Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.022%
Price spread now: Deribit against Katana Perps+0.102%7-day average +0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.102%, 7d avg +0.026%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.076% dearer against Katana Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.026%. Mind the row above: over the last 4 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps SOL-USD | 116.57 | 0.0100 | pay 0.0100% / 8h | 4h 51m | $48K | $858K | 20x |
| Short | Deribit SOL_USDC-PERPETUAL | 116.69 | 0.0120 | get 0.0015% / 1h | 51m 01s | $26.3M | $25.2M | 50x |
Katana Perps SOL-USD
Deribit SOL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Katana Perps. 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
- $4.14
- Price spread: +0.102% → +0.026%
- $7.57
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $0.9
- Costs to cover
- 0.108%
- Break-even
- 5.5 days
Slippage unknown: Katana Perps: no order-book sample; Deribit: 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 3 min ago | 0.04 bp | 5.5 bp −$5 | 6.3 bp −$63 | 19.5 bp −$1,950 | doesn't fit |
Katana Perps: 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 | 116.59 | +0.014% | $912 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0080% | 1h | 116.58 | +0.009% | — | $602K | 20x | as long as short |
| Hibachi SOL/USDT-P | −0.0016% | 1h | 116.71 | +0.121% | $103K | $700K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.63 | +0.051% | $54K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 116.60 | +0.025% | $4.4M | $24.2M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.64 | +0.057% | $1.4M | $18.7M | 3.1x | as long as short |
| Derive SOL-PERP | +0.0012% | 1h | 116.56 | −0.010% | $1.9M | $2.8M | 13x | as long as short |
| ApeX Omni SOLUSDT | +0.0017% | 1h | 116.69 | +0.103% | $1.7M | $6.0M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0040% | 1h | 116.63 | +0.051% | $99K | $168K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0064% | 1h | 116.66 | +0.076% | $7.6M | $404.1M | 50x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
Hibachi SOL/USDT-P
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Derive SOL-PERP
ApeX Omni SOLUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOLUSD | +0.0075% | 1h | 116.65 | +0.067% | $30.8M | $100.1M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0091% | 8h | 116.61 | +0.039% | $1.0M | $5.8M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.64 | +0.058% | $13.0M | $59.5M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.62 | +0.045% | $2.2M | $16.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.63 | +0.056% | $342K | $236K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 116.65 | +0.069% | $1.0M | $526K | 50x | as long as short |
| Katana Perps SOL-USDlong | +0.0100% | 8h | 116.57 | long leg | $48K | $858K | 20x | |
| Nado SOL-PERP | +0.0100% | 1h | 116.59 | +0.020% | $5.5M | $39.3M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.72 | +0.124% | $707.1M | $395.1M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 116.71 | +0.120% | $175.3M | $182.0M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.65 | +0.069% | $15.5M | $130.0M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.72 | +0.132% | $964.7M | $3.77B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 116.68 | +0.094% | $793.0M | $1.33B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.74 | +0.146% | $364.6M | $1.67B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.61 | +0.034% | $232K | $848K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.63 | +0.054% | $2.0M | $9.1M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.66 | +0.075% | $133.8M | $20.4M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.60 | +0.026% | $847.6M | $652.7M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.73 | +0.137% | $415.7M | $1.06B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.70 | +0.114% | $126.4M | $216.6M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 116.70 | +0.115% | $481.8M | $438.9M | 100x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.64 | +0.062% | — | $10.5M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.65 | +0.069% | $23.3M | $37.6M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.54 | −0.022% | $24.4M | $114.9M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.65 | +0.069% | $93.7M | $396.9M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.72 | +0.125% | $47.7M | $29.3M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.68 | +0.094% | $1.3M | $13.1M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.62 | +0.043% | $331K | $2.5M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.63 | +0.055% | $148K | $1.6M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.60 | +0.027% | $25K | $29K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.62 | +0.045% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.64 | +0.060% | $6.0M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.58 | +0.011% | $226.3M | $46.3M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.65 | +0.069% | $45.6M | $101.2M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.68 | +0.098% | $8.0M | $36.5M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUALshort | +0.0120% | 1h | 116.69 | +0.102% | $26.3M | $25.2M | 50x | |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.61 | +0.031% | — | $221.3M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0137% | 1h | 117.56 | +0.849% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0137% | 1h | 116.76 | +0.163% | $6.5M | $13.4M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0190% | 1h | 116.58 | +0.012% | $1.1M | $538K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.67 | +0.086% | $51.9M | $71.9M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0232% / S −0.0170% | 1h | 116.65 | +0.069% | $3.5M | — | 200x | as long as short |
| Perpl SOL | +0.0335% | 43m | 116.63 | +0.050% | $128K | $3.7M | 8.3x | as long as short |
| Aftermath Perps SOLUSD | +0.0476% | 1h | 116.73 | +0.139% | $25K | $50K | 20x | as long as short |
| RISEx SOL/USDC | +0.0559% | 1h | 116.71 | +0.118% | $1.9M | $4.9M | 20x | as long as short |
Kraken Futures PF_SOLUSD
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
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
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
BingX SOL-USDC
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Perpl SOL
Aftermath Perps SOLUSD
RISEx SOL/USDC