SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.018%

Price spread now: Derive against Deribit−0.146%7-day average −0.057% · you buy dearer than you sell

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

Long on Deribit Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+0.155%+$15 · spread now −0.146%, 7d avg −0.057%

Together, before fees+0.234%+$23 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 0.089% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.057%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.080%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	119.00	0.0106	pay 0.0013% / 1h	20m 28s	$26.7M	$24.8M	50x
Short	Derive SOL-PERP	118.83	−0.0062	pay 0.0008% / 1h	20m 28s	$2.0M	$2.7M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Deribit. 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 DeribitbpFee DerivebpOrdersPrice spread, now −0.146%Rate

Funding earned: −$35.1
Price spread: −0.146% → −0.057%: −$8.93
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$57.03
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 4 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 Deribit live order book, 4 min ago	0.80 bp	5.7 bp −$6	6.1 bp −$61	19.4 bp −$1,944	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
Hotstuff SOL-PERP	−0.0080%	1h	118.92	−0.070%	$930	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.90	−0.088%	—	$608K	20x	as long as short
Derive SOL-PERPshort	−0.0062%	1h	118.83	−0.146%	$2.0M	$2.7M	13x
dYdX SOL-USD	−0.0022%	1h	118.98	−0.017%	$5.0M	$25.7M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.97	−0.026%	$32.4M	$97.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.93	−0.059%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.95	−0.043%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.97	−0.023%	$154K	$3.8M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0016%	1h	118.97	−0.026%	$100K	$657K	20x	as long as short
HTX SOL-USDT	+0.0017%	8h	118.88	−0.103%	$231.2M	$44.0M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin SOL-PERP	+0.0026%	1h	118.92	−0.070%	$37K	$17K	25x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	118.97	−0.025%	$104K	$160K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.85	−0.128%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0082%	8h	118.92	−0.064%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.97	−0.022%	$8.1M	$409.8M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.89	−0.091%	$14.2M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.93	−0.058%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.91	−0.071%	$348K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.86	−0.118%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.93	−0.059%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.88	−0.104%	$5.9M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.07	+0.059%	$724.8M	$396.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.90	−0.082%	$179.5M	$177.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.92	−0.066%	$12.2M	$124.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.94	−0.050%	$979.6M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.98	−0.017%	$824.1M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.94	−0.050%	$370.7M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.86	−0.117%	$233K	$830K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.92	−0.064%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.07	+0.059%	$136.4M	$9.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.91	−0.075%	$854.7M	$668.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.98	−0.017%	$429.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.96	−0.031%	$138.6M	$203.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.94	−0.046%	$493.8M	$439.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.93	−0.059%	$24.1M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.93	−0.063%	$25.0M	$130.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.00	+0.004%	$95.6M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.15	+0.125%	$48.8M	$29.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.04	+0.034%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.91	−0.075%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.96	−0.033%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.00	−0.002%	$204K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.91	−0.074%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.94	−0.050%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.91	−0.075%	$46.6M	$99.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.89	−0.090%	$8.6M	$34.9M	50x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0106%	1h	119.00	long leg	$26.7M	$24.8M	50x
Phoenix SOL	+0.0114%	1h	119.17	+0.143%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.95	−0.039%	—	$219.4M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.92	−0.063%	$1.8M	$4.5M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	118.93	−0.063%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	+0.009%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	118.94	−0.052%	$1.1M	$524K	25x	as long as short
Aftermath Perps SOLUSD	+0.0190%	1h	119.04	+0.031%	$25K	$50K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.91	−0.075%	$51.8M	$76.1M	125x	as long as short