Funding you earn now, next payment 00:00 UTC+0.0329%/8h= +36.0% APRnext payment +$0.41 per $10,000 · paid last 24h −0.006%
Price spread now: Phoenix against Bluefin+0.062%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.917%+$92 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.062% dearer against Bluefin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin SOL-PERP | 118.90 | −0.0214 | get 0.0027% / 1h | 34m 57s | $37K | $17K | 25x |
| Short | Phoenix SOL | 118.97 | 0.0114 | get 0.0014% / 1h | 34m 57s | $6.6M | $13.6M | 25x |
Bluefin SOL-PERP
Phoenix SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bluefin. 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
- $69
- Price spread: +0.062% → 0.000%
- $6.22
- Slippage, 4 orders
- no order book: not counted
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $61.22
- Costs to cover
- 0.140%
- Break-even
- 0.8 days
Slippage unknown: Bluefin: no order-book sample; Phoenix: live order book, 4 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 Bluefin no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 4 min ago | 0.84 bp | 4.6 bp −$5 | 5.7 bp −$57 | 11.2 bp −$1,120 | doesn't fit |
Bluefin: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERPlong | −0.0214% | 1h | 118.90 | long leg | $37K | $17K | 25x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.03 | +0.108% | $844 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0076% | 1h | 118.86 | −0.027% | — | $608K | 20x | as long as short |
| Derive SOL-PERP | −0.0062% | 1h | 118.81 | −0.074% | $2.0M | $2.7M | 13x | as long as short |
| HTX SOL-USDT | −0.0040% | 8h | 118.80 | −0.078% | $231.5M | $44.0M | 75x | as long as short |
| dYdX SOL-USD | −0.0017% | 1h | 119.04 | +0.119% | $5.0M | $25.7M | 20x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0014% | 1h | 118.88 | −0.011% | $32.4M | $96.7M | 100x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.90 | +0.003% | $55K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.02 | +0.105% | $1.2M | $20.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.92 | +0.023% | $154K | $3.9M | 8.3x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
HTX SOL-USDT
dYdX SOL-USD
Kraken Futures PF_SOLUSD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSD | +0.0040% | 1h | 118.87 | −0.022% | $104K | $159K | 20x | as long as short |
| Hibachi SOL/USDT-P | +0.0064% | 1h | 119.04 | +0.122% | $102K | $656K | 20x | as long as short |
| Phemex SOLUSDT | +0.0065% | 8h | 118.88 | −0.013% | $46.6M | $100.5M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0077% | 1h | 118.94 | +0.034% | $26.6M | $24.8M | 50x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 118.90 | +0.001% | — | $10.6M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0081% | 8h | 118.89 | −0.004% | $1.0M | $5.9M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0088% | 1h | 118.91 | +0.008% | $8.1M | $411.1M | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.89 | −0.007% | $14.2M | $55.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.87 | −0.022% | $2.2M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.89 | −0.002% | $348K | $248K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 119.01 | +0.096% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.87 | −0.022% | $47K | $780K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.92 | +0.024% | $5.8M | $41.1M | 40x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.92 | +0.020% | $178.9M | $176.8M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.02 | +0.103% | $12.2M | $123.9M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.91 | +0.012% | $979.0M | $3.76B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.93 | +0.029% | $823.3M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.92 | +0.020% | $370.9M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.95 | +0.045% | $233K | $852K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.93 | +0.025% | $2.0M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.80 | −0.081% | $134.2M | $6.7M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 118.90 | +0.003% | $859.2M | $663.9M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.89 | −0.005% | $427.8M | $1.12B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.91 | +0.012% | $138.1M | $202.6M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.90 | 0.000% | $493.6M | $441.7M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.91 | +0.012% | $24.2M | $37.2M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.01 | +0.093% | $27.0M | $128.6M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.90 | +0.007% | $95.5M | $404.3M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.81 | −0.071% | $48.7M | $29.6M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.01 | +0.095% | $1.5M | $6.1M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.98 | +0.071% | $1.4M | $13.6M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.86 | −0.030% | $358K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.86 | −0.026% | $201K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.94 | +0.037% | $193K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.88 | −0.013% | $6.3M | $10.8M | 20x | as long as short |
| Hyperliquid SOL | +0.0103% | 1h | 119.02 | +0.104% | $721.3M | $399.1M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.89 | −0.004% | $8.6M | $35.2M | 50x | as long as short |
| Phoenix SOLshort | +0.0114% | 1h | 118.97 | +0.062% | $6.6M | $13.6M | 25x | |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.88 | −0.011% | — | $220.1M | 500x | as long as short |
| RISEx SOL/USDC | +0.0161% | 1h | 118.90 | +0.007% | $1.8M | $4.6M | 20x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0165% / S −0.0081% | 1h | 118.88 | −0.014% | $3.7M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 118.66 | −0.198% | $4K | $2K | 12x | as long as short |
| Aftermath Perps SOLUSD | +0.0173% | 1h | 118.91 | +0.014% | $25K | $50K | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0186% | 1h | 118.84 | −0.044% | $1.1M | $524K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.85 | −0.039% | $51.7M | $77.5M | 125x | as long as short |
01 Exchange SOLUSD
Hibachi SOL/USDT-P
Phemex SOLUSDT
Deribit SOL_USDC-PERPETUAL
BingX SOL-USDC
Orderly PERP_SOL_USDC
Coinbase International SOL-PERP-INTX
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
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
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
SunX SOL-USDT
SoDEX SOL-USD
Hyperliquid SOL
Extended SOL-USD
Jupiter Perps SOL-PERP
RISEx SOL/USDC
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
Aftermath Perps SOLUSD
Reya SOLRUSDPERP
BloFin SOL-USDT