SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0248%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h −0.062%

Price spread now: Derive against GMX−0.091%7-day average −0.031% · you buy dearer than you sell

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

Long on GMX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.181%−$18 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.091%, 7d avg −0.031%

Together, before fees−0.262%−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Derive is 0.060% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SOL/USD [SOL-USDC]	116.58	L +0.0232% / S −0.0170%	pay 0.0029% / 1h	42m 28s	$3.5M	—	200x
Short	Derive SOL-PERP	116.47	−0.0016	pay 0.0002% / 1h	42m 28s	$1.9M	$2.8M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against GMX. 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 GMXbpFee DerivebpOrdersPrice spread, now −0.091%Rate

Funding earned: −$52.09
Price spread: −0.091% → −0.031%: −$6.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$76.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Derive: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

GMX and 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
Vest SOL-PERP	−0.0090%	1h	116.42	−0.132%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.46	−0.098%	$911	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	116.59	+0.011%	$103K	$700K	20x	as long as short
Derive SOL-PERPshort	−0.0016%	1h	116.47	−0.091%	$1.9M	$2.8M	13x
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.43	−0.127%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.72	+0.122%	$1.4M	$18.7M	3.1x	as long as short
dYdX SOL-USD	0.0000%	1h	116.46	−0.104%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.43	−0.126%	$99K	$169K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.57	−0.004%	$7.5M	$404.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0073%	1h	116.61	+0.025%	$26.3M	$25.3M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.56	−0.013%	$31.0M	$100.3M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.43	−0.126%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.49	−0.074%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.48	−0.084%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.57	−0.007%	$342K	$236K	20x	as long as short
Katana Perps SOL-USD	+0.0098%	8h	116.37	−0.178%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.52	−0.049%	$987K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.39	−0.162%	$5.4M	$39.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.50	−0.066%	$705.0M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.41	−0.144%	$175.0M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	−0.030%	$15.7M	$129.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.43	−0.129%	$963.8M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.36	−0.186%	$784.6M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.41	−0.144%	$366.8M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.43	−0.126%	$232K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.40	−0.150%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.65	+0.062%	$133.5M	$20.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.40	−0.152%	$844.8M	$656.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.43	−0.126%	$417.8M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.45	−0.110%	$126.1M	$217.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.40	−0.150%	$478.2M	$441.5M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.39	−0.161%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	−0.032%	$23.3M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.49	−0.072%	$24.4M	$114.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.46	−0.097%	$93.5M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.037%	$47.7M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.67	+0.083%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.60	+0.019%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.44	−0.118%	$321K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.41	−0.141%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.41	−0.141%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.61	+0.027%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.56	−0.015%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.51	−0.061%	$226.0M	$46.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.62	+0.037%	$45.6M	$101.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.36	−0.191%	$7.9M	$36.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.47	−0.088%	—	$228.5M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.015%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.52	−0.049%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.40	−0.154%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.56	−0.015%	$51.7M	$72.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]long	L +0.0232% / S −0.0170%	1h	116.58	long leg	$3.5M	—	200x
Perpl SOL	+0.0335%	43m	116.46	−0.100%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0515%	1h	116.62	+0.034%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.47	−0.092%	$1.9M	$4.9M	20x	as long as short