SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0141%/8h= −15.4% APRnext payment −$0.18 per $10,000 · paid last 24h −0.055%

Price spread now: gTrade (Gains Network) against Phoenix−0.138%63s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.138% cheaper against Phoenix than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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	116.77	0.0137	pay 0.0017% / 1h	19m 47s	$6.5M	$13.4M	25x
Short	gTrade (Gains Network) SOL/USD	116.61	L −0.0001% / S +0.0004%	pay 0.0001% / 1h	19m 47s	$54K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.138%Rate

Funding earned: −$29.58
Price spread: −0.138% → 0.000%: −$13.79
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$60.37
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 4 min ago; gTrade (Gains Network): 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, 4 min ago	0.86 bp	4.6 bp −$5	5.7 bp −$57	15.3 bp −$1,531	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Hibachi SOL/USDT-P	−0.0128%	1h	116.69	−0.067%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.54	−0.197%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.62	−0.132%	$912	$8K	25x	as long as short
gTrade (Gains Network) SOL/USDshort	L −0.0001% / S +0.0004%	1h	116.61	−0.138%	$54K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	116.62	−0.130%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.63	−0.120%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.53	−0.202%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.60	−0.146%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.61	−0.134%	$7.4M	$404.6M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.59	−0.153%	$31.0M	$100.1M	100x	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	+0.0091%	8h	116.61	−0.135%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.59	−0.151%	$13.0M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.59	−0.156%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	−0.150%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.59	−0.154%	$51K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.68	−0.076%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.60	−0.142%	$5.3M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.67	−0.086%	$704.3M	$395.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.57	−0.171%	$174.7M	$182.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.65	−0.101%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.59	−0.154%	$969.2M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.53	−0.206%	$781.5M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.58	−0.163%	$369.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.74	−0.026%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.64	−0.108%	$926K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.59	−0.154%	$841.2M	$663.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.60	−0.146%	$386.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.59	−0.155%	$128.2M	$219.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.55	−0.188%	$478.8M	$441.1M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.58	−0.163%	—	$365.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.57	−0.171%	$23.4M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.50	−0.228%	$24.4M	$113.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	−0.082%	$93.7M	$398.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.70	−0.059%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.81	+0.034%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.77	0.000%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.58	−0.163%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.58	−0.163%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.59	−0.157%	$25K	$30K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.62	−0.126%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.60	−0.146%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.51	−0.222%	$226.1M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.60	−0.146%	$45.7M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	−0.060%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.54	−0.195%	$8.2M	$37.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0115%	1h	116.65	−0.104%	$26.3M	$25.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.58	−0.163%	—	$231.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	−0.034%	$4K	$2K	12x	as long as short
Phoenix SOLlong	+0.0137%	1h	116.77	long leg	$6.5M	$13.4M	25x
Reya SOLRUSDPERP	+0.0190%	1h	116.55	−0.192%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.62	−0.128%	$51.7M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0171%	1h	116.60	−0.143%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.60	−0.147%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0529%	1h	116.68	−0.075%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.69	−0.071%	$1.9M	$4.9M	20x	as long as short