Funding you earn now, next payment 23:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.022%
Price spread now: Deribit against Bybit+0.116%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)−0.244%−$24 · spread now +0.116%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.099% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOLUSDT | 119.11 | 0.0100 | pay 0.0100% / 8h | 1h 25m | $823.6M | $1.28B | 100x |
| Short | Deribit SOL_USDC-PERPETUAL | 119.25 | 0.0124 | get 0.0016% / 1h | 25m 58s | $26.7M | $27.6M | 50x |
Bybit SOLUSDT
Deribit SOL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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
- $5.07
- Price spread: +0.116% → +0.017%
- $9.95
- Slippage, 4 orders
- −$3.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$6.9
- Costs to cover
- 0.219%
- Break-even
- 16.5 days
Slippage from Bybit: live order book, 3 min ago; Deribit: live order book, 3 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 Bybit live order book, 3 min ago | 0.42 bp | 5.9 bp −$6 | 6.6 bp −$66 | 9.3 bp −$932 | 18.0 bp −$9,006 |
| Sell Deribit live order book, 3 min ago | 1.13 bp | 4.7 bp −$5 | 5.6 bp −$56 | 18.5 bp −$1,851 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERP | −0.0117% | 1h | 118.34 | −0.652% | $37K | $17K | 25x | as long as short |
| Derive SOL-PERP | −0.0086% | 1h | 119.14 | +0.019% | $2.0M | $3.0M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.26 | +0.121% | $846 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0061% | 1h | 119.19 | +0.060% | — | $722K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0005% / S +0.0004% | 1h | 119.25 | +0.112% | $106K | — | 150x | as long as short |
| dYdX SOL-USD | −0.0001% | 1h | 119.28 | +0.141% | $4.9M | $27.2M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.20 | +0.071% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.26 | +0.120% | $178K | $4.0M | 8.3x | as long as short |
| Hibachi SOL/USDT-P | +0.0032% | 1h | 119.27 | +0.133% | $119K | $611K | 20x | as long as short |
| Phoenix SOL | +0.0054% | 1h | 119.24 | +0.105% | $6.5M | $13.6M | 25x | as long as short |
Bluefin SOL-PERP
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOL
Hibachi SOL/USDT-P
Phoenix SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0067% | 8h | 119.23 | +0.099% | $1.1M | $5.9M | 100x | as long as short |
| Aftermath Perps SOLUSD | +0.0079% | 1h | 119.30 | +0.159% | $24K | $47K | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0080% | 1h | 119.24 | +0.105% | $104K | $154K | 20x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.08 | −0.025% | — | $374.4M | — | as long as short |
| HTX SOL-USDT | +0.0083% | 8h | 119.04 | −0.064% | $231.8M | $45.0M | 75x | as long as short |
| Gate SOL_USDT | +0.0087% | 8h | 119.10 | −0.013% | $869.7M | $683.8M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.12 | +0.004% | $13.6M | $55.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.11 | −0.006% | $2.1M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.16 | +0.034% | $353K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 119.15 | +0.026% | $1.0M | $523K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.21 | +0.080% | $47K | $794K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.21 | +0.080% | $6.2M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.15 | +0.029% | $717.5M | $417.9M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.12 | +0.007% | $178.3M | $176.5M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.26 | +0.119% | $12.3M | $117.8M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.10 | −0.013% | $984.8M | $3.81B | 100x | as long as short |
| Bybit SOLUSDTlong | +0.0100% | 8h | 119.11 | long leg | $823.6M | $1.28B | 100x | |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.10 | −0.013% | $370.8M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.31 | +0.164% | $234K | $886K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.24 | +0.103% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.16 | +0.035% | $133.7M | $8.0M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.12 | +0.004% | $451.7M | $1.12B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.13 | +0.014% | $140.3M | $201.9M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.09 | −0.019% | $494.8M | $455.8M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.11 | −0.004% | $24.1M | $38.5M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.26 | +0.122% | $27.9M | $128.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.21 | +0.080% | $95.7M | $400.5M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.31 | +0.161% | $48.8M | $31.8M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.25 | +0.116% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.28 | +0.139% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.23 | +0.097% | $365K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.23 | +0.095% | $201K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.24 | +0.103% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.12 | +0.004% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.14 | +0.021% | $46.5M | $102.3M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.08 | −0.029% | $8.7M | $36.3M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.17 | +0.043% | $8.2M | $415.4M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.28 | +0.135% | — | $223.3M | 500x | as long as short |
| Deribit SOL_USDC-PERPETUALshort | +0.0124% | 1h | 119.25 | +0.116% | $26.7M | $27.6M | 50x | |
| Kraken Futures PF_SOLUSD | +0.0150% | 1h | 119.12 | +0.007% | $32.6M | $95.8M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0171% / S −0.0085% | 1h | 119.25 | +0.112% | $3.6M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0181% | 1h | 119.22 | +0.085% | $1.1M | $557K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.24 | +0.108% | $1.7M | $6.0M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.38 | +0.222% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.28 | +0.139% | $52.3M | $82.8M | 125x | as long as short |
Orderly PERP_SOL_USDC
Aftermath Perps SOLUSD
01 Exchange SOLUSD
BingX SOL-USDT
HTX SOL-USDT
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance 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
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]
Reya SOLRUSDPERP
RISEx SOL/USDC
Injective SOL/USDC PERP
BloFin SOL-USDT