Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.036%
Price spread now: Coinbase International against Derive+0.037%57s7-day average +0.054% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.037%, 7d avg +0.054%
Together, before fees+0.012%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive SOL-PERP116.45−0.0011get 0.0001% / 1h17m 17s$1.9M$2.9M13x
ShortCoinbase International SOL-PERP-INTX116.490.0048get 0.0006% / 1h17m 17s$7.7M$405.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Derive. 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

Funding earned
$12.38
Price spread: +0.037% → +0.054%
−$1.69
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$5.31
Costs to cover
0.160%
Break-even
10.0 days
Slippage unknown: Derive: no order-book sample; Coinbase International: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell Coinbase International live order book, 2 min ago0.04 bp7.2 bp −$710.1 bp −$10117.0 bp −$1,705508.0 bp −$254.0K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD−0.0240%1h116.49+0.031%$31.9M$102.9M100xas long as short
Hibachi SOL/USDT-P−0.0128%1h116.50+0.038%$104K$693K20xas long as short
BingX SOL-USDT−0.0108%8h116.51+0.050%$369.3Mas long as short
Bybit SOLUSDT−0.0107%8h116.49+0.036%$740.6M$1.43B100xas long as short
Hotstuff SOL-PERP−0.0080%1h116.57+0.099%$1K$8K25xas long as short
Vest SOL-PERP−0.0052%1h116.51+0.048%$625K20xas long as short
Derive SOL-PERPlong−0.0011%1h116.45long leg$1.9M$2.9M13x
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.52+0.061%$42K150xas long as short
Kalshi KXSOLPERP0.0000%8h116.50+0.044%$1.5M$19.4M3.1xas long as short
Perpl SOL0.0000%43m116.54+0.078%$113K$3.7M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SOL-USD+0.0009%1h116.49+0.030%$4.3M$24.0M20xas long as short
01 Exchange SOLUSD+0.0032%1h116.55+0.085%$100K$178K20xas long as short
Coinbase International SOL-PERP-INTXshort+0.0048%1h116.49+0.037%$7.7M$405.4M50x
Bitget SOLUSDT+0.0064%8h116.50+0.045%$479.9M$460.3M100xas long as short
Orderly PERP_SOL_USDC+0.0096%8h116.53+0.071%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h116.48+0.025%$13.0M$61.3M25xas long as short
Lighter RH SOL+0.0096%1h116.50+0.040%$2.2M$17.0M25xas long as short
Aevo SOL-PERP+0.0096%1h116.52+0.057%$350K$247K20xas long as short
Katana Perps SOL-USD+0.0099%8h116.52+0.059%$64K$912K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h116.59+0.121%$1.0M$550K50xas long as short
Nado SOL-PERP+0.0100%1h116.51+0.051%$5.2M$40.7M40xas long as short
Hyperliquid SOL+0.0100%1h116.63+0.154%$696.9M$406.5M20xas long as short
Aster SOLUSDT+0.0100%8h116.53+0.066%$175.7M$176.8M100xas long as short
Pacifica SOL+0.0100%1h116.54+0.078%$15.7M$130.5M20xas long as short
Binance SOLUSDT+0.0100%8h116.53+0.064%$972.1M$3.89B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.51+0.050%$364.2M$1.75B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.40−0.044%$216K$878K10xas long as short
Arcus SOL-USD+0.0100%1h116.60+0.124%$913K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h115.85−0.515%$123.9M$22.0M20xas long as short
Gate SOL_USDT+0.0100%8h116.54+0.076%$843.0M$672.7M100xas long as short
MEXC SOL_USDT+0.0100%8h116.52+0.059%$354.7M$1.08B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.53+0.069%$126.6M$230.4M75xas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.50+0.042%$23.0M$38.0M50xas long as short
Variational Omni SOL+0.0100%8h115.99−0.392%$24.8M$114.3Mas long as short
edgeX SOLUSDC+0.0100%4h116.07−0.331%$93.2M$407.9M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.40−0.042%$47.7M$30.8M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.44−0.006%$1.2M$6.8M50xas long as short
StandX SOL-USD+0.0100%1h116.45−0.001%$1.3M$12.0M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.52+0.059%$319K$2.7M20xas long as short
Bullet SOL-USD+0.0100%1h116.52+0.056%$169K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.54+0.073%$25K$33K25xas long as short
SunX SOL-USDT+0.0100%8h116.49+0.030%$189K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.48+0.025%$6.1M$10.9M20xas long as short
HTX SOL-USDT+0.0100%8h116.34−0.095%$225.3M$50.0M75xas long as short
Phemex SOLUSDT+0.0100%8h116.46+0.008%$45.3M$105.1M50xas long as short
Extended SOL-USD+0.0104%1h116.51+0.054%$8.0M$39.3M50xas long as short
Deribit SOL_USDC-PERPETUAL+0.0108%1h116.58+0.110%$26.3M$22.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.53+0.063%$239.4M500xas long as short
Injective SOL/USDC PERP+0.0173%1h115.66−0.679%$4K$2K12xas long as short
Phoenix SOL+0.0179%1h116.37−0.070%$6.5M$13.7M25xas long as short
Reya SOLRUSDPERP+0.0193%1h116.50+0.038%$1.1M$542K25xas long as short
BloFin SOL-USDT+0.0220%8h116.44−0.010%$51.7M$68.2M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0173%1h116.51+0.052%$3.5M200xas long as short
RISEx SOL/USDC+0.0547%1h116.63+0.158%$2.1M$4.9M20xas long as short
Aftermath Perps SOLUSD+0.0559%1h116.18−0.231%$25K$55K20xas long as short