SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h −0.019%

Price spread now: Hotstuff against Derive−0.066%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Hotstuff is 0.066% cheaper against Derive than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive SOL-PERP	118.59	−0.0065	get 0.0008% / 1h	16m 02s	$2.0M	$3.1M	13x
Short	Hotstuff SOL-PERP	118.51	−0.0080	pay 0.0010% / 1h	16m 02s	$840	$8K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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

Position, each leg$Hold fordaysFee DerivebpFee HotstuffbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$3.19
Price spread: −0.066% → 0.000%: −$6.62
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$20.8
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Hotstuff: no order-book sample. 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 Hotstuff no order-book sample	—	—	—	—	—

Derive and Hotstuff: 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
Vest SOL-PERP	−0.0091%	1h	118.52	−0.057%	—	$731K	20x	as long as short
Hotstuff SOL-PERPshort	−0.0080%	1h	118.51	−0.066%	$840	$8K	25x
Aftermath Perps SOLUSD	−0.0066%	1h	118.66	+0.058%	$24K	$48K	20x	as long as short
Derive SOL-PERPlong	−0.0065%	1h	118.59	long leg	$2.0M	$3.1M	13x
dYdX SOL-USD	−0.0013%	1h	118.55	−0.033%	$4.8M	$26.7M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.67	+0.069%	$49K	—	150x	as long as short
Perpl SOL	0.0000%	43m	118.62	+0.026%	$194K	$4.1M	8.3x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	118.65	+0.051%	$104K	$154K	20x	as long as short
HTX SOL-USDT	+0.0052%	8h	118.53	−0.050%	$231.0M	$43.5M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0054%	1h	118.74	+0.126%	$26.6M	$27.9M	50x	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	+0.0055%	8h	118.68	+0.077%	$1.1M	$5.8M	100x	as long as short
KuCoin SOLUSDTM	+0.0069%	8h	118.67	+0.072%	$137.5M	$185.6M	75x	as long as short
Gate SOL_USDT	+0.0076%	8h	118.68	+0.076%	$854.5M	$680.2M	100x	as long as short
Bitget SOLUSDT	+0.0088%	8h	118.69	+0.085%	$496.2M	$450.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.69	+0.081%	$13.4M	$52.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.68	+0.076%	$2.0M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.66	+0.060%	$353K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.60	+0.006%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.64	+0.043%	$48K	$778K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.56	−0.027%	$5.5M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.75	+0.135%	$715.9M	$440.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.63	+0.031%	$179.3M	$174.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.59	−0.002%	$12.3M	$112.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.64	+0.043%	$975.4M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.70	+0.090%	$818.9M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.67	+0.068%	$365.2M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.50	−0.075%	$232K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.64	+0.041%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.033%	$132.5M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.68	+0.076%	$478.0M	$1.07B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.67	+0.065%	—	$369.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.72	+0.110%	$24.1M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.70	+0.091%	$25.2M	$123.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.55	−0.029%	$95.2M	$393.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.54	−0.039%	$48.5M	$33.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.48	−0.091%	$1.5M	$6.3M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.58	−0.008%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.61	+0.017%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.63	+0.038%	$200K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.68	+0.076%	$37K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.54	−0.040%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.67	+0.068%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.69	+0.085%	$46.3M	$99.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.65	+0.049%	$8.7M	$37.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	118.72	+0.113%	$8.0M	$410.8M	50x	as long as short
Kalshi KXSOLPERP	+0.0105%	8h	118.63	+0.038%	$1.2M	$21.0M	3.1x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.59	−0.001%	—	$218.3M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0131%	1h	118.71	+0.100%	$36.2M	$90.7M	100x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	118.60	+0.008%	$122K	$590K	20x	as long as short
Phoenix SOL	+0.0149%	1h	118.63	+0.034%	$7.3M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	118.66	+0.061%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	118.58	−0.005%	$1.1M	$559K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.47	−0.101%	$51.6M	$89.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0239% / S −0.0182%	1h	118.64	+0.043%	$3.6M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	119.06	+0.397%	$4K	$2K	12x	as long as short