Funding you earn now, next payment 00:00 UTC+0.0183%/8h= +20.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.017%
Price spread now: Deribit against Derive+0.112%7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.112%, 7d avg +0.056%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit 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 +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 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 | Derive SOL-PERP | 118.40 | −0.0100 | get 0.0013% / 1h | 11m 16s | $2.0M | $2.8M | 13x |
| Short | Deribit SOL_USDC-PERPETUAL | 118.53 | 0.0083 | get 0.0010% / 1h | 11m 16s | $26.6M | $25.8M | 50x |
Derive SOL-PERP
Deribit SOL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $38.38
- Price spread: +0.112% → +0.056%
- $5.57
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $30.95
- Costs to cover
- 0.130%
- Break-even
- 1.4 days
Slippage unknown: Derive: no order-book sample; Deribit: live order book, 3 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 Deribit live order book, 3 min ago | 0.04 bp | 4.6 bp −$5 | 5.5 bp −$55 | 16.9 bp −$1,694 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Derive SOL-PERPlong | −0.0100% | 1h | 118.40 | long leg | $2.0M | $2.8M | 13x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.49 | +0.081% | $840 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0076% | 1h | 118.46 | +0.053% | — | $723K | 20x | as long as short |
| dYdX SOL-USD | −0.0020% | 1h | 118.49 | +0.081% | $4.8M | $28.0M | 20x | as long as short |
| ApeX Omni SOLUSDT | −0.0014% | 1h | 118.53 | +0.111% | $1.5M | $6.2M | 50x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 118.50 | +0.085% | $113K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.60 | +0.167% | $1.2M | $20.8M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.49 | +0.080% | $174K | $3.9M | 8.3x | as long as short |
| Gate SOL_USDT | +0.0071% | 8h | 118.46 | +0.052% | $863.9M | $686.6M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0076% | 8h | 118.50 | +0.083% | $1.0M | $5.9M | 100x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
dYdX SOL-USD
ApeX Omni SOLUSDT
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Gate SOL_USDT
Orderly PERP_SOL_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SOL-USDT | +0.0078% | 8h | 118.51 | +0.092% | $230.7M | $45.2M | 75x | as long as short |
| 01 Exchange SOLUSD | +0.0080% | 1h | 118.52 | +0.103% | $103K | $158K | 20x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 118.46 | +0.053% | — | $10.5M | — | as long as short |
| Deribit SOL_USDC-PERPETUALshort | +0.0083% | 1h | 118.53 | +0.112% | $26.6M | $25.8M | 50x | |
| Lighter SOL | +0.0096% | 1h | 118.48 | +0.071% | $13.4M | $56.6M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.49 | +0.075% | $2.1M | $17.1M | 25x | as long as short |
| Hibachi SOL/USDT-P | +0.0096% | 1h | 118.62 | +0.183% | $120K | $631K | 20x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.45 | +0.048% | $351K | $748K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0096% | 1h | 118.50 | +0.086% | $8.1M | $415.7M | 50x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 118.52 | +0.100% | $1.0M | $521K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.50 | +0.086% | $45K | $802K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.52 | +0.100% | $5.7M | $40.9M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 118.60 | +0.171% | $717.1M | $411.0M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.49 | +0.078% | $178.2M | $177.5M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.54 | +0.117% | $12.2M | $121.9M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.48 | +0.067% | $976.4M | $3.83B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.50 | +0.086% | $821.7M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.47 | +0.061% | $369.4M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.58 | +0.154% | $229K | $876K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.53 | +0.113% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.73 | +0.278% | $133.6M | $4.6M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.49 | +0.078% | $426.3M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.49 | +0.078% | $137.5M | $206.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.46 | +0.055% | $491.4M | $459.6M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.57 | +0.145% | $24.1M | $38.6M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.48 | +0.067% | $26.9M | $129.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.54 | +0.122% | $95.2M | $402.4M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.53 | +0.109% | $48.6M | $31.1M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.57 | +0.145% | $1.3M | $13.6M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.48 | +0.069% | $358K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.47 | +0.063% | $200K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.48 | +0.070% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.46 | +0.049% | $192K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.47 | +0.061% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.56 | +0.137% | $46.3M | $102.7M | 50x | as long as short |
| Phoenix SOL | +0.0100% | 1h | 118.69 | +0.247% | $6.6M | $13.7M | 25x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.44 | +0.037% | $8.6M | $36.0M | 50x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0106% | 1h | 118.49 | +0.078% | $32.5M | $97.2M | 100x | as long as short |
| Aftermath Perps SOLUSD | +0.0111% | 1h | 118.62 | +0.191% | $24K | $47K | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.61 | +0.180% | — | $226.1M | 500x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0167% / S −0.0064% | 1h | 118.49 | +0.077% | $3.7M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0170% | 1h | 118.91 | +0.432% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0184% | 1h | 118.46 | +0.056% | $1.1M | $538K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.55 | +0.128% | $51.8M | $80.3M | 125x | as long as short |
| RISEx SOL/USDC | +0.0226% | 1h | 118.48 | +0.073% | $1.8M | $4.9M | 20x | as long as short |
HTX SOL-USDT
01 Exchange SOLUSD
BingX SOL-USDC
Lighter SOL
Lighter RH SOL
Hibachi SOL/USDT-P
Aevo SOL-PERP
Coinbase International SOL-PERP-INTX
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
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Phoenix SOL
Extended SOL-USD
Kraken Futures PF_SOLUSD
Aftermath Perps SOLUSD
Jupiter Perps SOL-PERP
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
RISEx SOL/USDC