Funding you earn now, next payment 22:00 UTC+0.0165%/8h= +18.0% APRpaid last 24h +0.035%
Price spread now: Katana Perps against Derive+0.146%7-day average +0.029% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.049%+$5 on $10k
+Price spread, last 3 days (all we have)+0.348%+$35 · spread now +0.146%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Katana Perps is 0.116% dearer against Derive than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive SOL-PERP | 118.83 | −0.0065 | get 0.0008% / 1h | 57m 40s | $2.0M | $3.2M | 13x |
| Short | Katana Perps SOL-USD | 119.00 | 0.0100 | get 0.0100% / 8h | 2h 57m | $47K | $786K | 20x |
Derive SOL-PERP
Katana Perps SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- $34.57
- Price spread: +0.146% → +0.029%
- $11.65
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $36.42
- Costs to cover
- 0.098%
- Break-even
- from the start
Slippage unknown: Derive: no order-book sample; Katana Perps: 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 Katana Perps no order-book sample | — | — | — | — | — |
Derive and Katana Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SOL/USDC PERP | −0.0151% | 1h | 118.68 | −0.123% | $4K | $2K | 12x | as long as short |
| Vest SOL-PERP | −0.0084% | 1h | 118.94 | +0.095% | — | $731K | 20x | as long as short |
| Aftermath Perps SOLUSD | −0.0083% | 1h | 119.05 | +0.190% | $24K | $48K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.05 | +0.184% | $844 | $8K | 25x | as long as short |
| Derive SOL-PERPlong | −0.0065% | 1h | 118.83 | long leg | $2.0M | $3.2M | 13x | |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.94 | +0.095% | $49K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 118.98 | +0.129% | $4.9M | $26.8M | 20x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.01 | +0.153% | $191K | $4.1M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0017% | 1h | 118.95 | +0.102% | $26.7M | $27.9M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0048% | 1h | 118.98 | +0.129% | $104K | $154K | 20x | as long as short |
Injective SOL/USDC PERP
Vest SOL-PERP
Aftermath Perps SOLUSD
Hotstuff SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Perpl SOL
Deribit SOL_USDC-PERPETUAL
01 Exchange SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0055% | 8h | 118.92 | +0.074% | $1.1M | $5.9M | 100x | as long as short |
| HTX SOL-USDT | +0.0065% | 8h | 118.86 | +0.030% | $231.6M | $43.8M | 75x | as long as short |
| SoDEX SOL-USD | +0.0067% | 1h | 118.87 | +0.037% | $6.2M | $10.8M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0076% | 1h | 119.13 | +0.254% | $1.5M | $6.3M | 50x | as long as short |
| Gate SOL_USDT | +0.0079% | 8h | 118.89 | +0.053% | $857.8M | $672.5M | 100x | as long as short |
| KuCoin SOLUSDTM | +0.0083% | 8h | 118.94 | +0.094% | $144.6M | $196.5M | 75x | as long as short |
| Bullet SOL-USD | +0.0087% | 1h | 118.90 | +0.062% | $199K | $1.8M | 20x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.95 | +0.108% | $13.4M | $52.7M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.94 | +0.095% | $2.0M | $16.6M | 25x | as long as short |
| Bitget SOLUSDT | +0.0096% | 8h | 118.93 | +0.090% | $496.1M | $452.5M | 100x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.87 | +0.038% | $353K | $746K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0098% | 8h | 118.89 | +0.056% | $1.0M | $525K | 50x | as long as short |
| Katana Perps SOL-USDshort | +0.0100% | 8h | 119.00 | +0.146% | $47K | $786K | 20x | |
| Nado SOL-PERP | +0.0100% | 1h | 119.05 | +0.189% | $5.6M | $40.8M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.03 | +0.171% | $718.6M | $443.3M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.91 | +0.070% | $179.8M | $175.9M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.96 | +0.116% | $12.4M | $113.1M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.91 | +0.070% | $976.4M | $3.76B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.93 | +0.084% | $822.5M | $1.27B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.90 | +0.062% | $367.8M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.88 | +0.045% | $234K | $866K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.03 | +0.171% | $2.0M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.09 | +0.219% | $133.4M | $13.4M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.92 | +0.079% | $468.6M | $1.07B | 300x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 118.91 | +0.067% | — | $10.4M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.88 | +0.045% | $24.1M | $38.4M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.33 | +0.421% | $27.8M | $126.3M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.09 | +0.218% | $95.6M | $395.2M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.08 | +0.210% | $48.7M | $33.4M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.10 | +0.230% | $1.4M | $13.1M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.96 | +0.112% | $361K | $2.4M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.92 | +0.079% | $38K | $14K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.86 | +0.030% | $193K | $1.9M | 30x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.85 | +0.020% | $46.4M | $100.1M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.88 | +0.046% | $8.7M | $37.4M | 50x | as long as short |
| Kalshi KXSOLPERP | +0.0111% | 8h | 119.05 | +0.192% | $1.2M | $21.0M | 3.1x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 118.92 | +0.075% | $8.0M | $414.9M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.07 | +0.209% | — | $218.3M | 500x | as long as short |
| Hibachi SOL/USDT-P | +0.0128% | 1h | 119.10 | +0.231% | $123K | $608K | 20x | as long as short |
| Phoenix SOL | +0.0149% | 1h | 119.28 | +0.382% | $7.3M | $11.2M | 25x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 119.00 | +0.147% | $1.6M | $6.4M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 118.94 | +0.092% | $1.1M | $558K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.07 | +0.205% | $51.7M | $91.1M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0224% | 1h | 118.89 | +0.054% | $36.1M | $90.7M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0237% / S −0.0178% | 1h | 118.94 | +0.092% | $3.5M | — | 200x | as long as short |
Orderly PERP_SOL_USDC
HTX SOL-USDT
SoDEX SOL-USD
ApeX Omni SOLUSDT
Gate SOL_USDT
KuCoin SOLUSDTM
Bullet SOL-USD
Lighter SOL
Lighter RH SOL
Bitget SOLUSDT
Aevo SOL-PERP
Paradex SOL-USD-PERP
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
BingX SOL-USDC
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
Phemex SOLUSDT
Extended SOL-USD
Kalshi KXSOLPERP
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Hibachi SOL/USDT-P
Phoenix SOL
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]