Funding you earn now, next payment 06:00 UTC−0.0221%/8h= −24.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.035%
Price spread now: Derive against Aevo−0.075%7-day average −0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.075%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Derive is 0.053% cheaper against Aevo than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo SOL-PERP | 115.80 | 0.0096 | pay 0.0012% / 1h | 31m 46s | $348K | $247K | 20x |
| Short | Derive SOL-PERP | 115.71 | −0.0125 | pay 0.0016% / 1h | 31m 46s | $1.9M | $2.9M | 13x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Aevo. 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
- −$46.49
- Price spread: −0.075% → −0.021%
- −$5.33
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$73.83
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Aevo: live order book, 17 min ago; Derive: 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 Aevo live order book, 17 min ago | 7.04 bp | 16.2 bp −$16 | 22.2 bp −$222 | 32.6 bp −$3,257 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | −0.0241% | 1h | 115.79 | −0.012% | $31.7M | $103.8M | 100x | as long as short |
| Hibachi SOL/USDT-P | −0.0200% | 1h | 115.86 | +0.051% | $104K | $693K | 20x | as long as short |
| Derive SOL-PERPshort | −0.0125% | 1h | 115.71 | −0.075% | $1.9M | $2.9M | 13x | |
| Bybit SOLUSDT | −0.0116% | 8h | 115.69 | −0.097% | $739.9M | $1.42B | 100x | as long as short |
| BingX SOL-USDC | −0.0115% | 8h | 115.69 | −0.094% | — | $10.6M | — | as long as short |
| Vest SOL-PERP | −0.0100% | 1h | 115.81 | +0.012% | — | $625K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.05 | +0.219% | $1K | $8K | 25x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 115.82 | +0.019% | $41K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 115.86 | +0.056% | $1.5M | $19.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 115.80 | −0.002% | $113K | $3.7M | 8.3x | as long as short |
Show all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX SOL-USD | +0.0014% | 1h | 115.72 | −0.067% | $4.3M | $24.1M | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0016% | 1h | 115.90 | +0.087% | $99K | $176K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 115.81 | +0.009% | $7.8M | $403.5M | 50x | as long as short |
| Bitget SOLUSDT | +0.0068% | 8h | 115.72 | −0.071% | $479.7M | $455.5M | 100x | as long as short |
| Bullet SOL-USD | +0.0087% | 1h | 115.81 | +0.011% | $147K | $1.6M | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0096% | 8h | 115.83 | +0.022% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 115.74 | −0.050% | $12.9M | $60.9M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 115.74 | −0.051% | $2.2M | $16.8M | 25x | as long as short |
| Aevo SOL-PERPlong | +0.0096% | 1h | 115.80 | long leg | $348K | $247K | 20x | |
| Aster SOLUSDT | +0.0099% | 8h | 115.72 | −0.067% | $173.5M | $184.3M | 100x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 115.73 | −0.060% | $62K | $911K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 115.77 | −0.027% | $1.0M | $550K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 115.80 | +0.001% | $5.2M | $40.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 115.77 | −0.030% | $685.7M | $399.4M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 115.78 | −0.020% | $15.5M | $130.6M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 115.74 | −0.051% | $961.1M | $3.88B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 115.73 | −0.060% | $360.6M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 115.67 | −0.112% | $215K | $870K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 115.78 | −0.019% | $913K | $8.8M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 115.84 | +0.036% | $125.6M | $19.8M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 115.73 | −0.060% | $838.6M | $667.1M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 115.74 | −0.051% | $359.1M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 115.72 | −0.070% | $124.3M | $229.2M | 75x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 115.78 | −0.017% | $22.8M | $40.3M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.00 | +0.171% | $24.8M | $114.4M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.13 | +0.283% | $93.2M | $406.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 115.99 | +0.165% | $47.5M | $30.9M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.19 | +0.336% | $1.1M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 115.84 | +0.035% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 115.82 | +0.018% | $317K | $2.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 115.80 | 0.000% | $25K | $33K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 115.83 | +0.023% | $188K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 115.78 | −0.017% | $6.0M | $10.9M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 115.74 | −0.053% | $224.4M | $50.0M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 115.83 | +0.026% | $45.1M | $104.4M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 115.69 | −0.095% | $7.9M | $38.8M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 115.88 | +0.073% | — | $239.4M | 500x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0121% | 1h | 115.82 | +0.021% | $26.2M | $21.9M | 50x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 116.55 | +0.648% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0179% | 1h | 116.11 | +0.268% | $6.5M | $13.7M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0193% | 1h | 115.77 | −0.024% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 115.81 | +0.009% | $51.8M | $67.8M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0173% | 1h | 115.82 | +0.019% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0547% | 1h | 115.81 | +0.006% | $1.9M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0599% | 1h | 115.99 | +0.166% | $25K | $53K | 20x | as long as short |
Derive SOL-PERP
Kraken Futures PF_SOLUSD
Bybit SOLUSDT
BingX SOL-USDC
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
01 Exchange SOLUSD
Coinbase International SOL-PERP-INTX
Bitget SOLUSDT
Bullet SOL-USD
Lighter SOL
Lighter RH SOL
Aster SOLUSDT
Katana Perps SOL-USD
Paradex SOL-USD-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
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
Deribit SOL_USDC-PERPETUAL
Injective SOL/USDC PERP
Phoenix SOL
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD