Funding you earn now, next payment 00:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.033%
Price spread now: Paradex against Phoenix−0.014%46s7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$170.168% of the position
Funding, last 4 days (all we have)−0.148%−$15 on $10k
+Price spread, last 4 days (all we have)−0.614%−$61 · spread now −0.014%, 7d avg −0.133%
=Together, before fees−0.762%+ Points / potential airdropParadex: Active · farm board−$76 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Paradex is 0.119% dearer against Phoenix than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.133%): +$12 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 27 days. At the pace of the last 4 days (−0.148% in total) that is about 2.9 days. The two prices were read 46 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 | 118.97 | 0.0114 | pay 0.0014% / 1h | 34m 14s | $6.6M | $13.6M | 25x |
| Short | Paradex SOL-USD-PERP | 118.95 | 0.0100 | get 0.0100% / 8h | 7h 34m | $1.0M | $520K | 50x |
Phoenix SOL
Paradex SOL-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$3.07
- Price spread: −0.014% → −0.133%
- $11.87
- Slippage, 4 orders
- −$5.81
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$8.01
- Costs to cover
- 0.168%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 5 min ago; Paradex: live order book, 5 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, 5 min ago | 0.84 bp | 4.6 bp −$5 | 5.7 bp −$57 | 15.1 bp −$1,511 | doesn't fit |
| Sell Paradex live order book, 5 min ago | 1.81 bp | 3.8 bp −$4 | 9.7 bp −$97 | doesn't fit | 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 | −0.0190% | 1h | 118.99 | +0.017% | $37K | $17K | 25x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.96 | −0.008% | $843 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0076% | 1h | 118.92 | −0.042% | — | $608K | 20x | as long as short |
| Derive SOL-PERP | −0.0062% | 1h | 118.91 | −0.052% | $2.0M | $2.7M | 13x | as long as short |
| HTX SOL-USDT | −0.0040% | 8h | 118.92 | −0.046% | $231.4M | $43.9M | 75x | as long as short |
| dYdX SOL-USD | −0.0020% | 1h | 118.98 | +0.008% | $5.0M | $25.7M | 20x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0014% | 1h | 119.02 | +0.041% | $32.4M | $96.5M | 100x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.00 | +0.025% | $55K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.00 | +0.024% | $1.2M | $20.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.99 | +0.017% | $154K | $3.9M | 8.3x | as long as short |
Bluefin SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
HTX SOL-USDT
dYdX SOL-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex SOLUSDT | +0.0016% | 8h | 118.95 | −0.017% | $46.6M | $100.4M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0040% | 1h | 119.02 | +0.042% | $104K | $159K | 20x | as long as short |
| Hibachi SOL/USDT-P | +0.0064% | 1h | 119.04 | +0.059% | $102K | $656K | 20x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 118.96 | −0.009% | — | $10.6M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0081% | 8h | 119.00 | +0.029% | $1.0M | $5.9M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0088% | 1h | 119.03 | +0.051% | $8.1M | $411.1M | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.98 | +0.011% | $14.2M | $55.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.98 | +0.013% | $2.2M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.01 | +0.034% | $349K | $247K | 20x | as long as short |
| Paradex SOL-USD-PERPshort | +0.0100% | 8h | 118.95 | −0.014% | $1.0M | $520K | 50x | |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.98 | +0.008% | $47K | $779K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.98 | +0.013% | $5.8M | $40.9M | 40x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.98 | +0.008% | $179.3M | $176.8M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.99 | +0.016% | $12.2M | $123.9M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.99 | +0.017% | $979.6M | $3.76B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.01 | +0.034% | $824.0M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.00 | +0.025% | $371.2M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.95 | −0.017% | $233K | $852K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.97 | +0.002% | $2.0M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.80 | −0.143% | $134.2M | $6.7M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 118.97 | 0.000% | $859.8M | $664.1M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.01 | +0.034% | $428.8M | $1.12B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.00 | +0.027% | $138.3M | $202.5M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.97 | +0.004% | $493.9M | $441.3M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.91 | −0.050% | $24.2M | $37.2M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.01 | +0.031% | $27.0M | $128.6M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.90 | −0.055% | $95.5M | $404.3M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.81 | −0.133% | $48.7M | $29.6M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.01 | +0.033% | $1.5M | $6.1M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.86 | −0.092% | $1.4M | $13.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.98 | +0.008% | $359K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.98 | +0.012% | $202K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.96 | −0.008% | $193K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.00 | +0.025% | $6.3M | $10.8M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.97 | −0.003% | $8.6M | $35.2M | 50x | as long as short |
| Hyperliquid SOL | +0.0105% | 1h | 119.10 | +0.109% | $721.9M | $399.1M | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0114% | 1h | 119.05 | +0.068% | $26.6M | $24.7M | 50x | as long as short |
| Phoenix SOLlong | +0.0114% | 1h | 118.97 | long leg | $6.6M | $13.6M | 25x | |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.01 | +0.032% | — | $220.0M | 500x | as long as short |
| RISEx SOL/USDC | +0.0161% | 1h | 119.00 | +0.026% | $1.8M | $4.6M | 20x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0165% / S −0.0081% | 1h | 119.00 | +0.021% | $3.7M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0172% | 1h | 118.93 | −0.035% | $25K | $50K | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 118.66 | −0.261% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0186% | 1h | 118.97 | +0.003% | $1.1M | $524K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.85 | −0.101% | $51.7M | $77.5M | 125x | as long as short |
Phemex SOLUSDT
01 Exchange SOLUSD
Hibachi SOL/USDT-P
BingX SOL-USDC
Orderly PERP_SOL_USDC
Coinbase International SOL-PERP-INTX
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
SunX SOL-USDT
SoDEX SOL-USD
Extended SOL-USD
Hyperliquid SOL
Deribit SOL_USDC-PERPETUAL
Jupiter Perps SOL-PERP
RISEx SOL/USDC
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT