Funding you earn now, next payment 07:00 UTC−0.0210%/8h= −23.0% APRnext payment −$0.26 per $10,000 · paid last 24h −0.073%
Price spread now: Hotstuff against Phoenix−0.018%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SOL | 116.35 | 0.0130 | pay 0.0016% / 1h | 56m 44s | $6.5M | $13.4M | 25x |
| Short | Hotstuff SOL-PERP | 116.33 | −0.0080 | pay 0.0010% / 1h | 56m 44s | $1K | $8K | 25x |
Phoenix SOL
Hotstuff SOL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$44.19
- Price spread: −0.018% → 0.000%
- −$1.8
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$57.99
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 2 min ago; Hotstuff: 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, 2 min ago | 0.86 bp | 4.6 bp −$5 | 5.7 bp −$57 | 15.3 bp −$1,534 | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex SOLUSDT | −0.0571% | 8h | 116.44 | +0.077% | $45.3M | $103.9M | 50x | as long as short |
| Hotstuff SOL-PERPshort | −0.0080% | 1h | 116.33 | −0.018% | $1K | $8K | 25x | |
| Kraken Futures PF_SOLUSD | −0.0057% | 1h | 116.46 | +0.092% | $32.3M | $106.8M | 100x | as long as short |
| Vest SOL-PERP | −0.0019% | 1h | 116.37 | +0.021% | — | $636K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.45 | +0.088% | $42K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 116.41 | +0.052% | $4.3M | $23.4M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.40 | +0.042% | $1.4M | $19.4M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.39 | +0.039% | $99K | $3.4M | 8.3x | as long as short |
| Derive SOL-PERP | +0.0007% | 1h | 116.38 | +0.027% | $1.9M | $3.0M | 13x | as long as short |
| Bitget SOLUSDT | +0.0024% | 8h | 116.44 | +0.075% | $480.6M | $456.5M | 100x | as long as short |
Phemex SOLUSDT
Kraken Futures PF_SOLUSD
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOL
Derive SOL-PERP
Bitget SOLUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi SOL/USDT-P | +0.0032% | 1h | 116.28 | −0.056% | $102K | $678K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0040% | 1h | 116.45 | +0.086% | $7.8M | $397.1M | 50x | as long as short |
| Aster SOLUSDT | +0.0054% | 8h | 116.43 | +0.069% | $176.9M | $169.1M | 100x | as long as short |
| Bybit SOLUSDT | +0.0064% | 8h | 116.38 | +0.022% | $731.7M | $1.42B | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0070% | 8h | 116.44 | +0.081% | $1.0M | $6.0M | 100x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0082% | 1h | 116.49 | +0.122% | $26.2M | $22.0M | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.41 | +0.055% | $13.1M | $55.7M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.40 | +0.040% | $2.1M | $14.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.43 | +0.065% | $351K | $256K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0096% | 8h | 116.44 | +0.077% | $1.0M | $554K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 116.41 | +0.052% | $64K | $903K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.35 | 0.000% | $5.4M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.55 | +0.172% | $696.2M | $409.7M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.47 | +0.101% | $15.7M | $130.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.42 | +0.057% | $963.1M | $3.85B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.39 | +0.034% | $366.5M | $1.76B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.37 | +0.017% | $217K | $855K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.44 | +0.079% | $920K | $8.5M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.33 | −0.020% | $125.6M | $25.5M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.43 | +0.069% | $846.0M | $604.7M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.44 | +0.077% | $372.4M | $1.05B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.41 | +0.052% | $129.5M | $236.9M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.41 | +0.052% | — | $10.7M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.45 | +0.086% | $22.9M | $35.8M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.15 | −0.172% | $24.8M | $107.3M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.23 | −0.100% | $93.4M | $404.2M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.27 | −0.070% | $47.6M | $29.1M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.27 | −0.066% | $1.2M | $6.7M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.32 | −0.026% | $1.3M | $11.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.46 | +0.095% | $319K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.46 | +0.092% | $281K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.44 | +0.074% | $27K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.43 | +0.068% | $189K | $1.7M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.42 | +0.060% | $6.1M | $11.0M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.40 | +0.043% | $225.4M | $50.6M | 75x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.41 | +0.051% | $8.2M | $36.7M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0120% | 1h | 116.48 | +0.112% | $100K | $181K | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.26 | −0.081% | — | $232.2M | 500x | as long as short |
| Phoenix SOLlong | +0.0130% | 1h | 116.35 | long leg | $6.5M | $13.4M | 25x | |
| Injective SOL/USDC PERP | +0.0179% | 1h | 116.34 | −0.009% | $4K | $124 | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0196% | 1h | 116.39 | +0.032% | $1.1M | $545K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.45 | +0.086% | $52.1M | $64.5M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.44 | +0.081% | $3.5M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0423% | 1h | 116.32 | −0.027% | $25K | $57K | 20x | as long as short |
| RISEx SOL/USDC | +0.0480% | 1h | 116.51 | +0.141% | $2.1M | $4.7M | 20x | as long as short |
Hibachi SOL/USDT-P
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
Bybit SOLUSDT
Orderly PERP_SOL_USDC
Deribit SOL_USDC-PERPETUAL
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
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
BingX SOL-USDC
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Extended SOL-USD
01 Exchange SOLUSD
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
RISEx SOL/USDC