Funding you earn now, next payment 06:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.10 per $10,000 · paid last 24h +0.020%
Price spread now: Phoenix against Ondo Perps+0.009%7-day average +0.122% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.243%+$24 on $10k
+Price spread, last 7 days+0.204%+$20 · spread now +0.009%, 7d avg +0.122%
=Together, before fees+0.447%+ Points / potential airdropOndo Perps: Active · farm board+$45 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.114% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.122%). If the spread goes back, that is −$11 on $10k: about 4.9 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SOL-USD.P | 116.46 | 0.0100 | pay 0.0013% / 1h | 31m 30s | $216K | $880K | 10x |
| Short | Phoenix SOL | 116.47 | 0.0178 | get 0.0022% / 1h | 31m 30s | $6.5M | $13.6M | 25x |
Ondo Perps SOL-USD.P
Phoenix SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. 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
- $16.37
- Price spread: +0.009% → +0.122%
- −$11.35
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$6.98
- Costs to cover
- 0.120%
- Break-even
- 10.0 days
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 3 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 3 min ago | 0.86 bp | 4.6 bp −$5 | 5.7 bp −$57 | 11.2 bp −$1,122 | doesn't fit |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi SOL/USDT-P | −0.0152% | 1h | 116.47 | +0.008% | $98K | $690K | 20x | as long as short |
| Bybit SOLUSDT | −0.0115% | 8h | 116.46 | 0.000% | $740.7M | $1.44B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.49 | +0.023% | $1K | $8K | 25x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0072% | 1h | 116.46 | −0.004% | $32.2M | $106.3M | 100x | as long as short |
| Derive SOL-PERP | −0.0053% | 1h | 116.33 | −0.114% | $1.9M | $3.0M | 13x | as long as short |
| Vest SOL-PERP | −0.0022% | 1h | 116.47 | +0.008% | — | $628K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.46 | 0.000% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.47 | +0.008% | $1.5M | $19.4M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.53 | +0.056% | $110K | $3.6M | 8.3x | as long as short |
| dYdX SOL-USD | +0.0022% | 1h | 116.49 | +0.025% | $4.3M | $23.7M | 20x | as long as short |
Hibachi SOL/USDT-P
Bybit SOLUSDT
Hotstuff SOL-PERP
Kraken Futures PF_SOLUSD
Derive SOL-PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
dYdX SOL-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SOL | +0.0032% | 1h | 116.44 | −0.017% | $2.2M | $16.8M | 25x | as long as short |
| 01 Exchange SOLUSD | +0.0040% | 1h | 116.52 | +0.052% | $100K | $177K | 20x | as long as short |
| Bitget SOLUSDT | +0.0045% | 8h | 116.47 | +0.011% | $479.7M | $460.5M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.46 | +0.002% | $8.0M | $403.9M | 50x | as long as short |
| Aster SOLUSDT | +0.0085% | 8h | 116.51 | +0.043% | $175.8M | $172.9M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0088% | 8h | 116.44 | −0.015% | $1.0M | $6.0M | 100x | as long as short |
| Paradex SOL-USD-PERP | +0.0095% | 8h | 116.49 | +0.027% | $1.0M | $551K | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.46 | +0.003% | $13.1M | $60.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.44 | −0.019% | $351K | $252K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 116.45 | −0.009% | $64K | $906K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.46 | 0.000% | $5.5M | $41.1M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.60 | +0.120% | $697.9M | $409.5M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.52 | +0.053% | $15.7M | $130.5M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.48 | +0.020% | $966.9M | $3.89B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.49 | +0.026% | $368.4M | $1.77B | 100x | as long as short |
| Ondo Perps SOL-USD.Plong | +0.0100% | 1h | 116.46 | long leg | $216K | $880K | 10x | |
| Arcus SOL-USD | +0.0100% | 1h | 116.52 | +0.047% | $900K | $8.7M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.45 | −0.009% | $124.6M | $26.6M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.49 | +0.026% | $843.8M | $668.4M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.50 | +0.034% | $362.7M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.49 | +0.024% | $129.8M | $232.6M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.47 | +0.008% | — | $10.7M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.44 | −0.017% | $23.0M | $37.6M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.35 | −0.090% | $24.9M | $111.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.42 | −0.038% | $93.5M | $410.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.48 | +0.017% | $47.7M | $30.7M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.54 | +0.065% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.48 | +0.017% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.49 | +0.026% | $313K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.52 | +0.051% | $248K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.45 | −0.009% | $27K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.44 | −0.013% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.43 | −0.026% | $6.1M | $10.9M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.44 | −0.020% | $225.5M | $50.8M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.42 | −0.034% | $45.3M | $105.2M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.46 | +0.002% | $8.0M | $39.1M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0109% | 1h | 116.50 | +0.035% | $26.4M | $21.8M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.51 | +0.039% | — | $237.0M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0176% | 1h | 116.50 | +0.034% | $4K | $2K | 12x | as long as short |
| Phoenix SOLshort | +0.0178% | 1h | 116.47 | +0.009% | $6.5M | $13.6M | 25x | |
| Reya SOLRUSDPERP | +0.0194% | 1h | 116.47 | +0.008% | $1.1M | $544K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.49 | +0.026% | $52.2M | $67.9M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.46 | +0.002% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0451% | 1h | 116.58 | +0.102% | $2.1M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0499% | 1h | 116.54 | +0.069% | $25K | $56K | 20x | as long as short |
Lighter RH SOL
01 Exchange SOLUSD
Bitget SOLUSDT
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
Orderly PERP_SOL_USDC
Paradex SOL-USD-PERP
Lighter SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDC
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
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Deribit SOL_USDC-PERPETUAL
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD