Funding you earn now, next payment 06:00 UTC+0.0338%/8h= +37.1% APRnext payment +$0.42 per $10,000 · paid last 24h +0.009%
Price spread now: SoDEX against Kraken Futures−0.064%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Funding, last 3 days (all we have)+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.064%, 7d avg −0.006%
=Funding pays, the price is against you. SoDEX is 0.058% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.006%). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$10 a day). At the pace of the last 3 days (+0.002% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.002% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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 | 117.11 | −0.0238 | get 0.0030% / 1h | 3m 06s | $33.1M | $104.1M | 100x |
| Short | SoDEX SOL-USD | 117.03 | 0.0100 | get 0.0013% / 1h | 3m 06s | $6.2M | $10.9M | 20x |
Kraken Futures PF_SOLUSD
SoDEX SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Kraken Futures. 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
- $71.08
- Price spread: −0.064% → −0.006%
- −$5.79
- Slippage, 4 orders
- −$5.59
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $41.7
- Costs to cover
- 0.236%
- Break-even
- 2.9 days
Slippage from Kraken Futures: live order book, 1 min ago; SoDEX: live order book, 1 min ago.
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, 1 min ago | 1.28 bp | 6.6 bp −$7 | 8.4 bp −$84 | 15.0 bp −$1,501 | 34.9 bp −$17.5K |
| Sell SoDEX live order book, 1 min ago | 0.43 bp | 4.4 bp −$4 | 5.2 bp −$52 | 17.5 bp −$1,749 | doesn't fit |
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 | −0.0238% | 1h | 117.11 | long leg | $33.1M | $104.1M | 100x | |
| Bybit SOLUSDT | −0.0104% | 8h | 117.03 | −0.064% | $742.7M | $1.44B | 100x | as long as short |
| BingX SOL-USDC | −0.0104% | 8h | 117.00 | −0.090% | — | $10.6M | — | as long as short |
| Hibachi SOL/USDT-P | −0.0088% | 1h | 117.08 | −0.022% | $104K | $688K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 117.11 | +0.004% | $1K | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0033% | 1h | 116.99 | −0.100% | — | $625K | 20x | as long as short |
| Derive SOL-PERP | −0.0010% | 1h | 116.97 | −0.115% | $1.9M | $2.9M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 117.02 | −0.071% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 117.06 | −0.034% | $1.5M | $19.4M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 117.00 | −0.089% | $110K | $3.7M | 8.3x | as long as short |
Bybit SOLUSDT
BingX SOL-USDC
Hibachi SOL/USDT-P
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX SOL-USD | +0.0008% | 1h | 117.03 | −0.067% | $4.3M | $23.8M | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0032% | 1h | 117.03 | −0.064% | $101K | $179K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 117.08 | −0.021% | $7.9M | $408.1M | 50x | as long as short |
| Bitget SOLUSDT | +0.0060% | 8h | 117.04 | −0.058% | $482.5M | $462.1M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0094% | 8h | 117.03 | −0.061% | $1.0M | $6.0M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 117.05 | −0.047% | $13.1M | $61.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 117.05 | −0.051% | $2.2M | $17.0M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 117.03 | −0.062% | $352K | $247K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 116.99 | −0.098% | $62K | $911K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 117.05 | −0.046% | $1.0M | $551K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.97 | −0.114% | $5.5M | $41.0M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 117.16 | +0.047% | $702.1M | $408.4M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 117.04 | −0.058% | $176.4M | $176.9M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 117.08 | −0.021% | $15.8M | $130.4M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 117.05 | −0.047% | $973.7M | $3.90B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 117.06 | −0.039% | $372.6M | $1.77B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.97 | −0.115% | $218K | $883K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 117.05 | −0.044% | $909K | $8.8M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.95 | −0.133% | $125.5M | $23.3M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 117.05 | −0.047% | $847.2M | $677.2M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 117.05 | −0.047% | $368.2M | $1.09B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 117.05 | −0.049% | $129.0M | $231.5M | 75x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 117.06 | −0.039% | $23.2M | $38.2M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 117.05 | −0.043% | $24.8M | $113.0M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 117.07 | −0.030% | $94.0M | $411.0M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 117.02 | −0.073% | $47.9M | $30.9M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 117.13 | +0.018% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 117.10 | −0.004% | $1.3M | $12.1M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 117.00 | −0.090% | $314K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 117.00 | −0.087% | $200K | $1.6M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 117.04 | −0.053% | $27K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.99 | −0.102% | $190K | $1.8M | 30x | as long as short |
| SoDEX SOL-USDshort | +0.0100% | 1h | 117.03 | −0.064% | $6.2M | $10.9M | 20x | |
| HTX SOL-USDT | +0.0100% | 8h | 117.02 | −0.070% | $226.6M | $50.5M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 117.05 | −0.047% | $45.5M | $105.4M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.98 | −0.103% | $8.1M | $39.2M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 117.01 | −0.078% | — | $238.4M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 117.09 | −0.013% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0179% | 1h | 117.18 | +0.064% | $6.6M | $13.7M | 25x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0190% | 1h | 117.11 | +0.002% | $26.5M | $22.0M | 50x | as long as short |
| Reya SOLRUSDPERP | +0.0193% | 1h | 116.96 | −0.125% | $1.1M | $544K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 117.04 | −0.056% | $52.1M | $68.7M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0173% | 1h | 117.01 | −0.077% | $3.5M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0487% | 1h | 117.02 | −0.071% | $25K | $56K | 20x | as long as short |
| RISEx SOL/USDC | +0.0547% | 1h | 117.07 | −0.029% | $2.1M | $4.9M | 20x | as long as short |
dYdX SOL-USD
01 Exchange SOLUSD
Coinbase International SOL-PERP-INTX
Bitget SOLUSDT
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Paradex SOL-USD-PERP
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Phoenix SOL
Deribit SOL_USDC-PERPETUAL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
RISEx SOL/USDC