SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.036%

Price spread now: Coinbase International against Derive−0.071%303s7-day average +0.054% · you buy dearer than you sell

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

Long on Derive Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.071%, 7d avg +0.054%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.125% cheaper against Derive than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.054%). If the spread goes back, that is −$12 on $10k: about 13 days of funding at the current rate (+$1 a day). The two prices were read 303 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	116.38	0.0007	pay 0.0001% / 1h	52m 07s	$1.9M	$3.0M	13x
Short	Coinbase International SOL-PERP-INTX	116.30	0.0040	get 0.0005% / 1h	52m 07s	$7.8M	$395.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Derive. 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 DerivebpFee Coinbase InternationalbpOrdersPrice spread, now −0.071%Rate

Funding earned: $6.97
Price spread: −0.071% → +0.054%: −$12.48
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.52
Costs to cover: 0.160%
Break-even: 28.6 days

Slippage unknown: Derive: no order-book sample; Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	0.04 bp	5.1 bp −$5	7.5 bp −$75	15.2 bp −$1,524	342.4 bp −$171.2K

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
Hotstuff SOL-PERP	−0.0080%	1h	116.32	−0.053%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.30	−0.067%	$32.3M	$106.8M	100x	as long as short
Vest SOL-PERP	−0.0014%	1h	116.34	−0.038%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.31	−0.063%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.38	−0.001%	$4.3M	$23.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.34	−0.033%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.38	−0.001%	$99K	$3.4M	8.3x	as long as short
Phemex SOLUSDT	0.0000%	8h	116.32	−0.053%	$45.2M	$103.7M	50x	as long as short
Derive SOL-PERPlong	+0.0007%	1h	116.38	long leg	$1.9M	$3.0M	13x
Bitget SOLUSDT	+0.0025%	8h	116.31	−0.060%	$479.9M	$455.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0039%	1h	116.34	−0.037%	$26.2M	$21.9M	50x	as long as short
Gate SOL_USDT	+0.0040%	8h	116.29	−0.079%	$847.7M	$606.2M	100x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0040%	1h	116.30	−0.071%	$7.8M	$395.7M	50x
Bybit SOLUSDT	+0.0048%	8h	116.30	−0.070%	$731.6M	$1.41B	100x	as long as short
Aster SOLUSDT	+0.0054%	8h	116.32	−0.053%	$176.7M	$169.3M	100x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	116.41	+0.026%	$103K	$680K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0069%	8h	116.31	−0.061%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.28	−0.090%	$13.1M	$55.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.27	−0.094%	$2.1M	$14.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.27	−0.094%	$351K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.33	−0.046%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.34	−0.036%	$64K	$903K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.35	−0.027%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.43	+0.042%	$695.5M	$406.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.36	−0.022%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.30	−0.067%	$962.2M	$3.85B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.32	−0.053%	$366.3M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	−0.268%	$219K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.36	−0.022%	$919K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.33	−0.047%	$125.6M	$25.5M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.31	−0.061%	$369.5M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.31	−0.062%	$129.7M	$237.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.32	−0.054%	—	$372.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.31	−0.061%	$22.8M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.26	−0.108%	$24.8M	$105.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.10	−0.238%	$93.2M	$404.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.33	−0.046%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.14	−0.205%	$1.1M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.35	−0.027%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.39	+0.007%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.35	−0.024%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.32	−0.054%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.30	−0.070%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.27	−0.096%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.26	−0.107%	$225.1M	$50.7M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.24	−0.125%	$8.3M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.41	+0.026%	—	$231.7M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.35	−0.027%	$6.5M	$13.4M	25x	as long as short
01 Exchange SOLUSD	+0.0128%	1h	116.39	+0.007%	$100K	$181K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.036%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.32	−0.056%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.37	−0.010%	$52.5M	$64.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.34	−0.032%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0421%	1h	116.35	−0.023%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.44	+0.050%	$2.1M	$4.7M	20x	as long as short