Funding you earn now, next payment 22:00 UTC−0.0080%/8h= −8.7% APRpaid last 24h −0.038%
Price spread now: Phemex against Reya−0.012%7-day average +0.024% · 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)−0.130%−$13 on $10k
+Price spread, last 3 days (all we have)−0.170%−$17 · spread now −0.012%, 7d avg +0.024%
=Together, before fees−0.300%+ Points / potential airdropReya: Active · farm board−$30 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 Phemex is 0.035% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya SOLRUSDPERP | 119.04 | 0.0180 | pay 0.0022% / 1h | 30m 50s | $1.1M | $557K | 25x |
| Short | Phemex SOLUSDT | 119.03 | 0.0100 | get 0.0100% / 8h | 2h 30m | $46.5M | $99.9M | 50x |
Reya SOLRUSDPERP
Phemex SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Reya. 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
- −$16.71
- Price spread: −0.012% → +0.024%
- −$3.55
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$38.25
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Phemex: live order book, 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 Reya no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 0.42 bp | 6.4 bp −$6 | 6.6 bp −$66 | 15.4 bp −$1,543 | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.129% | $4K | $2K | 12x | as long as short |
| Derive SOL-PERP | −0.0104% | 1h | 119.00 | −0.040% | $2.0M | $3.2M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.00 | −0.035% | $844 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0080% | 1h | 118.99 | −0.042% | — | $724K | 20x | as long as short |
| Aftermath Perps SOLUSD | −0.0005% | 1h | 119.01 | −0.031% | $24K | $47K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.08 | +0.030% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.05 | +0.002% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.05 | +0.003% | $179K | $4.0M | 8.3x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 119.05 | +0.003% | $4.9M | $26.9M | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0017% | 1h | 119.13 | +0.071% | $26.7M | $27.7M | 50x | 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
dYdX SOL-USD
Deribit SOL_USDC-PERPETUALShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0060% | 8h | 119.08 | +0.033% | $1.1M | $5.9M | 100x | as long as short |
| HTX SOL-USDT | +0.0062% | 8h | 118.96 | −0.073% | $231.8M | $43.6M | 75x | as long as short |
| 01 Exchange SOLUSD | +0.0064% | 1h | 119.09 | +0.039% | $104K | $152K | 20x | as long as short |
| Hibachi SOL/USDT-P | +0.0064% | 1h | 119.06 | +0.010% | $122K | $600K | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0067% | 1h | 118.91 | −0.113% | $1.5M | $6.2M | 50x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.04 | −0.002% | — | $10.5M | — | as long as short |
| Gate SOL_USDT | +0.0083% | 8h | 119.06 | +0.013% | $869.5M | $681.7M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.06 | +0.011% | $13.4M | $53.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.05 | +0.007% | $2.0M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.06 | +0.014% | $354K | $741K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 118.96 | −0.072% | $1.0M | $524K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.06 | +0.013% | $46K | $781K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.05 | +0.005% | $6.5M | $41.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.16 | +0.097% | $719.2M | $414.6M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.06 | +0.012% | $179.5M | $174.7M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.04 | 0.000% | $12.4M | $114.1M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.06 | +0.010% | $973.3M | $3.74B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.08 | +0.033% | $825.8M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.03 | −0.012% | $370.9M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.98 | −0.054% | $233K | $872K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.07 | +0.020% | $2.0M | $8.9M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.06 | +0.013% | $474.7M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.06 | +0.011% | $142.8M | $196.2M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.05 | +0.005% | $496.9M | $448.5M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.08 | +0.030% | $24.4M | $38.0M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.00 | −0.036% | $27.4M | $127.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.99 | −0.049% | $95.6M | $398.2M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.12 | +0.064% | $48.8M | $33.4M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.04 | −0.003% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.06 | +0.013% | $365K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.05 | +0.005% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.06 | +0.010% | $37K | $15K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.05 | +0.004% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.06 | +0.013% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDTshort | +0.0100% | 8h | 119.03 | −0.012% | $46.5M | $99.9M | 50x | |
| Bulk SOL-USD | +0.0100% | 1h | 118.98 | −0.053% | $133.4M | $11.1M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.04 | −0.004% | $8.7M | $36.9M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.11 | +0.059% | $8.1M | $414.7M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.08 | +0.027% | — | $217.0M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 119.06 | +0.013% | $6.7M | $12.5M | 25x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 119.05 | +0.007% | $1.6M | $6.1M | 20x | as long as short |
| Reya SOLRUSDPERPlong | +0.0180% | 1h | 119.04 | long leg | $1.1M | $557K | 25x | |
| BloFin SOL-USDT | +0.0220% | 8h | 119.05 | +0.005% | $51.7M | $86.9M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0223% | 1h | 119.10 | +0.043% | $36.0M | $89.4M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0237% / S −0.0173% | 1h | 119.08 | +0.026% | $3.6M | — | 200x | as long as short |
Orderly PERP_SOL_USDC
HTX SOL-USDT
01 Exchange SOLUSD
Hibachi SOL/USDT-P
ApeX Omni SOLUSDT
BingX SOL-USDC
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
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
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
Bulk SOL-USD
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Phoenix SOL
RISEx SOL/USDC
BloFin SOL-USDT
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]