SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h +0.014%

Price spread now: Bluefin against Phoenix−0.070%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.886%−$89 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bluefin is 0.070% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SOL	116.73	0.0178	pay 0.0022% / 1h	4m 37s	$6.5M	$13.6M	25x
Short	Bluefin SOL-PERP	116.65	0.0100	get 0.0013% / 1h	4m 37s	$27K	$36K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Phoenix. 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

Position, each leg$Hold fordaysFee PhoenixbpFee BluefinbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$16.37
Price spread: −0.070% → 0.000%: −$7.02
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$37.39
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 5 min ago; Bluefin: 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 Phoenix live order book, 5 min ago	0.86 bp	4.6 bp −$5	5.7 bp −$57	15.3 bp −$1,531	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

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
Hibachi SOL/USDT-P	−0.0208%	1h	116.77	+0.033%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.59	−0.116%	$738.6M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.75	+0.021%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.66	−0.060%	$32.3M	$106.2M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.70	−0.030%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0046%	1h	116.64	−0.077%	—	$634K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.66	−0.060%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.73	−0.001%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.68	−0.041%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0016%	1h	116.70	−0.029%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0037%	8h	116.60	−0.111%	$480.8M	$459.2M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.62	−0.094%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	−0.057%	$8.0M	$402.7M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.60	−0.112%	$2.2M	$17.0M	25x	as long as short
Aster SOLUSDT	+0.0074%	8h	116.61	−0.103%	$176.5M	$169.5M	100x	as long as short
SoDEX SOL-USD	+0.0075%	1h	116.63	−0.086%	$6.1M	$11.0M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	116.63	−0.086%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0085%	1h	116.71	−0.021%	$26.4M	$21.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.62	−0.095%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.62	−0.093%	$13.2M	$61.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.62	−0.096%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.57	−0.137%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.63	−0.085%	$5.6M	$41.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.74	+0.005%	$701.6M	$408.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.67	−0.053%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.61	−0.103%	$966.4M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.61	−0.103%	$367.6M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.64	−0.077%	$217K	$837K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.61	−0.107%	$899K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.154%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.61	−0.103%	$849.8M	$676.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.61	−0.103%	$370.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.61	−0.101%	$133.0M	$233.1M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.58	−0.130%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.64	−0.077%	$23.1M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.69	−0.030%	$25.1M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.57	−0.140%	$93.6M	$408.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.63	−0.086%	$47.7M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.65	−0.069%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.66	−0.060%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.64	−0.077%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.65	−0.065%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERPshort	+0.0100%	1h	116.65	−0.070%	$27K	$36K	25x
SunX SOL-USDT	+0.0100%	8h	116.64	−0.076%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	−0.096%	$225.8M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.64	−0.077%	$45.4M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.54	−0.166%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.67	−0.049%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	−0.094%	$4K	$2K	12x	as long as short
Phoenix SOLlong	+0.0178%	1h	116.73	long leg	$6.5M	$13.6M	25x
Reya SOLRUSDPERP	+0.0195%	1h	116.61	−0.101%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.63	−0.086%	$52.1M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.66	−0.061%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.65	−0.065%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0488%	1h	116.72	−0.012%	$25K	$57K	20x	as long as short