SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h +0.023%

Price spread now: Coinbase International against Deribit−0.029%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.029%, 7d avg −0.003%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Coinbase International is 0.026% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	116.61	0.0073	pay 0.0009% / 1h	43m 01s	$26.3M	$25.3M	50x
Short	Coinbase International SOL-PERP-INTX	116.57	0.0064	get 0.0008% / 1h	43m 01s	$7.5M	$404.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$1.98
Price spread: −0.029% → −0.003%: −$2.55
Slippage, 4 orders: −$4.12
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$25.65
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; Coinbase International: 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 Deribit live order book, 1 min ago	0.30 bp	5.4 bp −$5	6.1 bp −$61	14.6 bp −$1,459	doesn't fit
Sell Coinbase International live order book, 1 min ago	0.04 bp	5.1 bp −$5	8.9 bp −$89	16.7 bp −$1,665	182.6 bp −$91.3K

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
Vest SOL-PERP	−0.0089%	1h	116.57	−0.027%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.78	+0.144%	$913	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	116.78	+0.149%	$103K	$700K	20x	as long as short
Derive SOL-PERP	−0.0016%	1h	116.47	−0.116%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.59	−0.015%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.72	+0.097%	$1.4M	$18.7M	3.1x	as long as short
dYdX SOL-USD	0.0000%	1h	116.70	+0.078%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.63	+0.020%	$99K	$169K	20x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0064%	1h	116.57	−0.029%	$7.5M	$404.3M	50x
Deribit SOL_USDC-PERPETUALlong	+0.0073%	1h	116.61	long leg	$26.3M	$25.3M	50x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.56	−0.038%	$31.0M	$100.3M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.57	−0.035%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.57	−0.030%	$13.1M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.56	−0.039%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.57	−0.032%	$342K	$236K	20x	as long as short
Katana Perps SOL-USD	+0.0098%	8h	116.56	−0.040%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.74	+0.114%	$989K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.57	−0.032%	$5.4M	$39.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.64	+0.029%	$705.8M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.57	−0.033%	$175.2M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.75	+0.119%	$15.7M	$129.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.45	−0.134%	$963.9M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.46	−0.126%	$787.5M	$1.33B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.46	−0.126%	$366.7M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.66	+0.046%	$232K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.51	−0.083%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.65	+0.037%	$133.5M	$20.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.55	−0.049%	$846.0M	$655.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.41	−0.169%	$418.8M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.40	−0.178%	$126.0M	$217.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.37	−0.205%	$478.0M	$441.4M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.42	−0.157%	—	$364.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	−0.057%	$23.3M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.49	−0.097%	$24.4M	$114.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.46	−0.122%	$93.5M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.011%	$47.7M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.67	+0.058%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.62	+0.011%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.59	−0.014%	$322K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.56	−0.043%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.53	−0.067%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.61	+0.002%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.56	−0.040%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.51	−0.086%	$226.0M	$46.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.62	+0.011%	$45.6M	$101.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.32	−0.245%	$7.9M	$36.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.70	+0.080%	—	$228.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.040%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.52	−0.074%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.53	−0.066%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.56	−0.040%	$51.7M	$72.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.58	−0.025%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.62	+0.009%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0501%	1h	116.72	+0.100%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.70	+0.083%	$1.9M	$4.9M	20x	as long as short