SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0163%/8h= −17.9% APRnext payment −$0.20 per $10,000 · paid last 24h −0.041%

Price spread now: Derive against Hyperliquid−0.122%7-day average −0.090% · you buy dearer than you sell

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

Long on Hyperliquid Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.122%, 7d avg −0.090%

Together, before fees+0.018%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Derive is 0.032% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.090%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SOL	118.92	0.0102	pay 0.0013% / 1h	40m 57s	$720.4M	$404.7M	20x
Short	Derive SOL-PERP	118.78	−0.0062	pay 0.0008% / 1h	40m 57s	$2.0M	$2.8M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Hyperliquid. 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

Position, each leg$Hold fordaysFee HyperliquidbpFee DerivebpOrdersPrice spread, now −0.122%Rate

Funding earned: −$34.3
Price spread: −0.122% → −0.090%: −$3.22
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: −$52.53
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 13 min ago; Derive: 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 Hyperliquid live order book, 13 min ago	0.42 bp	4.9 bp −$5	6.1 bp −$61	9.5 bp −$952	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

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
Hotstuff SOL-PERP	−0.0080%	1h	118.78	−0.122%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.76	−0.138%	—	$610K	20x	as long as short
Derive SOL-PERPshort	−0.0062%	1h	118.78	−0.122%	$2.0M	$2.8M	13x
HTX SOL-USDT	−0.0014%	8h	118.75	−0.146%	$231.0M	$44.2M	75x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.88	−0.033%	$32.4M	$96.9M	100x	as long as short
dYdX SOL-USD	−0.0009%	1h	118.81	−0.094%	$4.9M	$26.5M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.85	−0.061%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.83	−0.079%	$1.2M	$20.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.77	−0.128%	$154K	$3.9M	8.3x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	118.79	−0.109%	$104K	$159K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOLUSDT	+0.0068%	8h	118.80	−0.101%	$46.5M	$100.7M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.85	−0.056%	$121K	$632K	20x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	118.62	−0.252%	$1.5M	$6.1M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0080%	8h	118.87	−0.045%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.80	−0.098%	—	$10.5M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.88	−0.037%	$8.1M	$413.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.82	−0.085%	$14.1M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.82	−0.085%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.87	−0.042%	$348K	$276K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.76	−0.138%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.77	−0.126%	$47K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.76	−0.134%	$5.9M	$41.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.83	−0.076%	$178.6M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.81	−0.092%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.85	−0.059%	$978.9M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.86	−0.050%	$822.9M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.88	−0.034%	$371.9M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	−0.118%	$233K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.81	−0.089%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.311%	$133.5M	$4.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.83	−0.076%	$858.6M	$662.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.84	−0.067%	$427.3M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.85	−0.060%	$137.9M	$203.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.82	−0.082%	$493.1M	$443.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.83	−0.076%	$24.2M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.79	−0.112%	$27.0M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.73	−0.158%	$95.4M	$403.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.86	−0.054%	$48.7M	$30.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.83	−0.076%	$1.4M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.80	−0.101%	$359K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	−0.078%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	−0.074%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.83	−0.078%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.85	−0.059%	$6.2M	$10.8M	20x	as long as short
Hyperliquid SOLlong	+0.0102%	1h	118.92	long leg	$720.4M	$404.7M	20x
Extended SOL-USD	+0.0104%	1h	118.83	−0.080%	$8.7M	$35.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0113%	1h	118.91	−0.006%	$26.6M	$24.8M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.87	−0.042%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.80	−0.099%	—	$221.8M	500x	as long as short
Aftermath Perps SOLUSD	+0.0156%	1h	118.74	−0.149%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.79	−0.108%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0080%	1h	118.84	−0.065%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.219%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.79	−0.107%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.81	−0.092%	$52.0M	$78.5M	125x	as long as short