Funding you earn now, next payment 08:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h −0.001%
Price spread now: Bybit against Arcus+0.013%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$190.185% of the position
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.013%, 7d avg −0.026%
=The price spread pays, funding is against you. Bybit is 0.039% dearer against Arcus than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.026%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 4 days (−0.010% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.010% in total (about -1.0% a year). A funding rate is set anew for every payment. 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 | Arcus SOL-USD | 116.22 | 0.0100 | pay 0.0013% / 1h | 59m 57s | $919K | $8.5M | 20x |
| Short | Bybit SOLUSDT | 116.23 | −0.0092 | pay 0.0092% / 8h | 7h 59m | $731.4M | $1.43B | 100x |
Arcus SOL-USD
Bybit SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Arcus. 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
- −$40.26
- Price spread: +0.013% → −0.026%
- $3.86
- Slippage, 4 orders
- −$3.01
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$54.91
- Costs to cover
- 0.185%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 min ago; Bybit: 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 Arcus live order book, 4 min ago | 0.22 bp | 2.8 bp −$3 | 3.6 bp −$36 | 9.1 bp −$912 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.43 bp | 6.5 bp −$6 | 7.0 bp −$70 | 11.3 bp −$1,133 | 23.3 bp −$11.6K |
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_SOLUSD | −0.0153% | 1h | 116.25 | +0.029% | $32.3M | $106.8M | 100x | as long as short |
| Bybit SOLUSDTshort | −0.0092% | 8h | 116.23 | +0.013% | $731.4M | $1.43B | 100x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.31 | +0.083% | $1K | $8K | 25x | as long as short |
| Injective SOL/USDC PERP | −0.0055% | 1h | 116.34 | +0.108% | $4K | $2K | 12x | as long as short |
| Vest SOL-PERP | −0.0021% | 1h | 116.18 | −0.033% | — | $649K | 20x | as long as short |
| Derive SOL-PERP | −0.0008% | 1h | 116.14 | −0.069% | $1.8M | $3.0M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.23 | +0.016% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.24 | +0.023% | $1.4M | $19.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.21 | −0.001% | $99K | $3.5M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 116.27 | +0.051% | $26.2M | $21.7M | 50x | as long as short |
Kraken Futures PF_SOLUSD
Hotstuff SOL-PERP
Injective SOL/USDC PERP
Vest SOL-PERP
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Deribit SOL_USDC-PERPETUALShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX SOL-USD | +0.0007% | 1h | 116.26 | +0.042% | $4.3M | $23.5M | 20x | as long as short |
| Bitget SOLUSDT | +0.0024% | 8h | 116.23 | +0.010% | $479.8M | $455.5M | 100x | as long as short |
| Hibachi SOL/USDT-P | +0.0024% | 1h | 116.24 | +0.024% | $102K | $678K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.24 | +0.025% | $7.7M | $396.8M | 50x | as long as short |
| Aster SOLUSDT | +0.0053% | 8h | 116.25 | +0.030% | $176.7M | $168.5M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0070% | 8h | 116.22 | +0.009% | $1.0M | $6.1M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0080% | 1h | 116.25 | +0.030% | $100K | $181K | 20x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.24 | +0.024% | $13.1M | $61.0M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.23 | +0.011% | $2.1M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.19 | −0.019% | $350K | $256K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0096% | 8h | 116.23 | +0.009% | $1.0M | $554K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 116.19 | −0.022% | $64K | $912K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.19 | −0.020% | $5.4M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.34 | +0.108% | $695.8M | $408.5M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.25 | +0.026% | $15.7M | $130.1M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.25 | +0.031% | $962.1M | $3.86B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.23 | +0.013% | $366.3M | $1.76B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.20 | −0.013% | $217K | $854K | 10x | as long as short |
| Arcus SOL-USDlong | +0.0100% | 1h | 116.22 | long leg | $919K | $8.5M | 20x | |
| Bulk SOL-USD | +0.0100% | 1h | 116.25 | +0.030% | $125.4M | $25.1M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.21 | −0.004% | $843.5M | $672.4M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.25 | +0.030% | $370.6M | $1.07B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.24 | +0.020% | $129.3M | $236.7M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.20 | −0.015% | — | $10.7M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.26 | +0.039% | $22.9M | $35.7M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.15 | −0.057% | $24.8M | $107.3M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.16 | −0.045% | $93.3M | $405.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.24 | +0.021% | $47.6M | $29.1M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.19 | −0.017% | $1.2M | $6.7M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.20 | −0.013% | $1.3M | $11.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.24 | +0.022% | $318K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.23 | +0.012% | $282K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.22 | +0.005% | $27K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.21 | −0.005% | $189K | $1.7M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.22 | +0.004% | $6.1M | $11.0M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.17 | −0.042% | $225.0M | $50.7M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.25 | +0.030% | $45.2M | $104.1M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.20 | −0.015% | $8.2M | $36.6M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.25 | +0.030% | — | $232.6M | 500x | as long as short |
| Phoenix SOL | +0.0130% | 1h | 116.26 | +0.039% | $6.5M | $13.6M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0196% | 1h | 116.15 | −0.060% | $1.1M | $545K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.18 | −0.030% | $52.0M | $64.8M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.23 | +0.014% | $3.5M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0429% | 1h | 116.26 | +0.041% | $25K | $57K | 20x | as long as short |
| RISEx SOL/USDC | +0.0485% | 1h | 116.27 | +0.045% | $2.1M | $4.7M | 20x | as long as short |
dYdX SOL-USD
Bitget SOLUSDT
Hibachi SOL/USDT-P
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
Orderly PERP_SOL_USDC
01 Exchange SOLUSD
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDC
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
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
RISEx SOL/USDC