SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0223%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h −0.023%

Price spread now: Deribit against Kraken Futures+0.031%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.031%, 7d avg +0.022%

Together, before fees−0.172%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	119.11	0.0223	pay 0.0028% / 1h	33m 40s	$36.0M	$89.4M	100x
Short	Deribit SOL_USDC-PERPETUAL	119.15	0	get 0.0000% / 1h	33m 40s	$26.7M	$27.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kraken Futures. 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$46.91
Price spread: +0.031% → +0.022%: $0.85
Slippage, 4 orders: −$10.38
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$73.44
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Deribit: live order book, just now.

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 Kraken Futures live order book, 5 min ago	0.84 bp	6.6 bp −$7	8.8 bp −$88	13.3 bp −$1,325	28.7 bp −$14.3K
Sell Deribit live order book, just now	1.89 bp	5.5 bp −$5	5.8 bp −$58	17.3 bp −$1,732	doesn't fit

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	−0.189%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	119.03	−0.073%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.19	+0.061%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	119.05	−0.051%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0016%	1h	118.96	−0.126%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.12	+0.001%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.17	+0.046%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.16	+0.034%	$180K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUALshort	0.0000%	1h	119.15	+0.031%	$26.7M	$27.7M	50x
dYdX SOL-USD	0.0000%	1h	118.99	−0.108%	$4.9M	$26.9M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0060%	8h	119.13	+0.009%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0066%	8h	119.04	−0.059%	$231.9M	$43.6M	75x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.16	+0.038%	$104K	$152K	20x	as long as short
ApeX Omni SOLUSDT	+0.0075%	1h	119.12	+0.004%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.05	−0.057%	—	$10.5M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	119.00	−0.100%	$122K	$600K	20x	as long as short
Gate SOL_USDT	+0.0087%	8h	119.04	−0.063%	$868.1M	$680.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.97	−0.126%	$13.4M	$53.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.99	−0.107%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.10	−0.013%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.91	−0.172%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.13	+0.013%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.10	−0.015%	$5.5M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.10	−0.012%	$718.7M	$414.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.06	−0.045%	$179.7M	$174.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.98	−0.113%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.94	−0.144%	$971.5M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.97	−0.117%	$825.0M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.92	−0.163%	$370.5M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.95	−0.138%	$234K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.24	+0.106%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.95	−0.138%	$471.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.04	−0.064%	$143.0M	$196.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.99	−0.106%	$496.6M	$448.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.10	−0.012%	$24.4M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	−0.096%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	−0.340%	$95.3M	$397.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.11	−0.006%	$48.7M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.06	−0.046%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.11	−0.004%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.09	−0.022%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.12	+0.004%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.16	+0.039%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.09	−0.021%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.09	−0.021%	$46.5M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.340%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.02	−0.080%	$8.6M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.15	+0.028%	$8.1M	$414.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.15	+0.031%	—	$216.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.03	−0.071%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.19	+0.066%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.09	−0.024%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.03	−0.071%	$51.8M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSDlong	+0.0223%	1h	119.11	long leg	$36.0M	$89.4M	100x
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	119.11	−0.003%	$3.6M	—	200x	as long as short