SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h −0.019%

Price spread now: Deribit against SoDEX+0.057%7-day average +0.030% · 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−$16as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.057%, 7d avg +0.030%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.027% dearer against SoDEX than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.030%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.5 days. At the pace of the last 3 days (−0.072% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	118.53	0.0100	pay 0.0013% / 1h	22m 30s	$6.2M	$10.8M	20x
Short	Deribit SOL_USDC-PERPETUAL	118.60	0.0088	get 0.0011% / 1h	22m 30s	$26.6M	$26.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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 SoDEXbpFee DeribitbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$2.47
Price spread: +0.057% → +0.030%: $2.66
Slippage, 4 orders: −$3.77
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$18.58
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; Deribit: live order book, 2 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 SoDEX live order book, 2 min ago	0.42 bp	4.4 bp −$4	4.7 bp −$47	13.4 bp −$1,337	doesn't fit
Sell Deribit live order book, 2 min ago	0.04 bp	5.7 bp −$6	6.4 bp −$64	19.3 bp −$1,925	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
Hotstuff SOL-PERP	−0.0080%	1h	118.52	−0.012%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.56	+0.026%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0069%	1h	118.43	−0.088%	$2.0M	$2.8M	13x	as long as short
ApeX Omni SOLUSDT	−0.0020%	1h	118.38	−0.129%	$1.5M	$6.2M	50x	as long as short
dYdX SOL-USD	−0.0014%	1h	118.53	+0.003%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.51	−0.019%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.49	−0.030%	$1.3M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.45	−0.065%	$175K	$4.0M	8.3x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.52	−0.008%	$1.0M	$5.9M	100x	as long as short
Gate SOL_USDT	+0.0078%	8h	118.53	0.000%	$862.6M	$682.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	118.72	+0.160%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.61	+0.069%	—	$372.5M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	118.43	−0.083%	$230.5M	$45.1M	75x	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0088%	1h	118.60	+0.057%	$26.6M	$26.1M	50x
Lighter SOL	+0.0096%	1h	118.54	+0.009%	$13.4M	$56.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.51	−0.019%	$2.2M	$17.0M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.47	−0.049%	$119K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.52	−0.006%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.59	+0.051%	$8.1M	$415.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.62	+0.072%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.62	+0.076%	$45K	$800K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.69	+0.135%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.63	+0.081%	$717.5M	$409.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.60	+0.061%	$177.6M	$178.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.60	+0.055%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.69	+0.135%	$979.5M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.74	+0.177%	$823.6M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.68	+0.127%	$368.0M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.47	−0.051%	$232K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.65	+0.102%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.338%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.58	+0.042%	$425.6M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.60	+0.061%	$137.5M	$205.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.66	+0.105%	$491.8M	$461.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.57	+0.034%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.69	+0.136%	$27.1M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.51	−0.013%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.79	+0.216%	$48.6M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.49	−0.034%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.67	+0.118%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.49	−0.034%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.52	−0.010%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.48	−0.039%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	118.53	long leg	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	118.57	+0.034%	$46.3M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.46	−0.059%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.59	+0.047%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.57	+0.032%	$32.4M	$97.4M	100x	as long as short
Aftermath Perps SOLUSD	+0.0114%	1h	118.74	+0.178%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.39	−0.116%	—	$226.6M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0068%	1h	118.51	−0.020%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.321%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.64	+0.090%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.56	+0.025%	$52.2M	$80.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.70	+0.140%	$1.8M	$5.3M	20x	as long as short