SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0264%/8h= +28.9% APRnext payment +$0.33 per $10,000 · paid last 24h +0.009%

Price spread now: 01 Exchange against Kraken Futures−0.001%7-day average +0.036% · 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−$39as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Kraken Futures Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.001%, 7d avg +0.036%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. 01 Exchange is 0.036% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.036%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$8 a day). At the pace of the last 4 days (+0.012% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.012% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 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	116.43	−0.0240	get 0.0030% / 1h	19m 01s	$31.9M	$102.9M	100x
Short	01 Exchange SOLUSD	116.43	0.0024	get 0.0003% / 1h	19m 01s	$99K	$177K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.001%Rate

Funding earned: $55.41
Price spread: −0.001% → +0.036%: −$3.64
Slippage, 4 orders: −$17.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $16.89
Costs to cover: 0.349%
Break-even: 4.9 days

Slippage from Kraken Futures: live order book, 5 min ago; 01 Exchange: live order book, 30 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, 5 min ago	0.43 bp	6.0 bp −$6	7.9 bp −$79	14.1 bp −$1,415	33.6 bp −$16.8K
Sell 01 Exchange live order book, 30 min ago	0.86 bp	8.6 bp −$9	14.6 bp −$146	doesn't fit	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	−0.0240%	1h	116.43	long leg	$31.9M	$102.9M	100x
Hibachi SOL/USDT-P	−0.0136%	1h	116.29	−0.118%	$104K	$693K	20x	as long as short
BingX SOL-USDT	−0.0112%	8h	116.46	+0.025%	—	$369.6M	—	as long as short
Bybit SOLUSDT	−0.0108%	8h	116.36	−0.060%	$742.6M	$1.42B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.43	−0.004%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0059%	1h	116.38	−0.045%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0015%	1h	116.37	−0.055%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.46	+0.022%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.46	+0.025%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.43	−0.004%	$113K	$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	+0.0010%	1h	116.43	−0.002%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSDshort	+0.0024%	1h	116.43	−0.001%	$99K	$177K	20x
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.43	−0.003%	$7.8M	$405.0M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.34	−0.081%	$479.2M	$458.9M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.45	+0.021%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.43	−0.002%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.41	−0.020%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.44	+0.007%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.35	−0.069%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.42	−0.006%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.37	−0.052%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.55	+0.102%	$692.7M	$404.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.41	−0.015%	$176.0M	$177.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.42	−0.005%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.41	−0.016%	$970.2M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.37	−0.052%	$364.4M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.36	−0.061%	$216K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.44	+0.004%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.497%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.41	−0.018%	$841.9M	$672.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.33	−0.087%	$355.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.36	−0.063%	$126.4M	$230.2M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.46	+0.025%	$23.0M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.375%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.07	−0.314%	$93.2M	$407.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.84	−0.507%	$47.4M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.75	−0.582%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.23	−0.172%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.43	−0.001%	$320K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.45	+0.015%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.44	+0.011%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.45	+0.013%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.44	+0.008%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.43	−0.002%	$225.5M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.42	−0.009%	$45.3M	$105.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.32	−0.098%	$8.0M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.46	+0.026%	—	$239.3M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0160%	1h	116.49	+0.055%	$26.3M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.662%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	−0.052%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.40	−0.029%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	+0.008%	$51.7M	$68.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.45	+0.014%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.48	+0.043%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0569%	1h	116.03	−0.346%	$25K	$55K	20x	as long as short