Funding you earn now, next payment 22:00 UTC+0.0204%/8h= +22.4% APRnext payment +$0.26 per $10,000 · paid last 24h +0.038%
Price spread now: Hyperliquid against Derive+0.105%7-day average +0.088% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 3 days (all we have)+0.218%+$22 · spread now +0.105%, 7d avg +0.088%
=Together, before fees+0.230%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.088%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive SOL-PERP | 118.78 | −0.0104 | get 0.0013% / 1h | 43m 23s | $2.0M | $3.2M | 13x |
| Short | Hyperliquid SOL | 118.90 | 0.0100 | get 0.0013% / 1h | 43m 23s | $716.9M | $424.8M | 20x |
Derive SOL-PERP
Hyperliquid SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $42.91
- Price spread: +0.105% → +0.088%
- $1.65
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $29.56
- Costs to cover
- 0.150%
- Break-even
- 2.2 days
Slippage unknown: Derive: no order-book sample; Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago | 0.42 bp | 4.9 bp −$5 | 5.9 bp −$59 | 9.1 bp −$908 | 14.7 bp −$7,369 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SOL/USDC PERP | −0.0151% | 1h | 118.89 | +0.097% | $4K | $2K | 12x | as long as short |
| Derive SOL-PERPlong | −0.0104% | 1h | 118.78 | long leg | $2.0M | $3.2M | 13x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.83 | +0.042% | $842 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0079% | 1h | 118.75 | −0.025% | — | $724K | 20x | as long as short |
| Aftermath Perps SOLUSD | −0.0043% | 1h | 118.85 | +0.064% | $24K | $48K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 118.84 | +0.051% | $48K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.72 | −0.044% | $1.2M | $20.8M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.81 | +0.025% | $179K | $4.0M | 8.3x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 118.87 | +0.076% | $4.9M | $26.8M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0039% | 1h | 118.74 | −0.030% | $1.5M | $6.2M | 50x | as long as short |
Injective SOL/USDC PERP
Hotstuff SOL-PERP
Vest SOL-PERP
Aftermath Perps SOLUSD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
dYdX SOL-USD
ApeX Omni SOLUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SOL_USDC-PERPETUAL | +0.0039% | 1h | 118.91 | +0.116% | $26.7M | $27.7M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0059% | 8h | 118.86 | +0.072% | $1.1M | $5.9M | 100x | as long as short |
| BingX SOL-USDT | +0.0069% | 8h | 118.79 | +0.011% | — | $371.2M | — | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 118.88 | +0.088% | $105K | $153K | 20x | as long as short |
| HTX SOL-USDT | +0.0072% | 8h | 118.65 | −0.109% | $231.2M | $43.6M | 75x | as long as short |
| Gate SOL_USDT | +0.0084% | 8h | 118.82 | +0.038% | $858.4M | $677.2M | 100x | as long as short |
| KuCoin SOLUSDTM | +0.0094% | 8h | 118.83 | +0.044% | $143.7M | $196.5M | 75x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.83 | +0.045% | $13.4M | $53.2M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.82 | +0.035% | $2.0M | $16.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.83 | +0.048% | $353K | $741K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 118.81 | +0.031% | $1.0M | $525K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.83 | +0.046% | $45K | $780K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.84 | +0.053% | $5.5M | $40.7M | 40x | as long as short |
| Hyperliquid SOLshort | +0.0100% | 1h | 118.90 | +0.105% | $716.9M | $424.8M | 20x | |
| Aster SOLUSDT | +0.0100% | 8h | 118.81 | +0.032% | $179.1M | $173.7M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.86 | +0.070% | $12.4M | $113.8M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.82 | +0.038% | $971.5M | $3.74B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.85 | +0.063% | $819.7M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.82 | +0.038% | $370.1M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.65 | −0.106% | $233K | $860K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.89 | +0.094% | $1.9M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.88 | +0.089% | $133.2M | $12.7M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.80 | +0.021% | $465.8M | $1.07B | 300x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.84 | +0.056% | $496.0M | $448.8M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.75 | −0.021% | $24.3M | $38.0M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.85 | +0.059% | $27.6M | $127.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.77 | −0.004% | $95.4M | $397.6M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.66 | −0.099% | $48.6M | $33.1M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.76 | −0.013% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.82 | +0.038% | $366K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.77 | −0.001% | $200K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.84 | +0.055% | $37K | $15K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.73 | −0.034% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.70 | −0.063% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.73 | −0.038% | $46.3M | $99.8M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.83 | +0.042% | $8.6M | $37.2M | 50x | as long as short |
| Hibachi SOL/USDT-P | +0.0112% | 1h | 118.77 | −0.003% | $123K | $606K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 118.76 | −0.013% | $8.0M | $413.5M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.85 | +0.063% | — | $217.8M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 118.92 | +0.122% | $6.7M | $12.5M | 25x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0171% / S −0.0091% | 1h | 118.80 | +0.023% | $3.6M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 118.89 | +0.096% | $1.6M | $6.1M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 118.78 | +0.002% | $1.1M | $557K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.67 | −0.089% | $51.7M | $87.0M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0224% | 1h | 118.74 | −0.032% | $36.0M | $89.8M | 100x | as long as short |
Deribit SOL_USDC-PERPETUAL
Orderly PERP_SOL_USDC
BingX SOL-USDT
01 Exchange SOLUSD
HTX SOL-USDT
Gate SOL_USDT
KuCoin SOLUSDTM
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Hibachi SOL/USDT-P
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Phoenix SOL
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
Kraken Futures PF_SOLUSD