Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.034%
Price spread now: Aevo against Phoenix+0.005%66s7-day average −0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days−0.342%−$34 on $10k
+Price spread, last 3 days (all we have)−0.149%−$15 · spread now +0.005%, 7d avg −0.101%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.106% dearer against Phoenix than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.101%. The two prices were read 66 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 | Phoenix SOL | 118.85 | 0.0100 | pay 0.0013% / 1h | 58m 10s | $6.6M | $13.5M | 25x |
| Short | Aevo SOL-PERP | 118.86 | 0.0096 | get 0.0012% / 1h | 58m 10s | $352K | $570K | 20x |
Phoenix SOL
Aevo SOL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Phoenix. 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
- −$0.93
- Price spread: +0.005% → −0.101%
- $10.65
- Slippage, 4 orders
- −$14.63
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$27.91
- Costs to cover
- 0.376%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 6 min ago; Aevo: live order book, 16 min ago.
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 Phoenix live order book, 6 min ago | 0.84 bp | 4.6 bp −$5 | 5.7 bp −$57 | 15.1 bp −$1,510 | doesn't fit |
| Sell Aevo live order book, 16 min ago | 3.08 bp | 14.5 bp −$14 | 24.9 bp −$249 | 37.7 bp −$3,767 | doesn't fit |
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-PERP | −0.0333% | 1h | 118.85 | +0.001% | $37K | $17K | 25x | as long as short |
| dYdX SOL-USD | −0.0092% | 1h | 118.77 | −0.064% | $4.9M | $28.0M | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.83 | −0.019% | $842 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0079% | 1h | 118.78 | −0.058% | — | $723K | 20x | as long as short |
| Derive SOL-PERP | −0.0062% | 1h | 118.76 | −0.073% | $2.0M | $2.8M | 13x | as long as short |
| Gate SOL_USDT | −0.0038% | 8h | 118.87 | +0.017% | $861.5M | $657.3M | 100x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0014% | 1h | 118.87 | +0.015% | $32.6M | $97.0M | 100x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.86 | +0.008% | $55K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.86 | +0.007% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.83 | −0.017% | $175K | $3.9M | 8.3x | as long as short |
Bluefin SOL-PERP
dYdX SOL-USD
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
Gate SOL_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SOLUSDT | +0.0029% | 1h | 118.78 | −0.058% | $1.5M | $6.1M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0040% | 1h | 118.86 | +0.008% | $103K | $158K | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0077% | 1h | 118.89 | +0.034% | $26.6M | $25.7M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0078% | 8h | 118.85 | −0.003% | $1.0M | $5.9M | 100x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 118.86 | +0.008% | — | $369.8M | — | as long as short |
| Hibachi SOL/USDT-P | +0.0080% | 1h | 118.97 | +0.104% | $121K | $642K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0088% | 1h | 118.87 | +0.016% | $8.2M | $416.7M | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.86 | +0.013% | $13.4M | $54.5M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.86 | +0.008% | $2.1M | $16.5M | 25x | as long as short |
| Aevo SOL-PERPshort | +0.0096% | 1h | 118.86 | +0.005% | $352K | $570K | 20x | |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 118.80 | −0.044% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.83 | −0.017% | $45K | $797K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.83 | −0.013% | $5.8M | $41.0M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 118.98 | +0.108% | $720.2M | $408.4M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.85 | 0.000% | $178.5M | $177.3M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.83 | −0.020% | $12.2M | $122.9M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.88 | +0.025% | $979.7M | $3.82B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.88 | +0.025% | $823.1M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.85 | 0.000% | $371.3M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.82 | −0.025% | $231K | $882K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.84 | −0.011% | $1.9M | $9.1M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.81 | −0.030% | $133.9M | $4.4M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.87 | +0.017% | $429.8M | $1.11B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.85 | −0.002% | $138.1M | $207.2M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.86 | +0.005% | $493.0M | $458.4M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.89 | +0.034% | $24.2M | $38.5M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.79 | −0.051% | $27.0M | $128.8M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.78 | −0.057% | $95.4M | $403.7M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.90 | +0.042% | $48.7M | $30.5M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.92 | +0.059% | $1.4M | $13.7M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.81 | −0.034% | $360K | $2.5M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.84 | −0.012% | $202K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.80 | −0.045% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.84 | −0.008% | $6.2M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 118.83 | −0.017% | $231.3M | $45.0M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.85 | 0.000% | $46.5M | $102.5M | 50x | as long as short |
| Phoenix SOLlong | +0.0100% | 1h | 118.85 | long leg | $6.6M | $13.5M | 25x | |
| Extended SOL-USD | +0.0104% | 1h | 118.81 | −0.035% | $8.7M | $36.0M | 50x | as long as short |
| Aftermath Perps SOLUSD | +0.0117% | 1h | 118.80 | −0.040% | $24K | $47K | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.87 | +0.020% | — | $225.7M | 500x | as long as short |
| RISEx SOL/USDC | +0.0161% | 1h | 118.86 | +0.007% | $1.8M | $4.8M | 20x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0166% / S −0.0084% | 1h | 118.86 | +0.010% | $3.5M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 118.66 | −0.160% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0185% | 1h | 118.79 | −0.051% | $1.1M | $533K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.87 | +0.017% | $51.9M | $80.3M | 125x | as long as short |
ApeX Omni SOLUSDT
01 Exchange SOLUSD
Deribit SOL_USDC-PERPETUAL
Orderly PERP_SOL_USDC
BingX SOL-USDT
Hibachi SOL/USDT-P
Coinbase International SOL-PERP-INTX
Lighter SOL
Lighter RH SOL
Paradex SOL-USD-PERP
Katana Perps SOL-USD
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
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
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Aftermath Perps SOLUSD
Jupiter Perps SOL-PERP
RISEx SOL/USDC
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT