Funding you earn now, next payment 23:00 UTC−0.0101%/8h= −11.0% APRnext payment −$0.13 per $10,000 · paid last 24h −0.038%
Price spread now: dYdX against Polymarket Perps+0.078%47s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.271% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.078%, 7d avg −0.017%
=The price spread pays, funding is against you. dYdX is 0.095% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.017%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.082% in total) that is about 8.1 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SOL-USD | 119.13 | 0.0100 | pay 0.0013% / 1h | 14m 48s | $365K | $2.4M | 20x |
| Short | dYdX SOL-USD | 119.22 | −0.0001 | pay 0.0000% / 1h | 14m 48s | $4.9M | $27.2M | 20x |
Polymarket Perps SOL-USD
dYdX SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Polymarket Perps. 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
- −$21.15
- Price spread: +0.078% → −0.017%
- $9.52
- Slippage, 4 orders
- −$9.13
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$38.76
- Costs to cover
- 0.271%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; dYdX: live order book, 4 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 Polymarket Perps live order book, 4 min ago | 0.42 bp | 5.2 bp −$5 | 5.3 bp −$53 | 16.4 bp −$1,640 | doesn't fit |
| Sell dYdX live order book, 4 min ago | 1.68 bp | 6.7 bp −$7 | 30.6 bp −$306 | 60.9 bp −$6,088 | 136.1 bp −$68.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERP | −0.0334% | 1h | 119.13 | −0.001% | $37K | $17K | 25x | as long as short |
| Derive SOL-PERP | −0.0107% | 1h | 119.06 | −0.058% | $2.0M | $3.0M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.13 | +0.001% | $845 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0064% | 1h | 119.10 | −0.022% | — | $722K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 119.15 | +0.017% | $112K | — | 150x | as long as short |
| dYdX SOL-USDshort | −0.0001% | 1h | 119.22 | +0.078% | $4.9M | $27.2M | 20x | |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.20 | +0.061% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.18 | +0.039% | $177K | $4.0M | 8.3x | as long as short |
| Hibachi SOL/USDT-P | +0.0048% | 1h | 119.26 | +0.112% | $119K | $612K | 20x | as long as short |
| Phoenix SOL | +0.0054% | 1h | 119.28 | +0.126% | $6.5M | $13.6M | 25x | as long as short |
Bluefin SOL-PERP
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Hibachi SOL/USDT-P
Phoenix SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps SOLUSD | +0.0067% | 1h | 119.26 | +0.107% | $24K | $47K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0068% | 8h | 119.16 | +0.029% | $1.1M | $5.9M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 119.16 | +0.025% | $104K | $155K | 20x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.17 | +0.033% | — | $10.5M | — | as long as short |
| HTX SOL-USDT | +0.0081% | 8h | 119.17 | +0.034% | $232.0M | $45.0M | 75x | as long as short |
| Gate SOL_USDT | +0.0092% | 8h | 119.18 | +0.042% | $870.0M | $686.6M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.15 | +0.019% | $13.6M | $55.9M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.16 | +0.029% | $2.1M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.17 | +0.031% | $353K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.10 | −0.029% | $1.0M | $522K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.14 | +0.008% | $46K | $798K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.12 | −0.007% | $6.1M | $41.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.27 | +0.118% | $718.5M | $417.2M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.17 | +0.034% | $178.4M | $176.7M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.20 | +0.056% | $12.3M | $118.5M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.15 | +0.013% | $984.0M | $3.81B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.18 | +0.042% | $827.2M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.13 | 0.000% | $372.6M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.19 | +0.050% | $233K | $886K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.18 | +0.039% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.28 | +0.128% | $133.9M | $7.8M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.16 | +0.025% | $459.7M | $1.12B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.15 | +0.020% | $140.1M | $201.8M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.18 | +0.039% | $495.6M | $455.5M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.21 | +0.067% | $24.1M | $38.4M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.22 | +0.076% | $27.3M | $128.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.23 | +0.087% | $95.8M | $401.7M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.17 | +0.034% | $48.8M | $31.7M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.19 | +0.051% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.26 | +0.109% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USDlong | +0.0100% | 1h | 119.13 | long leg | $365K | $2.4M | 20x | |
| Bullet SOL-USD | +0.0100% | 1h | 119.13 | −0.003% | $201K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.13 | −0.002% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.19 | +0.050% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.19 | +0.050% | $46.6M | $102.4M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.15 | +0.017% | $8.7M | $36.3M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.23 | +0.088% | $8.2M | $416.4M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.15 | +0.020% | — | $224.2M | 500x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0150% | 1h | 119.24 | +0.090% | $32.7M | $96.0M | 100x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0161% | 1h | 119.26 | +0.109% | $26.7M | $27.7M | 50x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0170% / S −0.0072% | 1h | 119.15 | +0.016% | $3.7M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0182% | 1h | 119.11 | −0.013% | $1.1M | $552K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.16 | +0.029% | $1.7M | $5.8M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.38 | +0.210% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.20 | +0.059% | $52.1M | $82.8M | 125x | as long as short |
Aftermath Perps SOLUSD
Orderly PERP_SOL_USDC
01 Exchange SOLUSD
BingX SOL-USDC
HTX SOL-USDT
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
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
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Bullet SOL-USD
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Kraken Futures PF_SOLUSD
Deribit SOL_USDC-PERPETUAL
GMX SOL/USD [SOL-USDC]
Reya SOLRUSDPERP
RISEx SOL/USDC
Injective SOL/USDC PERP
BloFin SOL-USDT