Funding you earn now, next payment 02:00 UTC+0.0122%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.040%
Price spread now: Bullet against Derive+0.102%7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.057%+$6 on $10k
+Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.102%, 7d avg +0.031%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bullet is 0.071% dearer against Derive than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive SOL-PERP | 117.49 | −0.0022 | get 0.0003% / 1h | 32m 43s | $2.0M | $2.8M | 13x |
| Short | Bullet SOL-USD | 117.61 | 0.0100 | get 0.0013% / 1h | 32m 43s | $200K | $1.7M | 20x |
Derive SOL-PERP
Bullet SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Derive. 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
- $25.53
- Price spread: +0.102% → +0.031%
- $7.1
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $18.64
- Costs to cover
- 0.140%
- Break-even
- 1.9 days
Slippage unknown: Derive: no order-book sample; Bullet: live order book, 1 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 1 min ago | 0.34 bp | 5.4 bp −$5 | 8.9 bp −$89 | doesn't fit | doesn't fit |
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 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 | +0.264% | $921 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0073% | 1h | 117.60 | +0.096% | — | $609K | 20x | as long as short |
| Hibachi SOL/USDT-P | −0.0064% | 1h | 117.77 | +0.241% | $92K | $692K | 20x | as long as short |
| ApeX Omni SOLUSDT | −0.0052% | 1h | 117.67 | +0.150% | $1.5M | $6.1M | 50x | as long as short |
| Derive SOL-PERPlong | −0.0022% | 1h | 117.49 | long leg | $2.0M | $2.8M | 13x | |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 117.59 | +0.084% | $53K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 117.83 | +0.290% | $4.5M | $24.4M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 117.78 | +0.243% | $1.4M | $21.4M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 117.64 | +0.130% | $129K | $3.9M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 117.62 | +0.112% | $26.4M | $25.5M | 50x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
Hibachi SOL/USDT-P
ApeX Omni SOLUSDT
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOL
Deribit SOL_USDC-PERPETUALShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SOL-USDT | +0.0001% | 8h | 117.53 | +0.038% | $228.5M | $45.5M | 75x | as long as short |
| Gate SOL_USDT | +0.0015% | 8h | 117.68 | +0.161% | $853.5M | $659.8M | 100x | as long as short |
| RISEx SOL/USDC | +0.0018% | 1h | 117.58 | +0.076% | $2.0M | $4.6M | 20x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0049% | 1h | 117.55 | +0.052% | $31.5M | $98.8M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0072% | 1h | 117.56 | +0.058% | $8.0M | $409.8M | 50x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 117.63 | +0.121% | — | $10.6M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0086% | 8h | 117.60 | +0.093% | $1.1M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 117.80 | +0.261% | $13.0M | $59.7M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 117.72 | +0.195% | $2.2M | $16.8M | 25x | as long as short |
| 01 Exchange SOLUSD | +0.0096% | 1h | 117.65 | +0.136% | $103K | $164K | 20x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 117.59 | +0.081% | $345K | $259K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 117.80 | +0.265% | $1.0M | $518K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 117.60 | +0.093% | $65K | $852K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 117.69 | +0.166% | $5.7M | $41.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 117.86 | +0.315% | $719.9M | $401.7M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 117.73 | +0.203% | $176.9M | $180.7M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 117.82 | +0.281% | $14.4M | $131.0M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 117.82 | +0.281% | $972.1M | $3.82B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 117.84 | +0.298% | $821.7M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 117.81 | +0.272% | $365.9M | $1.68B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 117.57 | +0.068% | $238K | $891K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 117.83 | +0.290% | $2.0M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 117.55 | +0.053% | $134.7M | $14.2M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 117.82 | +0.281% | $428.1M | $1.11B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 117.72 | +0.191% | $131.5M | $210.3M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 117.79 | +0.257% | $487.6M | $442.2M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 117.55 | +0.051% | $23.7M | $37.6M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 117.66 | +0.142% | $24.4M | $128.8M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 117.62 | +0.113% | $94.5M | $405.5M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 117.77 | +0.238% | $48.2M | $29.7M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 117.66 | +0.144% | $1.3M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 117.60 | +0.093% | $358K | $2.4M | 20x | as long as short |
| Bullet SOL-USDshort | +0.0100% | 1h | 117.61 | +0.102% | $200K | $1.7M | 20x | |
| Bluefin SOL-PERP | +0.0100% | 1h | 117.59 | +0.081% | $37K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 117.59 | +0.083% | $191K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 117.58 | +0.076% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 117.53 | +0.034% | $45.7M | $102.0M | 50x | as long as short |
| Phoenix SOL | +0.0101% | 1h | 117.33 | −0.136% | $6.5M | $13.5M | 25x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 117.65 | +0.140% | $8.2M | $36.1M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0112% / S +0.0056% | 1h | 117.67 | +0.151% | — | $227.8M | 500x | as long as short |
| Reya SOLRUSDPERP | +0.0188% | 1h | 117.59 | +0.083% | $1.1M | $523K | 25x | as long as short |
| Injective SOL/USDC PERP | +0.0222% | 1h | 118.20 | +0.604% | $4K | $2K | 12x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0172% | 1h | 117.60 | +0.095% | $3.6M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0312% | 1h | 117.66 | +0.144% | $25K | $51K | 20x | as long as short |
HTX SOL-USDT
Gate SOL_USDT
RISEx SOL/USDC
Kraken Futures PF_SOLUSD
Coinbase International SOL-PERP-INTX
BingX SOL-USDC
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
01 Exchange SOLUSD
Aevo SOL-PERP
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
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Phoenix SOL
Extended SOL-USD
Jupiter Perps SOL-PERP
Reya SOLRUSDPERP
Injective SOL/USDC PERP
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD