SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0484%/8h= −53.0% APRnext payment −$0.60 per $10,000 · paid last 24h −0.038%

Price spread now: Kraken Futures against RISEx−0.146%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on RISEx Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now −0.146%, 7d avg −0.018%

Together, before fees−0.169%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Kraken Futures is 0.129% cheaper against RISEx than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.018%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.072% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 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	RISEx SOL/USDC	116.59	0.0559	pay 0.0070% / 1h	39m 14s	$1.9M	$4.9M	20x
Short	Kraken Futures PF_SOLUSD	116.42	0.0075	get 0.0009% / 1h	39m 14s	$31.0M	$100.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against RISEx. 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 RISExbpFee Kraken FuturesbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$101.6
Price spread: −0.146% → −0.018%: −$12.88
Slippage, 4 orders: −$7.01
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$137.48
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Kraken Futures: 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 RISEx live order book, 5 min ago	0.04 bp	3.9 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.43 bp	8.5 bp −$9	9.7 bp −$97	14.2 bp −$1,422	24.3 bp −$12.1K

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
Vest SOL-PERP	−0.0092%	1h	116.49	−0.084%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.53	−0.054%	$911	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0072%	1h	116.66	+0.061%	$103K	$700K	20x	as long as short
Derive SOL-PERP	−0.0016%	1h	116.36	−0.193%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.53	−0.051%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.54	−0.045%	$1.4M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.56	−0.026%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.55	−0.034%	$99K	$169K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.43	−0.139%	$7.5M	$403.9M	50x	as long as short
Kraken Futures PF_SOLUSDshort	+0.0075%	1h	116.42	−0.146%	$31.0M	$100.3M	100x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0090%	8h	116.45	−0.118%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.40	−0.159%	$13.0M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.40	−0.163%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.45	−0.122%	$346K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0098%	8h	116.47	−0.103%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.60	+0.005%	$988K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.55	−0.034%	$5.4M	$39.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.57	−0.017%	$705.2M	$394.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.50	−0.074%	$175.1M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.62	+0.023%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.39	−0.168%	$963.3M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.34	−0.214%	$784.1M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.41	−0.154%	$367.0M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	−0.068%	$230K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.48	−0.097%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.65	+0.052%	$133.5M	$20.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.53	−0.051%	$844.2M	$657.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.40	−0.163%	$416.4M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.51	−0.065%	$126.5M	$217.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.39	−0.168%	$478.3M	$441.7M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.46	−0.109%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	−0.077%	$23.5M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.43	−0.134%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	+0.066%	$93.7M	$396.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.023%	$47.7M	$29.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.56	−0.027%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.53	−0.051%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.52	−0.060%	$321K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.51	−0.066%	$149K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.43	−0.133%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.50	−0.077%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.42	−0.145%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.49	−0.087%	$226.0M	$46.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.46	−0.111%	$45.6M	$101.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.37	−0.185%	$7.9M	$36.6M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0115%	1h	116.49	−0.088%	$26.2M	$25.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.53	−0.055%	—	$228.5M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.025%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.65	+0.052%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.50	−0.077%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.43	−0.137%	$51.6M	$72.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.52	−0.058%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.58	−0.011%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0524%	1h	116.61	+0.017%	$25K	$51K	20x	as long as short
RISEx SOL/USDClong	+0.0559%	1h	116.59	long leg	$1.9M	$4.9M	20x