Funding you earn now, next payment 05:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.021%
Price spread now: Katana Perps against Phoenix−0.009%7-day average −0.171% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.150%−$15 on $10k
+Price spread, last 7 days−0.184%−$18 · spread now −0.009%, 7d avg −0.171%
=The price spread pays, funding is against you. Katana Perps is 0.162% dearer against Phoenix than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.171%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SOL | 116.11 | 0.0179 | pay 0.0022% / 1h | 35m 17s | $6.4M | $13.7M | 25x |
| Short | Katana Perps SOL-USD | 116.10 | 0.0099 | get 0.0099% / 8h | 2h 35m | $65K | $906K | 20x |
Phoenix SOL
Katana Perps SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- −$16.66
- Price spread: −0.009% → −0.171%
- $16.2
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$11.26
- Costs to cover
- 0.108%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 4 min ago; Katana Perps: 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, 4 min ago | 0.86 bp | 4.6 bp −$5 | 5.7 bp −$57 | 15.4 bp −$1,539 | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOLUSD | −0.0240% | 1h | 116.18 | +0.062% | $31.8M | $103.8M | 100x | as long as short |
| Hibachi SOL/USDT-P | −0.0216% | 1h | 116.01 | −0.088% | $104K | $706K | 20x | as long as short |
| Derive SOL-PERP | −0.0125% | 1h | 116.09 | −0.016% | $1.9M | $2.9M | 13x | as long as short |
| Bybit SOLUSDT | −0.0116% | 8h | 116.09 | −0.015% | $741.7M | $1.42B | 100x | as long as short |
| Vest SOL-PERP | −0.0109% | 1h | 116.12 | +0.013% | — | $625K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.37 | +0.220% | $1K | $8K | 25x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.17 | +0.054% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.19 | +0.066% | $1.5M | $19.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.18 | +0.058% | $113K | $3.7M | 8.3x | as long as short |
| 01 Exchange SOLUSD | +0.0008% | 1h | 116.16 | +0.043% | $99K | $177K | 20x | as long as short |
Kraken Futures PF_SOLUSD
Hibachi SOL/USDT-P
Derive SOL-PERP
Bybit SOLUSDT
Vest SOL-PERP
Hotstuff SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
01 Exchange SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX SOL-USD | +0.0013% | 1h | 116.13 | +0.018% | $4.3M | $24.6M | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.18 | +0.059% | $7.8M | $405.2M | 50x | as long as short |
| Bitget SOLUSDT | +0.0070% | 8h | 116.15 | +0.037% | $481.0M | $454.9M | 100x | as long as short |
| Bullet SOL-USD | +0.0078% | 1h | 116.17 | +0.047% | $147K | $1.6M | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0095% | 8h | 116.20 | +0.078% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.15 | +0.037% | $13.0M | $60.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.14 | +0.027% | $2.2M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.18 | +0.061% | $349K | $247K | 20x | as long as short |
| Katana Perps SOL-USDshort | +0.0099% | 8h | 116.10 | −0.009% | $65K | $906K | 20x | |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 116.21 | +0.082% | $1.0M | $551K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.13 | +0.015% | $5.3M | $40.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.23 | +0.103% | $688.8M | $398.9M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 116.15 | +0.035% | $174.3M | $184.0M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.19 | +0.066% | $15.6M | $130.6M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.17 | +0.048% | $964.7M | $3.88B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.13 | +0.017% | $361.7M | $1.73B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.07 | −0.034% | $216K | $874K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.19 | +0.065% | $917K | $8.8M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.24 | +0.110% | $130.1M | $16.3M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.14 | +0.026% | $840.3M | $665.7M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.19 | +0.069% | $358.4M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.13 | +0.016% | $123.9M | $229.0M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.11 | +0.002% | — | $10.6M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.10 | −0.009% | $22.9M | $40.4M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.00 | −0.097% | $24.8M | $114.4M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 115.94 | −0.144% | $93.1M | $405.7M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 115.99 | −0.103% | $47.5M | $30.9M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.00 | −0.096% | $1.1M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 115.96 | −0.129% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.14 | +0.026% | $319K | $2.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.17 | +0.047% | $25K | $33K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.18 | +0.064% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.18 | +0.060% | $6.0M | $10.9M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.14 | +0.029% | $225.0M | $50.0M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.15 | +0.034% | $45.2M | $104.3M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.13 | +0.017% | $7.9M | $38.9M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 116.16 | +0.039% | — | $239.1M | 500x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0123% | 1h | 116.24 | +0.112% | $26.3M | $22.0M | 50x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 116.55 | +0.379% | $4K | $2K | 12x | as long as short |
| Phoenix SOLlong | +0.0179% | 1h | 116.11 | long leg | $6.4M | $13.7M | 25x | |
| Reya SOLRUSDPERP | +0.0193% | 1h | 116.14 | +0.024% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.16 | +0.043% | $52.0M | $68.0M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0173% | 1h | 116.17 | +0.051% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0547% | 1h | 116.21 | +0.084% | $2.0M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0600% | 1h | 116.15 | +0.034% | $25K | $52K | 20x | as long as short |
dYdX SOL-USD
Coinbase International SOL-PERP-INTX
Bitget SOLUSDT
Bullet SOL-USD
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDC
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
Deribit SOL_USDC-PERPETUAL
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD