Funding you earn now, next payment 03:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h +0.031%
Price spread now: Kraken Futures against Derive+0.070%7-day average +0.034% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.070%, 7d avg +0.034%
=The price spread pays, funding is against you. Kraken Futures is 0.036% dearer against Derive than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.034%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.094%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive SOL-PERP | 117.84 | −0.0010 | get 0.0001% / 1h | 16m 24s | $1.9M | $2.8M | 13x |
| Short | Kraken Futures PF_SOLUSD | 117.92 | −0.0055 | pay 0.0007% / 1h | 16m 24s | $31.6M | $98.6M | 100x |
Derive SOL-PERP
Kraken Futures PF_SOLUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$9.4
- Price spread: +0.070% → +0.034%
- $3.56
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$21.83
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 3 min ago | 1.27 bp | 7.2 bp −$7 | 9.7 bp −$97 | 12.8 bp −$1,281 | 22.4 bp −$11.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERP | −0.0126% | 1h | 118.00 | +0.135% | $25K | $28K | 25x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 117.98 | +0.119% | $923 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0067% | 1h | 117.93 | +0.073% | — | $605K | 20x | as long as short |
| Kraken Futures PF_SOLUSDshort | −0.0055% | 1h | 117.92 | +0.070% | $31.6M | $98.6M | 100x | |
| Derive SOL-PERPlong | −0.0010% | 1h | 117.84 | long leg | $1.9M | $2.8M | 13x | |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 118.04 | +0.170% | $58K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 117.98 | +0.117% | $4.5M | $24.1M | 20x | as long as short |
| Hibachi SOL/USDT-P | +0.0048% | 1h | 117.92 | +0.072% | $105K | $696K | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0064% | 1h | 118.05 | +0.179% | $100K | $165K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0064% | 1h | 117.93 | +0.075% | $8.0M | $404.6M | 50x | as long as short |
Bluefin SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Hibachi SOL/USDT-P
01 Exchange SOLUSD
Coinbase International SOL-PERP-INTXShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0090% | 8h | 118.04 | +0.167% | $1.0M | $5.8M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 117.97 | +0.115% | $13.2M | $59.9M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 117.94 | +0.088% | $2.1M | $16.3M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.02 | +0.151% | $346K | $226K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 117.99 | +0.128% | $54K | $852K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 118.02 | +0.154% | $1.0M | $516K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 117.99 | +0.131% | $5.8M | $38.9M | 40x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.01 | +0.145% | $177.8M | $180.2M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.00 | +0.139% | $14.5M | $128.5M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.04 | +0.172% | $972.6M | $3.72B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.07 | +0.194% | $832.2M | $1.25B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.00 | +0.137% | $367.4M | $1.64B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 117.90 | +0.052% | $239K | $856K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.00 | +0.140% | $2.0M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 117.59 | −0.214% | $135.8M | $17.2M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 117.99 | +0.128% | $859.8M | $653.3M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.05 | +0.179% | $426.7M | $1.07B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.00 | +0.136% | $130.3M | $212.9M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.00 | +0.141% | $488.8M | $431.0M | 100x | as long as short |
| BingX SOL-USDT | +0.0100% | 8h | 118.04 | +0.173% | — | $362.9M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 117.96 | +0.103% | $23.7M | $36.5M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 117.98 | +0.122% | $24.4M | $115.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 117.94 | +0.084% | $94.7M | $393.9M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 117.97 | +0.110% | $48.3M | $28.7M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 118.02 | +0.151% | $1.7M | $5.9M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 117.86 | +0.018% | $1.3M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.02 | +0.154% | $354K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.05 | +0.176% | $200K | $1.6M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 117.90 | +0.052% | $192K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 117.90 | +0.052% | $6.2M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 117.91 | +0.059% | $229.0M | $45.5M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 117.93 | +0.077% | $46.0M | $100.3M | 50x | as long as short |
| Kalshi KXSOLPERP | +0.0101% | 8h | 117.92 | +0.065% | $1.4M | $19.3M | 3.1x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 117.95 | +0.094% | $8.2M | $36.1M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0110% | 1h | 117.96 | +0.099% | $26.5M | $24.9M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0112% / S +0.0056% | 1h | 117.95 | +0.098% | — | $215.6M | 500x | as long as short |
| Phoenix SOL | +0.0129% | 1h | 118.08 | +0.204% | $6.5M | $13.4M | 25x | as long as short |
| RISEx SOL/USDC | +0.0136% | 1h | 118.06 | +0.186% | $1.9M | $4.9M | 20x | as long as short |
| Hyperliquid SOL | +0.0176% | 1h | 118.11 | +0.231% | $722.5M | $389.8M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0190% | 1h | 117.99 | +0.125% | $1.1M | $536K | 25x | as long as short |
| Injective SOL/USDC PERP | +0.0218% | 1h | 117.49 | −0.296% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 117.92 | +0.069% | $51.7M | $71.7M | 125x | as long as short |
| Perpl SOL | +0.0223% | 43m | 118.02 | +0.153% | $128K | $3.8M | 8.3x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0232% / S −0.0171% | 1h | 118.04 | +0.167% | $3.6M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0406% | 1h | 117.92 | +0.068% | $25K | $51K | 20x | as long as short |
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Paradex SOL-USD-PERP
Nado SOL-PERP
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
BingX SOL-USDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Kalshi KXSOLPERP
Extended SOL-USD
Deribit SOL_USDC-PERPETUAL
Jupiter Perps SOL-PERP
Phoenix SOL
RISEx SOL/USDC
Hyperliquid SOL
Reya SOLRUSDPERP
Injective SOL/USDC PERP
BloFin SOL-USDT
Perpl SOL
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD