Funding you earn now, next payment 01:00 UTC+0.0179%/8h= +19.6% APRnext payment +$0.22 per $10,000 · paid last 24h +0.067%
Price spread now: Phoenix against Vest+0.295%7-day average +0.123% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.218%+$22 on $10k
+Price spread, last 7 days−0.141%−$14 · spread now +0.295%, 7d avg +0.123%
=Together, before fees+0.077%+ Points / potential airdropVest: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.172% dearer against Vest than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.123%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest SOL-PERP | 117.87 | −0.0078 | get 0.0010% / 1h | 44m 41s | — | $610K | 20x |
| Short | Phoenix SOL | 118.22 | 0.0101 | get 0.0013% / 1h | 44m 41s | $6.5M | $13.5M | 25x |
Vest SOL-PERP
Phoenix SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Vest. 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
- $37.57
- Price spread: +0.295% → +0.123%
- $17.22
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $45.79
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 5 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 5 min ago | 0.85 bp | 4.6 bp −$5 | 5.7 bp −$57 | 11.5 bp −$1,146 | doesn't fit |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SOLUSDT | −0.0171% | 1h | 118.09 | +0.185% | $1.5M | $6.1M | 50x | as long as short |
| Hibachi SOL/USDT-P | −0.0088% | 1h | 118.00 | +0.105% | $92K | $707K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 117.92 | +0.041% | $922 | $8K | 25x | as long as short |
| Vest SOL-PERPlong | −0.0078% | 1h | 117.87 | long leg | — | $610K | 20x | |
| HTX SOL-USDT | −0.0037% | 8h | 117.82 | −0.046% | $229.1M | $45.0M | 75x | as long as short |
| Derive SOL-PERP | −0.0022% | 1h | 117.81 | −0.051% | $2.0M | $2.7M | 13x | as long as short |
| Gate SOL_USDT | −0.0010% | 8h | 117.90 | +0.024% | $852.2M | $653.6M | 100x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 117.90 | +0.023% | $53K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 117.92 | +0.043% | $4.5M | $25.9M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 117.94 | +0.054% | $1.5M | $21.4M | 3.1x | as long as short |
ApeX Omni SOLUSDT
Hibachi SOL/USDT-P
Hotstuff SOL-PERP
HTX SOL-USDT
Derive SOL-PERP
Gate SOL_USDT
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl SOL | 0.0000% | 43m | 117.94 | +0.057% | $128K | $3.9M | 8.3x | as long as short |
| RISEx SOL/USDC | +0.0018% | 1h | 117.91 | +0.031% | $1.8M | $4.6M | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0038% | 1h | 117.91 | +0.030% | $26.4M | $25.4M | 50x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0049% | 1h | 117.85 | −0.023% | $31.6M | $98.8M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0072% | 1h | 117.90 | +0.022% | $7.9M | $411.6M | 50x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 117.91 | +0.034% | — | $370.4M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0084% | 8h | 117.89 | +0.014% | $1.1M | $5.9M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0088% | 1h | 117.93 | +0.049% | $102K | $162K | 20x | as long as short |
| Lighter SOL | +0.0096% | 1h | 117.89 | +0.015% | $13.0M | $59.0M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 117.88 | +0.009% | $2.2M | $16.7M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 117.87 | +0.002% | $345K | $264K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 117.89 | +0.015% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 117.87 | −0.002% | $43K | $829K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 117.90 | +0.024% | $5.7M | $41.6M | 40x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 117.89 | +0.015% | $177.1M | $180.5M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 117.94 | +0.056% | $14.0M | $130.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 117.90 | +0.020% | $978.1M | $3.82B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 117.90 | +0.024% | $823.5M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 117.91 | +0.032% | $369.2M | $1.69B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 117.84 | −0.027% | $239K | $895K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 117.95 | +0.065% | $2.0M | $9.0M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 117.89 | +0.015% | $423.3M | $1.10B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 117.94 | +0.060% | $133.8M | $208.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 117.88 | +0.003% | $489.4M | $446.4M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 117.89 | +0.015% | $23.8M | $36.9M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.01 | +0.114% | $24.4M | $129.7M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.06 | +0.162% | $94.8M | $404.5M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.16 | +0.243% | $48.4M | $29.7M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.01 | +0.117% | $1.3M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 117.90 | +0.024% | $358K | $2.3M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 117.89 | +0.018% | $201K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 117.89 | +0.011% | $37K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 117.90 | +0.021% | $191K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 117.86 | −0.010% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 117.90 | +0.024% | $45.9M | $101.6M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.07 | +0.168% | $135.9M | $13.3M | 20x | as long as short |
| Phoenix SOLshort | +0.0101% | 1h | 118.22 | +0.295% | $6.5M | $13.5M | 25x | |
| Extended SOL-USD | +0.0104% | 1h | 117.86 | −0.011% | $8.2M | $35.9M | 50x | as long as short |
| Hyperliquid SOL | +0.0109% | 1h | 117.99 | +0.102% | $718.8M | $402.7M | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0112% / S +0.0056% | 1h | 117.89 | +0.019% | — | $228.5M | 500x | as long as short |
| Reya SOLRUSDPERP | +0.0187% | 1h | 117.89 | +0.018% | $1.1M | $524K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.04 | +0.143% | $52.1M | $74.3M | 125x | as long as short |
| Injective SOL/USDC PERP | +0.0222% | 1h | 118.20 | +0.278% | $4K | $2K | 12x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0167% | 1h | 117.89 | +0.015% | $3.7M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0309% | 1h | 118.03 | +0.136% | $25K | $51K | 20x | as long as short |
Perpl SOL
RISEx SOL/USDC
Deribit SOL_USDC-PERPETUAL
Kraken Futures PF_SOLUSD
Coinbase International SOL-PERP-INTX
BingX SOL-USDT
Orderly PERP_SOL_USDC
01 Exchange SOLUSD
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus 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
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Bulk SOL-USD
Extended SOL-USD
Hyperliquid SOL
Jupiter Perps SOL-PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
Injective SOL/USDC PERP
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD