Funding you earn now, next payment 09:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.030%
Price spread now: Orderly against Derive−0.054%57s7-day average +0.043% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.054%, 7d avg +0.043%
=Funding pays, the price is against you. Orderly is 0.096% cheaper against Derive than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.043%). If the spread goes back, that is −$10 on $10k: about 5.1 days of funding at the current rate (+$2 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive SOL-PERP | 116.38 | 0.0007 | pay 0.0001% / 1h | 56m 00s | $1.9M | $3.0M | 13x |
| Short | Orderly PERP_SOL_USDC | 116.32 | 0.0070 | get 0.0070% / 8h | 7h 56m | $1.0M | $6.0M | 100x |
Derive SOL-PERP
Orderly PERP_SOL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $13.23
- Price spread: −0.054% → +0.043%
- −$9.65
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$8.41
- Costs to cover
- 0.120%
- Break-even
- 11.4 days
Slippage unknown: Derive: no order-book sample; Orderly: 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 Derive no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Derive and Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex SOLUSDT | −0.0291% | 8h | 116.24 | −0.121% | $45.2M | $103.9M | 50x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.33 | −0.045% | $1K | $8K | 25x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0057% | 1h | 116.18 | −0.171% | $32.2M | $106.9M | 100x | as long as short |
| Vest SOL-PERP | −0.0018% | 1h | 116.34 | −0.037% | — | $636K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.32 | −0.053% | $42K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 116.41 | +0.025% | $4.3M | $23.4M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.34 | −0.037% | $1.4M | $19.4M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.39 | +0.011% | $101K | $3.4M | 8.3x | as long as short |
| Derive SOL-PERPlong | +0.0007% | 1h | 116.38 | long leg | $1.9M | $3.0M | 13x | |
| Deribit SOL_USDC-PERPETUAL | +0.0018% | 1h | 116.36 | −0.015% | $26.2M | $22.0M | 50x | as long as short |
Phemex SOLUSDT
Hotstuff SOL-PERP
Kraken Futures PF_SOLUSD
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOL
Deribit SOL_USDC-PERPETUALShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SOLUSDT | +0.0024% | 8h | 116.05 | −0.284% | $478.9M | $456.4M | 100x | as long as short |
| Hibachi SOL/USDT-P | +0.0040% | 1h | 116.46 | +0.069% | $103K | $679K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0040% | 1h | 116.23 | −0.132% | $7.8M | $396.1M | 50x | as long as short |
| Aster SOLUSDT | +0.0054% | 8h | 116.15 | −0.199% | $176.5M | $169.2M | 100x | as long as short |
| Bybit SOLUSDT | +0.0064% | 8h | 116.11 | −0.237% | $730.1M | $1.42B | 100x | as long as short |
| Orderly PERP_SOL_USDCshort | +0.0070% | 8h | 116.32 | −0.054% | $1.0M | $6.0M | 100x | |
| Lighter SOL | +0.0096% | 1h | 116.20 | −0.158% | $13.1M | $55.7M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.18 | −0.170% | $2.1M | $14.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.30 | −0.069% | $351K | $256K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0096% | 8h | 116.44 | +0.053% | $1.0M | $554K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 116.35 | −0.027% | $64K | $903K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.32 | −0.050% | $5.4M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.28 | −0.087% | $694.5M | $409.9M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.47 | +0.074% | $15.7M | $130.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.13 | −0.216% | $960.7M | $3.86B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.09 | −0.250% | $365.9M | $1.76B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.41 | +0.025% | $219K | $856K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.41 | +0.020% | $920K | $8.5M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.33 | −0.047% | $125.6M | $25.5M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.26 | −0.104% | $846.3M | $604.9M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.20 | −0.156% | $371.7M | $1.05B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.19 | −0.169% | $129.3M | $237.0M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.17 | −0.182% | — | $10.7M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.17 | −0.182% | $22.8M | $36.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.15 | −0.199% | $24.8M | $107.3M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.23 | −0.127% | $93.4M | $404.2M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.27 | −0.097% | $47.6M | $29.1M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.27 | −0.093% | $1.2M | $6.7M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.42 | +0.033% | $1.3M | $11.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.38 | −0.001% | $318K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.34 | −0.039% | $282K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.32 | −0.054% | $27K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.38 | −0.002% | $189K | $1.7M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.17 | −0.182% | $6.1M | $11.0M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.17 | −0.185% | $224.9M | $50.7M | 75x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.26 | −0.100% | $8.2M | $36.7M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.46 | +0.070% | — | $232.1M | 500x | as long as short |
| 01 Exchange SOLUSD | +0.0128% | 1h | 116.44 | +0.050% | $100K | $181K | 20x | as long as short |
| Phoenix SOL | +0.0130% | 1h | 116.35 | −0.027% | $6.5M | $13.4M | 25x | as long as short |
| Injective SOL/USDC PERP | +0.0179% | 1h | 116.34 | −0.036% | $4K | $124 | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0196% | 1h | 116.29 | −0.076% | $1.1M | $545K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.45 | +0.059% | $52.1M | $64.5M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.31 | −0.060% | $3.5M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0425% | 1h | 116.30 | −0.071% | $25K | $57K | 20x | as long as short |
| RISEx SOL/USDC | +0.0480% | 1h | 116.47 | +0.080% | $2.1M | $4.7M | 20x | as long as short |
Bitget SOLUSDT
Hibachi SOL/USDT-P
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
Bybit SOLUSDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
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
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Extended SOL-USD
Jupiter Perps SOL-PERP
01 Exchange SOLUSD
Phoenix SOL
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
RISEx SOL/USDC