Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0127%/8h= −13.9% APRnext payment $0.16 per $10,000 · paid last 24h −0.076%
Price spread now: Derive against Bluefin−0.059%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.593%+$59 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Derive is 0.059% cheaper against Bluefin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.593%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin SOL-PERP117.730.0100pay 0.0013% / 1h21m 15s$37K$16K25x
ShortDerive SOL-PERP117.66−0.0027pay 0.0003% / 1h21m 15s$2.0M$2.8M13x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against Bluefin. 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

Funding earned
−$26.63
Price spread: −0.059% → 0.000%
−$5.94
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Derive: 3 bp × 2 orders
−$6
Net
−$45.57
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Bluefin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample
Sell Derive no order-book sample
Bluefin 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 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h117.76+0.030%$921$8K25xas long as short
Vest SOL-PERP−0.0067%1h117.75+0.016%$607K20xas long as short
Derive SOL-PERPshort−0.0027%1h117.66−0.059%$2.0M$2.8M13x
Hibachi SOL/USDT-P−0.0016%1h118.00+0.229%$101K$691K20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h117.75+0.017%$53K150xas long as short
dYdX SOL-USD0.0000%1h117.79+0.049%$4.5M$24.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.84+0.095%$1.4M$20.9M3.1xas long as short
Deribit SOL_USDC-PERPETUAL+0.0012%1h117.75+0.017%$26.4M$25.5M50xas long as short
RISEx SOL/USDC+0.0018%1h117.77+0.034%$2.0M$4.7M20xas long as short
ApeX Omni SOLUSDT+0.0030%1h117.91+0.155%$1.5M$6.0M50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD+0.0049%1h117.72−0.012%$31.6M$98.9M100xas long as short
Gate SOL_USDT+0.0050%8h117.77+0.035%$851.9M$663.0M100xas long as short
HTX SOL-USDT+0.0052%8h117.71−0.014%$228.8M$45.5M75xas long as short
Coinbase International SOL-PERP-INTX+0.0072%1h117.71−0.014%$8.0M$409.2M50xas long as short
BingX SOL-USDC+0.0080%8h117.70−0.020%$10.6Mas long as short
Orderly PERP_SOL_USDC+0.0087%8h117.74+0.007%$1.1M$5.8M100xas long as short
Lighter SOL+0.0096%1h117.70−0.024%$13.1M$60.1M25xas long as short
Lighter RH SOL+0.0096%1h117.70−0.023%$2.1M$16.8M25xas long as short
01 Exchange SOLUSD+0.0096%1h117.78+0.043%$103K$159K20xas long as short
Aevo SOL-PERP+0.0096%1h117.73−0.002%$345K$258K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.77+0.034%$1.0M$519K50xas long as short
Katana Perps SOL-USD+0.0100%8h117.73+0.001%$65K$855K20xas long as short
Nado SOL-PERP+0.0100%1h117.75+0.022%$5.7M$41.5M40xas long as short
Aster SOLUSDT+0.0100%8h117.74+0.011%$176.7M$179.8M100xas long as short
Pacifica SOL+0.0100%1h117.79+0.055%$14.4M$128.9M20xas long as short
Binance SOLUSDT+0.0100%8h117.68−0.041%$970.0M$3.80B100xas long as short
Bybit SOLUSDT+0.0100%8h117.70−0.025%$820.6M$1.27B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.67−0.050%$365.8M$1.67B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.71−0.016%$239K$892K10xas long as short
Arcus SOL-USD+0.0100%1h117.76+0.027%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.00+0.230%$135.1M$14.3M20xas long as short
MEXC SOL_USDT+0.0100%8h117.68−0.042%$426.0M$1.11B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.71−0.015%$131.4M$210.3M75xas long as short
Bitget SOLUSDT+0.0100%8h117.66−0.059%$487.3M$440.7M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.70−0.025%$23.8M$37.5M50xas long as short
Variational Omni SOL+0.0100%8h118.14+0.345%$24.5M$122.9Mas long as short
edgeX SOLUSDC+0.0100%4h117.93+0.173%$94.7M$404.6M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.96+0.198%$48.3M$28.8M20xas long as short
StandX SOL-USD+0.0100%1h117.96+0.196%$1.3M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.76+0.026%$354K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h117.75+0.022%$201K$1.7M20xas long as short
Bluefin SOL-PERPlong+0.0100%1h117.73long leg$37K$16K25x
SunX SOL-USDT+0.0100%8h117.76+0.023%$191K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.72−0.008%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.71−0.016%$45.9M$101.4M50xas long as short
Phoenix SOL+0.0101%1h118.11+0.324%$6.5M$13.5M25xas long as short
Extended SOL-USD+0.0104%1h117.69−0.035%$8.1M$36.2M50xas long as short
Hyperliquid SOL+0.0105%1h117.88+0.128%$720.8M$400.0M20xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.74+0.012%$226.2M500xas long as short
Reya SOLRUSDPERP+0.0188%1h117.75+0.019%$1.1M$523K25xas long as short
Injective SOL/USDC PERP+0.0222%1h117.87+0.120%$4K$2K12xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0174%1h117.75+0.016%$3.6M200xas long as short
Aftermath Perps SOLUSD+0.0336%1h117.91+0.152%$25K$51K20xas long as short
Perpl SOL+0.0447%43m117.82+0.079%$129K$3.9M8.3xas long as short