Funding you earn now, next payment 05:00 UTC+0.0257%/8h= +28.2% APRnext payment +$0.32 per $10,000 · paid last 24h +0.005%
Price spread now: 01 Exchange against Kraken Futures+0.190%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 4 days (all we have)+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.190%, 7d avg +0.035%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and 01 Exchange is 0.156% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.035%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.009% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SOLUSD | 116.46 | −0.0193 | get 0.0024% / 1h | 21m 30s | $30.9M | $101.3M | 100x |
| Short | 01 Exchange SOLUSD | 116.68 | 0.0064 | get 0.0008% / 1h | 21m 30s | $99K | $175K | 20x |
Kraken Futures PF_SOLUSD
01 Exchange SOLUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $54.04
- Price spread: +0.190% → +0.035%
- $15.55
- Slippage, 4 orders
- −$17.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- $35.58
- Costs to cover
- 0.340%
- Break-even
- 2.4 days
Slippage from Kraken Futures: live order book, 3 min ago; 01 Exchange: live order book, 33 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, 3 min ago | 0.43 bp | 6.2 bp −$6 | 7.2 bp −$72 | 11.9 bp −$1,189 | 22.8 bp −$11.4K |
| Sell 01 Exchange live order book, 33 min ago | 0.86 bp | 8.8 bp −$9 | 17.6 bp −$176 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi SOL/USDT-P | −0.0200% | 1h | 116.47 | +0.011% | $104K | $704K | 20x | as long as short |
| Kraken Futures PF_SOLUSDlong | −0.0193% | 1h | 116.46 | long leg | $30.9M | $101.3M | 100x | |
| Vest SOL-PERP | −0.0100% | 1h | 116.56 | +0.086% | — | $601K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.65 | +0.168% | $1K | $8K | 25x | as long as short |
| Bybit SOLUSDT | −0.0028% | 8h | 116.58 | +0.104% | $755.8M | $1.39B | 100x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.50 | +0.035% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.44 | −0.013% | $1.4M | $19.0M | 3.1x | as long as short |
| dYdX SOL-USD | +0.0014% | 1h | 116.63 | +0.146% | $4.4M | $24.2M | 20x | as long as short |
| Derive SOL-PERP | +0.0032% | 1h | 116.38 | −0.070% | $1.9M | $2.9M | 13x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.47 | +0.006% | $7.6M | $404.6M | 50x | as long as short |
Hibachi SOL/USDT-P
Vest SOL-PERP
Hotstuff SOL-PERP
Bybit SOLUSDT
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
dYdX SOL-USD
Derive SOL-PERP
Coinbase International SOL-PERP-INTXShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSDshort | +0.0064% | 1h | 116.68 | +0.190% | $99K | $175K | 20x | |
| Bullet SOL-USD | +0.0075% | 1h | 116.45 | −0.005% | $147K | $1.6M | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0094% | 8h | 116.47 | +0.009% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.66 | +0.173% | $13.1M | $60.4M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.65 | +0.161% | $2.2M | $16.8M | 25x | as long as short |
| Bitget SOLUSDT | +0.0096% | 8h | 116.63 | +0.146% | $481.3M | $446.0M | 100x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.45 | −0.012% | $350K | $247K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 116.62 | +0.139% | $61K | $896K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 116.69 | +0.195% | $1.0M | $551K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.61 | +0.132% | $5.5M | $40.3M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.77 | +0.265% | $703.6M | $395.1M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 116.65 | +0.164% | $174.7M | $183.4M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.72 | +0.222% | $15.8M | $130.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.67 | +0.182% | $973.3M | $3.82B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.67 | +0.182% | $368.5M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.61 | +0.130% | $228K | $837K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.69 | +0.199% | $920K | $8.8M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.45 | −0.005% | $133.0M | $16.1M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.67 | +0.182% | $853.9M | $665.2M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.69 | +0.199% | $366.0M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.66 | +0.171% | $129.3M | $223.5M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.62 | +0.136% | — | $10.6M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.47 | +0.010% | $23.0M | $40.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.40 | −0.047% | $24.4M | $113.5M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.46 | 0.000% | $93.5M | $400.7M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.45 | −0.007% | $47.6M | $30.7M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.49 | +0.030% | $1.2M | $6.7M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.51 | +0.044% | $1.3M | $12.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.64 | +0.156% | $320K | $2.6M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.46 | +0.002% | $25K | $31K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.46 | +0.002% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.45 | −0.007% | $6.1M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.37 | −0.078% | $225.6M | $48.1M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.46 | +0.001% | $45.4M | $103.3M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.63 | +0.145% | $8.2M | $37.7M | 50x | as long as short |
| Injective SOL/USDC PERP | +0.0107% | 1h | 116.70 | +0.207% | $4K | $2K | 12x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 116.41 | −0.039% | — | $231.7M | 500x | as long as short |
| Phoenix SOL | +0.0151% | 1h | 116.58 | +0.104% | $6.5M | $13.8M | 25x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0161% | 1h | 116.51 | +0.048% | $26.2M | $23.3M | 50x | as long as short |
| Reya SOLRUSDPERP | +0.0191% | 1h | 116.62 | +0.136% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.45 | −0.007% | $51.9M | $67.1M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0235% / S −0.0178% | 1h | 116.47 | +0.013% | $3.6M | — | 200x | as long as short |
| Perpl SOL | +0.0335% | 43m | 116.66 | +0.170% | $139K | $3.7M | 8.3x | as long as short |
| RISEx SOL/USDC | +0.0561% | 1h | 116.74 | +0.238% | $1.9M | $4.8M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0568% | 1h | 116.59 | +0.117% | $25K | $51K | 20x | as long as short |
Bullet SOL-USD
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Bitget SOLUSDT
Aevo SOL-PERP
Katana Perps SOL-USD
Paradex SOL-USD-PERP
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
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
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Injective SOL/USDC PERP
Jupiter Perps SOL-PERP
Phoenix SOL
Deribit SOL_USDC-PERPETUAL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Perpl SOL
RISEx SOL/USDC
Aftermath Perps SOLUSD