SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0346%/8h= −37.9% APRnext payment −$0.43 per $10,000 · paid last 24h +0.009%

Price spread now: Kraken Futures against Deribit−0.023%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.023%, 7d avg −0.024%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.180%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.180% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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	Deribit SOL_USDC-PERPETUAL	115.92	0.0106	pay 0.0013% / 1h	23m 42s	$26.2M	$22.0M	50x
Short	Kraken Futures PF_SOLUSD	115.90	−0.0241	pay 0.0030% / 1h	23m 42s	$31.7M	$102.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$72.76
Price spread: −0.023% → −0.024%: $0.12
Slippage, 4 orders: −$8.61
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$98.25
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Deribit: live order book, just now; Kraken Futures: live order book, 5 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 Deribit live order book, just now	0.09 bp	4.8 bp −$5	5.3 bp −$53	15.4 bp −$1,541	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.43 bp	9.0 bp −$9	11.1 bp −$111	15.2 bp −$1,522	30.9 bp −$15.4K

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
Kraken Futures PF_SOLUSDshort	−0.0241%	1h	115.90	−0.023%	$31.7M	$102.9M	100x
Hibachi SOL/USDT-P	−0.0160%	1h	115.78	−0.123%	$104K	$693K	20x	as long as short
BingX SOL-USDC	−0.0116%	8h	115.69	−0.202%	—	$10.6M	—	as long as short
Bybit SOLUSDT	−0.0111%	8h	115.70	−0.189%	$739.4M	$1.42B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.25	+0.282%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	115.78	−0.121%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	115.78	−0.122%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.83	−0.083%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.72	−0.175%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.80	−0.104%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0011%	1h	115.78	−0.127%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0024%	1h	115.74	−0.158%	$98K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.90	−0.019%	$7.7M	$403.4M	50x	as long as short
Bitget SOLUSDT	+0.0065%	8h	115.69	−0.204%	$476.8M	$457.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.85	−0.060%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.76	−0.141%	$12.9M	$61.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.75	−0.146%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.87	−0.043%	$348K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.68	−0.210%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.80	−0.111%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.76	−0.141%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.85	−0.064%	$684.9M	$400.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	115.77	−0.133%	$174.2M	$179.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	115.79	−0.114%	$15.6M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.77	−0.133%	$964.9M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.70	−0.193%	$361.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.77	−0.133%	$215K	$870K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.74	−0.162%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	−0.071%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.75	−0.150%	$840.1M	$669.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.73	−0.167%	$355.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.80	−0.105%	$125.0M	$229.8M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.84	−0.072%	$22.8M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.53	−0.343%	$24.7M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.59	−0.289%	$92.8M	$406.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.69	−0.202%	$47.4M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.61	−0.271%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.76	−0.141%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.80	−0.107%	$319K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	115.83	−0.080%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.83	−0.083%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.87	−0.050%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.89	−0.029%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.81	−0.097%	$224.3M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.85	−0.064%	$45.1M	$104.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.66	−0.229%	$7.9M	$38.8M	50x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0106%	1h	115.92	long leg	$26.2M	$22.0M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.83	−0.077%	—	$240.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.227%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	115.69	−0.202%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.81	−0.100%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.68	−0.210%	$51.5M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.83	−0.081%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.76	−0.140%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0582%	1h	115.78	−0.121%	$25K	$53K	20x	as long as short