Funding you earn now, next payment 04:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.174%
Price spread now: Injective against Phemex+0.103%65s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.090%+$9 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 +$1 a day on $10k at the current rate, and Injective is 0.103% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 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 | Phemex SOLUSDT | 116.44 | 0.0100 | pay 0.0100% / 8h | 4h 42m | $45.5M | $101.6M | 50x |
| Short | Injective SOL/USDC PERP | 116.56 | 0.0137 | get 0.0017% / 1h | 42m 12s | $4K | $2K | 12x |
Phemex SOLUSDT
Injective SOL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Phemex. 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
- $7.7
- Price spread: +0.103% → 0.000%
- $10.31
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $5.98
- Costs to cover
- 0.120%
- Break-even
- 1.6 days
Slippage unknown: Phemex: live order book, 2 min ago; Injective: no order-book sample. 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 Phemex live order book, 2 min ago | 0.43 bp | 8.9 bp −$9 | 9.0 bp −$90 | 17.5 bp −$1,752 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest SOL-PERP | −0.0090% | 1h | 116.42 | −0.014% | — | $602K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.46 | +0.020% | $911 | $8K | 25x | as long as short |
| Hibachi SOL/USDT-P | −0.0056% | 1h | 116.59 | +0.129% | $103K | $700K | 20x | as long as short |
| Derive SOL-PERP | −0.0016% | 1h | 116.34 | −0.089% | $1.9M | $2.8M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.43 | −0.009% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.49 | +0.045% | $1.4M | $18.7M | 3.1x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 116.46 | +0.014% | $4.4M | $24.2M | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0032% | 1h | 116.43 | −0.009% | $99K | $169K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0064% | 1h | 116.41 | −0.024% | $7.5M | $403.7M | 50x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0075% | 1h | 116.42 | −0.019% | $31.0M | $100.4M | 100x | as long as short |
Vest SOL-PERP
Hotstuff SOL-PERP
Hibachi SOL/USDT-P
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
dYdX SOL-USD
01 Exchange SOLUSD
Coinbase International SOL-PERP-INTX
Kraken Futures PF_SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0091% | 8h | 116.43 | −0.008% | $1.0M | $5.8M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.42 | −0.018% | $13.0M | $59.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.41 | −0.026% | $2.2M | $16.7M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.44 | −0.001% | $341K | $236K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0098% | 8h | 116.37 | −0.060% | $50K | $866K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 116.52 | +0.069% | $987K | $534K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.39 | −0.044% | $5.4M | $39.5M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.50 | +0.052% | $705.0M | $395.7M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 116.42 | −0.019% | $175.0M | $182.0M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.54 | +0.088% | $15.7M | $129.8M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.45 | +0.009% | $963.9M | $3.78B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 116.40 | −0.034% | $784.9M | $1.34B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.42 | −0.017% | $366.6M | $1.67B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.43 | −0.009% | $232K | $846K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.40 | −0.032% | $2.0M | $9.1M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.65 | +0.180% | $133.5M | $20.6M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.40 | −0.034% | $844.8M | $656.0M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.45 | +0.009% | $418.0M | $1.06B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.45 | +0.008% | $126.1M | $217.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 116.38 | −0.051% | $478.1M | $441.5M | 100x | as long as short |
| BingX SOL-USDT | +0.0100% | 8h | 116.40 | −0.034% | — | $364.7M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.54 | +0.086% | $23.3M | $37.5M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.49 | +0.046% | $24.4M | $114.8M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.46 | +0.021% | $93.5M | $398.2M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.62 | +0.155% | $47.7M | $29.4M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.67 | +0.201% | $1.2M | $6.6M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.60 | +0.137% | $1.3M | $13.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.44 | 0.000% | $321K | $2.5M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.41 | −0.023% | $148K | $1.6M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.41 | −0.023% | $25K | $29K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.42 | −0.018% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.42 | −0.017% | $6.0M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.36 | −0.065% | $225.9M | $46.6M | 75x | as long as short |
| Phemex SOLUSDTlong | +0.0100% | 8h | 116.44 | long leg | $45.5M | $101.6M | 50x | |
| Deribit SOL_USDC-PERPETUAL | +0.0104% | 1h | 116.46 | +0.021% | $26.2M | $25.3M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.36 | −0.067% | $7.9M | $36.6M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.47 | +0.030% | — | $228.5M | 500x | as long as short |
| Injective SOL/USDC PERPshort | +0.0137% | 1h | 116.56 | +0.103% | $4K | $2K | 12x | |
| Phoenix SOL | +0.0137% | 1h | 116.52 | +0.069% | $6.5M | $13.4M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0190% | 1h | 116.40 | −0.036% | $1.1M | $539K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.56 | +0.103% | $51.7M | $72.0M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0232% / S −0.0170% | 1h | 116.42 | −0.018% | $3.5M | — | 200x | as long as short |
| Perpl SOL | +0.0335% | 43m | 116.46 | +0.018% | $140K | $3.7M | 8.3x | as long as short |
| Aftermath Perps SOLUSD | +0.0515% | 1h | 116.62 | +0.152% | $25K | $51K | 20x | as long as short |
| RISEx SOL/USDC | +0.0559% | 1h | 116.47 | +0.026% | $1.9M | $4.9M | 20x | as long as short |
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Paradex SOL-USD-PERP
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
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
BingX SOL-USDT
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
Deribit SOL_USDC-PERPETUAL
Extended SOL-USD
Jupiter Perps SOL-PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Perpl SOL
Aftermath Perps SOLUSD
RISEx SOL/USDC