Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h −0.003%
Price spread now: Phemex against HTX+0.032%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.032%, 7d avg +0.009%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.023% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SOL-USDT | 119.17 | 0.0082 | pay 0.0082% / 8h | 1h 20m | $232.0M | $45.0M | 75x |
| Short | Phemex SOLUSDT | 119.21 | 0.0100 | get 0.0100% / 8h | 1h 20m | $46.6M | $102.4M | 50x |
HTX SOL-USDT
Phemex SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against HTX. 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
- $3.8
- Price spread: +0.032% → +0.009%
- $2.3
- Slippage, 4 orders
- −$5.81
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$23.72
- Costs to cover
- 0.298%
- Break-even
- 50.7 days
Slippage from HTX: live order book, 4 min ago; Phemex: live order book, 4 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 HTX live order book, 4 min ago | 0.00 bp | 6.0 bp −$6 | 9.5 bp −$95 | 13.9 bp −$1,391 | 38.7 bp −$19.3K |
| Sell Phemex live order book, 4 min ago | 0.42 bp | 8.5 bp −$8 | 14.5 bp −$145 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERP | −0.0424% | 1h | 119.17 | 0.000% | $37K | $17K | 25x | as long as short |
| Derive SOL-PERP | −0.0107% | 1h | 119.08 | −0.079% | $2.0M | $3.0M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.28 | +0.089% | $846 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0062% | 1h | 119.21 | +0.032% | — | $722K | 20x | as long as short |
| dYdX SOL-USD | −0.0001% | 1h | 119.29 | +0.102% | $4.9M | $27.2M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.23 | +0.047% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.30 | +0.105% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.30 | +0.110% | $178K | $4.0M | 8.3x | as long as short |
| Hibachi SOL/USDT-P | +0.0040% | 1h | 119.39 | +0.187% | $120K | $612K | 20x | as long as short |
| Phoenix SOL | +0.0054% | 1h | 119.36 | +0.158% | $6.5M | $13.6M | 25x | as long as short |
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-P
Phoenix SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SOL_USDC-PERPETUAL | +0.0060% | 1h | 119.21 | +0.031% | $26.7M | $27.7M | 50x | as long as short |
| Aftermath Perps SOLUSD | +0.0065% | 1h | 119.31 | +0.119% | $24K | $47K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0067% | 8h | 119.18 | +0.004% | $1.1M | $5.9M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0080% | 1h | 119.25 | +0.066% | $104K | $155K | 20x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.17 | 0.000% | — | $10.5M | — | as long as short |
| HTX SOL-USDTlong | +0.0082% | 8h | 119.17 | long leg | $232.0M | $45.0M | 75x | |
| Gate SOL_USDT | +0.0089% | 8h | 119.16 | −0.010% | $869.6M | $685.3M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.17 | −0.005% | $13.6M | $55.9M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.15 | −0.021% | $2.1M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.16 | −0.009% | $353K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.26 | +0.076% | $1.0M | $522K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.25 | +0.066% | $47K | $796K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.28 | +0.089% | $6.1M | $41.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.25 | +0.066% | $718.4M | $417.0M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.17 | −0.002% | $178.4M | $177.0M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.31 | +0.118% | $12.4M | $117.8M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.17 | −0.001% | $984.5M | $3.81B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.22 | +0.041% | $824.8M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.20 | +0.024% | $372.3M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.38 | +0.175% | $234K | $886K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.34 | +0.142% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.28 | +0.093% | $133.9M | $7.8M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.17 | −0.001% | $456.6M | $1.12B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.17 | +0.001% | $140.2M | $202.3M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.16 | −0.014% | $495.2M | $455.6M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.18 | +0.007% | $24.1M | $38.4M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.34 | +0.141% | $27.4M | $128.6M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.14 | −0.022% | $95.7M | $400.9M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.37 | +0.167% | $48.9M | $31.8M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.24 | +0.057% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.36 | +0.158% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.21 | +0.032% | $365K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.21 | +0.029% | $202K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.17 | −0.004% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.16 | −0.010% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDTshort | +0.0100% | 8h | 119.21 | +0.032% | $46.6M | $102.4M | 50x | |
| Extended SOL-USD | +0.0104% | 1h | 119.12 | −0.039% | $8.7M | $36.3M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.18 | +0.010% | $8.1M | $416.3M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.29 | +0.101% | — | $223.8M | 500x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0150% | 1h | 119.17 | −0.004% | $32.6M | $96.0M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0170% / S −0.0068% | 1h | 119.22 | +0.041% | $3.8M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0182% | 1h | 119.20 | +0.021% | $1.1M | $557K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.33 | +0.136% | $1.7M | $6.0M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.38 | +0.175% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.33 | +0.133% | $52.2M | $82.9M | 125x | as long as short |
Deribit SOL_USDC-PERPETUAL
Aftermath Perps SOLUSD
Orderly PERP_SOL_USDC
01 Exchange SOLUSD
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
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
SoDEX SOL-USD
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]
Reya SOLRUSDPERP
RISEx SOL/USDC
Injective SOL/USDC PERP
BloFin SOL-USDT