SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0103%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h −0.022%

Price spread now: Coinbase International against Phoenix−0.235%72s7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.195% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.235%, 7d avg −0.068%

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.167% cheaper against Phoenix than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.068%). Swap the legs. The two prices were read 72 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	117.05	0.0151	pay 0.0019% / 1h	49m 45s	$6.5M	$13.8M	25x
Short	Coinbase International SOL-PERP-INTX	116.78	0.0048	get 0.0006% / 1h	49m 45s	$7.4M	$404.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.235%Rate

Funding earned: −$21.55
Price spread: −0.235% → −0.068%: −$16.66
Slippage, 4 orders: −$2.51
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$57.72
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from Phoenix: live order book, 9 min ago; Coinbase International: 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 Phoenix live order book, 9 min ago	0.86 bp	4.6 bp −$5	5.7 bp −$57	15.3 bp −$1,532	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.04 bp	5.1 bp −$5	7.5 bp −$75	13.8 bp −$1,380	269.3 bp −$134.6K

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	−0.0193%	1h	116.79	−0.218%	$31.2M	$100.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0160%	1h	117.03	−0.013%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0092%	1h	116.75	−0.252%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.98	−0.063%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.76	−0.248%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.98	−0.057%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0004%	1h	116.81	−0.205%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0030%	1h	116.69	−0.310%	$1.9M	$2.8M	13x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0048%	1h	116.78	−0.235%	$7.4M	$404.8M	50x
01 Exchange SOLUSD	+0.0088%	1h	116.76	−0.248%	$99K	$174K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0093%	8h	116.76	−0.249%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.72	−0.286%	$13.0M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.71	−0.291%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.76	−0.246%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.72	−0.282%	$50K	$882K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.80	−0.214%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.79	−0.224%	$5.4M	$40.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.82	−0.196%	$705.1M	$393.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.70	−0.299%	$174.7M	$183.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.84	−0.184%	$15.8M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.72	−0.282%	$974.0M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.62	−0.366%	$770.2M	$1.37B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.72	−0.282%	$367.7M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.90	−0.128%	$230K	$838K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.82	−0.198%	$926K	$8.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.70	−0.299%	$850.3M	$657.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.72	−0.282%	$365.8M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.71	−0.290%	$129.1M	$222.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.68	−0.319%	$480.1M	$443.0M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.69	−0.304%	—	$365.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.75	−0.256%	$23.1M	$39.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.95	−0.082%	$24.6M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.88	−0.144%	$93.8M	$398.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.05	0.000%	$47.8M	$30.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.99	−0.048%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.99	−0.051%	$1.3M	$12.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.72	−0.282%	$322K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.77	−0.237%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.75	−0.257%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.96	−0.078%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.78	−0.231%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.80	−0.212%	$226.4M	$47.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.83	−0.188%	$45.8M	$102.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.90	−0.128%	$134.0M	$22.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.65	−0.338%	$8.3M	$37.5M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.72	−0.282%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.95	−0.082%	—	$231.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0143%	1h	116.82	−0.196%	$26.4M	$23.3M	50x	as long as short
Phoenix SOLlong	+0.0151%	1h	117.05	long leg	$6.5M	$13.8M	25x
Reya SOLRUSDPERP	+0.0191%	1h	116.71	−0.289%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.00	−0.043%	$52.0M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.75	−0.259%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.79	−0.220%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0515%	1h	116.88	−0.147%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.87	−0.150%	$1.9M	$4.8M	20x	as long as short