Funding you earn now, next payment 07:00 UTC+0.0153%/8h= +16.8% APRnext payment +$0.19 per $10,000 · paid last 24h +0.036%
Price spread now: Bullet against Derive+0.164%294s7-day average +0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.164%, 7d avg +0.033%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bullet is 0.131% dearer against Derive than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.033%. The two prices were read 294 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive SOL-PERP | 116.33 | −0.0053 | get 0.0007% / 1h | 31m 08s | $1.9M | $3.0M | 13x |
| Short | Bullet SOL-USD | 116.52 | 0.0100 | get 0.0013% / 1h | 31m 08s | $248K | $1.7M | 20x |
Derive SOL-PERP
Bullet SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Derive. 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
- $32.14
- Price spread: +0.164% → +0.033%
- $13.15
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $31.29
- Costs to cover
- 0.140%
- Break-even
- 0.2 days
Slippage unknown: Derive: no order-book sample; Bullet: live order book, 3 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 3 min ago | 0.04 bp | 4.8 bp −$5 | 9.7 bp −$97 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi SOL/USDT-P | −0.0152% | 1h | 116.47 | +0.122% | $98K | $690K | 20x | as long as short |
| Bybit SOLUSDT | −0.0115% | 8h | 116.47 | +0.122% | $740.7M | $1.44B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.49 | +0.137% | $1K | $8K | 25x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0072% | 1h | 116.53 | +0.171% | $32.2M | $106.3M | 100x | as long as short |
| Derive SOL-PERPlong | −0.0053% | 1h | 116.33 | long leg | $1.9M | $3.0M | 13x | |
| Vest SOL-PERP | −0.0022% | 1h | 116.47 | +0.122% | — | $628K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.51 | +0.159% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.51 | +0.156% | $1.5M | $19.4M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.53 | +0.170% | $110K | $3.6M | 8.3x | as long as short |
| dYdX SOL-USD | +0.0022% | 1h | 116.49 | +0.139% | $4.3M | $23.7M | 20x | as long as short |
Hibachi SOL/USDT-P
Bybit SOLUSDT
Hotstuff SOL-PERP
Kraken Futures PF_SOLUSD
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
dYdX SOL-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SOL | +0.0032% | 1h | 116.48 | +0.135% | $2.2M | $16.8M | 25x | as long as short |
| 01 Exchange SOLUSD | +0.0040% | 1h | 116.52 | +0.165% | $100K | $177K | 20x | as long as short |
| Bitget SOLUSDT | +0.0045% | 8h | 116.47 | +0.127% | $479.7M | $460.5M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.54 | +0.180% | $8.0M | $404.0M | 50x | as long as short |
| Aster SOLUSDT | +0.0085% | 8h | 116.49 | +0.140% | $175.8M | $172.9M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0088% | 8h | 116.51 | +0.160% | $1.0M | $6.0M | 100x | as long as short |
| Paradex SOL-USD-PERP | +0.0095% | 8h | 116.49 | +0.141% | $1.0M | $551K | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.50 | +0.144% | $13.0M | $60.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.51 | +0.157% | $351K | $252K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 116.45 | +0.105% | $64K | $906K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.46 | +0.114% | $5.5M | $41.1M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.59 | +0.225% | $697.8M | $409.5M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.52 | +0.167% | $15.7M | $130.5M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.49 | +0.143% | $967.0M | $3.89B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.48 | +0.131% | $368.4M | $1.77B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.46 | +0.114% | $216K | $880K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.52 | +0.161% | $900K | $8.7M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.45 | +0.105% | $124.6M | $26.6M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.49 | +0.140% | $844.1M | $668.5M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.50 | +0.148% | $362.7M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.50 | +0.148% | $129.8M | $232.6M | 75x | as long as short |
| BingX SOL-USDT | +0.0100% | 8h | 116.49 | +0.139% | — | $374.2M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.50 | +0.148% | $23.0M | $37.6M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.35 | +0.023% | $24.9M | $111.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.42 | +0.076% | $93.5M | $410.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.48 | +0.131% | $47.7M | $30.7M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.54 | +0.179% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.48 | +0.131% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.49 | +0.140% | $313K | $2.8M | 20x | as long as short |
| Bullet SOL-USDshort | +0.0100% | 1h | 116.52 | +0.164% | $248K | $1.7M | 20x | |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.52 | +0.164% | $27K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.48 | +0.135% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.50 | +0.148% | $6.1M | $10.9M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.48 | +0.132% | $225.5M | $50.7M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.48 | +0.131% | $45.3M | $105.2M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0103% | 1h | 116.57 | +0.206% | $26.4M | $21.8M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.46 | +0.114% | $8.0M | $39.1M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.46 | +0.113% | — | $237.0M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0176% | 1h | 116.50 | +0.148% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0178% | 1h | 116.47 | +0.122% | $6.5M | $13.6M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0194% | 1h | 116.47 | +0.122% | $1.1M | $544K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.49 | +0.140% | $52.2M | $67.8M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.52 | +0.163% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0451% | 1h | 116.58 | +0.216% | $2.1M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0499% | 1h | 116.54 | +0.183% | $25K | $56K | 20x | as long as short |
Lighter RH SOL
01 Exchange SOLUSD
Bitget SOLUSDT
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
Orderly PERP_SOL_USDC
Paradex SOL-USD-PERP
Lighter SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Deribit SOL_USDC-PERPETUAL
Extended SOL-USD
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD