Funding you earn now, next payment 22:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h −0.164%
Price spread now: Phemex against Injective−0.176%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phemex is 0.176% cheaper against Injective than usual: you would sell low and buy high (spread −0.176% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 2.3 days of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SOL/USDC PERP | 119.41 | −0.0151 | get 0.0019% / 1h | 7m 12s | $4K | $2K | 12x |
| Short | Phemex SOLUSDT | 119.20 | 0.0100 | get 0.0100% / 8h | 2h 07m | $46.6M | $101.8M | 50x |
Injective SOL/USDC PERP
Phemex SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- $52.78
- Price spread: −0.176% → 0.000%
- −$17.59
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $23.17
- Costs to cover
- 0.120%
- Break-even
- 3.9 days
Slippage unknown: Injective: no order-book sample; Phemex: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 2 min ago | 0.42 bp | 7.1 bp −$7 | 8.1 bp −$81 | 15.1 bp −$1,506 | doesn't fit |
Injective: 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 PERPlong | −0.0151% | 1h | 119.41 | long leg | $4K | $2K | 12x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.27 | −0.120% | $846 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0071% | 1h | 119.20 | −0.174% | — | $724K | 20x | as long as short |
| Derive SOL-PERP | −0.0056% | 1h | 119.14 | −0.226% | $2.0M | $3.1M | 13x | as long as short |
| dYdX SOL-USD | −0.0007% | 1h | 119.29 | −0.102% | $4.9M | $27.1M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.24 | −0.139% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.24 | −0.146% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.28 | −0.112% | $178K | $4.0M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 119.24 | −0.143% | $26.7M | $27.7M | 50x | as long as short |
| Aftermath Perps SOLUSD | +0.0041% | 1h | 119.40 | −0.011% | $24K | $47K | 20x | 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
Deribit SOL_USDC-PERPETUAL
Aftermath Perps SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SOL-USDT | +0.0056% | 8h | 119.19 | −0.185% | $232.2M | $44.7M | 75x | as long as short |
| Orderly PERP_SOL_USDC | +0.0062% | 8h | 119.23 | −0.147% | $1.1M | $5.9M | 100x | as long as short |
| Hibachi SOL/USDT-P | +0.0064% | 1h | 119.30 | −0.092% | $120K | $633K | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 119.29 | −0.100% | $104K | $152K | 20x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.16 | −0.209% | — | $10.5M | — | as long as short |
| Gate SOL_USDT | +0.0089% | 8h | 119.21 | −0.167% | $870.6M | $689.2M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.16 | −0.211% | $13.6M | $55.6M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.14 | −0.224% | $2.1M | $17.0M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.21 | −0.164% | $354K | $747K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.24 | −0.139% | $1.0M | $523K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.27 | −0.117% | $49K | $785K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.25 | −0.135% | $6.3M | $42.0M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.26 | −0.126% | $719.5M | $413.7M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.21 | −0.166% | $178.9M | $176.0M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.31 | −0.085% | $12.4M | $115.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.14 | −0.223% | $976.4M | $3.78B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.16 | −0.209% | $824.0M | $1.27B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.15 | −0.218% | $371.1M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.18 | −0.193% | $234K | $873K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.31 | −0.080% | $2.0M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.25 | −0.134% | $133.7M | $10.9M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.15 | −0.218% | $449.2M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.17 | −0.201% | $140.3M | $198.4M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.16 | −0.209% | $497.1M | $453.1M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.16 | −0.209% | $24.3M | $38.2M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.41 | +0.002% | $27.4M | $127.6M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.32 | −0.079% | $95.8M | $397.7M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.29 | −0.097% | $48.8M | $33.1M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.29 | −0.100% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.30 | −0.092% | $1.4M | $13.3M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.24 | −0.142% | $364K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.22 | −0.162% | $201K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.25 | −0.136% | $38K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.20 | −0.172% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.16 | −0.209% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDTshort | +0.0100% | 8h | 119.20 | −0.176% | $46.6M | $101.8M | 50x | |
| Extended SOL-USD | +0.0104% | 1h | 119.18 | −0.189% | $8.7M | $36.6M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.19 | −0.180% | $8.2M | $416.3M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.29 | −0.098% | — | $221.8M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 119.34 | −0.059% | $6.6M | $12.5M | 25x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0171% / S −0.0089% | 1h | 119.24 | −0.144% | $3.6M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 119.29 | −0.100% | $1.6M | $6.0M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 119.23 | −0.148% | $1.1M | $558K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.15 | −0.218% | $52.0M | $86.7M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0223% | 1h | 119.17 | −0.198% | $35.4M | $91.3M | 100x | as long as short |
HTX SOL-USDT
Orderly PERP_SOL_USDC
Hibachi SOL/USDT-P
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
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Phoenix SOL
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
Kraken Futures PF_SOLUSD