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Funding arb · Price arb /

SOL

all SOL markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.017%
Price spread now: Phoenix against KuCoin+0.076%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs+$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Long on KuCoinShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.325%+$32 on $10k
Price spread, last 7 days+0.063%+$6 · spread now +0.076%, 7d avg +0.120%
Together, before fees+0.388%+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.044% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.076% now, against its 7-day average of +0.120%). If the spread goes back, that is −$4 on $10k: about 6.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.325% in total) that is about 23 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SOLUSDTM115.920.0100pay 0.0100% / 8h7h 29m$129.3M$237.1M75x
ShortPhoenix SOL116.010.0124get 0.0015% / 1h29m 11s$6.5M$13.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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

Funding earned
$4.99
Price spread: +0.076% → +0.120%
−$4.43
Slippage, 4 orders
−$7.04
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$25.48
Costs to cover
0.260%
Break-even
42.8 days
Slippage from KuCoin: live order book, 10 min ago; Phoenix: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 10 min ago0.73 bp8.9 bp −$99.7 bp −$9716.7 bp −$1,669doesn't fit
Sell Phoenix live order book, 5 min ago0.86 bp4.6 bp −$55.7 bp −$5711.9 bp −$1,185doesn't fit

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h116.11+0.159%$1K$8K25xas long as short
Derive SOL-PERP−0.0065%1h115.82−0.084%$1.8M$2.9M13xas long as short
Kraken Futures PF_SOLUSD−0.0057%1h115.96+0.030%$32.2M$105.0M100xas long as short
Bybit SOLUSDT−0.0011%8h115.91−0.010%$727.8M$1.38B100xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h115.93+0.009%$42K—150xas long as short
dYdX SOL-USD0.0000%1h115.93+0.008%$4.3M$22.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h115.98+0.051%$1.4M$19.3M3.1xas long as short
Perpl SOL0.0000%43m115.94+0.015%$102K$3.4M8.3xas long as short
Vest SOL-PERP+0.0004%1h115.90−0.023%—$641K20xas long as short
Deribit SOL_USDC-PERPETUAL+0.0023%1h115.98+0.053%$26.1M$21.2M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SOLUSDT+0.0023%8h115.91−0.009%$478.6M$446.0M100xas long as short
Coinbase International SOL-PERP-INTX+0.0040%1h115.94+0.016%$7.7M$389.1M50xas long as short
Aster SOLUSDT+0.0050%8h115.91−0.010%$175.9M$169.4M100xas long as short
Orderly PERP_SOL_USDC+0.0067%8h115.92−0.006%$1.0M$5.8M100xas long as short
SoDEX SOL-USD+0.0077%1h115.92−0.002%$6.1M$11.0M20xas long as short
Gate SOL_USDT+0.0095%8h115.93+0.007%$843.8M$613.8M100xas long as short
Lighter SOL+0.0096%1h115.920.000%$13.0M$56.2M25xas long as short
Lighter RH SOL+0.0096%1h115.91−0.009%$2.2M$14.8M25xas long as short
Aevo SOL-PERP+0.0096%1h115.93+0.003%$350K$248K20xas long as short
Paradex SOL-USD-PERP+0.0098%8h115.95+0.024%$1.0M$553K50xas long as short
Katana Perps SOL-USD+0.0100%8h115.90−0.019%$58K$906K20xas long as short
Nado SOL-PERP+0.0100%1h115.93+0.003%$5.4M$41.2M40xas long as short
Hyperliquid SOL+0.0100%1h116.01+0.076%$692.7M$405.7M20xas long as short
Pacifica SOL+0.0100%1h115.98+0.053%$15.6M$130.0M20xas long as short
Binance SOLUSDT+0.0100%8h115.92−0.002%$958.1M$3.81B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h115.93+0.007%$364.8M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h115.95+0.024%$217K$842K10xas long as short
Arcus SOL-USD+0.0100%1h115.94+0.011%$945K$8.4M20xas long as short
MEXC SOL_USDT+0.0100%8h115.91−0.010%$377.3M$1.06B300xas long as short
KuCoin SOLUSDTMlong+0.0100%8h115.92long leg$129.3M$237.1M75x
BingX SOL-USDC+0.0100%8h115.88−0.037%—$10.7M—as long as short
Backpack SOL_USDC_PERP+0.0100%1h115.91−0.010%$22.8M$36.2M50xas long as short
Variational Omni SOL+0.0100%8h115.94+0.012%$24.8M$104.4M—as long as short
edgeX SOLUSDC+0.0100%4h115.95+0.024%$93.1M$405.2M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h115.95+0.028%$47.4M$27.6M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.01+0.076%$1.1M$6.6M50xas long as short
StandX SOL-USD+0.0100%1h115.93+0.007%$1.3M$10.9M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h115.94+0.016%$317K$2.8M20xas long as short
Bullet SOL-USD+0.0100%1h115.91−0.007%$280K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h115.91−0.009%$188K$1.7M30xas long as short
HTX SOL-USDT+0.0100%8h115.89−0.027%$224.4M$50.5M75xas long as short
Phemex SOLUSDT+0.0100%8h115.95+0.024%$45.1M$102.9M50xas long as short
Bulk SOL-USD+0.0100%1h116.25+0.281%$125.8M$25.7M20xas long as short
Extended SOL-USD+0.0104%1h115.88−0.036%$8.3M$35.3M50xas long as short
01 Exchange SOLUSD+0.0112%1h115.94+0.016%$99K$184K20xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0056%1h115.97+0.038%—$230.0M500xas long as short
Phoenix SOLshort+0.0124%1h116.01+0.076%$6.5M$13.4M25x
Hibachi SOL/USDT-P+0.0144%1h115.94+0.017%$102K$676K20xas long as short
Injective SOL/USDC PERP+0.0179%1h116.34+0.361%$4K$12412xas long as short
Reya SOLRUSDPERP+0.0197%1h115.88−0.034%$1.1M$545K25xas long as short
BloFin SOL-USDT+0.0220%8h115.93+0.007%$52.1M$62.7M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0231% / S −0.0169%1h115.92+0.002%$3.5M—200xas long as short
Bluefin SOL-PERP+0.0399%1h115.93+0.006%$27K$36K25xas long as short
Aftermath Perps SOLUSD+0.0408%1h116.10+0.150%$25K$57K20xas long as short
RISEx SOL/USDC+0.0480%1h115.95+0.026%$2.1M$4.8M20xas long as short