Funding you earn now, next payment 22:00 UTC+0.0203%/8h= +22.2% APRpaid last 24h +0.033%
Price spread now: Paradex against Derive−0.065%7-day average +0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.043%+$4 on $10k
+Price spread, last 3 days (all we have)+0.619%+$62 · spread now −0.065%, 7d avg +0.040%
=Together, before fees+0.662%+ Points / potential airdropParadex: Active · farm board+$66 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paradex is 0.105% cheaper against Derive than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.040%). If the spread goes back, that is −$10 on $10k: about 41 hours of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.043% in total) that is about 8.7 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.043% in total (about 4.4% a year). A funding rate is set anew for every payment. 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 | 118.82 | −0.0104 | get 0.0013% / 1h | 51m 43s | $2.0M | $3.2M | 13x |
| Short | Paradex SOL-USD-PERP | 118.75 | 0.0099 | get 0.0099% / 8h | 2h 51m | $1.0M | $524K | 50x |
Derive SOL-PERP
Paradex SOL-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $42.6
- Price spread: −0.065% → +0.040%
- −$10.49
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $22.11
- Costs to cover
- 0.100%
- Break-even
- 3.4 days
Slippage unknown: Derive: no order-book sample; Paradex: live order book, 2 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 Paradex live order book, 2 min ago | 1.89 bp | 3.9 bp −$4 | 8.8 bp −$88 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SOL/USDC PERP | −0.0151% | 1h | 118.68 | −0.120% | $4K | $2K | 12x | as long as short |
| Derive SOL-PERPlong | −0.0104% | 1h | 118.82 | long leg | $2.0M | $3.2M | 13x | |
| Vest SOL-PERP | −0.0082% | 1h | 118.87 | +0.039% | — | $726K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.89 | +0.060% | $843 | $8K | 25x | as long as short |
| Aftermath Perps SOLUSD | −0.0075% | 1h | 119.01 | +0.153% | $24K | $48K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.96 | +0.116% | $49K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 118.79 | −0.028% | $4.9M | $26.8M | 20x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.90 | +0.064% | $180K | $4.1M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 118.94 | +0.099% | $26.7M | $27.8M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0056% | 8h | 118.90 | +0.068% | $1.1M | $5.9M | 100x | as long as short |
Injective SOL/USDC PERP
Vest SOL-PERP
Hotstuff SOL-PERP
Aftermath Perps SOLUSD
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Perpl SOL
Deribit SOL_USDC-PERPETUAL
Orderly PERP_SOL_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSD | +0.0072% | 1h | 118.86 | +0.031% | $104K | $153K | 20x | as long as short |
| HTX SOL-USDT | +0.0074% | 8h | 118.89 | +0.058% | $231.7M | $43.8M | 75x | as long as short |
| Gate SOL_USDT | +0.0081% | 8h | 118.74 | −0.070% | $857.3M | $674.6M | 100x | as long as short |
| KuCoin SOLUSDTM | +0.0088% | 8h | 118.76 | −0.051% | $144.6M | $197.4M | 75x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.77 | −0.048% | $13.4M | $52.9M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.75 | −0.062% | $2.0M | $16.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.95 | +0.110% | $353K | $746K | 20x | as long as short |
| Bitget SOLUSDT | +0.0098% | 8h | 118.78 | −0.036% | $495.9M | $451.4M | 100x | as long as short |
| Paradex SOL-USD-PERPshort | +0.0099% | 8h | 118.75 | −0.065% | $1.0M | $524K | 50x | |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.85 | +0.023% | $47K | $781K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.88 | +0.050% | $5.5M | $40.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 118.87 | +0.040% | $717.0M | $424.2M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.79 | −0.031% | $179.2M | $174.3M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.78 | −0.036% | $12.3M | $113.1M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.73 | −0.078% | $973.2M | $3.75B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.80 | −0.019% | $821.9M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.75 | −0.061% | $368.3M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.86 | +0.031% | $233K | $868K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.84 | +0.015% | $1.9M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.88 | +0.050% | $133.2M | $12.7M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.76 | −0.053% | $469.2M | $1.07B | 300x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 118.80 | −0.018% | — | $10.5M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.87 | +0.040% | $24.3M | $37.9M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.07 | +0.212% | $27.7M | $126.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.04 | +0.186% | $95.6M | $395.5M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.13 | +0.259% | $48.7M | $33.2M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 118.99 | +0.141% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.97 | +0.124% | $1.4M | $13.2M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.92 | +0.082% | $364K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.92 | +0.082% | $200K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.90 | +0.063% | $37K | $15K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.86 | +0.028% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.86 | +0.031% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.86 | +0.031% | $46.4M | $99.8M | 50x | as long as short |
| Kalshi KXSOLPERP | +0.0100% | 8h | 118.96 | +0.115% | $1.2M | $20.8M | 3.1x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.77 | −0.043% | $8.6M | $37.4M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 118.92 | +0.084% | $8.1M | $414.8M | 50x | as long as short |
| Hibachi SOL/USDT-P | +0.0120% | 1h | 119.00 | +0.150% | $123K | $623K | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.95 | +0.104% | — | $218.0M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 119.00 | +0.149% | $6.7M | $12.5M | 25x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 118.85 | +0.021% | $1.6M | $6.1M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 118.91 | +0.073% | $1.1M | $557K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.95 | +0.107% | $51.8M | $90.8M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0224% | 1h | 118.89 | +0.053% | $36.1M | $90.4M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0237% / S −0.0173% | 1h | 118.96 | +0.115% | $3.5M | — | 200x | as long as short |
01 Exchange SOLUSD
HTX SOL-USDT
Gate SOL_USDT
KuCoin SOLUSDTM
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Bitget SOLUSDT
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
BingX SOL-USDC
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
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Kalshi KXSOLPERP
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Hibachi SOL/USDT-P
Jupiter Perps SOL-PERP
Phoenix SOL
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]