Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.008%
Price spread now: Phemex against Jupiter Perps+0.046%7-day average +0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.046%, 7d avg +0.004%
=The price spread pays, funding is against you. Phemex is 0.042% dearer against Jupiter Perps than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.004%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Jupiter Perps SOL-PERP | 115.79 | L +0.0120% / S +0.0048% | pay 0.0015% / 1h | 33m 17s | — | $239.4M | 500x |
| Short | Phemex SOLUSDT | 115.84 | 0.0100 | get 0.0100% / 8h | 2h 33m | $45.1M | $104.5M | 50x |
Jupiter Perps SOL-PERP
Phemex SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Jupiter Perps. 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
- −$4.2
- Price spread: +0.046% → +0.004%
- $4.22
- Slippage, 4 orders
- no order book: not counted
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$23.98
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Jupiter Perps: no order-book sample; Phemex: live order book, 6 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 Jupiter Perps no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 6 min ago | 1.29 bp | 7.3 bp −$7 | 8.5 bp −$85 | 21.6 bp −$2,158 | doesn't fit |
Jupiter Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOLUSD | −0.0241% | 1h | 115.81 | +0.023% | $31.7M | $103.8M | 100x | as long as short |
| Hibachi SOL/USDT-P | −0.0200% | 1h | 115.86 | +0.062% | $104K | $693K | 20x | as long as short |
| Derive SOL-PERP | −0.0125% | 1h | 115.70 | −0.072% | $1.9M | $2.9M | 13x | as long as short |
| Bybit SOLUSDT | −0.0116% | 8h | 115.74 | −0.040% | $740.1M | $1.42B | 100x | as long as short |
| BingX SOL-USDC | −0.0115% | 8h | 115.74 | −0.043% | — | $10.6M | — | as long as short |
| Vest SOL-PERP | −0.0103% | 1h | 115.80 | +0.014% | — | $625K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.06 | +0.239% | $1K | $8K | 25x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 115.79 | +0.003% | $41K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 115.83 | +0.036% | $1.5M | $19.2M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 115.81 | +0.023% | $113K | $3.7M | 8.3x | as long as short |
Kraken Futures PF_SOLUSD
Hibachi SOL/USDT-P
Derive SOL-PERP
Bybit SOLUSDT
BingX SOL-USDC
Vest SOL-PERP
Hotstuff SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSD | +0.0008% | 1h | 115.80 | +0.012% | $99K | $176K | 20x | as long as short |
| dYdX SOL-USD | +0.0015% | 1h | 115.80 | +0.012% | $4.3M | $24.6M | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 115.81 | +0.018% | $7.8M | $403.7M | 50x | as long as short |
| Bitget SOLUSDT | +0.0069% | 8h | 115.76 | −0.025% | $479.3M | $454.7M | 100x | as long as short |
| Bullet SOL-USD | +0.0083% | 1h | 115.77 | −0.011% | $147K | $1.6M | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0095% | 8h | 115.80 | +0.010% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 115.78 | −0.001% | $12.9M | $60.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 115.77 | −0.013% | $2.2M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 115.80 | +0.012% | $348K | $247K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 115.81 | +0.020% | $64K | $907K | 20x | as long as short |
| Aster SOLUSDT | +0.0099% | 8h | 115.76 | −0.021% | $173.7M | $184.0M | 100x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 115.79 | +0.002% | $1.0M | $550K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 115.76 | −0.021% | $5.2M | $40.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 115.86 | +0.063% | $686.4M | $399.1M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 115.80 | +0.013% | $15.5M | $130.6M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 115.84 | +0.046% | $962.0M | $3.88B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 115.78 | −0.006% | $361.0M | $1.73B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 115.85 | +0.055% | $216K | $872K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 115.87 | +0.070% | $915K | $8.8M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.24 | +0.389% | $130.1M | $16.3M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 115.77 | −0.014% | $838.6M | $666.5M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 115.78 | −0.006% | $356.4M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 115.78 | −0.007% | $123.6M | $229.0M | 75x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 115.82 | +0.029% | $22.8M | $40.3M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.00 | +0.182% | $24.8M | $114.4M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.13 | +0.294% | $93.2M | $406.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 115.99 | +0.176% | $47.5M | $30.9M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.19 | +0.347% | $1.1M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 115.95 | +0.141% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 115.76 | −0.023% | $318K | $2.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 115.77 | −0.011% | $25K | $33K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 115.79 | −0.001% | $188K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 115.79 | +0.003% | $6.0M | $10.9M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 115.77 | −0.011% | $224.2M | $50.0M | 75x | as long as short |
| Phemex SOLUSDTshort | +0.0100% | 8h | 115.84 | +0.046% | $45.1M | $104.5M | 50x | |
| Extended SOL-USD | +0.0104% | 1h | 115.74 | −0.041% | $7.9M | $38.8M | 50x | as long as short |
| Jupiter Perps SOL-PERPlong | L +0.0120% / S +0.0048% | 1h | 115.79 | long leg | — | $239.4M | 500x | |
| Deribit SOL_USDC-PERPETUAL | +0.0120% | 1h | 115.85 | +0.059% | $26.2M | $22.0M | 50x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 116.55 | +0.659% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0179% | 1h | 116.11 | +0.279% | $6.5M | $13.7M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0193% | 1h | 115.75 | −0.035% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 115.81 | +0.020% | $51.8M | $67.8M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0173% | 1h | 115.78 | −0.006% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0547% | 1h | 115.91 | +0.103% | $1.9M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0604% | 1h | 116.02 | +0.204% | $25K | $53K | 20x | as long as short |
01 Exchange SOLUSD
dYdX SOL-USD
Coinbase International SOL-PERP-INTX
Bitget SOLUSDT
Bullet SOL-USD
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Aster SOLUSDT
Paradex SOL-USD-PERP
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Extended SOL-USD
Deribit SOL_USDC-PERPETUAL
Injective SOL/USDC PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD