Funding you earn now, next payment 22:00 UTC−0.0012%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.022%
Price spread now: Deribit against Bullet+0.132%7-day average +0.023% · 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−$10as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 3 days (all we have)−0.072%−$7 on $10k
+Price spread, last 3 days (all we have)−0.481%−$48 · spread now +0.132%, 7d avg +0.023%
=The price spread pays, funding is against you. Deribit is 0.109% dearer against Bullet than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.023%): +$11 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 29 days. At the pace of the last 3 days (−0.072% in total) that is about 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet SOL-USD | 118.96 | 0.0100 | pay 0.0013% / 1h | 55m 32s | $201K | $1.8M | 20x |
| Short | Deribit SOL_USDC-PERPETUAL | 119.12 | 0.0088 | get 0.0011% / 1h | 55m 32s | $26.7M | $27.9M | 50x |
Bullet SOL-USD
Deribit SOL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bullet. 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
- −$2.6
- Price spread: +0.132% → +0.023%
- $10.91
- Slippage, 4 orders
- −$6.28
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$12.98
- Costs to cover
- 0.213%
- Break-even
- never at this rate
Slippage from Bullet: 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 Bullet live order book, 4 min ago | 0.08 bp | 5.2 bp −$5 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 4 min ago | 0.88 bp | 4.5 bp −$5 | 5.7 bp −$57 | 18.3 bp −$1,834 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SOL/USDC PERP | −0.0151% | 1h | 118.68 | −0.235% | $4K | $2K | 12x | as long as short |
| Aftermath Perps SOLUSD | −0.0084% | 1h | 119.04 | +0.063% | $24K | $48K | 20x | as long as short |
| Vest SOL-PERP | −0.0084% | 1h | 118.92 | −0.036% | — | $731K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.04 | +0.067% | $844 | $8K | 25x | as long as short |
| Derive SOL-PERP | −0.0065% | 1h | 118.94 | −0.020% | $2.0M | $3.2M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.00 | +0.030% | $49K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 119.07 | +0.091% | $4.9M | $26.8M | 20x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.97 | +0.005% | $191K | $4.1M | 8.3x | as long as short |
| Orderly PERP_SOL_USDC | +0.0055% | 8h | 119.03 | +0.057% | $1.1M | $5.9M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0056% | 1h | 119.14 | +0.151% | $104K | $152K | 20x | as long as short |
Injective SOL/USDC PERP
Aftermath Perps SOLUSD
Vest SOL-PERP
Hotstuff SOL-PERP
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Perpl SOL
Orderly PERP_SOL_USDC
01 Exchange SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SOL-USDT | +0.0068% | 8h | 118.91 | −0.038% | $231.7M | $43.7M | 75x | as long as short |
| Gate SOL_USDT | +0.0082% | 8h | 119.05 | +0.076% | $858.8M | $673.1M | 100x | as long as short |
| KuCoin SOLUSDTM | +0.0086% | 8h | 119.07 | +0.091% | $145.4M | $197.3M | 75x | as long as short |
| Deribit SOL_USDC-PERPETUALshort | +0.0088% | 1h | 119.12 | +0.132% | $26.7M | $27.9M | 50x | |
| Lighter SOL | +0.0096% | 1h | 119.06 | +0.082% | $13.5M | $52.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.05 | +0.076% | $2.0M | $16.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.03 | +0.059% | $354K | $746K | 20x | as long as short |
| Bitget SOLUSDT | +0.0097% | 8h | 119.07 | +0.093% | $496.9M | $451.0M | 100x | as long as short |
| Paradex SOL-USD-PERP | +0.0098% | 8h | 119.05 | +0.080% | $1.0M | $524K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.12 | +0.134% | $47K | $781K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.07 | +0.089% | $5.6M | $40.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.13 | +0.143% | $718.8M | $444.0M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.04 | +0.065% | $179.7M | $175.5M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.09 | +0.109% | $12.4M | $113.1M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.13 | +0.143% | $978.2M | $3.74B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.15 | +0.163% | $824.1M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.13 | +0.143% | $368.5M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.97 | +0.008% | $233K | $868K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.12 | +0.137% | $1.9M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.09 | +0.107% | $133.4M | $13.4M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.07 | +0.092% | $472.4M | $1.07B | 300x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 119.05 | +0.076% | — | $10.5M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.07 | +0.092% | $24.2M | $38.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.07 | +0.096% | $27.7M | $126.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.93 | −0.025% | $95.5M | $395.2M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.07 | +0.094% | $48.7M | $33.6M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 118.99 | +0.025% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.06 | +0.084% | $1.4M | $13.1M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.96 | 0.000% | $361K | $2.4M | 20x | as long as short |
| Bullet SOL-USDlong | +0.0100% | 1h | 118.96 | long leg | $201K | $1.8M | 20x | |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.01 | +0.044% | $37K | $15K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.02 | +0.053% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.03 | +0.059% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.02 | +0.050% | $46.4M | $100.2M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.05 | +0.077% | $8.7M | $37.3M | 50x | as long as short |
| Kalshi KXSOLPERP | +0.0108% | 8h | 119.11 | +0.127% | $1.2M | $20.9M | 3.1x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.08 | +0.099% | $8.1M | $414.7M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.05 | +0.079% | — | $217.9M | 500x | as long as short |
| Hibachi SOL/USDT-P | +0.0128% | 1h | 118.97 | +0.011% | $123K | $619K | 20x | as long as short |
| Phoenix SOL | +0.0149% | 1h | 119.15 | +0.160% | $6.7M | $12.5M | 25x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 119.12 | +0.136% | $1.6M | $6.2M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 118.95 | −0.005% | $1.1M | $558K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.99 | +0.025% | $51.9M | $91.1M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0223% | 1h | 119.08 | +0.097% | $36.1M | $90.0M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0237% / S −0.0174% | 1h | 118.99 | +0.029% | $3.5M | — | 200x | as long as short |
HTX SOL-USDT
Gate SOL_USDT
KuCoin SOLUSDTM
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Bitget SOLUSDT
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
BingX SOL-USDC
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
Phemex SOLUSDT
Extended SOL-USD
Kalshi KXSOLPERP
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Hibachi SOL/USDT-P
Phoenix SOL
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]