SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h −0.031%

Price spread now: Derive against Kraken Futures−0.062%7-day average −0.034% · you buy dearer than you sell

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

Long on Kraken Futures Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.062%, 7d avg −0.034%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Derive is 0.028% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.034%). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.094%, 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	Kraken Futures PF_SOLUSD	118.03	−0.0055	get 0.0007% / 1h	15m 37s	$31.7M	$98.7M	100x
Short	Derive SOL-PERP	117.95	−0.0010	pay 0.0001% / 1h	15m 37s	$1.9M	$2.8M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.062%Rate

Funding earned: $9.38
Price spread: −0.062% → −0.034%: −$2.78
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$9.39
Costs to cover: 0.160%
Break-even: 14.0 days

Slippage unknown: Kraken Futures: live order book, 4 min ago; 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 Kraken Futures live order book, 4 min ago	1.27 bp	7.0 bp −$7	8.7 bp −$87	12.8 bp −$1,282	23.3 bp −$11.6K
Sell Derive no order-book sample	—	—	—	—	—

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	−0.0126%	1h	118.00	−0.023%	$25K	$28K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.98	−0.039%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0067%	1h	117.93	−0.085%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSDlong	−0.0055%	1h	118.03	long leg	$31.7M	$98.7M	100x
Derive SOL-PERPshort	−0.0010%	1h	117.95	−0.062%	$1.9M	$2.8M	13x
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.04	+0.012%	$58K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.94	−0.072%	$4.5M	$24.1M	20x	as long as short
Hibachi SOL/USDT-P	+0.0048%	1h	117.92	−0.086%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	118.05	+0.021%	$100K	$165K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	118.04	+0.012%	$8.0M	$405.0M	50x	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	+0.0090%	8h	118.04	+0.009%	$1.0M	$5.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0092%	1h	118.07	+0.038%	$26.5M	$24.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	117.92	−0.092%	$13.2M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.92	−0.086%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.02	−0.007%	$346K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.99	−0.030%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.95	−0.063%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.99	−0.027%	$5.8M	$38.9M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.00	−0.022%	$177.8M	$180.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.96	−0.054%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.93	−0.084%	$971.6M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.96	−0.055%	$832.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.92	−0.089%	$367.4M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.93	−0.081%	$239K	$857K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.95	−0.067%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.59	−0.371%	$135.8M	$17.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.01	−0.013%	$860.0M	$653.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.93	−0.081%	$426.7M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.93	−0.082%	$130.2M	$212.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.92	−0.091%	$488.6M	$431.2M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.93	−0.078%	—	$363.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.01	−0.013%	$23.7M	$36.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.04	+0.014%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.94	−0.074%	$94.7M	$393.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.97	−0.048%	$48.3M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.02	−0.007%	$1.7M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.86	−0.140%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.02	−0.004%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.05	+0.018%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.95	−0.064%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.01	−0.013%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.91	−0.099%	$229.0M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.99	−0.030%	$46.0M	$100.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	118.02	−0.006%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.89	−0.111%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.95	−0.060%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	118.08	+0.046%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.99	−0.026%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0176%	1h	118.05	+0.021%	$722.2M	$389.8M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.99	−0.032%	$1.1M	$536K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.453%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.92	−0.089%	$51.7M	$71.7M	125x	as long as short
Perpl SOL	+0.0223%	43m	118.02	−0.005%	$128K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	118.04	+0.009%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0406%	1h	117.92	−0.090%	$25K	$51K	20x	as long as short