SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.016%

Price spread now: dYdX against Deribit−0.059%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Deribit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 3 days (all we have)+0.181%+$18 · spread now −0.059%, 7d avg −0.009%

Together, before fees+0.152%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.050% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	119.30	0.0094	pay 0.0012% / 1h	19m 19s	$26.7M	$27.7M	50x
Short	dYdX SOL-USD	119.23	−0.0001	pay 0.0000% / 1h	19m 19s	$4.9M	$27.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$19.87
Price spread: −0.059% → −0.009%: −$5
Slippage, 4 orders: −$13.33
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$55.2
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; dYdX: live order book, 5 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, 5 min ago	0.04 bp	3.5 bp −$4	5.9 bp −$59	22.8 bp −$2,278	doesn't fit
Sell dYdX live order book, 5 min ago	6.28 bp	11.3 bp −$11	15.8 bp −$158	38.0 bp −$3,804	99.3 bp −$49.6K

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
Bluefin SOL-PERP	−0.0404%	1h	119.26	−0.036%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.17	−0.112%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.20	−0.082%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.24	−0.050%	—	$722K	20x	as long as short
dYdX SOL-USDshort	−0.0001%	1h	119.23	−0.059%	$4.9M	$27.2M	20x
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.30	−0.003%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.30	−0.003%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.28	−0.013%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	119.39	+0.078%	$120K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	+0.050%	$6.5M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0066%	1h	119.31	+0.008%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.27	−0.023%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.32	+0.016%	$104K	$155K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.29	−0.010%	—	$374.6M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.17	−0.108%	$232.0M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0090%	8h	119.28	−0.017%	$870.6M	$685.4M	100x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0094%	1h	119.30	long leg	$26.7M	$27.7M	50x
Lighter SOL	+0.0096%	1h	119.24	−0.053%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.20	−0.084%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.22	−0.067%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.20	−0.083%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.23	−0.059%	$46K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.20	−0.080%	$6.1M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.39	+0.075%	$719.3M	$417.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.26	−0.034%	$178.5M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.27	−0.022%	$12.3M	$118.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.29	−0.011%	$985.5M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.29	−0.009%	$826.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.24	−0.051%	$372.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.20	−0.084%	$234K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.30	−0.002%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.28	−0.016%	$133.9M	$7.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.29	−0.009%	$457.0M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.30	+0.001%	$140.4M	$202.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.24	−0.050%	$495.6M	$455.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.18	−0.101%	$24.1M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.34	+0.033%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.38	+0.064%	$95.9M	$401.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.29	−0.009%	$48.8M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.36	+0.051%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.26	−0.034%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.30	−0.001%	$368K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.28	−0.021%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.24	−0.053%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.16	−0.118%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.21	−0.076%	$46.6M	$102.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.22	−0.070%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.18	−0.098%	$8.1M	$416.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.25	−0.043%	—	$224.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.17	−0.113%	$32.6M	$96.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0068%	1h	119.29	−0.010%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.29	−0.006%	$1.1M	$555K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.30	−0.004%	$1.7M	$5.9M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.066%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	+0.024%	$52.2M	$82.9M	125x	as long as short