Funding you earn now, next payment 05:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.035%
Price spread now: Binance against Derive+0.066%7-day average +0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.066%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.022% dearer against Derive than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive SOL-PERP | 116.17 | −0.0030 | get 0.0004% / 1h | 9m 26s | $1.9M | $2.9M | 13x |
| Short | Binance SOLUSDT | 116.25 | 0.0100 | get 0.0100% / 8h | 3h 09m | $969.1M | $3.83B | 100x |
Derive SOL-PERP
Binance SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Derive. 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
- $27.25
- Price spread: +0.066% → +0.044%
- $2.22
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $13.47
- Costs to cover
- 0.160%
- Break-even
- 3.5 days
Slippage unknown: Derive: no order-book sample; Binance: live order book, 5 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 5 min ago | 0.43 bp | 5.4 bp −$5 | 5.5 bp −$55 | 9.3 bp −$929 | 19.4 bp −$9,692 |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi SOL/USDT-P | −0.0208% | 1h | 116.38 | +0.183% | $104K | $703K | 20x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0193% | 1h | 116.42 | +0.214% | $31.4M | $102.3M | 100x | as long as short |
| Vest SOL-PERP | −0.0107% | 1h | 116.30 | +0.113% | — | $601K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.41 | +0.205% | $1K | $8K | 25x | as long as short |
| Bybit SOLUSDT | −0.0069% | 8h | 116.15 | −0.014% | $748.0M | $1.40B | 100x | as long as short |
| Derive SOL-PERPlong | −0.0030% | 1h | 116.17 | long leg | $1.9M | $2.9M | 13x | |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.26 | +0.078% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.40 | +0.202% | $1.4M | $19.1M | 3.1x | as long as short |
| dYdX SOL-USD | +0.0010% | 1h | 116.43 | +0.224% | $4.4M | $24.2M | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.42 | +0.215% | $7.6M | $404.5M | 50x | as long as short |
Hibachi SOL/USDT-P
Kraken Futures PF_SOLUSD
Vest SOL-PERP
Hotstuff SOL-PERP
Bybit SOLUSDT
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
dYdX SOL-USD
Coinbase International SOL-PERP-INTXShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet SOL-USD | +0.0063% | 1h | 116.24 | +0.057% | $147K | $1.6M | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0064% | 1h | 116.38 | +0.181% | $99K | $175K | 20x | as long as short |
| Bitget SOLUSDT | +0.0089% | 8h | 116.29 | +0.103% | $480.0M | $447.1M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0094% | 8h | 116.26 | +0.078% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.44 | +0.234% | $13.1M | $60.5M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.41 | +0.209% | $2.2M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.24 | +0.063% | $350K | $247K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 116.36 | +0.164% | $61K | $896K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 116.46 | +0.249% | $1.0M | $551K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.42 | +0.219% | $5.4M | $40.4M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.45 | +0.240% | $701.3M | $394.8M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 116.25 | +0.066% | $174.1M | $183.3M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.45 | +0.238% | $15.8M | $130.3M | 20x | as long as short |
| Binance SOLUSDTshort | +0.0100% | 8h | 116.25 | +0.066% | $969.1M | $3.83B | 100x | |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.23 | +0.052% | $367.3M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.37 | +0.172% | $224K | $852K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.42 | +0.212% | $920K | $8.8M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.46 | +0.250% | $132.4M | $15.1M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.23 | +0.052% | $853.4M | $668.9M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.24 | +0.060% | $366.7M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.30 | +0.116% | $128.5M | $224.2M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.20 | +0.027% | — | $10.6M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.39 | +0.190% | $23.0M | $40.2M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.28 | +0.098% | $25.0M | $114.0M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.48 | +0.266% | $93.5M | $400.9M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.47 | +0.258% | $47.7M | $30.8M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.54 | +0.315% | $1.3M | $6.7M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.40 | +0.198% | $1.3M | $12.3M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.33 | +0.138% | $319K | $2.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.24 | +0.058% | $25K | $31K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.36 | +0.168% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.39 | +0.190% | $6.1M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.35 | +0.152% | $225.4M | $48.2M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.40 | +0.198% | $45.3M | $103.2M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.32 | +0.133% | $8.3M | $37.8M | 50x | as long as short |
| Injective SOL/USDC PERP | +0.0107% | 1h | 116.70 | +0.456% | $4K | $2K | 12x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 116.42 | +0.215% | — | $235.7M | 500x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0125% | 1h | 116.44 | +0.229% | $26.2M | $23.1M | 50x | as long as short |
| Phoenix SOL | +0.0151% | 1h | 116.60 | +0.370% | $6.5M | $13.8M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0192% | 1h | 116.28 | +0.098% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.42 | +0.215% | $51.9M | $67.2M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0235% / S −0.0179% | 1h | 116.25 | +0.069% | $3.6M | — | 200x | as long as short |
| Perpl SOL | +0.0335% | 43m | 116.42 | +0.212% | $129K | $3.7M | 8.3x | as long as short |
| RISEx SOL/USDC | +0.0561% | 1h | 116.44 | +0.235% | $1.9M | $4.8M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0577% | 1h | 116.50 | +0.282% | $25K | $52K | 20x | as long as short |
Bullet SOL-USD
01 Exchange SOLUSD
Bitget SOLUSDT
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
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDC
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Injective SOL/USDC PERP
Jupiter Perps SOL-PERP
Deribit SOL_USDC-PERPETUAL
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Perpl SOL
RISEx SOL/USDC
Aftermath Perps SOLUSD