SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.24 per $10,000 · paid last 24h +0.069%

Price spread now: Phoenix against Vest−0.075%58s7-day average +0.123% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.216%+$22 on $10k

Price spread, last 7 days+0.227%+$23 · spread now −0.075%, 7d avg +0.123%

Together, before fees+0.443%+ Points / potential airdropVest: Active · farm board+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.198% cheaper against Vest than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of +0.123%). If the spread goes back, that is −$20 on $10k: about 3.4 days of funding at the current rate (+$6 a day). The two prices were read 58 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	Vest SOL-PERP	118.77	−0.0077	get 0.0010% / 1h	41m 51s	—	$610K	20x
Short	Phoenix SOL	118.68	0.0114	get 0.0014% / 1h	41m 51s	$6.6M	$13.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee VestbpFee PhoenixbpOrdersPrice spread, now −0.075%Rate

Funding earned: $40.22
Price spread: −0.075% → +0.123%: −$19.8
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $11.43
Costs to cover: 0.090%
Break-even: 5.0 days

Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 2 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 Vest no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 2 min ago	0.84 bp	4.6 bp −$5	5.7 bp −$57	10.7 bp −$1,069	doesn't fit

Vest: 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
Hotstuff SOL-PERP	−0.0080%	1h	118.83	+0.054%	$843	$8K	25x	as long as short
Vest SOL-PERPlong	−0.0077%	1h	118.77	long leg	—	$610K	20x
Derive SOL-PERP	−0.0062%	1h	118.76	−0.009%	$2.0M	$2.8M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.84	+0.058%	$32.4M	$96.9M	100x	as long as short
dYdX SOL-USD	−0.0009%	1h	118.81	+0.034%	$4.9M	$26.5M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.85	+0.067%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.84	+0.058%	$1.2M	$20.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.86	+0.081%	$154K	$3.9M	8.3x	as long as short
HTX SOL-USDT	+0.0004%	8h	118.72	−0.037%	$231.1M	$44.8M	75x	as long as short
Phemex SOLUSDT	+0.0009%	8h	118.82	+0.043%	$46.5M	$100.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0048%	1h	118.86	+0.077%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.84	+0.061%	$121K	$632K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0079%	8h	118.86	+0.073%	$1.0M	$5.9M	100x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	118.62	−0.125%	$1.5M	$6.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.77	+0.005%	—	$368.0M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.84	+0.061%	$8.1M	$413.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.76	−0.007%	$14.0M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.75	−0.016%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.84	+0.063%	$348K	$271K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.83	+0.055%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.81	+0.035%	$47K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.82	+0.048%	$5.8M	$41.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.78	+0.006%	$178.5M	$176.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.85	+0.072%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.76	−0.010%	$978.2M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.78	+0.008%	$822.3M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.76	−0.007%	$370.5M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	+0.010%	$232K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.87	+0.087%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.184%	$133.5M	$4.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.77	+0.001%	$858.5M	$662.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.76	−0.007%	$426.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.80	+0.029%	$137.9M	$207.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.75	−0.011%	$492.9M	$446.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.85	+0.069%	$24.2M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.61	−0.136%	$26.9M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.57	−0.168%	$95.2M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.67	−0.079%	$48.6M	$30.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.67	−0.083%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.83	+0.052%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	+0.051%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	+0.049%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.80	+0.027%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.81	+0.035%	$6.2M	$10.8M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	118.88	+0.091%	$26.6M	$24.8M	50x	as long as short
Hyperliquid SOL	+0.0102%	1h	118.88	+0.094%	$720.1M	$404.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.74	−0.027%	$8.7M	$35.2M	50x	as long as short
Phoenix SOLshort	+0.0114%	1h	118.68	−0.075%	$6.6M	$13.6M	25x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.86	+0.074%	—	$221.9M	500x	as long as short
Aftermath Perps SOLUSD	+0.0153%	1h	118.72	−0.040%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.85	+0.073%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0084%	1h	118.84	+0.060%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.091%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.81	+0.038%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.80	+0.027%	$52.0M	$78.7M	125x	as long as short