Funding you earn now, next payment 05:00 UTC−0.0079%/8h= −8.6% APRnext payment −$0.10 per $10,000 · paid last 24h +0.013%
Price spread now: Bluefin against Phoenix−0.221%67s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.890%−$89 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bluefin is 0.221% cheaper against Phoenix than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 67 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 | Phoenix SOL | 115.87 | 0.0179 | pay 0.0022% / 1h | 28m 07s | $6.5M | $13.7M | 25x |
| Short | Bluefin SOL-PERP | 115.61 | 0.0100 | get 0.0013% / 1h | 28m 07s | $25K | $33K | 25x |
Phoenix SOL
Bluefin SOL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Phoenix. 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
- −$16.51
- Price spread: −0.221% → 0.000%
- −$22.09
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$52.61
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 6 min ago; Bluefin: no order-book sample. 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 Phoenix live order book, 6 min ago | 0.86 bp | 4.6 bp −$5 | 5.8 bp −$58 | 15.4 bp −$1,540 | doesn't fit |
| Sell Bluefin no order-book sample | — | — | — | — | — |
Bluefin: 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 | −0.0242% | 1h | 115.63 | −0.208% | $31.6M | $103.2M | 100x | as long as short |
| Hibachi SOL/USDT-P | −0.0184% | 1h | 115.87 | +0.001% | $104K | $693K | 20x | as long as short |
| BingX SOL-USDT | −0.0116% | 8h | 115.64 | −0.200% | — | $368.1M | — | as long as short |
| Bybit SOLUSDT | −0.0115% | 8h | 115.60 | −0.233% | $738.7M | $1.42B | 100x | as long as short |
| Vest SOL-PERP | −0.0088% | 1h | 115.65 | −0.191% | — | $625K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.18 | +0.270% | $1K | $8K | 25x | as long as short |
| Derive SOL-PERP | −0.0073% | 1h | 115.53 | −0.292% | $1.9M | $2.9M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 115.61 | −0.224% | $41K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 115.66 | −0.177% | $1.5M | $19.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 115.67 | −0.174% | $113K | $3.7M | 8.3x | as long as short |
Kraken Futures PF_SOLUSD
Hibachi SOL/USDT-P
BingX SOL-USDT
Bybit SOLUSDT
Vest SOL-PERP
Hotstuff SOL-PERP
Derive 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SOL-USD | +0.0012% | 1h | 115.72 | −0.128% | $4.3M | $24.0M | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0016% | 1h | 115.65 | −0.190% | $98K | $177K | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0027% | 1h | 115.67 | −0.172% | $26.2M | $22.0M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 115.66 | −0.186% | $7.8M | $402.5M | 50x | as long as short |
| Bitget SOLUSDT | +0.0067% | 8h | 115.63 | −0.211% | $478.6M | $455.9M | 100x | as long as short |
| Bullet SOL-USD | +0.0089% | 1h | 115.60 | −0.230% | $147K | $1.6M | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0096% | 8h | 115.63 | −0.205% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 115.63 | −0.207% | $12.9M | $61.0M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 115.62 | −0.216% | $2.2M | $16.9M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 115.63 | −0.211% | $348K | $247K | 20x | as long as short |
| Aster SOLUSDT | +0.0099% | 8h | 115.63 | −0.207% | $173.4M | $184.9M | 100x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 115.61 | −0.224% | $62K | $911K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 115.69 | −0.159% | $1.0M | $550K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 115.65 | −0.191% | $5.2M | $40.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 115.73 | −0.121% | $685.1M | $400.2M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 115.71 | −0.136% | $15.6M | $130.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 115.64 | −0.198% | $961.6M | $3.88B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 115.63 | −0.207% | $360.5M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 115.64 | −0.198% | $215K | $869K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 115.68 | −0.164% | $913K | $8.8M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 115.84 | −0.025% | $125.6M | $19.8M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 115.62 | −0.216% | $838.3M | $667.9M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 115.64 | −0.198% | $356.2M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 115.63 | −0.208% | $124.3M | $229.5M | 75x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 115.65 | −0.190% | $22.8M | $39.8M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 115.67 | −0.175% | $24.7M | $114.3M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 115.77 | −0.082% | $92.9M | $406.6M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 115.76 | −0.095% | $47.4M | $30.8M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 115.81 | −0.051% | $1.1M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 115.83 | −0.035% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 115.60 | −0.233% | $317K | $2.7M | 20x | as long as short |
| Bluefin SOL-PERPshort | +0.0100% | 1h | 115.61 | −0.221% | $25K | $33K | 25x | |
| SunX SOL-USDT | +0.0100% | 8h | 115.63 | −0.211% | $188K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 115.62 | −0.216% | $6.0M | $10.9M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 115.60 | −0.233% | $223.9M | $50.0M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 115.65 | −0.190% | $45.0M | $104.6M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 115.56 | −0.269% | $7.9M | $38.8M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 115.62 | −0.214% | — | $239.6M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 116.55 | +0.587% | $4K | $2K | 12x | as long as short |
| Phoenix SOLlong | +0.0179% | 1h | 115.87 | long leg | $6.5M | $13.7M | 25x | |
| Reya SOLRUSDPERP | +0.0193% | 1h | 115.59 | −0.245% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 115.73 | −0.121% | $51.5M | $67.7M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0173% | 1h | 115.61 | −0.227% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0547% | 1h | 115.71 | −0.136% | $1.9M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0598% | 1h | 115.86 | −0.005% | $25K | $53K | 20x | as long as short |
dYdX SOL-USD
01 Exchange SOLUSD
Deribit SOL_USDC-PERPETUAL
Coinbase International SOL-PERP-INTX
Bitget SOLUSDT
Bullet SOL-USD
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Aster SOLUSDT
Katana Perps SOL-USD
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
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD