Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h −0.030%
Price spread now: Polymarket Perps against Phoenix−0.050%59s7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as 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−$180.175% of the position
Funding, last 7 days−0.346%−$35 on $10k
+Price spread, last 7 days−0.050%−$5 · spread now −0.050%, 7d avg −0.124%
=The price spread pays, funding is against you. Polymarket Perps is 0.074% dearer against Phoenix than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.124%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 7 days (−0.346% in total) that is about 36 hours. The two prices were read 59 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 | 8m 32s | $6.6M | $13.6M | 25x |
| Short | Polymarket Perps SOL-USD | 119.22 | 0.0100 | get 0.0013% / 1h | 8m 32s | $361K | $2.3M | 20x |
Phoenix SOL
Polymarket Perps SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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
- −$3.01
- Price spread: −0.050% → −0.124%
- $7.38
- Slippage, 4 orders
- −$2.52
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$13.14
- Costs to cover
- 0.175%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 6 min ago; Polymarket Perps: 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, 6 min ago | 0.42 bp | 3.9 bp −$4 | 3.9 bp −$39 | 9.7 bp −$974 | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 0.84 bp | 4.8 bp −$5 | 6.3 bp −$63 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Derive SOL-PERP | −0.0082% | 1h | 119.31 | +0.024% | $2.0M | $2.7M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.36 | +0.064% | $933 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0079% | 1h | 119.20 | −0.066% | — | $608K | 20x | as long as short |
| Hibachi SOL/USDT-P | −0.0048% | 1h | 119.42 | +0.119% | $109K | $670K | 20x | as long as short |
| HTX SOL-USDT | −0.0029% | 8h | 119.30 | +0.020% | $232.1M | $43.9M | 75x | as long as short |
| dYdX SOL-USD | −0.0017% | 1h | 119.22 | −0.050% | $4.9M | $25.5M | 20x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0014% | 1h | 119.37 | +0.072% | $32.4M | $97.1M | 100x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.40 | +0.103% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.40 | +0.102% | $1.2M | $20.0M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.45 | +0.146% | $125K | $3.9M | 8.3x | as long as short |
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
Hibachi SOL/USDT-P
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit SOL_USDC-PERPETUAL | +0.0037% | 1h | 119.43 | +0.124% | $26.8M | $24.8M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0040% | 1h | 119.23 | −0.042% | $104K | $161K | 20x | as long as short |
| Gate SOL_USDT | +0.0059% | 8h | 119.16 | −0.101% | $855.2M | $673.4M | 100x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.19 | −0.075% | — | $366.1M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0083% | 8h | 119.40 | +0.098% | $1.1M | $5.9M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0088% | 1h | 119.38 | +0.086% | $8.2M | $410.6M | 50x | as long as short |
| ApeX Omni SOLUSDT | +0.0090% | 1h | 119.16 | −0.101% | $1.5M | $6.0M | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.22 | −0.054% | $13.7M | $57.2M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.17 | −0.092% | $2.2M | $16.9M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.40 | +0.097% | $350K | $253K | 20x | as long as short |
| Bluefin SOL-PERP | +0.0097% | 1h | 119.39 | +0.089% | $37K | $17K | 25x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 119.17 | −0.088% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.21 | −0.059% | $46K | $797K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.15 | −0.108% | $6.1M | $40.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.32 | +0.034% | $730.9M | $394.4M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.28 | −0.003% | $180.3M | $176.8M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.24 | −0.036% | $12.3M | $125.6M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.21 | −0.059% | $981.6M | $3.73B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.24 | −0.034% | $828.9M | $1.25B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.20 | −0.067% | $372.4M | $1.68B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.34 | +0.050% | $234K | $834K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.17 | −0.088% | $2.1M | $8.8M | 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 | 119.18 | −0.084% | $433.5M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.25 | −0.021% | $139.2M | $203.4M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.21 | −0.062% | $494.8M | $438.2M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.36 | +0.067% | $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 | −0.071% | $95.7M | $400.3M | 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 |
| StandX SOL-USD | +0.0100% | 1h | 119.38 | +0.084% | $1.4M | $13.5M | 30x | as long as short |
| Polymarket Perps SOL-USDshort | +0.0100% | 1h | 119.22 | −0.050% | $361K | $2.3M | 20x | |
| Bullet SOL-USD | +0.0100% | 1h | 119.40 | +0.098% | $203K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.38 | +0.086% | $194K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.37 | +0.075% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.38 | +0.084% | $46.8M | $99.4M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.15 | −0.106% | $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 | 119.32 | +0.032% | — | $225.6M | 500x | as long as short |
| RISEx SOL/USDC | +0.0161% | 1h | 119.20 | −0.070% | $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 | 119.21 | −0.060% | $1.1M | $524K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.39 | +0.092% | $52.1M | $74.3M | 125x | as long as short |
| Aftermath Perps SOLUSD | +0.0224% | 1h | 119.28 | +0.002% | $25K | $51K | 20x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0167% | 1h | 119.40 | +0.101% | $3.7M | — | 200x | as long as short |
Deribit SOL_USDC-PERPETUAL
01 Exchange SOLUSD
Gate SOL_USDT
BingX SOL-USDT
Orderly PERP_SOL_USDC
Coinbase International SOL-PERP-INTX
ApeX Omni SOLUSDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Bluefin SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Bullet SOL-USD
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
RISEx SOL/USDC
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
Aftermath Perps SOLUSD
GMX SOL/USD [SOL-USDC]