SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h −0.036%

Price spread now: Bulk against RISEx−0.083%7-day average +0.008% · 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−$31as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on RISEx Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.083%, 7d avg +0.008%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bulk is 0.091% cheaper against RISEx than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	118.98	0.0175	pay 0.0022% / 1h	47m 58s	$1.6M	$6.1M	20x
Short	Bulk SOL-USD	118.88	0.0100	get 0.0013% / 1h	47m 58s	$133.2M	$12.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against RISEx. 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 RISExbpFee BulkbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$15.79
Price spread: −0.083% → +0.008%: −$9.06
Slippage, 4 orders: −$9.34
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$47.19
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Bulk: 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 RISEx live order book, 1 min ago	0.04 bp	3.9 bp −$4	8.6 bp −$86	doesn't fit	doesn't fit
Sell Bulk live order book, 1 min ago	4.21 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$771	7.7 bp −$3,855

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	−0.076%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.89	−0.080%	$2.0M	$3.2M	13x	as long as short
ApeX Omni SOLUSDT	−0.0100%	1h	118.77	−0.174%	$1.5M	$6.2M	50x	as long as short
Vest SOL-PERP	−0.0082%	1h	118.86	−0.101%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.75	−0.195%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0059%	1h	118.94	−0.033%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.98	−0.004%	$48K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.98	0.000%	$4.9M	$26.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.87	−0.096%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.94	−0.035%	$180K	$4.1M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0026%	1h	119.02	+0.037%	$26.7M	$27.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0057%	8h	118.97	−0.013%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.97	−0.009%	$105K	$152K	20x	as long as short
HTX SOL-USDT	+0.0074%	8h	118.91	−0.059%	$231.7M	$43.6M	75x	as long as short
Gate SOL_USDT	+0.0084%	8h	118.94	−0.034%	$858.9M	$675.8M	100x	as long as short
KuCoin SOLUSDTM	+0.0092%	8h	118.97	−0.008%	$144.3M	$197.6M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.96	−0.016%	$13.5M	$53.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.95	−0.024%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.99	+0.011%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.93	−0.041%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.95	−0.025%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.98	0.000%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.05	+0.059%	$718.0M	$424.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.93	−0.041%	$179.4M	$174.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.98	+0.003%	$12.4M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.94	−0.036%	$972.3M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.96	−0.020%	$822.4M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.91	−0.059%	$368.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.69	−0.244%	$233K	$864K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.01	+0.022%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	118.88	−0.083%	$133.2M	$12.7M	20x
MEXC SOL_USDT	+0.0100%	8h	118.96	−0.017%	$467.6M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.93	−0.045%	$496.3M	$449.1M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.95	−0.021%	—	$372.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.98	0.000%	$24.3M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	−0.105%	$28.3M	$126.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.91	−0.060%	$95.5M	$396.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.87	−0.094%	$48.7M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.80	−0.151%	$1.4M	$13.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.95	−0.025%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.93	−0.041%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.97	−0.011%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.93	−0.046%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.96	−0.017%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.92	−0.051%	$46.4M	$99.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.91	−0.057%	$8.6M	$37.3M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.81	−0.147%	$123K	$606K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	118.98	−0.002%	—	$218.8M	500x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.01	+0.028%	$8.1M	$414.3M	50x	as long as short
Phoenix SOL	+0.0154%	1h	119.00	+0.017%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDClong	+0.0175%	1h	118.98	long leg	$1.6M	$6.1M	20x
Reya SOLRUSDPERP	+0.0180%	1h	118.94	−0.030%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.72	−0.219%	$51.6M	$89.3M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.98	+0.002%	$36.1M	$90.2M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	118.97	−0.011%	$3.5M	—	200x	as long as short