +0.244% | $717.9M | $413.1M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.00 | +0.179% | $179.6M | $174.4M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.06 | +0.223% | $12.4M | $114.1M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.02 | +0.194% | $972.1M | $3.73B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.05 | +0.219% | $822.9M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.01 | +0.185% | $370.2M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.95 | +0.135% | $234K | $863K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.09 | +0.256% | $2.0M | $8.9M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.03 | +0.202% | $468.4M | $1.08B | 300x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.02 | +0.195% | $496.8M | $448.5M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.96 | +0.143% | $24.4M | $38.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.76 | −0.029% | $27.4M | $127.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.71 | −0.068% | $95.3M | $397.3M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.74 | −0.040% | $48.6M | $33.3M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.11 | +0.269% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.97 | +0.152% | $364K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.96 | +0.146% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.95 | +0.135% | $37K | $15K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.97 | +0.152% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USDshort | +0.0100% | 1h | 118.93 | +0.118% | $6.2M | $10.8M | 20x | |
| Phemex SOLUSDT | +0.0100% | 8h | 118.98 | +0.160% | $46.4M | $99.8M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.71 | −0.068% | $133.1M | $11.8M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.95 | +0.134% | $8.6M | $37.0M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 118.98 | +0.162% | $8.1M | $414.1M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.98 | +0.159% | — | $216.9M | 500x | as long as short |
| Phoenix SOLlong | +0.0154% | 1h | 118.79 | long leg | $6.7M | $12.5M | 25x | |
| RISEx SOL/USDC | +0.0175% | 1h | 119.01 | +0.184% | $1.6M | $6.1M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 118.97 | +0.153% | $1.1M | $557K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.12 | +0.278% | $51.8M | $86.8M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0224% | 1h | 118.94 | +0.127% | $36.0M | $89.4M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0237% / S −0.0173% | 1h | 118.98 | +0.156% | $3.6M | — | 200x | as long as short |
ApeX Omni SOLUSDT
Orderly PERP_SOL_USDC
HTX SOL-USDT
01 Exchange SOLUSD
BingX SOL-USDT
Hibachi SOL/USDT-P
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
KuCoin SOLUSDTM
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
MEXC SOL_USDT
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
Phemex SOLUSDT
Bulk SOL-USD
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]