SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0225%/8h= +24.7% APRnext payment +$0.28 per $10,000 · paid last 24h −0.029%

Price spread now: Derive against Kraken Futures−0.055%7-day average −0.034% · you buy dearer than you sell

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

Long on Kraken Futures Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.055%, 7d avg −0.034%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Derive is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.034%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 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	Kraken Futures PF_SOLUSD	116.54	−0.0193	get 0.0024% / 1h	26m 19s	$31.0M	$101.1M	100x
Short	Derive SOL-PERP	116.47	0.0032	get 0.0004% / 1h	26m 19s	$1.9M	$2.9M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Kraken FuturesbpFee DerivebpOrdersPrice spread, now −0.055%Rate

Funding earned: $47.29
Price spread: −0.055% → −0.034%: −$2.16
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $29.13
Costs to cover: 0.160%
Break-even: 2.7 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; 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 Kraken Futures live order book, 3 min ago	1.28 bp	6.3 bp −$6	6.9 bp −$69	11.1 bp −$1,109	19.9 bp −$9,933
Sell Derive no order-book sample	—	—	—	—	—

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
Kraken Futures PF_SOLUSDlong	−0.0193%	1h	116.54	long leg	$31.0M	$101.1M	100x
Hibachi SOL/USDT-P	−0.0184%	1h	116.62	+0.070%	$105K	$703K	20x	as long as short
Vest SOL-PERP	−0.0095%	1h	116.51	−0.023%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.56	+0.021%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0004%	8h	116.42	−0.102%	$756.3M	$1.38B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.54	0.000%	$42K	—	150x	as long as short
dYdX SOL-USD	+0.0013%	1h	116.57	+0.024%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERPshort	+0.0032%	1h	116.47	−0.055%	$1.9M	$2.9M	13x
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.54	+0.002%	$7.6M	$404.7M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.56	+0.018%	$99K	$174K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0085%	1h	116.52	−0.016%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.54	−0.001%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.58	+0.031%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.55	+0.009%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.54	−0.001%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.53	−0.008%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.59	+0.039%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.55	+0.011%	$5.4M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.63	+0.078%	$704.1M	$394.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.53	−0.008%	$174.6M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.59	+0.042%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.52	−0.013%	$972.1M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.53	−0.008%	$366.1M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	+0.026%	$229K	$839K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.57	+0.029%	$920K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.181%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.53	−0.008%	$851.7M	$663.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.55	+0.009%	$366.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.53	−0.006%	$129.0M	$223.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.50	−0.032%	$480.8M	$444.9M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.49	−0.039%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	0.000%	$23.0M	$40.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.79	+0.219%	$24.6M	$113.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	+0.167%	$93.7M	$399.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	+0.120%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	+0.284%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	+0.121%	$1.3M	$12.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.55	+0.009%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.55	+0.005%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	−0.016%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.53	−0.008%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.55	+0.006%	$225.9M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.64	+0.086%	$45.7M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.48	−0.053%	$8.3M	$37.7M	50x	as long as short
Kalshi KXSOLPERP	+0.0106%	8h	116.62	+0.070%	$1.4M	$19.0M	3.1x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.138%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.56	+0.022%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.77	+0.198%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.50	−0.031%	$1.1M	$542K	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0204%	1h	116.60	+0.051%	$26.3M	$23.3M	50x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.59	+0.043%	$51.9M	$67.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.54	−0.003%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.62	+0.070%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0548%	1h	116.74	+0.174%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.61	+0.064%	$1.9M	$4.8M	20x	as long as short