SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0273%/8h= +29.9% APRnext payment +$0.34 per $10,000 · paid last 24h +0.020%

Price spread now: RISEx against Phoenix−0.163%7-day average −0.129% · 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−$20as in the Price arb table

costs, in and out, $10k−$170.167% of the position

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.163%, 7d avg −0.129%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.035% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of −0.129%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$8 a day).

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.031% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SOL	116.66	0.0178	pay 0.0022% / 1h	44m 50s	$6.5M	$13.6M	25x
Short	RISEx SOL/USDC	116.47	0.0451	get 0.0056% / 1h	44m 50s	$2.1M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.163%Rate

Funding earned: $57.27
Price spread: −0.163% → −0.129%: −$3.48
Slippage, 4 orders: −$3.67
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $37.12
Costs to cover: 0.167%
Break-even: 2.5 days

Slippage from Phoenix: live order book, 4 min ago; RISEx: 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, 4 min ago	0.86 bp	4.6 bp −$5	5.7 bp −$57	15.3 bp −$1,532	doesn't fit
Sell RISEx live order book, 4 min ago	0.04 bp	3.3 bp −$3	6.6 bp −$66	doesn't fit	doesn't fit

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	−0.0112%	1h	116.39	−0.231%	$97K	$687K	20x	as long as short
Bybit SOLUSDT	−0.0111%	8h	116.60	−0.051%	$742.1M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.43	−0.195%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.68	+0.013%	$32.6M	$104.7M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.60	−0.053%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0011%	1h	116.52	−0.118%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.67	+0.009%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.46	−0.175%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.63	−0.027%	$113K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0014%	1h	116.42	−0.206%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0040%	1h	116.63	−0.028%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.41	−0.214%	$100K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	+0.003%	$8.2M	$405.6M	50x	as long as short
Bitget SOLUSDT	+0.0050%	8h	116.59	−0.057%	$480.2M	$463.0M	100x	as long as short
SoDEX SOL-USD	+0.0066%	1h	116.64	−0.017%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	116.64	−0.014%	$1.0M	$6.0M	100x	as long as short
Aster SOLUSDT	+0.0090%	8h	116.60	−0.051%	$175.8M	$176.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.64	−0.015%	$13.1M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.65	−0.009%	$349K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.39	−0.231%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.37	−0.249%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.51	−0.131%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.73	+0.060%	$698.4M	$410.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.42	−0.207%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.62	−0.034%	$968.9M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.62	−0.034%	$370.8M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	−0.129%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.41	−0.218%	$903K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.094%	$125.4M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.61	−0.043%	$844.9M	$665.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.61	−0.043%	$361.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.60	−0.048%	$129.0M	$232.3M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.58	−0.073%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.65	−0.009%	$23.1M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.33	−0.279%	$24.8M	$112.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.46	−0.174%	$93.5M	$411.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.44	−0.189%	$47.7M	$31.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.51	−0.129%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.44	−0.189%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.59	−0.060%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	0.000%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.67	+0.012%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.38	−0.244%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	−0.037%	$225.8M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.65	−0.009%	$45.4M	$105.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.56	−0.087%	$8.0M	$39.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.43	−0.196%	—	$235.7M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0139%	1h	116.72	+0.054%	$26.4M	$21.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	−0.137%	$4K	$2K	12x	as long as short
Phoenix SOLlong	+0.0178%	1h	116.66	long leg	$6.5M	$13.6M	25x
Reya SOLRUSDPERP	+0.0194%	1h	116.57	−0.077%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.65	−0.009%	$52.4M	$68.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.67	+0.009%	$3.5M	—	200x	as long as short
RISEx SOL/USDCshort	+0.0451%	1h	116.47	−0.163%	$2.1M	$4.9M	20x
Aftermath Perps SOLUSD	+0.0492%	1h	116.61	−0.042%	$25K	$56K	20x	as long as short