data as of
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Price arb /

SOL

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$151
spread now−0.128%7d average+0.587%fees + slippage, in and out−$79spread needed0.792%
Long on PhoenixShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix SOL117.260.0212pay 0.0027% / 1h39m 31s$7.3M$10.0M25x
ShortInjective SOL/USDC PERP117.110.0951get 0.0119% / 1h39m 31s$4K$206K12x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$12.79
Funding while held
$22.16
Slippage, 4 orders
−$72.21
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$69.86
Spread needed to break even
0.792%
Slippage from Phoenix: live order book, 6 min ago; Injective: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
+0.0739%
Per $10,000 a day
+$22.16
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 6 min ago0.85 bp4.6 bp −$55.7 bp −$5715.3 bp −$1,526doesn't fit
Sell Injective live order book, 6 min ago35.00 bp35.0 bp −$35doesn't fitdoesn't fitdoesn't fit

SOL price on every exchange

against the cheapest. Click to use as the short leg.
Hotstuff116.86cheapestedgeX117.02+0.131%Hibachi117.08+0.182%Variational Omni117.10+0.203%
Injective117.11+0.211%
Aftermath Perps117.24+0.320%
Phoenix117.26+0.339%
BloFin117.26+0.339%dYdX117.28+0.352%Bulk117.28+0.358%StandX117.29+0.365%Jupiter Perps117.31+0.384%ApeX Omni117.33+0.395%Vest117.33+0.401%Derive117.42+0.476%Kalshi117.42+0.476%HTX117.43+0.481%Bullet117.45+0.498%Polymarket Perps117.45+0.501%Bluefin117.45+0.501%Aevo117.45+0.505%Perpl117.47+0.514%Orderly117.47+0.515%Reya117.47+0.516%gTrade (Gains Network)117.47+0.517%SunX117.48+0.525%SoDEX117.48+0.527%GMX117.48+0.527%Phemex117.49+0.536%Ondo Perps117.51+0.553%Backpack117.51+0.553%Kraken Futures117.52+0.560%Coinbase International117.52+0.565%Deribit117.54+0.577%Lighter RH117.56+0.595%Nado117.60+0.630%Aster117.60+0.631%Gate117.61+0.638%MEXC117.61+0.638%KuCoin117.63+0.654%Extended117.63+0.656%Lighter117.64+0.660%BingX117.64+0.660%Paradex117.65+0.668%OKX117.65+0.673%Binance117.66+0.679%Bitget117.66+0.685%Pacifica117.67+0.692%Bybit117.69+0.707%Katana Perps117.69+0.707%RISEx117.69+0.708%Hyperliquid117.70+0.715%01 Exchange117.71+0.724%Arcus117.73+0.742%

SOL on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hotstuff SOL-PERP−0.338%−0.0080%1h$4K$27125xas long as short
edgeX SOLUSDC−0.207%+0.0100%4h$105.7M$297.4M75xas long as short
Hibachi SOL/USDT-P−0.156%+0.0448%1h$108K$428K20xas long as short
Variational Omni SOL−0.136%+0.0100%8h$26.0M$82.9M—as long as short
Injective SOL/USDC PERPshort−0.128%+0.0951%1h$4K$206K12x
Aftermath Perps SOLUSD−0.018%+0.0398%1h$24K$39K20xas long as short
Phoenix SOLlong0.000%+0.0212%1h$7.3M$10.0M25x
BloFin SOL-USDT0.000%+0.0220%8h$52.7M$85.4M125xas long as short
dYdX SOL-USD+0.013%−0.0032%1h$4.7M$19.6M20xas long as short
Bulk SOL-USD+0.019%+0.0100%1h$112.4M$19.1M20xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
StandX SOL-USD+0.026%+0.0100%1h$1.3M$9.0M30xas long as short
Jupiter Perps SOL-PERP+0.045%L +0.0120% / S +0.0048%1h—$150.7M500xas long as short
ApeX Omni SOLUSDT+0.056%−0.0176%1h$1.4M$5.6M50xas long as short
Vest SOL-PERP+0.061%−0.0079%1h—$808K20xas long as short
Derive SOL-PERP+0.136%+0.0003%1h$1.9M$2.3M13xas long as short
Kalshi KXSOLPERP+0.136%0.0000%8h$895K$17.3M3.1xas long as short
HTX SOL-USDT+0.142%+0.0100%8h$229.8M$34.4M75xas long as short
Bullet SOL-USD+0.159%+0.0008%1h$196K$1.7M20xas long as short
Polymarket Perps SOL-USD+0.162%+0.0100%1h$414K$1.5M20xas long as short
Bluefin SOL-PERP+0.162%+0.0100%1h$38K$25K25xas long as short
Aevo SOL-PERP+0.165%+0.0096%1h$344K$757K20xas long as short
Perpl SOL+0.175%−0.0112%43m$328K$3.1M8.3xas long as short
Orderly PERP_SOL_USDC+0.176%+0.0087%8h$1.1M$3.0M100xas long as short
Reya SOLRUSDPERP+0.177%+0.0197%1h$1.1M$541K25xas long as short
gTrade (Gains Network) SOL/USD+0.177%L 0.0000% / S +0.0004%1h$57K—150xas long as short
SunX SOL-USDT+0.185%+0.0100%8h$194K$1.6M30xas long as short
SoDEX SOL-USD+0.188%−0.0022%1h$7.3M$3.4M20xas long as short
GMX SOL/USD [SOL-USDC]+0.188%L +0.0187% / S −0.0099%1h$3.7M—200xas long as short
Phemex SOLUSDT+0.196%+0.0100%8h$46.1M$80.5M50xas long as short
Ondo Perps SOL-USD.P+0.213%+0.0100%1h$224K$880K10xas long as short
Backpack SOL_USDC_PERP+0.213%+0.0100%1h$24.2M$31.1M50xas long as short
Kraken Futures PF_SOLUSD+0.220%−0.0129%1h$31.0M$75.2M100xas long as short
Coinbase International SOL-PERP-INTX+0.225%+0.0120%1h$8.4M$314.4M50xas long as short
Deribit SOL_USDC-PERPETUAL+0.237%0.0000%1h$25.6M$23.1M50xas long as short
Lighter RH SOL+0.255%+0.0096%1h$2.1M$13.4M25xas long as short
Nado SOL-PERP+0.290%+0.0100%1h$5.6M$33.7M40xas long as short
Aster SOLUSDT+0.291%+0.0100%8h$182.1M$132.0M100xas long as short
Gate SOL_USDT+0.298%+0.0096%8h$858.1M$589.9M100xas long as short
MEXC SOL_USDT+0.298%+0.0100%8h$429.5M$985.0M300xas long as short
KuCoin SOLUSDTM+0.314%+0.0100%8h$145.0M$134.6M75xas long as short
Extended SOL-USD+0.316%+0.0104%1h$8.2M$26.5M50xas long as short
Lighter SOL+0.320%+0.0096%1h$14.2M$40.5M25xas long as short
BingX SOL-USDC+0.320%+0.0100%8h—$10.1M—as long as short
Paradex SOL-USD-PERP+0.328%+0.0099%8h$1.5M$90K50xas long as short
OKX SOL-USDT-SWAP+0.333%+0.0099%8h$374.7M$1.48B100xas long as short
Binance SOLUSDT+0.339%+0.0100%8h$978.5M$2.97B100xas long as short
Bitget SOLUSDT+0.345%+0.0100%8h$493.9M$362.7M100xas long as short
Pacifica SOL+0.352%+0.0100%1h$12.0M$60.8M20xas long as short
Bybit SOLUSDT+0.367%+0.0100%8h$819.8M$1.07B100xas long as short
Katana Perps SOL-USD+0.367%+0.0100%8h$51K$388K20xas long as short
RISEx SOL/USDC+0.368%+0.0091%1h$1.6M$7.3M20xas long as short
Hyperliquid SOL+0.375%+0.0102%1h$727.3M$373.5M20xas long as short
01 Exchange SOLUSD+0.384%+0.0072%1h$109K$102K20xas long as short
Arcus SOL-USD+0.402%+0.0100%1h$1.5M$6.7M20xas long as short