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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.16 per $10,000 · paid last 24h +0.041%
Price spread now: Extended against Derive−0.103%7-day average −0.001% · you buy dearer than you sell
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+0.049%+$5 on $10k
Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.103%, 7d avg −0.001%
Together, before fees+0.163%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.102% cheaper against Derive than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.001%). If the spread goes back, that is −$10 on $10k: about 2.7 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.049% in total) that is about 15 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive SOL-PERP117.67−0.0022get 0.0003% / 1h33m 34s$2.0M$2.8M13x
ShortExtended SOL-USD117.550.0104get 0.0013% / 1h33m 34s$8.2M$36.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$26.37
Price spread: −0.103% → −0.001%
−$10.17
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$5.21
Costs to cover
0.110%
Break-even
5.6 days
Slippage unknown: Derive: no order-book sample; Extended: live order book, 6 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 Extended live order book, 6 min ago0.43 bp2.9 bp −$32.9 bp −$295.7 bp −$574doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni SOLUSDT−0.0089%1h117.61−0.051%$1.5M$6.1M50xas long as short
Hotstuff SOL-PERP−0.0080%1h117.80+0.111%$921$8K25xas long as short
Vest SOL-PERP−0.0073%1h117.69+0.020%$609K20xas long as short
Hibachi SOL/USDT-P−0.0072%1h117.68+0.013%$92K$695K20xas long as short
Derive SOL-PERPlong−0.0022%1h117.67long leg$2.0M$2.8M13x
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h117.77+0.085%$53K150xas long as short
dYdX SOL-USD0.0000%1h117.65−0.017%$4.5M$24.4M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.78+0.091%$1.4M$21.4M3.1xas long as short
Perpl SOL0.0000%43m117.80+0.110%$129K$3.9M8.3xas long as short
Deribit SOL_USDC-PERPETUAL0.0000%1h117.80+0.109%$26.4M$25.5M50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SOL-USDT+0.0002%8h117.71+0.035%$228.8M$45.5M75xas long as short
Gate SOL_USDT+0.0015%8h117.58−0.076%$853.0M$659.6M100xas long as short
RISEx SOL/USDC+0.0018%1h117.58−0.076%$2.0M$4.6M20xas long as short
Kraken Futures PF_SOLUSD+0.0049%1h117.76+0.073%$31.5M$98.8M100xas long as short
Coinbase International SOL-PERP-INTX+0.0072%1h117.79+0.106%$8.0M$410.8M50xas long as short
BingX SOL-USDT+0.0080%8h117.61−0.051%$369.2Mas long as short
Orderly PERP_SOL_USDC+0.0086%8h117.77+0.084%$1.1M$5.9M100xas long as short
Lighter SOL+0.0096%1h117.64−0.027%$13.0M$59.7M25xas long as short
Lighter RH SOL+0.0096%1h117.62−0.043%$2.2M$16.8M25xas long as short
01 Exchange SOLUSD+0.0096%1h117.65−0.017%$103K$164K20xas long as short
Aevo SOL-PERP+0.0096%1h117.77+0.082%$345K$259K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.67+0.004%$1.0M$518K50xas long as short
Katana Perps SOL-USD+0.0100%8h117.60−0.059%$65K$852K20xas long as short
Nado SOL-PERP+0.0100%1h117.74+0.060%$5.7M$41.7M40xas long as short
Hyperliquid SOL+0.0100%1h117.76+0.077%$719.4M$401.4M20xas long as short
Aster SOLUSDT+0.0100%8h117.76+0.078%$176.9M$180.8M100xas long as short
Pacifica SOL+0.0100%1h117.66−0.006%$14.4M$131.0M20xas long as short
Binance SOLUSDT+0.0100%8h117.61−0.051%$970.4M$3.83B100xas long as short
Bybit SOLUSDT+0.0100%8h117.60−0.057%$820.2M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.58−0.076%$365.5M$1.68B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.61−0.051%$238K$891K10xas long as short
Arcus SOL-USD+0.0100%1h117.60−0.057%$2.0M$9.1M20xas long as short
Bulk SOL-USD+0.0100%1h117.55−0.099%$134.7M$14.2M20xas long as short
MEXC SOL_USDT+0.0100%8h117.60−0.059%$427.0M$1.11B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.67+0.004%$131.5M$210.5M75xas long as short
Bitget SOLUSDT+0.0100%8h117.57−0.087%$486.6M$442.5M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.83+0.136%$23.8M$37.5M50xas long as short
Variational Omni SOL+0.0100%8h117.66−0.011%$24.4M$128.8Mas long as short
edgeX SOLUSDC+0.0100%4h117.62−0.039%$94.5M$405.5M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.52−0.126%$48.2M$29.7M20xas long as short
StandX SOL-USD+0.0100%1h117.66−0.008%$1.3M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.75+0.068%$360K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h117.77+0.084%$200K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.73+0.055%$37K$16K25xas long as short
SunX SOL-USDT+0.0100%8h117.75+0.067%$191K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.77+0.085%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.76+0.077%$45.8M$101.8M50xas long as short
Phoenix SOL+0.0101%1h117.33−0.288%$6.5M$13.5M25xas long as short
Extended SOL-USDshort+0.0104%1h117.55−0.103%$8.2M$36.1M50x
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.77+0.087%$228.0M500xas long as short
Reya SOLRUSDPERP+0.0188%1h117.75+0.067%$1.1M$523K25xas long as short
Injective SOL/USDC PERP+0.0222%1h118.20+0.451%$4K$2K12xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0172%1h117.76+0.073%$3.6M200xas long as short
Aftermath Perps SOLUSD+0.0321%1h117.70+0.029%$25K$51K20xas long as short