Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%
Price spread now: SunX against Phoenix−0.215%69s7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as 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−$530.526% of the position
Funding, last 7 days−0.254%−$25 on $10k
+Price spread, last 3 days (all we have)+0.087%+$9 · spread now −0.215%, 7d avg −0.103%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.113% cheaper against Phoenix than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.103%. The two prices were read 69 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 | 118.92 | 0.0100 | pay 0.0013% / 1h | 25m 54s | $6.6M | $13.7M | 25x |
| Short | SunX SOL-USDT | 118.66 | 0.0100 | get 0.0100% / 8h | 25m 54s | $193K | $1.9M | 30x |
Phoenix SOL
SunX SOL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$0.09
- Price spread: −0.215% → −0.103%
- −$11.25
- Slippage, 4 orders
- −$37.55
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$63.89
- Costs to cover
- 0.526%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 3 min ago; SunX: live order book, 10 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, 3 min ago | 0.84 bp | 4.6 bp −$5 | 5.7 bp −$57 | 15.1 bp −$1,509 | doesn't fit |
| Sell SunX live order book, 10 min ago | 3.08 bp | 19.2 bp −$19 | 30.3 bp −$303 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.70 | −0.187% | $842 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0074% | 1h | 118.67 | −0.209% | — | $723K | 20x | as long as short |
| Derive SOL-PERP | −0.0073% | 1h | 118.58 | −0.282% | $2.0M | $2.8M | 13x | as long as short |
| dYdX SOL-USD | −0.0015% | 1h | 118.73 | −0.163% | $4.9M | $28.0M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 118.71 | −0.177% | $112K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.72 | −0.172% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.73 | −0.160% | $176K | $4.0M | 8.3x | as long as short |
| ApeX Omni SOLUSDT | +0.0019% | 1h | 118.84 | −0.067% | $1.5M | $6.2M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0026% | 1h | 118.71 | −0.173% | $26.6M | $26.0M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0075% | 8h | 118.68 | −0.205% | $1.0M | $5.9M | 100x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
ApeX Omni SOLUSDT
Deribit SOL_USDC-PERPETUAL
Orderly PERP_SOL_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSD | +0.0080% | 1h | 118.73 | −0.160% | $103K | $157K | 20x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 118.67 | −0.209% | — | $372.4M | — | as long as short |
| HTX SOL-USDT | +0.0084% | 8h | 118.57 | −0.293% | $230.8M | $45.1M | 75x | as long as short |
| Gate SOL_USDT | +0.0087% | 8h | 118.61 | −0.261% | $861.3M | $681.3M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.65 | −0.227% | $13.5M | $55.9M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.64 | −0.232% | $2.2M | $16.9M | 25x | as long as short |
| Hibachi SOL/USDT-P | +0.0096% | 1h | 118.76 | −0.137% | $119K | $629K | 20x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.65 | −0.224% | $352K | $748K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0096% | 1h | 118.69 | −0.197% | $8.1M | $415.5M | 50x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 118.71 | −0.173% | $1.0M | $522K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.71 | −0.177% | $45K | $797K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.69 | −0.193% | $6.0M | $40.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 118.75 | −0.143% | $718.5M | $412.4M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.64 | −0.235% | $177.7M | $177.5M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.74 | −0.148% | $12.2M | $121.2M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.67 | −0.210% | $979.4M | $3.83B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.70 | −0.185% | $822.4M | $1.29B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.53 | −0.328% | $370.6M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.68 | −0.202% | $232K | $871K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.72 | −0.164% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.93 | +0.009% | $133.7M | $5.4M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.63 | −0.244% | $430.6M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.63 | −0.245% | $138.0M | $205.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.61 | −0.264% | $491.6M | $460.4M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.65 | −0.227% | $24.2M | $38.5M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.69 | −0.192% | $27.1M | $129.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.84 | −0.064% | $95.5M | $400.7M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.94 | +0.017% | $48.7M | $31.3M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.76 | −0.135% | $1.4M | $13.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.68 | −0.202% | $367K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.69 | −0.197% | $201K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.68 | −0.198% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDTshort | +0.0100% | 8h | 118.66 | −0.215% | $193K | $1.9M | 30x | |
| SoDEX SOL-USD | +0.0100% | 1h | 118.66 | −0.219% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.68 | −0.202% | $46.4M | $102.9M | 50x | as long as short |
| Phoenix SOLlong | +0.0100% | 1h | 118.92 | long leg | $6.6M | $13.7M | 25x | |
| Extended SOL-USD | +0.0104% | 1h | 118.60 | −0.266% | $8.7M | $36.0M | 50x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0105% | 1h | 118.65 | −0.226% | $32.5M | $97.2M | 100x | as long as short |
| Aftermath Perps SOLUSD | +0.0113% | 1h | 118.94 | +0.017% | $24K | $47K | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.78 | −0.115% | — | $226.0M | 500x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0168% / S −0.0066% | 1h | 118.70 | −0.183% | $3.8M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0170% | 1h | 118.91 | −0.008% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0184% | 1h | 118.68 | −0.204% | $1.1M | $538K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.76 | −0.135% | $52.3M | $80.4M | 125x | as long as short |
| RISEx SOL/USDC | +0.0226% | 1h | 118.72 | −0.168% | $1.7M | $5.2M | 20x | as long as short |
01 Exchange SOLUSD
BingX SOL-USDT
HTX SOL-USDT
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Hibachi SOL/USDT-P
Aevo SOL-PERP
Coinbase International SOL-PERP-INTX
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Kraken Futures PF_SOLUSD
Aftermath Perps SOLUSD
Jupiter Perps SOL-PERP
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
RISEx SOL/USDC