SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.07 per $10,000 · paid last 24h −0.019%

Price spread now: Deribit against Kraken Futures+0.055%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.055%, 7d avg +0.023%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.032% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.172%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOLUSD	118.02	0.0049	pay 0.0006% / 1h	44m 11s	$31.6M	$98.8M	100x
Short	Deribit SOL_USDC-PERPETUAL	118.09	0.0106	get 0.0013% / 1h	44m 11s	$26.4M	$25.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kraken Futures. 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now +0.055%Rate

Funding earned: $11.89
Price spread: +0.055% → +0.023%: $3.17
Slippage, 4 orders: −$6.52
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$8.46
Costs to cover: 0.235%
Break-even: 12.0 days

Slippage from Kraken Futures: live order book, 5 min ago; Deribit: live order book, 5 min ago.

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 Kraken Futures live order book, 5 min ago	1.69 bp	7.2 bp −$7	9.6 bp −$96	14.0 bp −$1,401	24.6 bp −$12.3K
Sell Deribit live order book, 5 min ago	0.04 bp	4.8 bp −$5	5.6 bp −$56	18.4 bp −$1,845	doesn't fit

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
ApeX Omni SOLUSDT	−0.0171%	1h	118.09	+0.056%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	117.92	−0.083%	$92K	$707K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.92	−0.092%	$922	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	117.88	−0.118%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0033%	8h	117.97	−0.049%	$229.4M	$45.0M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.97	−0.048%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0011%	8h	118.04	+0.014%	$853.1M	$653.9M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.00	−0.019%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.92	−0.086%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.92	−0.091%	$1.5M	$21.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	117.96	−0.055%	$128K	$4.0M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.95	−0.063%	$2.0M	$4.7M	20x	as long as short
Kraken Futures PF_SOLUSDlong	+0.0049%	1h	118.02	long leg	$31.6M	$98.8M	100x
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.05	+0.018%	$7.9M	$412.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.02	−0.002%	—	$370.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	118.05	+0.019%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	118.02	−0.003%	$103K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.04	+0.014%	$13.1M	$59.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.03	+0.001%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.03	+0.009%	$346K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.89	−0.114%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.89	−0.113%	$49K	$829K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.00	−0.020%	$5.7M	$41.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.98	−0.039%	$177.2M	$180.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	−0.073%	$14.0M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.04	+0.015%	$979.3M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.07	+0.039%	$824.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.02	−0.003%	$369.6M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.84	−0.156%	$239K	$895K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.98	−0.039%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.03	+0.005%	$423.9M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.02	0.000%	$133.9M	$208.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.00	−0.016%	$489.8M	$446.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.05	+0.022%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.01	−0.014%	$24.4M	$129.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.06	+0.033%	$94.8M	$404.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.16	+0.114%	$48.4M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.94	−0.071%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.95	−0.062%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.98	−0.034%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.02	−0.004%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.99	−0.031%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.04	+0.014%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.04	+0.014%	$46.0M	$101.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.07	+0.039%	$135.9M	$13.3M	20x	as long as short
Phoenix SOL	+0.0101%	1h	118.22	+0.166%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.01	−0.011%	$8.2M	$35.9M	50x	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0106%	1h	118.09	+0.055%	$26.4M	$25.4M	50x
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.90	−0.109%	—	$228.3M	500x	as long as short
Hyperliquid SOL	+0.0112%	1h	118.13	+0.090%	$719.9M	$403.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.93	−0.081%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	+0.014%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.150%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.99	−0.028%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0311%	1h	118.03	+0.009%	$25K	$51K	20x	as long as short