Funding you earn now, next payment 22:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h +0.036%
Price spread now: Phoenix against SoDEX0.000%7-day average +0.097% · 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−$28as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Funding, last 3 days (all we have)+0.125%+$13 on $10k
+Price spread, last 3 days (all we have)+0.219%+$22 · spread now 0.000%, 7d avg +0.097%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.097% cheaper against SoDEX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.097%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.125%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX SOL-USD | 119.50 | 0.0100 | pay 0.0013% / 1h | 43m 14s | $6.3M | $10.8M | 20x |
| Short | Phoenix SOL | 119.50 | 0.0054 | get 0.0007% / 1h | 43m 14s | $6.6M | $13.6M | 25x |
SoDEX SOL-USD
Phoenix SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SoDEX. 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
- −$9.72
- Price spread: 0.000% → +0.097%
- −$9.72
- Slippage, 4 orders
- −$3.01
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$37.45
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 1 min ago; Phoenix: live order book, 6 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 SoDEX live order book, 1 min ago | 0.42 bp | 4.4 bp −$4 | 4.7 bp −$47 | 14.5 bp −$1,446 | doesn't fit |
| Sell Phoenix live order book, 6 min ago | 0.84 bp | 4.6 bp −$5 | 5.7 bp −$57 | 12.1 bp −$1,208 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERP | −0.0525% | 1h | 119.49 | −0.006% | $37K | $17K | 25x | as long as short |
| Derive SOL-PERP | −0.0095% | 1h | 119.41 | −0.076% | $2.0M | $3.0M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.56 | +0.049% | $848 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0065% | 1h | 119.46 | −0.037% | — | $722K | 20x | as long as short |
| dYdX SOL-USD | −0.0002% | 1h | 119.51 | +0.006% | $4.9M | $27.2M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.50 | −0.004% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.58 | +0.067% | $1.2M | $20.6M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.55 | +0.039% | $182K | $4.0M | 8.3x | as long as short |
| Hibachi SOL/USDT-P | +0.0008% | 1h | 119.50 | +0.001% | $120K | $610K | 20x | as long as short |
| Phoenix SOLshort | +0.0054% | 1h | 119.50 | 0.000% | $6.6M | $13.6M | 25x |
Bluefin SOL-PERP
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Hibachi SOL/USDT-PShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps SOLUSD | +0.0063% | 1h | 119.39 | −0.094% | $24K | $47K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0066% | 8h | 119.51 | +0.012% | $1.1M | $5.9M | 100x | as long as short |
| HTX SOL-USDT | +0.0073% | 8h | 119.46 | −0.034% | $232.7M | $44.5M | 75x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.50 | −0.002% | — | $10.5M | — | as long as short |
| 01 Exchange SOLUSD | +0.0088% | 1h | 119.59 | +0.075% | $104K | $154K | 20x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.51 | +0.008% | $13.6M | $55.4M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.50 | +0.002% | $2.1M | $16.7M | 25x | as long as short |
| Gate SOL_USDT | +0.0096% | 8h | 119.54 | +0.033% | $871.1M | $678.4M | 100x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.47 | −0.021% | $354K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.53 | +0.021% | $1.0M | $523K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.51 | +0.008% | $46K | $789K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.50 | 0.000% | $6.2M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.62 | +0.100% | $721.9M | $414.7M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.52 | +0.015% | $178.9M | $175.8M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.56 | +0.051% | $12.4M | $116.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.57 | +0.059% | $985.4M | $3.79B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.59 | +0.075% | $827.0M | $1.27B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.57 | +0.059% | $372.7M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.50 | 0.000% | $234K | $887K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.60 | +0.083% | $2.0M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.15 | −0.291% | $133.6M | $9.3M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.56 | +0.050% | $435.7M | $1.10B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.50 | +0.004% | $141.0M | $199.8M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.48 | −0.013% | $495.9M | $454.7M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.52 | +0.017% | $24.2M | $38.7M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.38 | −0.097% | $27.7M | $127.8M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.46 | −0.035% | $95.9M | $398.7M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.44 | −0.052% | $48.9M | $32.0M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.49 | −0.008% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.48 | −0.017% | $1.4M | $13.3M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.53 | +0.025% | $365K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.47 | −0.021% | $200K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.49 | −0.010% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USDlong | +0.0100% | 1h | 119.50 | long leg | $6.3M | $10.8M | 20x | |
| Phemex SOLUSDT | +0.0100% | 8h | 119.54 | +0.033% | $46.7M | $101.9M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.47 | −0.025% | $8.7M | $36.5M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.56 | +0.047% | $8.2M | $415.3M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.51 | +0.006% | — | $221.8M | 500x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0149% | 1h | 119.51 | +0.011% | $32.7M | $95.0M | 100x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0151% | 1h | 119.57 | +0.056% | $26.8M | $27.6M | 50x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0171% / S −0.0089% | 1h | 119.49 | −0.012% | $3.6M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0181% | 1h | 119.51 | +0.006% | $1.1M | $558K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.59 | +0.076% | $1.7M | $5.9M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.13 | −0.310% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.52 | +0.017% | $52.1M | $82.5M | 125x | as long as short |
Aftermath Perps SOLUSD
Orderly PERP_SOL_USDC
HTX SOL-USDT
BingX SOL-USDC
01 Exchange SOLUSD
Lighter SOL
Lighter RH SOL
Gate SOL_USDT
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
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
SunX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Kraken Futures PF_SOLUSD
Deribit SOL_USDC-PERPETUAL
GMX SOL/USD [SOL-USDC]
Reya SOLRUSDPERP
RISEx SOL/USDC
Injective SOL/USDC PERP
BloFin SOL-USDT