SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Arcus against Deribit−0.045%7-day average +0.015% · 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−$23as in the Price arb table

costs, in and out, $10k−$170.169% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.045%, 7d avg +0.015%

Together, before fees+0.218%+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.061% cheaper against Deribit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	116.57	0.0103	pay 0.0013% / 1h	30m 42s	$26.4M	$21.8M	50x
Short	Arcus SOL-USD	116.52	0.0100	get 0.0013% / 1h	30m 42s	$900K	$8.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$0.57
Price spread: −0.045% → +0.015%: −$6.06
Slippage, 4 orders: −$5.35
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$23.48
Costs to cover: 0.169%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; Arcus: 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 Deribit live order book, 3 min ago	0.04 bp	4.9 bp −$5	5.6 bp −$56	14.8 bp −$1,477	doesn't fit
Sell Arcus live order book, 3 min ago	0.04 bp	2.3 bp −$2	2.7 bp −$27	9.9 bp −$989	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
Hibachi SOL/USDT-P	−0.0152%	1h	116.47	−0.084%	$98K	$690K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	116.45	−0.101%	$740.5M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.49	−0.069%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.53	−0.035%	$32.2M	$106.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.33	−0.206%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0022%	1h	116.47	−0.084%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	−0.047%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.51	−0.050%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.53	−0.037%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0021%	1h	116.49	−0.067%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0032%	1h	116.46	−0.089%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.52	−0.041%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0045%	8h	116.43	−0.115%	$479.5M	$460.5M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.54	−0.026%	$8.0M	$404.0M	50x	as long as short
Aster SOLUSDT	+0.0084%	8h	116.47	−0.088%	$175.8M	$172.0M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	116.51	−0.046%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.49	−0.065%	$1.0M	$551K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.46	−0.096%	$13.0M	$60.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.51	−0.049%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.45	−0.101%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.46	−0.093%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.57	+0.002%	$697.7M	$409.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.52	−0.040%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.47	−0.084%	$966.8M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.47	−0.084%	$368.2M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.46	−0.092%	$216K	$880K	10x	as long as short
Arcus SOL-USDshort	+0.0100%	1h	116.52	−0.045%	$900K	$8.7M	20x
Bulk SOL-USD	+0.0100%	1h	116.45	−0.101%	$124.6M	$26.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.48	−0.075%	$844.0M	$668.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.48	−0.075%	$362.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.50	−0.058%	$129.8M	$232.6M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.43	−0.120%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	−0.058%	$23.0M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	−0.088%	$24.8M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.42	−0.130%	$93.5M	$410.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	−0.075%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.54	−0.027%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.48	−0.075%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.49	−0.067%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	−0.042%	$248K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.52	−0.043%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.48	−0.071%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.50	−0.058%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.48	−0.074%	$225.5M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.48	−0.075%	$45.3M	$105.2M	50x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0103%	1h	116.57	long leg	$26.4M	$21.8M	50x
Extended SOL-USD	+0.0104%	1h	116.43	−0.117%	$8.0M	$39.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.46	−0.093%	—	$237.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	−0.058%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.47	−0.084%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.47	−0.084%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	−0.067%	$52.2M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.52	−0.043%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.58	+0.010%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0499%	1h	116.54	−0.023%	$25K	$56K	20x	as long as short