Funding you earn now, next payment 23:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.037%
Price spread now: Variational Omni against Derive−0.170%7-day average +0.035% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.048%+$5 on $10k
+Price spread, last 3 days (all we have)+0.201%+$20 · spread now −0.170%, 7d avg +0.035%
=Together, before fees+0.249%+ Points / potential airdropVariational Omni: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.205% cheaper against Derive than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of +0.035%). If the spread goes back, that is −$21 on $10k: about 3.5 days of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.048% in total) that is about 14 days.
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 5.4% 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 | 119.59 | −0.0095 | get 0.0012% / 1h | 41m 06s | $2.0M | $3.0M | 13x |
| Short | Variational Omni SOL | 119.38 | 0.0100 | get 0.0100% / 8h | 1h 41m | $27.7M | $127.8M | — |
Derive SOL-PERP
Variational Omni SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $40.95
- Price spread: −0.170% → +0.035%
- −$20.51
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $14.44
- Costs to cover
- 0.060%
- Break-even
- 4.5 days
Slippage unknown: Derive: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 3 min ago | 1.21 bp | doesn't fit | 1.5 bp −$15 | 7.2 bp −$716 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERP | −0.0426% | 1h | 119.66 | +0.064% | $37K | $17K | 25x | as long as short |
| Derive SOL-PERPlong | −0.0095% | 1h | 119.59 | long leg | $2.0M | $3.0M | 13x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.73 | +0.122% | $849 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0063% | 1h | 119.65 | +0.051% | — | $722K | 20x | as long as short |
| dYdX SOL-USD | −0.0002% | 1h | 119.74 | +0.125% | $4.9M | $27.2M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.70 | +0.093% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.75 | +0.132% | $1.2M | $20.6M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.72 | +0.111% | $179K | $4.0M | 8.3x | as long as short |
| Hibachi SOL/USDT-P | +0.0008% | 1h | 119.53 | −0.050% | $120K | $611K | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0044% | 1h | 119.74 | +0.127% | $26.8M | $27.6M | 50x | as long as short |
Bluefin SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Hibachi SOL/USDT-P
Deribit SOL_USDC-PERPETUALShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SOL | +0.0054% | 1h | 119.50 | −0.073% | $6.6M | $13.6M | 25x | as long as short |
| Aftermath Perps SOLUSD | +0.0061% | 1h | 119.49 | −0.081% | $24K | $47K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0066% | 8h | 119.67 | +0.068% | $1.1M | $5.9M | 100x | as long as short |
| HTX SOL-USDT | +0.0076% | 8h | 119.68 | +0.078% | $233.1M | $44.6M | 75x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.73 | +0.120% | — | $10.5M | — | as long as short |
| 01 Exchange SOLUSD | +0.0088% | 1h | 119.74 | +0.128% | $105K | $153K | 20x | as long as short |
| Gate SOL_USDT | +0.0090% | 8h | 119.68 | +0.078% | $873.4M | $679.3M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.68 | +0.079% | $13.6M | $55.5M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.69 | +0.086% | $2.1M | $16.7M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.60 | +0.012% | $354K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.71 | +0.102% | $1.1M | $523K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.71 | +0.103% | $46K | $790K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.70 | +0.099% | $6.2M | $41.5M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.80 | +0.178% | $722.4M | $416.3M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.74 | +0.128% | $179.2M | $175.9M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.76 | +0.143% | $12.4M | $116.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.74 | +0.128% | $986.8M | $3.79B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.77 | +0.154% | $827.6M | $1.27B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.74 | +0.128% | $373.1M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.74 | +0.128% | $234K | $889K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.81 | +0.187% | $2.0M | $8.9M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.71 | +0.103% | $459.8M | $1.11B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.72 | +0.110% | $141.3M | $199.6M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.73 | +0.120% | $497.1M | $454.3M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.72 | +0.111% | $24.2M | $38.7M | 50x | as long as short |
| Variational Omni SOLshort | +0.0100% | 8h | 119.38 | −0.170% | $27.7M | $127.8M | — | |
| edgeX SOLUSDC | +0.0100% | 4h | 119.51 | −0.067% | $96.0M | $398.0M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.44 | −0.124% | $48.9M | $32.0M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.49 | −0.080% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.68 | +0.078% | $1.4M | $13.3M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.70 | +0.094% | $366K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.69 | +0.087% | $201K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.67 | +0.069% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.69 | +0.086% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.63 | +0.036% | $46.7M | $101.8M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.75 | +0.135% | $134.3M | $8.4M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.66 | +0.062% | $8.7M | $36.3M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.73 | +0.122% | $8.2M | $415.8M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.77 | +0.156% | — | $221.9M | 500x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0149% | 1h | 119.70 | +0.096% | $32.7M | $95.3M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0171% / S −0.0089% | 1h | 119.69 | +0.090% | $3.6M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0181% | 1h | 119.68 | +0.078% | $1.1M | $558K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.78 | +0.163% | $1.7M | $5.9M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.13 | −0.382% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.69 | +0.086% | $52.1M | $82.8M | 125x | as long as short |
Phoenix SOL
Aftermath Perps SOLUSD
Orderly PERP_SOL_USDC
HTX SOL-USDT
BingX SOL-USDC
01 Exchange SOLUSD
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
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
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
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
Phemex SOLUSDT
Bulk SOL-USD
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]
Reya SOLRUSDPERP
RISEx SOL/USDC
Injective SOL/USDC PERP
BloFin SOL-USDT