Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h −0.031%
Price spread now: 01 Exchange against Phoenix−0.042%7-day average −0.103% · 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−$16as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Funding, last 3 days (all we have)−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)−0.696%−$70 · spread now −0.042%, 7d avg −0.103%
=The price spread pays, funding is against you. 01 Exchange is 0.061% dearer against Phoenix than usual: you sell high and buy low (spread −0.042% now, against its 7-day average of −0.103%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10.0 days. At the pace of the last 3 days (−0.106% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SOL | 119.08 | 0.0100 | pay 0.0013% / 1h | 33m 00s | $6.6M | $13.7M | 25x |
| Short | 01 Exchange SOLUSD | 119.03 | 0.0080 | get 0.0010% / 1h | 33m 00s | $104K | $158K | 20x |
Phoenix SOL
01 Exchange SOLUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$4.29
- Price spread: −0.042% → −0.103%
- $6.1
- Slippage, 4 orders
- −$7.88
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$20.07
- Costs to cover
- 0.219%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 6 min ago; 01 Exchange: live order book, 46 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, 6 min ago | 0.84 bp | 4.6 bp −$5 | 5.7 bp −$57 | 15.3 bp −$1,527 | doesn't fit |
| Sell 01 Exchange live order book, 46 min ago | 0.84 bp | 6.5 bp −$6 | 12.0 bp −$120 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.96 | −0.098% | $843 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0073% | 1h | 118.95 | −0.113% | — | $723K | 20x | as long as short |
| Derive SOL-PERP | −0.0073% | 1h | 118.92 | −0.133% | $2.0M | $2.8M | 13x | as long as short |
| dYdX SOL-USD | −0.0016% | 1h | 119.03 | −0.040% | $4.9M | $28.0M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 119.02 | −0.050% | $112K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.02 | −0.048% | $1.3M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.98 | −0.087% | $176K | $4.0M | 8.3x | as long as short |
| ApeX Omni SOLUSDT | +0.0042% | 1h | 119.02 | −0.050% | $1.5M | $6.2M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0050% | 1h | 119.06 | −0.017% | $26.6M | $26.0M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0075% | 8h | 119.01 | −0.055% | $1.0M | $5.9M | 100x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
ApeX Omni SOLUSDT
Deribit SOL_USDC-PERPETUAL
Orderly PERP_SOL_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSDshort | +0.0080% | 1h | 119.03 | −0.042% | $104K | $158K | 20x | |
| BingX SOL-USDT | +0.0080% | 8h | 118.98 | −0.081% | — | $371.8M | — | as long as short |
| HTX SOL-USDT | +0.0088% | 8h | 118.93 | −0.123% | $231.5M | $45.0M | 75x | as long as short |
| Gate SOL_USDT | +0.0090% | 8h | 118.95 | −0.109% | $863.8M | $679.1M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.97 | −0.090% | $13.6M | $55.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.96 | −0.098% | $2.2M | $16.9M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.98 | −0.083% | $352K | $748K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0096% | 1h | 119.00 | −0.069% | $8.1M | $416.6M | 50x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 118.95 | −0.113% | $1.0M | $522K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.99 | −0.076% | $45K | $797K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.99 | −0.076% | $6.1M | $40.5M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.07 | −0.008% | $720.8M | $411.8M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.98 | −0.084% | $178.6M | $176.4M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.01 | −0.060% | $12.3M | $120.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.99 | −0.076% | $983.4M | $3.82B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.01 | −0.059% | $825.7M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.98 | −0.084% | $372.4M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.93 | −0.126% | $233K | $873K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.02 | −0.050% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.35 | +0.227% | $134.1M | $6.0M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.98 | −0.084% | $459.9M | $1.12B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.00 | −0.071% | $138.7M | $205.0M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.95 | −0.111% | $493.3M | $460.0M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.00 | −0.067% | $24.2M | $38.5M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.09 | +0.009% | $27.2M | $129.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.23 | +0.125% | $95.8M | $402.4M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.09 | +0.008% | $48.8M | $31.3M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.01 | −0.059% | $1.4M | $13.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.98 | −0.084% | $366K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.00 | −0.071% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.00 | −0.067% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.96 | −0.102% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.98 | −0.084% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.99 | −0.076% | $46.5M | $102.8M | 50x | as long as short |
| Phoenix SOLlong | +0.0100% | 1h | 119.08 | long leg | $6.6M | $13.7M | 25x | |
| Aftermath Perps SOLUSD | +0.0103% | 1h | 119.21 | +0.105% | $24K | $47K | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.93 | −0.122% | $8.7M | $36.0M | 50x | as long as short |
| Hibachi SOL/USDT-P | +0.0104% | 1h | 119.06 | −0.021% | $121K | $626K | 20x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0105% | 1h | 118.99 | −0.075% | $32.6M | $97.1M | 100x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.98 | −0.080% | — | $225.3M | 500x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0168% / S −0.0068% | 1h | 119.01 | −0.056% | $3.8M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0170% | 1h | 119.60 | +0.437% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0183% | 1h | 118.98 | −0.086% | $1.1M | $538K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.00 | −0.067% | $52.2M | $81.7M | 125x | as long as short |
| RISEx SOL/USDC | +0.0226% | 1h | 119.05 | −0.022% | $1.7M | $5.2M | 20x | as long as short |
BingX SOL-USDT
HTX SOL-USDT
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Coinbase International SOL-PERP-INTX
Paradex SOL-USD-PERP
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
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
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
SoDEX SOL-USD
Phemex SOLUSDT
Aftermath Perps SOLUSD
Extended SOL-USD
Hibachi SOL/USDT-P
Kraken Futures PF_SOLUSD
Jupiter Perps SOL-PERP
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
RISEx SOL/USDC