SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.028%

Price spread now: Coinbase International against Phoenix+0.010%72s7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as 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−$190.195% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.010%, 7d avg −0.065%

Together, before fees−0.351%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.075% dearer against Phoenix than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.065%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.5 days. At the pace of the last 7 days (−0.286% in total) that is about 44 hours. The two prices were read 72 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	119.28	0.0114	pay 0.0014% / 1h	9m 50s	$6.6M	$13.6M	25x
Short	Coinbase International SOL-PERP-INTX	119.29	0.0088	get 0.0011% / 1h	9m 50s	$8.1M	$410.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$5.53
Price spread: +0.010% → −0.065%: $7.53
Slippage, 4 orders: −$2.46
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$17.46
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from Phoenix: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago	0.42 bp	3.9 bp −$4	3.9 bp −$39	9.7 bp −$974	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.04 bp	5.1 bp −$5	7.7 bp −$77	18.2 bp −$1,821	168.4 bp −$84.2K

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
Derive SOL-PERP	−0.0082%	1h	119.26	−0.020%	$2.0M	$2.7M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.36	+0.067%	$933	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.30	+0.018%	—	$608K	20x	as long as short
Hibachi SOL/USDT-P	−0.0040%	1h	119.30	+0.014%	$109K	$670K	20x	as long as short
HTX SOL-USDT	−0.0027%	8h	119.19	−0.079%	$231.9M	$43.9M	75x	as long as short
dYdX SOL-USD	−0.0018%	1h	119.40	+0.101%	$4.9M	$25.5M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.25	−0.025%	$32.4M	$97.0M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.39	+0.095%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.40	+0.098%	$1.2M	$20.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.38	+0.081%	$125K	$3.9M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0020%	1h	119.28	+0.002%	$26.7M	$24.8M	50x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	119.39	+0.092%	$104K	$160K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.40	+0.097%	—	$367.3M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.35	+0.059%	$1.1M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0088%	1h	119.29	+0.010%	$8.1M	$410.3M	50x
Bluefin SOL-PERP	+0.0092%	1h	119.34	+0.049%	$37K	$17K	25x	as long as short
Gate SOL_USDT	+0.0094%	8h	119.37	+0.075%	$857.2M	$672.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.36	+0.065%	$13.7M	$57.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.34	+0.054%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.30	+0.018%	$350K	$253K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.37	+0.073%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.33	+0.042%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.39	+0.094%	$6.2M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.49	+0.176%	$731.8M	$394.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.37	+0.075%	$180.4M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.41	+0.109%	$12.3M	$125.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.37	+0.076%	$982.9M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.41	+0.109%	$829.8M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.36	+0.067%	$373.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.29	+0.008%	$234K	$833K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.29	+0.007%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.438%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.38	+0.084%	$434.1M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.40	+0.099%	$139.3M	$203.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.36	+0.067%	$495.4M	$438.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.32	+0.034%	$24.1M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.19	−0.079%	$24.9M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.20	−0.067%	$95.7M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.13	−0.123%	$48.8M	$29.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.26	−0.017%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.20	−0.067%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.39	+0.092%	$361K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.38	+0.083%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.36	+0.070%	$194K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.24	−0.034%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.32	+0.034%	$46.7M	$99.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.33	+0.041%	$8.6M	$34.9M	50x	as long as short
Phoenix SOLlong	+0.0114%	1h	119.28	long leg	$6.6M	$13.6M	25x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.17	−0.094%	—	$225.6M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.35	+0.055%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.226%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	119.37	+0.080%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.15	−0.109%	$51.9M	$74.3M	125x	as long as short
Aftermath Perps SOLUSD	+0.0222%	1h	119.24	−0.032%	$25K	$51K	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	119.40	+0.099%	$3.7M	—	200x	as long as short