Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.16 per $10,000 · paid last 24h +0.040%
Price spread now: Ondo Perps against Derive−0.042%7-day average +0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.042%, 7d avg +0.009%
Together, before fees+0.095%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.051% cheaper against Derive than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.009%). If the spread goes back, that is −$5 on $10k: about 32 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.062% in total) that is about 5.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive SOL-PERP117.66−0.0027get 0.0003% / 1h20m 44s$2.0M$2.8M13x
ShortOndo Perps SOL-USD.P117.610.0100get 0.0013% / 1h20m 44s$239K$891K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$26.63
Price spread: −0.042% → +0.009%
−$5.09
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$10.54
Costs to cover
0.110%
Break-even
4.2 days
Slippage unknown: Derive: no order-book sample; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell Ondo Perps no order-book sample
Derive and Ondo Perps: 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 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h117.76+0.089%$921$8K25xas long as short
Vest SOL-PERP−0.0067%1h117.75+0.075%$607K20xas long as short
Derive SOL-PERPlong−0.0027%1h117.66long leg$2.0M$2.8M13x
Hibachi SOL/USDT-P−0.0016%1h118.00+0.288%$101K$691K20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h117.75+0.076%$53K150xas long as short
dYdX SOL-USD0.0000%1h117.66−0.002%$4.5M$24.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.84+0.155%$1.4M$20.9M3.1xas long as short
Deribit SOL_USDC-PERPETUAL+0.0012%1h117.75+0.076%$26.4M$25.5M50xas long as short
RISEx SOL/USDC+0.0018%1h117.61−0.038%$2.0M$4.7M20xas long as short
ApeX Omni SOLUSDT+0.0030%1h117.91+0.214%$1.5M$6.0M50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD+0.0049%1h117.72+0.048%$31.6M$98.9M100xas long as short
HTX SOL-USDT+0.0052%8h117.71+0.046%$228.8M$45.5M75xas long as short
Gate SOL_USDT+0.0057%8h117.59−0.059%$851.3M$663.2M100xas long as short
Coinbase International SOL-PERP-INTX+0.0072%1h117.71+0.046%$8.0M$409.2M50xas long as short
BingX SOL-USDC+0.0080%8h117.58−0.068%$10.6Mas long as short
Orderly PERP_SOL_USDC+0.0087%8h117.74+0.066%$1.1M$5.8M100xas long as short
Lighter SOL+0.0096%1h117.61−0.037%$13.1M$60.1M25xas long as short
Lighter RH SOL+0.0096%1h117.60−0.053%$2.1M$16.8M25xas long as short
01 Exchange SOLUSD+0.0096%1h117.78+0.103%$103K$159K20xas long as short
Aevo SOL-PERP+0.0096%1h117.73+0.058%$345K$258K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.64−0.019%$1.0M$519K50xas long as short
Katana Perps SOL-USD+0.0100%8h117.56−0.084%$64K$855K20xas long as short
Nado SOL-PERP+0.0100%1h117.75+0.082%$5.7M$41.5M40xas long as short
Aster SOLUSDT+0.0100%8h117.61−0.042%$176.5M$179.7M100xas long as short
Pacifica SOL+0.0100%1h117.65−0.008%$14.4M$128.9M20xas long as short
Binance SOLUSDT+0.0100%8h117.60−0.049%$969.3M$3.80B100xas long as short
Bybit SOLUSDT+0.0100%8h117.62−0.032%$820.1M$1.27B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.60−0.050%$365.5M$1.67B100xas long as short
Ondo Perps SOL-USD.Pshort+0.0100%1h117.61−0.042%$239K$891K10x
Arcus SOL-USD+0.0100%1h117.61−0.041%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.00+0.289%$135.1M$14.3M20xas long as short
MEXC SOL_USDT+0.0100%8h117.59−0.059%$425.8M$1.11B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.64−0.014%$131.3M$210.3M75xas long as short
Bitget SOLUSDT+0.0100%8h117.57−0.075%$487.0M$440.9M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.70+0.035%$23.8M$37.5M50xas long as short
Variational Omni SOL+0.0100%8h117.74+0.072%$24.4M$122.5Mas long as short
edgeX SOLUSDC+0.0100%4h117.93+0.233%$94.7M$404.6M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.96+0.257%$48.3M$28.8M20xas long as short
StandX SOL-USD+0.0100%1h117.96+0.256%$1.3M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.76+0.086%$354K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h117.75+0.082%$201K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.73+0.059%$37K$16K25xas long as short
SunX SOL-USDT+0.0100%8h117.76+0.082%$191K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.72+0.052%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.71+0.043%$45.9M$101.4M50xas long as short
Phoenix SOL+0.0101%1h118.11+0.383%$6.5M$13.5M25xas long as short
Hyperliquid SOL+0.0104%1h117.74+0.069%$719.9M$400.1M20xas long as short
Extended SOL-USD+0.0104%1h117.57−0.077%$8.1M$36.2M50xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.74+0.071%$226.2M500xas long as short
Reya SOLRUSDPERP+0.0188%1h117.75+0.078%$1.1M$523K25xas long as short
Injective SOL/USDC PERP+0.0222%1h117.87+0.179%$4K$2K12xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0174%1h117.75+0.076%$3.6M200xas long as short
Aftermath Perps SOLUSD+0.0336%1h117.91+0.211%$25K$51K20xas long as short
Perpl SOL+0.0447%43m117.82+0.139%$129K$3.9M8.3xas long as short