SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0183%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.038%

Price spread now: Derive against Bulk−0.120%7-day average −0.052% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bulk Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.058%−$6 on $10k

Price spread, last 3 days (all we have)+0.143%+$14 · spread now −0.120%, 7d avg −0.052%

Together, before fees+0.085%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Derive is 0.068% cheaper against Bulk than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.058% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 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	Bulk SOL-USD	118.73	0.0100	pay 0.0013% / 1h	16m 05s	$133.6M	$4.6M	20x
Short	Derive SOL-PERP	118.58	−0.0083	pay 0.0010% / 1h	16m 05s	$2.0M	$2.8M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Bulk. 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 BulkbpFee DerivebpOrdersPrice spread, now −0.120%Rate

Funding earned: −$38.47
Price spread: −0.120% → −0.052%: −$6.84
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$58.31
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bulk: live order book, 3 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 Bulk live order book, 3 min ago	4.21 bp	7.7 bp −$8	11.6 bp −$116	15.7 bp −$1,569	16.1 bp −$8,026
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
Derive SOL-PERPshort	−0.0083%	1h	118.58	−0.120%	$2.0M	$2.8M	13x
Hotstuff SOL-PERP	−0.0080%	1h	118.68	−0.042%	$841	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.63	−0.079%	—	$723K	20x	as long as short
ApeX Omni SOLUSDT	−0.0026%	1h	118.71	−0.018%	$1.5M	$6.2M	50x	as long as short
dYdX SOL-USD	−0.0014%	1h	118.70	−0.021%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.68	−0.041%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.71	−0.012%	$1.3M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.70	−0.025%	$175K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0026%	1h	118.74	+0.013%	$26.6M	$25.8M	50x	as long as short
Gate SOL_USDT	+0.0074%	8h	118.67	−0.048%	$867.3M	$685.1M	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	118.68	−0.043%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0079%	8h	118.63	−0.085%	$230.9M	$45.2M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.72	−0.006%	$103K	$158K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.69	−0.028%	—	$10.5M	—	as long as short
Lighter SOL	+0.0096%	1h	118.69	−0.031%	$13.4M	$56.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.68	−0.040%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.60	−0.107%	$120K	$632K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.65	−0.063%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.74	+0.014%	$8.1M	$416.9M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.73	0.000%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.67	−0.048%	$45K	$802K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	−0.010%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.85	+0.105%	$718.6M	$410.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.67	−0.048%	$178.6M	$178.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.74	+0.011%	$12.2M	$121.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.71	−0.012%	$977.9M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.75	+0.024%	$824.0M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.73	+0.003%	$369.8M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.63	−0.082%	$228K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.73	+0.003%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	118.73	long leg	$133.6M	$4.6M	20x
MEXC SOL_USDT	+0.0100%	8h	118.69	−0.031%	$426.1M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.69	−0.034%	$137.4M	$205.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.72	−0.004%	$492.5M	$460.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.74	+0.011%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.70	−0.025%	$27.0M	$129.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.65	−0.064%	$95.3M	$403.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.69	−0.034%	$48.6M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.61	−0.098%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.68	−0.039%	$363K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.66	−0.055%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.70	−0.026%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.68	−0.044%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.69	−0.031%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.71	−0.014%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.70	−0.023%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.66	−0.054%	$8.6M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.71	−0.011%	$32.6M	$97.4M	100x	as long as short
Aftermath Perps SOLUSD	+0.0112%	1h	118.70	−0.022%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.69	−0.031%	—	$226.6M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0167% / S −0.0068%	1h	118.68	−0.041%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.154%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.67	−0.048%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.55	−0.149%	$51.9M	$80.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.68	−0.036%	$1.8M	$5.1M	20x	as long as short