SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0204%/8h= −22.4% APRnext payment −$0.26 per $10,000 · paid last 24h −0.034%

Price spread now: Derive against SoDEX−0.045%7-day average −0.024% · you buy dearer than you sell

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

Long on SoDEX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.048%−$5 on $10k

Price spread, last 3 days (all we have)+0.045%+$5 · spread now −0.045%, 7d avg −0.024%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Derive is 0.021% cheaper against SoDEX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.048% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 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	SoDEX SOL-USD	118.80	0.0100	pay 0.0013% / 1h	45m 31s	$6.2M	$10.8M	20x
Short	Derive SOL-PERP	118.75	−0.0104	pay 0.0013% / 1h	45m 31s	$2.0M	$3.2M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against SoDEX. 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 SoDEXbpFee DerivebpOrdersPrice spread, now −0.045%Rate

Funding earned: −$42.91
Price spread: −0.045% → −0.024%: −$2.07
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$58.98
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SoDEX: 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 SoDEX live order book, 4 min ago	0.42 bp	4.4 bp −$4	5.1 bp −$51	12.4 bp −$1,235	doesn't fit
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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	+0.076%	$4K	$2K	12x	as long as short
Derive SOL-PERPshort	−0.0104%	1h	118.75	−0.045%	$2.0M	$3.2M	13x
Vest SOL-PERP	−0.0080%	1h	118.73	−0.060%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.77	−0.023%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0052%	1h	118.91	+0.096%	$24K	$48K	20x	as long as short
dYdX SOL-USD	−0.0006%	1h	118.80	0.000%	$4.9M	$26.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.86	+0.052%	$48K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.88	+0.066%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.81	+0.006%	$179K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.86	+0.054%	$26.7M	$27.7M	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	+0.0058%	8h	118.84	+0.035%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.81	+0.008%	$105K	$153K	20x	as long as short
HTX SOL-USDT	+0.0074%	8h	118.80	−0.004%	$231.5M	$43.6M	75x	as long as short
ApeX Omni SOLUSDT	+0.0074%	1h	118.90	+0.084%	$1.5M	$6.2M	50x	as long as short
Gate SOL_USDT	+0.0083%	8h	118.74	−0.051%	$857.3M	$676.6M	100x	as long as short
KuCoin SOLUSDTM	+0.0093%	8h	118.78	−0.017%	$143.8M	$196.9M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.77	−0.023%	$13.4M	$53.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.77	−0.029%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.81	+0.007%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.74	−0.053%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.78	−0.017%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.76	−0.033%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.85	+0.042%	$716.7M	$424.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.77	−0.027%	$179.0M	$173.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.78	−0.017%	$12.3M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.75	−0.042%	$970.7M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.78	−0.015%	$821.2M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.74	−0.051%	$370.1M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.92	+0.101%	$233K	$862K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.82	+0.013%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	+0.069%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.75	−0.042%	$466.3M	$1.07B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.75	−0.045%	$495.7M	$448.7M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.76	−0.035%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.81	+0.008%	$24.3M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.85	+0.038%	$27.6M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.91	+0.092%	$95.5M	$397.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.83	+0.024%	$48.6M	$33.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.88	+0.067%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.76	−0.034%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	+0.022%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.84	+0.035%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.80	+0.003%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	118.80	long leg	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	118.82	+0.017%	$46.4M	$100.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.74	−0.052%	$8.6M	$37.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0112%	1h	118.87	+0.060%	$123K	$606K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	118.89	+0.073%	—	$218.3M	500x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.85	+0.042%	$8.1M	$413.7M	50x	as long as short
Phoenix SOL	+0.0154%	1h	118.92	+0.101%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.86	+0.047%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.80	+0.004%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.75	−0.043%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	+0.008%	$51.7M	$87.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.81	+0.011%	$36.1M	$89.9M	100x	as long as short