Funding you earn now, next payment 01:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h −0.021%
Price spread now: Deribit against Polymarket Perps+0.068%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$190.190% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 3 days (all we have)−0.144%−$14 · spread now +0.068%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Deribit is 0.049% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.050%, 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 | Polymarket Perps SOL-USD | 118.80 | 0.0100 | pay 0.0013% / 1h | 43m 11s | $360K | $2.4M | 20x |
| Short | Deribit SOL_USDC-PERPETUAL | 118.88 | 0.0114 | get 0.0014% / 1h | 43m 11s | $26.6M | $25.1M | 50x |
Polymarket Perps SOL-USD
Deribit SOL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Polymarket 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
- $3.02
- Price spread: +0.068% → +0.019%
- $4.93
- Slippage, 4 orders
- −$3.95
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$11
- Costs to cover
- 0.190%
- Break-even
- 32.5 days
Slippage from Polymarket Perps: live order book, 6 min ago; Deribit: live order book, 1 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 Polymarket Perps live order book, 6 min ago | 0.42 bp | 4.4 bp −$4 | 4.5 bp −$45 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 1 min ago | 0.04 bp | 5.7 bp −$6 | 6.4 bp −$64 | 21.5 bp −$2,153 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.79 | −0.008% | $842 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0077% | 1h | 118.72 | −0.068% | — | $610K | 20x | as long as short |
| Derive SOL-PERP | −0.0062% | 1h | 118.76 | −0.032% | $2.0M | $2.8M | 13x | as long as short |
| Phemex SOLUSDT | −0.0031% | 8h | 118.81 | +0.008% | $46.5M | $101.3M | 50x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0014% | 1h | 118.81 | +0.011% | $32.4M | $96.9M | 100x | as long as short |
| dYdX SOL-USD | −0.0010% | 1h | 118.81 | +0.008% | $4.9M | $26.5M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.84 | +0.031% | $55K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.76 | −0.033% | $1.2M | $20.5M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.80 | −0.003% | $155K | $3.9M | 8.3x | as long as short |
| HTX SOL-USDT | +0.0030% | 8h | 118.71 | −0.076% | $231.1M | $44.8M | 75x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
Phemex SOLUSDT
Kraken Futures PF_SOLUSD
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
HTX SOL-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSD | +0.0056% | 1h | 118.83 | +0.025% | $104K | $159K | 20x | as long as short |
| Hibachi SOL/USDT-P | +0.0072% | 1h | 118.61 | −0.162% | $121K | $633K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0079% | 8h | 118.84 | +0.037% | $1.0M | $5.9M | 100x | as long as short |
| ApeX Omni SOLUSDT | +0.0079% | 1h | 118.62 | −0.152% | $1.5M | $6.1M | 50x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 118.82 | +0.019% | — | $367.7M | — | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0088% | 1h | 118.83 | +0.026% | $8.1M | $413.2M | 50x | as long as short |
| Gate SOL_USDT | +0.0094% | 8h | 118.80 | 0.000% | $858.9M | $661.7M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.80 | −0.003% | $14.0M | $55.5M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.80 | 0.000% | $2.2M | $16.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.83 | +0.027% | $348K | $265K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 118.78 | −0.015% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.78 | −0.017% | $47K | $786K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.81 | +0.004% | $5.8M | $41.0M | 40x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.81 | +0.006% | $178.5M | $176.5M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.82 | +0.018% | $12.2M | $123.8M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.78 | −0.013% | $978.9M | $3.78B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.79 | −0.011% | $822.3M | $1.27B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.75 | −0.042% | $370.7M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.61 | −0.160% | $232K | $860K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.83 | +0.026% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.55 | −0.210% | $133.5M | $4.7M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.76 | −0.034% | $426.3M | $1.12B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.81 | +0.010% | $137.9M | $207.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.80 | −0.001% | $493.1M | $446.2M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.64 | −0.135% | $24.1M | $37.4M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.61 | −0.163% | $26.9M | $128.6M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.57 | −0.194% | $95.2M | $405.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.67 | −0.105% | $48.6M | $30.1M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.67 | −0.109% | $1.3M | $13.6M | 30x | as long as short |
| Polymarket Perps SOL-USDlong | +0.0100% | 1h | 118.80 | long leg | $360K | $2.4M | 20x | |
| Bullet SOL-USD | +0.0100% | 1h | 118.80 | +0.004% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.82 | +0.020% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.78 | −0.015% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.82 | +0.017% | $6.2M | $10.8M | 20x | as long as short |
| Hyperliquid SOL | +0.0101% | 1h | 118.91 | +0.093% | $720.3M | $404.4M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.81 | +0.008% | $8.7M | $35.2M | 50x | as long as short |
| Phoenix SOL | +0.0114% | 1h | 118.68 | −0.101% | $6.6M | $13.6M | 25x | as long as short |
| Deribit SOL_USDC-PERPETUALshort | +0.0114% | 1h | 118.88 | +0.068% | $26.6M | $25.1M | 50x | |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.79 | −0.012% | — | $222.4M | 500x | as long as short |
| Aftermath Perps SOLUSD | +0.0151% | 1h | 118.69 | −0.093% | $25K | $51K | 20x | as long as short |
| RISEx SOL/USDC | +0.0161% | 1h | 118.82 | +0.013% | $1.8M | $4.6M | 20x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0165% / S −0.0065% | 1h | 118.83 | +0.022% | $3.7M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 118.66 | −0.118% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0185% | 1h | 118.78 | −0.014% | $1.1M | $524K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.80 | 0.000% | $52.0M | $78.7M | 125x | as long as short |
01 Exchange SOLUSD
Hibachi SOL/USDT-P
Orderly PERP_SOL_USDC
ApeX Omni SOLUSDT
BingX SOL-USDT
Coinbase International SOL-PERP-INTX
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Hyperliquid SOL
Extended SOL-USD
Phoenix SOL
Jupiter Perps SOL-PERP
Aftermath Perps SOLUSD
RISEx SOL/USDC
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT