Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0168%/8h= −18.5% APRnext payment $0.21 per $10,000 · paid last 24h −0.071%
Price spread now: Derive against Bluefin−0.059%59s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.579%+$58 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Derive is 0.059% cheaper against Bluefin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.579%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin SOL-PERP116.580.0100pay 0.0013% / 1h2m 32s$27K$36K25x
ShortDerive SOL-PERP116.51−0.0068pay 0.0009% / 1h2m 32s$1.9M$3.0M13x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against Bluefin. 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

Funding earned
−$35.38
Price spread: −0.059% → 0.000%
−$5.86
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Derive: 3 bp × 2 orders
−$6
Net
−$54.25
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Bluefin: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample
Sell Derive no order-book sample
Bluefin and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi SOL/USDT-P−0.0208%1h116.60+0.017%$97K$678K20xas long as short
Bybit SOLUSDT−0.0113%8h116.51−0.056%$737.8M$1.43B100xas long as short
Hotstuff SOL-PERP−0.0080%1h116.54−0.034%$1K$8K25xas long as short
Kraken Futures PF_SOLUSD−0.0072%1h116.61+0.029%$32.3M$106.1M100xas long as short
Derive SOL-PERPshort−0.0068%1h116.51−0.059%$1.9M$3.0M13x
Vest SOL-PERP−0.0046%1h116.51−0.060%$633K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.54−0.032%$42K150xas long as short
Kalshi KXSOLPERP0.0000%8h116.63+0.046%$1.5M$19.3M3.1xas long as short
Perpl SOL0.0000%43m116.58+0.007%$106K$3.5M8.3xas long as short
dYdX SOL-USD+0.0017%1h116.58+0.002%$4.3M$23.6M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SOLUSDT+0.0036%8h116.52−0.048%$480.4M$459.2M100xas long as short
01 Exchange SOLUSD+0.0048%1h116.57−0.005%$99K$177K20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.61+0.030%$8.0M$402.4M50xas long as short
Lighter RH SOL+0.0056%1h116.53−0.040%$2.2M$17.0M25xas long as short
SoDEX SOL-USD+0.0070%1h116.56−0.014%$6.1M$11.0M20xas long as short
Aster SOLUSDT+0.0073%8h116.53−0.039%$176.5M$169.4M100xas long as short
Orderly PERP_SOL_USDC+0.0082%8h116.56−0.017%$1.0M$5.9M100xas long as short
Paradex SOL-USD-PERP+0.0093%8h116.57−0.008%$1.0M$554K50xas long as short
Lighter SOL+0.0096%1h116.52−0.048%$13.1M$61.2M25xas long as short
Aevo SOL-PERP+0.0096%1h116.55−0.026%$353K$254K20xas long as short
Katana Perps SOL-USD+0.0099%8h116.52−0.048%$66K$910K20xas long as short
Nado SOL-PERP+0.0100%1h116.50−0.066%$5.3M$41.5M40xas long as short
Hyperliquid SOL+0.0100%1h116.64+0.055%$701.1M$408.5M20xas long as short
Pacifica SOL+0.0100%1h116.58+0.001%$15.7M$130.6M20xas long as short
Binance SOLUSDT+0.0100%8h116.53−0.039%$965.8M$3.87B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.53−0.039%$367.1M$1.77B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.57−0.005%$217K$825K10xas long as short
Arcus SOL-USD+0.0100%1h116.56−0.018%$899K$8.7M20xas long as short
Bulk SOL-USD+0.0100%1h116.55−0.022%$125.4M$26.0M20xas long as short
Gate SOL_USDT+0.0100%8h116.53−0.039%$849.0M$676.6M100xas long as short
MEXC SOL_USDT+0.0100%8h116.51−0.057%$369.7M$1.08B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.55−0.019%$133.0M$233.0M75xas long as short
BingX SOL-USDC+0.0100%8h116.53−0.044%$10.7Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.56−0.014%$23.0M$36.9M50xas long as short
Variational Omni SOL+0.0100%8h116.69+0.102%$25.1M$110.9Mas long as short
edgeX SOLUSDC+0.0100%4h116.63+0.049%$93.6M$408.8M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.62+0.041%$47.7M$29.6M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.66+0.070%$1.2M$6.8M50xas long as short
StandX SOL-USD+0.0100%1h116.63+0.046%$1.3M$11.8M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.50−0.065%$312K$2.8M20xas long as short
Bullet SOL-USD+0.0100%1h116.52−0.050%$241K$1.7M20xas long as short
Bluefin SOL-PERPlong+0.0100%1h116.58long leg$27K$36K25x
SunX SOL-USDT+0.0100%8h116.57−0.005%$189K$1.8M30xas long as short
HTX SOL-USDT+0.0100%8h116.57−0.006%$225.7M$50.4M75xas long as short
Phemex SOLUSDT+0.0100%8h116.57−0.005%$45.4M$104.9M50xas long as short
Extended SOL-USD+0.0104%1h116.49−0.074%$8.0M$38.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0056%1h116.60+0.021%$233.7M500xas long as short
Deribit SOL_USDC-PERPETUAL+0.0133%1h116.64+0.057%$26.4M$21.7M50xas long as short
Injective SOL/USDC PERP+0.0176%1h116.62+0.038%$4K$2K12xas long as short
Phoenix SOL+0.0178%1h116.73+0.132%$6.5M$13.6M25xas long as short
Reya SOLRUSDPERP+0.0195%1h116.48−0.083%$1.1M$545K25xas long as short
BloFin SOL-USDT+0.0220%8h116.53−0.039%$52.1M$66.6M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0231% / S −0.0169%1h116.53−0.040%$3.5M200xas long as short
RISEx SOL/USDC+0.0451%1h116.61+0.029%$2.1M$4.8M20xas long as short
Aftermath Perps SOLUSD+0.0488%1h116.63+0.050%$25K$57K20xas long as short