SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h +0.021%

Price spread now: SoDEX against Deribit−0.108%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.075%+$8 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.108%, 7d avg −0.030%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.079% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.030%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.075%, 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	117.01	0.0164	pay 0.0020% / 1h	59m 46s	$26.4M	$23.5M	50x
Short	SoDEX SOL-USD	116.88	0.0100	get 0.0013% / 1h	59m 46s	$6.1M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$13.4
Price spread: −0.108% → −0.030%: −$7.89
Slippage, 4 orders: −$3.56
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$39.85
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from Deribit: live order book, 4 min ago; SoDEX: 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 Deribit live order book, 4 min ago	0.04 bp	5.0 bp −$5	5.7 bp −$57	12.0 bp −$1,203	doesn't fit
Sell SoDEX live order book, 4 min ago	0.43 bp	4.4 bp −$4	4.7 bp −$47	13.8 bp −$1,379	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
Hibachi SOL/USDT-P	−0.0176%	1h	116.98	−0.023%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0099%	1h	116.88	−0.105%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.85	−0.132%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.95	−0.049%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.97	−0.036%	$1.4M	$18.8M	3.1x	as long as short
dYdX SOL-USD	+0.0003%	1h	116.96	−0.041%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0016%	1h	116.88	−0.107%	$1.9M	$2.8M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.95	−0.049%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.90	−0.091%	$7.5M	$404.6M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.89	−0.102%	$31.0M	$99.9M	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	+0.0093%	8h	116.96	−0.039%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.95	−0.049%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.88	−0.112%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.95	−0.050%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.94	−0.057%	$51K	$872K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.98	−0.024%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.92	−0.075%	$5.5M	$39.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.86	−0.126%	$705.7M	$394.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.78	−0.194%	$174.8M	$182.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.99	−0.018%	$15.8M	$129.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.80	−0.173%	$973.1M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.73	−0.239%	$781.0M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.76	−0.211%	$369.3M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.88	−0.108%	$231K	$838K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.96	−0.041%	$927K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	−0.265%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.73	−0.237%	$843.8M	$667.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.82	−0.160%	$369.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.79	−0.186%	$129.2M	$221.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.72	−0.246%	$479.4M	$441.7M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.78	−0.198%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.82	−0.160%	$23.2M	$39.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.91	−0.079%	$24.6M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.78	−0.194%	$93.8M	$397.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.84	−0.143%	$47.8M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	−0.117%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.79	−0.185%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.93	−0.066%	$322K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.93	−0.067%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.94	−0.060%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.87	−0.120%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USDshort	+0.0100%	1h	116.88	−0.108%	$6.1M	$10.8M	20x
HTX SOL-USDT	+0.0100%	8h	116.94	−0.053%	$226.8M	$47.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.84	−0.143%	$45.7M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.72	−0.247%	$8.3M	$37.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.93	−0.068%	—	$231.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.72	−0.245%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.99	−0.014%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0164%	1h	117.01	long leg	$26.4M	$23.5M	50x
Reya SOLRUSDPERP	+0.0190%	1h	116.90	−0.089%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.95	−0.049%	$52.1M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.94	−0.053%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.94	−0.055%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0518%	1h	116.87	−0.116%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	117.01	0.000%	$1.9M	$4.8M	20x	as long as short