SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0204%/8h= +22.4% APRnext payment +$0.26 per $10,000 · paid last 24h +0.034%

Price spread now: SoDEX against Derive+0.045%7-day average +0.024% · you sell dearer than you buy

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

Long on Derive Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.048%+$5 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now +0.045%, 7d avg +0.024%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and SoDEX is 0.021% dearer against Derive than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.024%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.048% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. 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	118.75	−0.0104	get 0.0013% / 1h	46m 17s	$2.0M	$3.2M	13x
Short	SoDEX SOL-USD	118.80	0.0100	get 0.0013% / 1h	46m 17s	$6.2M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $42.91
Price spread: +0.045% → +0.024%: $2.07
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $30.98
Costs to cover: 0.140%
Break-even: 1.9 days

Slippage unknown: Derive: no order-book sample; SoDEX: 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 SoDEX live order book, 3 min ago	0.42 bp	4.4 bp −$4	4.7 bp −$47	13.8 bp −$1,376	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	118.89	+0.121%	$4K	$2K	12x	as long as short
Derive SOL-PERPlong	−0.0104%	1h	118.75	long leg	$2.0M	$3.2M	13x
ApeX Omni SOLUSDT	−0.0100%	1h	118.77	+0.022%	$1.5M	$6.2M	50x	as long as short
Vest SOL-PERP	−0.0081%	1h	118.81	+0.053%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.87	+0.107%	$843	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0052%	1h	118.91	+0.141%	$24K	$48K	20x	as long as short
dYdX SOL-USD	−0.0006%	1h	118.86	+0.095%	$4.9M	$26.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.86	+0.097%	$48K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.88	+0.111%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.87	+0.105%	$180K	$4.1M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.86	+0.099%	$26.7M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0058%	8h	118.84	+0.080%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.91	+0.138%	$105K	$153K	20x	as long as short
HTX SOL-USDT	+0.0074%	8h	118.80	+0.041%	$231.5M	$43.6M	75x	as long as short
Gate SOL_USDT	+0.0083%	8h	118.85	+0.087%	$858.1M	$676.3M	100x	as long as short
KuCoin SOLUSDTM	+0.0093%	8h	118.83	+0.072%	$143.9M	$196.9M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.81	+0.051%	$13.4M	$53.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.79	+0.033%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.81	+0.051%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.85	+0.087%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.90	+0.129%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.83	+0.071%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.95	+0.171%	$717.3M	$424.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.85	+0.085%	$179.2M	$173.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.87	+0.101%	$12.4M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.78	+0.030%	$971.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.81	+0.051%	$821.4M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.78	+0.028%	$370.2M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.92	+0.146%	$233K	$862K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.93	+0.153%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	+0.114%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.79	+0.036%	$466.0M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.78	+0.031%	$495.8M	$448.8M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.83	+0.074%	—	$372.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.84	+0.079%	$24.3M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	+0.092%	$28.3M	$126.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.79	+0.039%	$95.4M	$396.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.77	+0.018%	$48.6M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.96	+0.180%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.85	+0.087%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	+0.067%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.84	+0.079%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.80	+0.048%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USDshort	+0.0100%	1h	118.80	+0.045%	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	118.82	+0.062%	$46.4M	$100.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.79	+0.036%	$8.6M	$37.3M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.87	+0.101%	$123K	$606K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	118.89	+0.118%	—	$218.3M	500x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.85	+0.087%	$8.1M	$413.7M	50x	as long as short
Phoenix SOL	+0.0154%	1h	118.99	+0.205%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.86	+0.092%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.92	+0.149%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.84	+0.080%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	+0.053%	$51.7M	$87.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.81	+0.056%	$36.1M	$89.9M	100x	as long as short