SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.022%

Price spread now: Pacifica against Deribit−0.115%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.115%, 7d avg +0.005%

Together, before fees+0.249%+ Points / potential airdropPacifica: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.121% cheaper against Deribit than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.005%). If the spread goes back, that is −$12 on $10k: about 4.0 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.061% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	117.80	0	get 0.0000% / 1h	33m 32s	$26.4M	$25.5M	50x
Short	Pacifica SOL	117.66	0.0100	get 0.0013% / 1h	33m 32s	$14.4M	$131.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.115%Rate

Funding earned: $21
Price spread: −0.115% → +0.005%: −$12.06
Slippage, 4 orders: −$4.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$10.08
Costs to cover: 0.190%
Break-even: 10.4 days

Slippage from Deribit: live order book, 1 min ago; Pacifica: live order book, 1 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, 1 min ago	0.30 bp	5.7 bp −$6	6.8 bp −$68	26.2 bp −$2,624	doesn't fit
Sell Pacifica live order book, 1 min ago	0.42 bp	5.0 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit

SOL on 54 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	117.80	+0.001%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0073%	1h	117.60	−0.166%	—	$609K	20x	as long as short
Hibachi SOL/USDT-P	−0.0064%	1h	117.77	−0.021%	$92K	$692K	20x	as long as short
ApeX Omni SOLUSDT	−0.0052%	1h	117.67	−0.112%	$1.5M	$6.1M	50x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.67	−0.109%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.59	−0.178%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.65	−0.126%	$4.5M	$24.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.78	−0.018%	$1.4M	$21.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.64	−0.132%	$129K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUALlong	0.0000%	1h	117.80	long leg	$26.4M	$25.5M	50x

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0002%	8h	117.71	−0.074%	$228.8M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0015%	8h	117.58	−0.185%	$853.0M	$659.6M	100x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.58	−0.186%	$2.0M	$4.6M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.76	−0.036%	$31.5M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.79	−0.004%	$8.0M	$410.8M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.60	−0.170%	—	$369.3M	—	as long as short
Orderly PERP_SOL_USDC	+0.0086%	8h	117.77	−0.026%	$1.1M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.64	−0.136%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.62	−0.152%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.65	−0.126%	$103K	$164K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.77	−0.027%	$345K	$259K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.67	−0.105%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.60	−0.168%	$65K	$852K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.69	−0.096%	$5.7M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.69	−0.092%	$718.9M	$401.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.60	−0.165%	$176.7M	$180.8M	100x	as long as short
Pacifica SOLshort	+0.0100%	1h	117.66	−0.115%	$14.4M	$131.0M	20x
Binance SOLUSDT	+0.0100%	8h	117.60	−0.168%	$970.3M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.63	−0.143%	$820.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.62	−0.151%	$365.2M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.61	−0.160%	$238K	$891K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.60	−0.167%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.208%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.60	−0.168%	$427.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.61	−0.157%	$131.4M	$210.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.59	−0.175%	$486.7M	$442.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.83	+0.027%	$23.8M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.66	−0.120%	$24.4M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.62	−0.148%	$94.5M	$405.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.77	−0.024%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.66	−0.117%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.60	−0.168%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.61	−0.160%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.73	−0.055%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.75	−0.043%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.77	−0.024%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.76	−0.033%	$45.8M	$101.8M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.33	−0.398%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.55	−0.212%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.67	−0.111%	—	$227.8M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.59	−0.178%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.341%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	117.60	−0.167%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0312%	1h	117.66	−0.118%	$25K	$51K	20x	as long as short