Funding you earn now, next payment 06:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Bulk+0.222%7-day average −0.004% · 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−$5as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 4 days (all we have)−0.006%−$1 on $10k
+Price spread, last 7 days−0.208%−$21 · spread now +0.222%, 7d avg −0.004%
=The price spread pays, funding is against you. Bybit is 0.226% dearer against Bulk than usual: you sell high and buy low (spread +0.222% now, against its 7-day average of −0.004%): +$23 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 4 days (−0.006% in total) that is about 4 months.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.006% in total (about -0.6% 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 | Bulk SOL-USD | 115.85 | 0.0100 | pay 0.0013% / 1h | 21m 00s | $123.9M | $22.0M | 20x |
| Short | Bybit SOLUSDT | 116.11 | −0.0110 | pay 0.0110% / 8h | 2h 21m | $741.7M | $1.42B | 100x |
Bulk SOL-USD
Bybit SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bulk. 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
- −$44.05
- Price spread: +0.222% → −0.004%
- $22.59
- Slippage, 4 orders
- −$9.75
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$49.21
- Costs to cover
- 0.277%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 3 min ago; Bybit: live order book, 3 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 Bulk live order book, 3 min ago | 4.32 bp | 7.8 bp −$8 | 7.8 bp −$78 | 7.8 bp −$782 | 7.8 bp −$3,908 |
| Sell Bybit live order book, 3 min ago | 0.43 bp | 6.2 bp −$6 | 7.3 bp −$73 | 12.6 bp −$1,260 | 23.8 bp −$11.9K |
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 | −0.0241% | 1h | 116.00 | +0.132% | $31.7M | $102.7M | 100x | as long as short |
| Hibachi SOL/USDT-P | −0.0144% | 1h | 116.02 | +0.144% | $104K | $693K | 20x | as long as short |
| BingX SOL-USDC | −0.0116% | 8h | 116.06 | +0.180% | — | $10.6M | — | as long as short |
| Bybit SOLUSDTshort | −0.0110% | 8h | 116.11 | +0.222% | $741.7M | $1.42B | 100x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.49 | +0.550% | $1K | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0065% | 1h | 116.06 | +0.177% | — | $625K | 20x | as long as short |
| Derive SOL-PERP | −0.0015% | 1h | 115.95 | +0.082% | $1.9M | $2.9M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.04 | +0.161% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.15 | +0.261% | $1.5M | $19.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.10 | +0.211% | $113K | $3.7M | 8.3x | as long as short |
Kraken Futures PF_SOLUSD
Hibachi SOL/USDT-P
BingX SOL-USDC
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 | +0.0010% | 1h | 116.07 | +0.188% | $4.3M | $24.0M | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0024% | 1h | 116.12 | +0.232% | $98K | $176K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.03 | +0.153% | $7.7M | $403.6M | 50x | as long as short |
| Bitget SOLUSDT | +0.0065% | 8h | 116.13 | +0.239% | $478.6M | $457.3M | 100x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0094% | 1h | 116.05 | +0.174% | $26.2M | $22.0M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0096% | 8h | 116.03 | +0.152% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 115.99 | +0.122% | $12.9M | $61.2M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.00 | +0.126% | $2.2M | $16.9M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 115.98 | +0.107% | $349K | $247K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 116.04 | +0.163% | $64K | $912K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 116.07 | +0.190% | $1.0M | $550K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.08 | +0.198% | $5.2M | $40.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.20 | +0.301% | $691.0M | $403.4M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 116.11 | +0.226% | $175.5M | $180.3M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.11 | +0.225% | $15.6M | $130.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.12 | +0.232% | $967.8M | $3.88B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.14 | +0.249% | $361.7M | $1.73B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.06 | +0.180% | $216K | $874K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.11 | +0.227% | $912K | $8.8M | 20x | as long as short |
| Bulk SOL-USDlong | +0.0100% | 1h | 115.85 | long leg | $123.9M | $22.0M | 20x | |
| Gate SOL_USDT | +0.0100% | 8h | 116.02 | +0.145% | $842.6M | $669.9M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.17 | +0.275% | $357.8M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.15 | +0.260% | $125.4M | $230.0M | 75x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.03 | +0.154% | $22.9M | $38.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 115.99 | +0.123% | $24.8M | $114.3M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 115.75 | −0.092% | $92.9M | $407.5M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 115.84 | −0.010% | $47.4M | $30.7M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 115.75 | −0.085% | $1.1M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 115.93 | +0.068% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.08 | +0.197% | $320K | $2.7M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.05 | +0.171% | $147K | $1.6M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.01 | +0.136% | $25K | $33K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.09 | +0.202% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.01 | +0.137% | $6.1M | $10.9M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 115.98 | +0.115% | $224.7M | $50.0M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.03 | +0.154% | $45.2M | $104.8M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.11 | +0.221% | $8.0M | $39.1M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 116.09 | +0.206% | — | $238.0M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 115.66 | −0.165% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0179% | 1h | 115.69 | −0.140% | $6.5M | $13.7M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0193% | 1h | 116.05 | +0.173% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.10 | +0.214% | $51.8M | $67.9M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0173% | 1h | 116.03 | +0.153% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0547% | 1h | 116.15 | +0.261% | $2.1M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0576% | 1h | 115.90 | +0.045% | $25K | $53K | 20x | as long as short |
dYdX SOL-USD
01 Exchange SOLUSD
Coinbase International SOL-PERP-INTX
Bitget SOLUSDT
Deribit SOL_USDC-PERPETUAL
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
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
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD