SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.04 per $10,000 · paid last 24h −0.022%

Price spread now: Deribit against Arcus+0.001%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.085%−$9 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.001%, 7d avg −0.013%

Together, before fees−0.188%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	118.68	0.0100	pay 0.0013% / 1h	10m 17s	$1.9M	$9.0M	20x
Short	Deribit SOL_USDC-PERPETUAL	118.68	0.0069	get 0.0009% / 1h	10m 17s	$26.6M	$25.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. 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

Position, each leg$Hold fordaysFee ArcusbpFee DeribitbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$6.59
Price spread: +0.001% → −0.013%: $1.41
Slippage, 4 orders: −$4.06
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$20.75
Costs to cover: 0.156%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; Deribit: live order book, 4 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 Arcus live order book, 4 min ago	0.21 bp	3.0 bp −$3	3.8 bp −$38	8.4 bp −$836	doesn't fit
Sell Deribit live order book, 4 min ago	0.04 bp	4.6 bp −$5	5.5 bp −$55	16.9 bp −$1,694	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	−0.0100%	1h	118.54	−0.119%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.49	−0.154%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.55	−0.105%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0021%	1h	118.58	−0.082%	$4.8M	$28.0M	20x	as long as short
ApeX Omni SOLUSDT	−0.0014%	1h	118.53	−0.125%	$1.5M	$6.2M	50x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.61	−0.057%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.59	−0.072%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.62	−0.049%	$174K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0069%	1h	118.68	+0.001%	$26.6M	$25.8M	50x
Gate SOL_USDT	+0.0071%	8h	118.57	−0.090%	$865.2M	$687.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0076%	8h	118.63	−0.036%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	118.55	−0.108%	$230.8M	$45.1M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.69	+0.011%	$104K	$158K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.61	−0.061%	—	$373.3M	—	as long as short
Lighter SOL	+0.0096%	1h	118.60	−0.063%	$13.4M	$56.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.59	−0.072%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.54	−0.116%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.61	−0.057%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.61	−0.061%	$8.1M	$416.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.64	−0.033%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.62	−0.048%	$45K	$802K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.55	−0.111%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.71	+0.028%	$717.8M	$411.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.57	−0.086%	$178.2M	$177.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.65	−0.023%	$12.2M	$121.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.61	−0.056%	$978.1M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.63	−0.040%	$822.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.62	−0.048%	$369.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.58	−0.082%	$229K	$876K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	118.68	long leg	$1.9M	$9.0M	20x
Bulk SOL-USD	+0.0100%	1h	118.73	+0.042%	$133.6M	$4.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.59	−0.073%	$425.3M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.61	−0.057%	$137.7M	$206.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.60	−0.068%	$492.0M	$459.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.49	−0.158%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.168%	$26.9M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.54	−0.114%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.53	−0.126%	$48.6M	$31.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.52	−0.132%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.62	−0.048%	$359K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.58	−0.080%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.62	−0.050%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.64	−0.035%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.61	−0.056%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.60	−0.065%	$46.4M	$102.6M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.69	+0.011%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.60	−0.068%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.63	−0.043%	$32.5M	$97.1M	100x	as long as short
Aftermath Perps SOLUSD	+0.0112%	1h	118.62	−0.047%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.58	−0.086%	—	$226.2M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0167% / S −0.0070%	1h	118.59	−0.071%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.196%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.57	−0.086%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.48	−0.166%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.66	−0.015%	$1.8M	$4.9M	20x	as long as short