SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0001%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.029%

Price spread now: Bullet against Phoenix−0.040%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on Phoenix Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.128%−$13 on $10k

Price spread, last 7 days−0.114%−$11 · spread now −0.040%, 7d avg −0.106%

Together, before fees−0.241%−$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.066% dearer against Phoenix than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SOL	117.52	0.0101	pay 0.0013% / 1h	2m 39s	$6.5M	$13.5M	25x
Short	Bullet SOL-USD	117.47	0.0100	get 0.0013% / 1h	2m 39s	$200K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Phoenix. 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 PhoenixbpFee BulletbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$0.29
Price spread: −0.040% → −0.106%: $6.56
Slippage, 4 orders: −$6.14
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$14.87
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from Phoenix: live order book, 7 min ago; Bullet: live order book, 1 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 Phoenix live order book, 7 min ago	0.85 bp	4.6 bp −$5	5.7 bp −$57	15.2 bp −$1,524	doesn't fit
Sell Bullet live order book, 1 min ago	0.38 bp	6.5 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit

SOL on 54 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	117.56	+0.031%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	117.47	−0.042%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.51	−0.008%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.47	−0.044%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.62	+0.085%	$1.4M	$20.3M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.53	+0.008%	$1.9M	$4.9M	20x	as long as short
Derive SOL-PERP	+0.0021%	1h	117.47	−0.039%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0036%	8h	117.47	−0.043%	$228.2M	$45.4M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.55	+0.026%	$31.5M	$98.6M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0051%	1h	117.59	+0.061%	$26.4M	$25.4M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0056%	1h	117.56	+0.033%	$100K	$690K	20x	as long as short
Gate SOL_USDT	+0.0071%	8h	117.45	−0.060%	$847.8M	$668.2M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.55	+0.029%	$8.0M	$405.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.46	−0.049%	—	$367.7M	—	as long as short
ApeX Omni SOLUSDT	+0.0083%	1h	117.49	−0.024%	$1.5M	$6.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.55	+0.028%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.46	−0.049%	$13.0M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.45	−0.063%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.54	+0.017%	$100K	$161K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.53	+0.009%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.49	−0.026%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.47	−0.043%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.59	+0.064%	$5.8M	$40.3M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.44	−0.068%	$176.3M	$177.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.48	−0.033%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.46	−0.051%	$968.3M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.47	−0.042%	$820.1M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.47	−0.043%	$366.1M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.42	−0.085%	$238K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.48	−0.033%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.47	−0.043%	$423.6M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.46	−0.048%	$130.4M	$211.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.46	−0.049%	$486.9M	$436.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.46	−0.051%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.52	+0.004%	$24.3M	$120.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.48	−0.030%	$94.4M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	−0.074%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.57	+0.043%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.49	−0.026%	$354K	$2.4M	20x	as long as short
Bullet SOL-USDshort	+0.0100%	1h	117.47	−0.040%	$200K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	117.54	+0.017%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.50	−0.018%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.55	+0.026%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.49	−0.026%	$45.7M	$100.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	−0.055%	$134.5M	$14.2M	20x	as long as short
Phoenix SOLlong	+0.0101%	1h	117.52	long leg	$6.5M	$13.5M	25x
Extended SOL-USD	+0.0104%	1h	117.44	−0.071%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.49	−0.029%	—	$222.2M	500x	as long as short
Hyperliquid SOL	+0.0120%	1h	117.59	+0.060%	$717.2M	$395.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.47	−0.045%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.45	−0.060%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.48	−0.035%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0351%	1h	117.53	+0.005%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.56	+0.031%	$128K	$3.8M	8.3x	as long as short