SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0339%/8h= +37.2% APRnext payment +$0.42 per $10,000 · paid last 24h +0.009%

Price spread now: SoDEX against Kraken Futures−0.013%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Kraken Futures Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.013%, 7d avg −0.006%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.002% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 per $10,000. 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	Kraken Futures PF_SOLUSD	116.62	−0.0239	get 0.0030% / 1h	15m 10s	$31.9M	$102.9M	100x
Short	SoDEX SOL-USD	116.60	0.0100	get 0.0013% / 1h	15m 10s	$6.1M	$10.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $71.29
Price spread: −0.013% → −0.006%: −$0.69
Slippage, 4 orders: −$6.6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $46
Costs to cover: 0.246%
Break-even: 2.5 days

Slippage from Kraken Futures: live order book, 4 min ago; SoDEX: live order book, 4 min ago.

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	0.43 bp	7.4 bp −$7	9.4 bp −$94	18.7 bp −$1,871	40.9 bp −$20.4K
Sell SoDEX live order book, 4 min ago	0.43 bp	4.4 bp −$4	5.2 bp −$52	17.6 bp −$1,758	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
Kraken Futures PF_SOLUSDlong	−0.0239%	1h	116.62	long leg	$31.9M	$102.9M	100x
Hibachi SOL/USDT-P	−0.0120%	1h	116.53	−0.077%	$103K	$695K	20x	as long as short
BingX SOL-USDT	−0.0108%	8h	116.59	−0.023%	—	$369.6M	—	as long as short
Bybit SOLUSDT	−0.0106%	8h	116.60	−0.017%	$740.9M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.63	+0.011%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0048%	1h	116.56	−0.047%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0003%	1h	116.53	−0.069%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.60	−0.013%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.60	−0.014%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.58	−0.026%	$114K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0009%	1h	116.61	−0.005%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.63	+0.012%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.64	+0.020%	$7.7M	$406.1M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.58	−0.031%	$480.4M	$460.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.62	+0.002%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.61	−0.007%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.60	−0.013%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.57	−0.035%	$351K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.53	−0.073%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.60	−0.011%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.58	−0.030%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.69	+0.061%	$697.1M	$406.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.61	−0.005%	$175.8M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.63	+0.011%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.61	−0.002%	$972.8M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.64	+0.021%	$364.7M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.54	−0.065%	$217K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.61	−0.001%	$912K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.655%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.60	−0.013%	$843.6M	$673.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.59	−0.022%	$355.5M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.58	−0.032%	$126.8M	$230.7M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.53	−0.073%	$23.0M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	−0.137%	$25.1M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.49	−0.110%	$93.5M	$409.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	−0.183%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.60	−0.016%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	−0.090%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.58	−0.030%	$319K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.59	−0.021%	$167K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.60	−0.012%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.58	−0.033%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USDshort	+0.0100%	1h	116.60	−0.013%	$6.1M	$10.9M	20x
HTX SOL-USDT	+0.0100%	8h	116.55	−0.059%	$225.7M	$50.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.60	−0.013%	$45.4M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.56	−0.048%	$8.0M	$39.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.61	−0.005%	—	$239.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0161%	1h	116.66	+0.041%	$26.3M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.819%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.53	−0.073%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.56	−0.050%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.59	−0.022%	$51.7M	$68.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.60	−0.017%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0537%	1h	116.28	−0.284%	$25K	$55K	20x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.65	+0.033%	$2.1M	$4.9M	20x	as long as short