Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees+0.118%+$12 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo SOL-PERP115.800.0096pay 0.0012% / 1h31m 46s$348K$247K20x
ShortDerive SOL-PERP115.71−0.0125pay 0.0016% / 1h31m 46s$1.9M$2.9M13x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 17 min ago7.04 bp16.2 bp −$1622.2 bp −$22232.6 bp −$3,257doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD−0.0241%1h115.79−0.012%$31.7M$103.8M100xas long as short
Hibachi SOL/USDT-P−0.0200%1h115.86+0.051%$104K$693K20xas long as short
Derive SOL-PERPshort−0.0125%1h115.71−0.075%$1.9M$2.9M13x
Bybit SOLUSDT−0.0116%8h115.69−0.097%$739.9M$1.42B100xas long as short
BingX SOL-USDC−0.0115%8h115.69−0.094%$10.6Mas long as short
Vest SOL-PERP−0.0100%1h115.81+0.012%$625K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.05+0.219%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h115.82+0.019%$41K150xas long as short
Kalshi KXSOLPERP0.0000%8h115.86+0.056%$1.5M$19.3M3.1xas long as short
Perpl SOL0.0000%43m115.80−0.002%$113K$3.7M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SOL-USD+0.0014%1h115.72−0.067%$4.3M$24.1M20xas long as short
01 Exchange SOLUSD+0.0016%1h115.90+0.087%$99K$176K20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h115.81+0.009%$7.8M$403.5M50xas long as short
Bitget SOLUSDT+0.0068%8h115.72−0.071%$479.7M$455.5M100xas long as short
Bullet SOL-USD+0.0087%1h115.81+0.011%$147K$1.6M20xas long as short
Orderly PERP_SOL_USDC+0.0096%8h115.83+0.022%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h115.74−0.050%$12.9M$60.9M25xas long as short
Lighter RH SOL+0.0096%1h115.74−0.051%$2.2M$16.8M25xas long as short
Aevo SOL-PERPlong+0.0096%1h115.80long leg$348K$247K20x
Aster SOLUSDT+0.0099%8h115.72−0.067%$173.5M$184.3M100xas long as short
Katana Perps SOL-USD+0.0099%8h115.73−0.060%$62K$911K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h115.77−0.027%$1.0M$550K50xas long as short
Nado SOL-PERP+0.0100%1h115.80+0.001%$5.2M$40.7M40xas long as short
Hyperliquid SOL+0.0100%1h115.77−0.030%$685.7M$399.4M20xas long as short
Pacifica SOL+0.0100%1h115.78−0.020%$15.5M$130.6M20xas long as short
Binance SOLUSDT+0.0100%8h115.74−0.051%$961.1M$3.88B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h115.73−0.060%$360.6M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h115.67−0.112%$215K$870K10xas long as short
Arcus SOL-USD+0.0100%1h115.78−0.019%$913K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h115.84+0.036%$125.6M$19.8M20xas long as short
Gate SOL_USDT+0.0100%8h115.73−0.060%$838.6M$667.1M100xas long as short
MEXC SOL_USDT+0.0100%8h115.74−0.051%$359.1M$1.08B300xas long as short
KuCoin SOLUSDTM+0.0100%8h115.72−0.070%$124.3M$229.2M75xas long as short
Backpack SOL_USDC_PERP+0.0100%1h115.78−0.017%$22.8M$40.3M50xas long as short
Variational Omni SOL+0.0100%8h116.00+0.171%$24.8M$114.4Mas long as short
edgeX SOLUSDC+0.0100%4h116.13+0.283%$93.2M$406.1M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h115.99+0.165%$47.5M$30.9M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.19+0.336%$1.1M$6.8M50xas long as short
StandX SOL-USD+0.0100%1h115.84+0.035%$1.3M$12.0M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h115.82+0.018%$317K$2.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h115.800.000%$25K$33K25xas long as short
SunX SOL-USDT+0.0100%8h115.83+0.023%$188K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h115.78−0.017%$6.0M$10.9M20xas long as short
HTX SOL-USDT+0.0100%8h115.74−0.053%$224.4M$50.0M75xas long as short
Phemex SOLUSDT+0.0100%8h115.83+0.026%$45.1M$104.4M50xas long as short
Extended SOL-USD+0.0104%1h115.69−0.095%$7.9M$38.8M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h115.88+0.073%$239.4M500xas long as short
Deribit SOL_USDC-PERPETUAL+0.0121%1h115.82+0.021%$26.2M$21.9M50xas long as short
Injective SOL/USDC PERP+0.0173%1h116.55+0.648%$4K$2K12xas long as short
Phoenix SOL+0.0179%1h116.11+0.268%$6.5M$13.7M25xas long as short
Reya SOLRUSDPERP+0.0193%1h115.77−0.024%$1.1M$542K25xas long as short
BloFin SOL-USDT+0.0220%8h115.81+0.009%$51.8M$67.8M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0173%1h115.82+0.019%$3.5M200xas long as short
RISEx SOL/USDC+0.0547%1h115.81+0.006%$1.9M$4.9M20xas long as short
Aftermath Perps SOLUSD+0.0599%1h115.99+0.166%$25K$53K20xas long as short