Funding you earn now, next payment 02:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.026%
Price spread now: Variational Omni against Phoenix−0.082%7-day average −0.119% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.134%−$13 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now −0.082%, 7d avg −0.119%
=Together, before fees−0.220%+ Points / potential airdropVariational Omni: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.037% dearer against Phoenix than usual: you sell high and buy low (spread −0.082% now, against its 7-day average of −0.119%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 3 days (−0.134% in total) that is about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SOL | 118.08 | 0.0129 | pay 0.0016% / 1h | 20m 57s | $6.5M | $13.4M | 25x |
| Short | Variational Omni SOL | 117.98 | 0.0100 | get 0.0100% / 8h | 5h 20m | $24.4M | $115.1M | — |
Phoenix SOL
Variational Omni SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$6.13
- Price spread: −0.082% → −0.119%
- $3.75
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$9.39
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
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 −$1,519 | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 1.19 bp | doesn't fit | 1.2 bp −$12 | 8.0 bp −$799 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.08 | +0.002% | $923 | $8K | 25x | as long as short |
| Bluefin SOL-PERP | −0.0066% | 1h | 117.98 | −0.085% | $25K | $28K | 25x | as long as short |
| Vest SOL-PERP | −0.0065% | 1h | 117.97 | −0.090% | — | $605K | 20x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0055% | 1h | 118.00 | −0.068% | $31.6M | $98.6M | 100x | as long as short |
| Derive SOL-PERP | −0.0010% | 1h | 117.93 | −0.126% | $1.9M | $2.8M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 117.98 | −0.085% | $57K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 118.04 | −0.037% | $4.5M | $24.1M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.05 | −0.025% | $1.4M | $19.3M | 3.1x | as long as short |
| 01 Exchange SOLUSD | +0.0064% | 1h | 118.08 | 0.000% | $100K | $165K | 20x | as long as short |
| Hibachi SOL/USDT-P | +0.0064% | 1h | 117.84 | −0.203% | $105K | $695K | 20x | as long as short |
Hotstuff SOL-PERP
Bluefin SOL-PERP
Vest SOL-PERP
Kraken Futures PF_SOLUSD
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
01 Exchange SOLUSD
Hibachi SOL/USDT-PShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International SOL-PERP-INTX | +0.0064% | 1h | 118.03 | −0.041% | $8.0M | $404.8M | 50x | as long as short |
| BingX SOL-USDC | +0.0070% | 8h | 118.02 | −0.047% | — | $10.5M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0090% | 8h | 118.02 | −0.052% | $1.0M | $5.8M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.00 | −0.065% | $13.2M | $59.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 117.99 | −0.073% | $2.1M | $16.3M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 117.99 | −0.073% | $346K | $226K | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0097% | 1h | 118.03 | −0.039% | $26.5M | $24.9M | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.04 | −0.034% | $60K | $839K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 118.08 | −0.002% | $1.0M | $516K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.06 | −0.021% | $5.8M | $38.8M | 40x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.02 | −0.047% | $177.8M | $180.0M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.04 | −0.030% | $14.6M | $128.6M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.03 | −0.045% | $971.1M | $3.72B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.05 | −0.025% | $832.1M | $1.25B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.02 | −0.051% | $367.9M | $1.64B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 117.91 | −0.144% | $239K | $856K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.06 | −0.014% | $2.0M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 117.59 | −0.417% | $135.8M | $17.2M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 118.01 | −0.059% | $860.7M | $651.8M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.02 | −0.051% | $425.0M | $1.07B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.00 | −0.067% | $130.2M | $212.4M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.01 | −0.062% | $488.8M | $431.8M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.01 | −0.059% | $23.7M | $36.5M | 50x | as long as short |
| Variational Omni SOLshort | +0.0100% | 8h | 117.98 | −0.082% | $24.4M | $115.1M | — | |
| edgeX SOLUSDC | +0.0100% | 4h | 117.54 | −0.454% | $94.4M | $392.4M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 117.86 | −0.186% | $48.3M | $28.6M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 117.82 | −0.220% | $1.5M | $5.9M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 117.80 | −0.237% | $1.3M | $13.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.06 | −0.017% | $355K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 117.99 | −0.078% | $201K | $1.6M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.06 | −0.018% | $192K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 117.99 | −0.076% | $6.2M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 117.94 | −0.115% | $229.1M | $45.5M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.00 | −0.068% | $46.0M | $100.2M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 117.99 | −0.076% | $8.2M | $36.1M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0112% / S +0.0056% | 1h | 117.97 | −0.089% | — | $215.6M | 500x | as long as short |
| Phoenix SOLlong | +0.0129% | 1h | 118.08 | long leg | $6.5M | $13.4M | 25x | |
| RISEx SOL/USDC | +0.0136% | 1h | 118.13 | +0.045% | $1.9M | $4.9M | 20x | as long as short |
| Hyperliquid SOL | +0.0182% | 1h | 118.13 | +0.042% | $722.6M | $389.5M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0190% | 1h | 118.03 | −0.042% | $1.1M | $536K | 25x | as long as short |
| Injective SOL/USDC PERP | +0.0218% | 1h | 117.49 | −0.500% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 117.98 | −0.085% | $52.0M | $71.7M | 125x | as long as short |
| Perpl SOL | +0.0223% | 43m | 118.05 | −0.027% | $128K | $3.8M | 8.3x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0232% / S −0.0171% | 1h | 117.97 | −0.090% | $3.6M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0399% | 1h | 117.77 | −0.262% | $25K | $51K | 20x | as long as short |
Coinbase International SOL-PERP-INTX
BingX SOL-USDC
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Deribit SOL_USDC-PERPETUAL
Katana Perps SOL-USD
Paradex SOL-USD-PERP
Nado SOL-PERP
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
RISEx SOL/USDC
Hyperliquid SOL
Reya SOLRUSDPERP
Injective SOL/USDC PERP
BloFin SOL-USDT
Perpl SOL
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD