SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0184%/8h= −20.2% APRnext payment −$0.23 per $10,000 · paid last 24h −0.015%

Price spread now: Vest against Deribit−0.169%48s7-day average −0.038% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 3 days (all we have)+0.276%+$28 · spread now −0.169%, 7d avg −0.038%

Together, before fees+0.265%+ Points / potential airdropVest: Active · farm board+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Vest is 0.131% cheaper against Deribit than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.011% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. 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	Deribit SOL_USDC-PERPETUAL	119.38	0.0122	pay 0.0015% / 1h	17m 33s	$26.7M	$27.7M	50x
Short	Vest SOL-PERP	119.18	−0.0062	pay 0.0008% / 1h	17m 33s	—	$722K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now −0.169%Rate

Funding earned: −$38.73
Price spread: −0.169% → −0.038%: −$13.05
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$60.79
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 2 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 2 min ago	0.04 bp	5.0 bp −$5	5.4 bp −$54	16.7 bp −$1,666	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 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	−0.0385%	1h	119.29	−0.079%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.23	−0.128%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.25	−0.110%	$845	$8K	25x	as long as short
Vest SOL-PERPshort	−0.0062%	1h	119.18	−0.169%	—	$722K	20x
dYdX SOL-USD	−0.0001%	1h	119.29	−0.077%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.31	−0.062%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.31	−0.060%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.29	−0.078%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	119.31	−0.057%	$119K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	−0.018%	$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	+0.0065%	1h	119.31	−0.059%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0068%	8h	119.33	−0.045%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.23	−0.127%	$104K	$155K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.22	−0.131%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	119.25	−0.111%	$232.2M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0090%	8h	119.23	−0.127%	$870.3M	$685.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.24	−0.115%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.24	−0.117%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.29	−0.074%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.19	−0.162%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.24	−0.119%	$46K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.24	−0.118%	$6.1M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.34	−0.035%	$719.0M	$417.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.24	−0.121%	$178.5M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.28	−0.086%	$12.3M	$118.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.20	−0.152%	$984.5M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.24	−0.119%	$827.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.20	−0.152%	$372.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	−0.085%	$234K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.27	−0.095%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.28	−0.084%	$133.9M	$7.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.25	−0.110%	$460.1M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.26	−0.104%	$140.3M	$201.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.21	−0.143%	$495.5M	$455.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.30	−0.069%	$24.1M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.34	−0.035%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.38	−0.004%	$95.9M	$401.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.25	−0.111%	$48.8M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.36	−0.017%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.28	−0.085%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.24	−0.119%	$367K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.097%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.30	−0.071%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.32	−0.052%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.30	−0.069%	$46.6M	$102.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.22	−0.138%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.35	−0.027%	$8.2M	$416.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.29	−0.073%	—	$224.1M	500x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0122%	1h	119.38	long leg	$26.7M	$27.7M	50x
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.33	−0.041%	$32.6M	$95.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0072%	1h	119.30	−0.068%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.23	−0.126%	$1.1M	$552K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.27	−0.096%	$1.7M	$5.8M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	−0.002%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.23	−0.127%	$52.1M	$82.8M	125x	as long as short