Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.037%
Price spread now: Coinbase International against Derive+0.107%7-day average +0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.107%, 7d avg +0.051%
Together, before fees−0.061%−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.056% dearer against Derive than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive SOL-PERP119.48−0.0056get 0.0007% / 1h13m 51s$2.0M$3.2M13x
ShortCoinbase International SOL-PERP-INTX119.610.0112get 0.0014% / 1h13m 51s$8.2M$417.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Derive. 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

Funding earned
$35.36
Price spread: +0.107% → +0.051%
$5.65
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$25.01
Costs to cover
0.160%
Break-even
2.0 days
Slippage unknown: Derive: no order-book sample; Coinbase International: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell Coinbase International live order book, 5 min ago0.04 bp5.6 bp −$69.0 bp −$9018.1 bp −$1,814586.9 bp −$293.5K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SOL/USDC PERP−0.0151%1h119.15−0.277%$4K$2K12xas long as short
Hotstuff SOL-PERP−0.0080%1h119.49+0.007%$847$8K25xas long as short
Vest SOL-PERP−0.0072%1h119.46−0.022%$724K20xas long as short
Derive SOL-PERPlong−0.0056%1h119.48long leg$2.0M$3.2M13x
dYdX SOL-USD−0.0004%1h119.51+0.024%$5.0M$27.1M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.58+0.078%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.54+0.052%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.57+0.071%$179K$4.0M8.3xas long as short
Deribit SOL_USDC-PERPETUAL0.0000%1h119.62+0.118%$26.8M$27.7M50xas long as short
Aftermath Perps SOLUSD+0.0033%1h119.58+0.083%$24K$47K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SOL-USDT+0.0051%8h119.52+0.034%$232.8M$44.6M75xas long as short
Orderly PERP_SOL_USDC+0.0062%8h119.58+0.084%$1.1M$5.9M100xas long as short
Hibachi SOL/USDT-P+0.0064%1h119.46−0.019%$120K$622K20xas long as short
01 Exchange SOLUSD+0.0072%1h119.50+0.015%$105K$152K20xas long as short
BingX SOL-USDC+0.0080%8h119.49+0.010%$10.5Mas long as short
Gate SOL_USDT+0.0091%8h119.51+0.024%$872.2M$688.0M100xas long as short
Lighter SOL+0.0096%1h119.55+0.059%$13.6M$55.1M25xas long as short
Lighter RH SOL+0.0096%1h119.55+0.055%$2.1M$17.0M25xas long as short
Aevo SOL-PERP+0.0096%1h119.55+0.060%$355K$747K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h119.46−0.020%$1.0M$523K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.48−0.001%$49K$784K20xas long as short
Nado SOL-PERP+0.0100%1h119.49+0.008%$6.3M$41.9M40xas long as short
Hyperliquid SOL+0.0100%1h119.55+0.057%$721.7M$414.5M20xas long as short
Aster SOLUSDT+0.0100%8h119.49+0.010%$179.9M$176.0M100xas long as short
Pacifica SOL+0.0100%1h119.53+0.040%$12.4M$115.5M20xas long as short
Binance SOLUSDT+0.0100%8h119.51+0.024%$978.4M$3.78B100xas long as short
Bybit SOLUSDT+0.0100%8h119.51+0.020%$826.4M$1.27B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.45−0.026%$372.1M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.39−0.077%$235K$872K10xas long as short
Arcus SOL-USD+0.0100%1h119.52+0.032%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h119.66+0.147%$134.1M$11.3M20xas long as short
MEXC SOL_USDT+0.0100%8h119.51+0.024%$429.2M$1.12B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.53+0.040%$141.1M$197.6M75xas long as short
Bitget SOLUSDT+0.0100%8h119.47−0.005%$498.6M$452.7M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.57+0.074%$24.3M$38.1M50xas long as short
Variational Omni SOL+0.0100%8h119.47−0.010%$27.4M$127.6Mas long as short
edgeX SOLUSDC+0.0100%4h119.69+0.178%$96.1M$402.3M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.56+0.063%$49.0M$33.3M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.61+0.110%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.42−0.052%$1.4M$13.3M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.52+0.032%$365K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.56+0.067%$203K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h119.54+0.051%$38K$16K25xas long as short
SunX SOL-USDT+0.0100%8h119.46−0.022%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.56+0.066%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.57+0.074%$46.7M$101.6M50xas long as short
Extended SOL-USD+0.0104%1h119.49+0.005%$8.7M$36.8M50xas long as short
Coinbase International SOL-PERP-INTXshort+0.0112%1h119.61+0.107%$8.2M$417.7M50x
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.46−0.019%$221.4M500xas long as short
Phoenix SOL+0.0154%1h119.58+0.082%$6.6M$12.5M25xas long as short
GMX SOL/USD [SOL-USDC]L +0.0171% / S −0.0090%1h119.57+0.073%$3.6M200xas long as short
RISEx SOL/USDC+0.0175%1h119.50+0.014%$1.6M$6.0M20xas long as short
Reya SOLRUSDPERP+0.0180%1h119.55+0.061%$1.1M$558K25xas long as short
BloFin SOL-USDT+0.0220%8h119.41−0.060%$52.0M$86.8M125xas long as short
Kraken Futures PF_SOLUSD+0.0222%1h119.59+0.092%$35.6M$91.2M100xas long as short