SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0295%/8h= −32.3% APRnext payment −$0.37 per $10,000 · paid last 24h −0.067%

Price spread now: Derive against GMX−0.074%7-day average −0.030% · you buy dearer than you sell

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

Long on GMX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.176%−$18 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.074%, 7d avg −0.030%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Derive is 0.044% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SOL/USD [SOL-USDC]	117.63	L +0.0233% / S −0.0167%	pay 0.0029% / 1h	55m 49s	$3.6M	—	200x
Short	Derive SOL-PERP	117.54	−0.0062	pay 0.0008% / 1h	55m 49s	$2.0M	$2.7M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against GMX. 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 GMXbpFee DerivebpOrdersPrice spread, now −0.074%Rate

Funding earned: −$61.92
Price spread: −0.074% → −0.030%: −$4.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$84.34
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Derive: 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 GMX no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

GMX and 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
Hotstuff SOL-PERP	−0.0080%	1h	117.96	+0.281%	$922	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	118.00	+0.317%	$95K	$695K	20x	as long as short
Vest SOL-PERP	−0.0080%	1h	117.73	+0.090%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0073%	8h	117.51	−0.097%	$228.6M	$44.7M	75x	as long as short
Derive SOL-PERPshort	−0.0062%	1h	117.54	−0.074%	$2.0M	$2.7M	13x
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.63	+0.003%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.57	−0.048%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.75	+0.105%	$1.6M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.72	+0.080%	$131K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.69	+0.054%	$26.3M	$25.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SOL/USDC	+0.0018%	1h	117.67	+0.034%	$1.8M	$4.6M	20x	as long as short
Gate SOL_USDT	+0.0023%	8h	117.55	−0.065%	$842.2M	$646.8M	100x	as long as short
ApeX Omni SOLUSDT	+0.0031%	1h	118.35	+0.618%	$1.5M	$6.1M	50x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.76	+0.113%	$102K	$162K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.60	−0.020%	$31.6M	$98.4M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.61	−0.014%	$7.8M	$408.6M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.55	−0.065%	—	$369.9M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.63	+0.001%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.51	−0.098%	$13.1M	$57.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.50	−0.112%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.67	+0.034%	$345K	$262K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.60	−0.023%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.69	+0.054%	$43K	$815K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.74	+0.101%	$5.7M	$41.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.62	−0.003%	$716.7M	$401.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.58	−0.038%	$177.5M	$180.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	−0.054%	$12.8M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.53	−0.082%	$972.9M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.63	+0.003%	$818.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.60	−0.023%	$364.4M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.64	+0.011%	$255K	$899K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.68	+0.048%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.445%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.57	−0.048%	$421.9M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.66	+0.031%	$135.9M	$205.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.50	−0.106%	$488.1M	$445.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.60	−0.023%	$23.7M	$36.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.61	−0.017%	$24.4M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.25	+0.533%	$95.0M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.37	+0.628%	$48.5M	$29.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.09	+0.394%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.70	+0.062%	$352K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.62	−0.009%	$199K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.61	−0.018%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.64	+0.014%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.64	+0.011%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.60	−0.023%	$45.9M	$100.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.57	−0.046%	$8.3M	$35.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.75	+0.103%	—	$227.6M	500x	as long as short
Phoenix SOL	+0.0114%	1h	118.33	+0.598%	$6.5M	$13.3M	25x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.69	+0.050%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.85	+0.190%	$51.9M	$73.9M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.593%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]long	L +0.0233% / S −0.0167%	1h	117.63	long leg	$3.6M	—	200x
Aftermath Perps SOLUSD	+0.0274%	1h	118.36	+0.620%	$25K	$51K	20x	as long as short