Funding you earn now, next payment 01:00 UTC+0.0182%/8h= +20.0% APRpaid last 24h +0.036%
Price spread now: Phemex against Derive+0.133%7-day average +0.040% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)−0.150%−$15 · spread now +0.133%, 7d avg +0.040%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phemex is 0.093% dearer against Derive than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive SOL-PERP | 118.92 | −0.0082 | get 0.0010% / 1h | 6m 18s | $2.0M | $2.7M | 13x |
| Short | Phemex SOLUSDT | 119.08 | 0.0100 | get 0.0100% / 8h | 7h 06m | $46.6M | $99.5M | 50x |
Derive SOL-PERP
Phemex SOLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $38.3
- Price spread: +0.133% → +0.040%
- $9.27
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $29.58
- Costs to cover
- 0.180%
- Break-even
- 1.6 days
Slippage unknown: Derive: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 0.42 bp | 7.1 bp −$7 | 8.2 bp −$82 | 15.5 bp −$1,550 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Derive SOL-PERPlong | −0.0082% | 1h | 118.92 | long leg | $2.0M | $2.7M | 13x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.10 | +0.152% | $931 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0078% | 1h | 118.98 | +0.048% | — | $608K | 20x | as long as short |
| Hibachi SOL/USDT-P | −0.0048% | 1h | 119.17 | +0.212% | $109K | $671K | 20x | as long as short |
| HTX SOL-USDT | −0.0047% | 8h | 118.94 | +0.015% | $231.4M | $43.8M | 75x | as long as short |
| dYdX SOL-USD | −0.0017% | 1h | 119.04 | +0.098% | $4.9M | $25.5M | 20x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0014% | 1h | 119.06 | +0.114% | $32.3M | $97.0M | 100x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.02 | +0.082% | $55K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.11 | +0.161% | $1.2M | $20.0M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.99 | +0.054% | $124K | $3.9M | 8.3x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
Hibachi SOL/USDT-P
HTX SOL-USDT
dYdX SOL-USD
Kraken Futures PF_SOLUSD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSD | +0.0040% | 1h | 118.99 | +0.057% | $103K | $161K | 20x | as long as short |
| Gate SOL_USDT | +0.0041% | 8h | 118.96 | +0.032% | $853.8M | $674.0M | 100x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0062% | 1h | 119.09 | +0.145% | $26.7M | $24.8M | 50x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.01 | +0.071% | — | $366.5M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0083% | 8h | 119.01 | +0.070% | $1.0M | $5.9M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0088% | 1h | 119.09 | +0.139% | $8.1M | $409.7M | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.06 | +0.113% | $13.6M | $57.4M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.03 | +0.091% | $2.2M | $16.9M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.02 | +0.085% | $349K | $253K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 118.97 | +0.044% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.98 | +0.049% | $46K | $797K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.03 | +0.091% | $6.2M | $40.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.09 | +0.141% | $729.0M | $394.8M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.04 | +0.100% | $180.0M | $176.7M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.05 | +0.108% | $12.2M | $125.6M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.08 | +0.133% | $981.3M | $3.73B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.08 | +0.134% | $827.7M | $1.25B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.03 | +0.091% | $371.9M | $1.68B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.98 | +0.049% | $233K | $829K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.99 | +0.059% | $2.0M | $8.8M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.09 | +0.141% | $434.3M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.07 | +0.124% | $138.6M | $203.6M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.04 | +0.101% | $494.2M | $438.3M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.17 | +0.208% | $24.0M | $36.6M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.00 | +0.068% | $24.9M | $130.0M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.35 | +0.359% | $95.9M | $400.9M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.35 | +0.361% | $48.9M | $29.4M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.38 | +0.382% | $1.5M | $6.1M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.13 | +0.175% | $1.4M | $13.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.98 | +0.049% | $361K | $2.3M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.00 | +0.067% | $203K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.00 | +0.062% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.98 | +0.046% | $193K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.04 | +0.099% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDTshort | +0.0100% | 8h | 119.08 | +0.133% | $46.6M | $99.5M | 50x | |
| Bulk SOL-USD | +0.0100% | 1h | 119.24 | +0.263% | $137.6M | $12.7M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.96 | +0.035% | $8.6M | $34.8M | 50x | as long as short |
| Phoenix SOL | +0.0114% | 1h | 119.28 | +0.301% | $6.6M | $13.6M | 25x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.17 | +0.209% | — | $225.0M | 500x | as long as short |
| RISEx SOL/USDC | +0.0161% | 1h | 118.98 | +0.045% | $1.8M | $4.5M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 119.50 | +0.486% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0187% | 1h | 118.95 | +0.024% | $1.1M | $524K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.15 | +0.192% | $52.0M | $74.2M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0167% | 1h | 119.01 | +0.078% | $3.7M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0235% | 1h | 119.20 | +0.236% | $25K | $51K | 20x | as long as short |
01 Exchange SOLUSD
Gate SOL_USDT
Deribit SOL_USDC-PERPETUAL
BingX SOL-USDT
Orderly PERP_SOL_USDC
Coinbase International SOL-PERP-INTX
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
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
Bulk SOL-USD
Extended SOL-USD
Phoenix SOL
Jupiter Perps SOL-PERP
RISEx SOL/USDC
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD