Funding you earn now, next payment 06:00 UTC+0.0219%/8h= +24.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.025%
Price spread now: Deribit against Vest+0.068%48s7-day average +0.041% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.025%+$3 on $10k
+Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.068%, 7d avg +0.041%
=Together, before fees−0.104%+ Points / potential airdropVest: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.027% dearer against Vest than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.041%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.025% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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 | Vest SOL-PERP | 115.80 | −0.0103 | get 0.0013% / 1h | 33m 25s | — | $625K | 20x |
| Short | Deribit SOL_USDC-PERPETUAL | 115.88 | 0.0116 | get 0.0015% / 1h | 33m 25s | $26.2M | $22.0M | 50x |
Vest SOL-PERP
Deribit SOL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Vest. 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
- $46.09
- Price spread: +0.068% → +0.041%
- $2.74
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $39.83
- Costs to cover
- 0.090%
- Break-even
- 1.0 days
Slippage unknown: Vest: no order-book sample; Deribit: live order book, 1 min ago. 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 Vest no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 1 min ago | 0.04 bp | 5.2 bp −$5 | 5.6 bp −$56 | 12.8 bp −$1,277 | doesn't fit |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOLUSD | −0.0241% | 1h | 115.83 | +0.025% | $31.7M | $103.8M | 100x | as long as short |
| Hibachi SOL/USDT-P | −0.0200% | 1h | 115.86 | +0.047% | $104K | $693K | 20x | as long as short |
| Derive SOL-PERP | −0.0125% | 1h | 115.75 | −0.046% | $1.9M | $2.9M | 13x | as long as short |
| Bybit SOLUSDT | −0.0116% | 8h | 115.75 | −0.046% | $740.3M | $1.42B | 100x | as long as short |
| BingX SOL-USDT | −0.0115% | 8h | 115.77 | −0.029% | — | $368.2M | — | as long as short |
| Vest SOL-PERPlong | −0.0103% | 1h | 115.80 | long leg | — | $625K | 20x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.06 | +0.224% | $1K | $8K | 25x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 115.79 | −0.011% | $41K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 115.88 | +0.070% | $1.5M | $19.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 115.81 | +0.009% | $113K | $3.7M | 8.3x | as long as short |
Kraken Futures PF_SOLUSD
Hibachi SOL/USDT-P
Derive SOL-PERP
Bybit SOLUSDT
BingX SOL-USDT
Hotstuff SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSD | +0.0008% | 1h | 115.80 | −0.003% | $99K | $176K | 20x | as long as short |
| dYdX SOL-USD | +0.0015% | 1h | 115.80 | −0.003% | $4.3M | $24.6M | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 115.85 | +0.038% | $7.8M | $404.0M | 50x | as long as short |
| Bitget SOLUSDT | +0.0069% | 8h | 115.76 | −0.039% | $479.4M | $454.7M | 100x | as long as short |
| Bullet SOL-USD | +0.0083% | 1h | 115.77 | −0.025% | $147K | $1.6M | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0095% | 8h | 115.86 | +0.053% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 115.74 | −0.052% | $12.9M | $60.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 115.74 | −0.054% | $2.2M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 115.83 | +0.023% | $348K | $247K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 115.81 | +0.006% | $64K | $907K | 20x | as long as short |
| Aster SOLUSDT | +0.0099% | 8h | 115.79 | −0.013% | $173.8M | $184.0M | 100x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 115.79 | −0.012% | $1.0M | $550K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 115.76 | −0.035% | $5.2M | $40.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 115.86 | +0.049% | $686.4M | $399.1M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 115.80 | −0.001% | $15.5M | $130.6M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 115.77 | −0.025% | $961.4M | $3.88B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 115.80 | −0.003% | $361.0M | $1.73B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 115.85 | +0.040% | $216K | $872K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 115.87 | +0.056% | $915K | $8.8M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.24 | +0.375% | $130.1M | $16.3M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 115.77 | −0.029% | $838.3M | $666.3M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 115.78 | −0.020% | $356.4M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 115.78 | −0.021% | $123.6M | $229.0M | 75x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 115.82 | +0.015% | $22.8M | $40.3M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.00 | +0.167% | $24.8M | $114.4M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.13 | +0.280% | $93.2M | $406.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 115.99 | +0.161% | $47.5M | $30.9M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.19 | +0.332% | $1.1M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 115.95 | +0.127% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 115.76 | −0.037% | $318K | $2.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 115.83 | +0.021% | $25K | $33K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 115.92 | +0.105% | $188K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 115.84 | +0.032% | $6.0M | $10.9M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 115.79 | −0.013% | $224.3M | $50.0M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 115.87 | +0.058% | $45.1M | $104.5M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 115.73 | −0.061% | $7.9M | $38.8M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUALshort | +0.0116% | 1h | 115.88 | +0.068% | $26.2M | $22.0M | 50x | |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 115.91 | +0.092% | — | $239.2M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 116.55 | +0.645% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0179% | 1h | 116.11 | +0.265% | $6.5M | $13.7M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0193% | 1h | 115.75 | −0.049% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.16 | +0.308% | $52.0M | $68.0M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0173% | 1h | 115.78 | −0.020% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0547% | 1h | 115.91 | +0.089% | $1.9M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0604% | 1h | 116.02 | +0.190% | $25K | $53K | 20x | as long as short |
01 Exchange SOLUSD
dYdX SOL-USD
Coinbase International SOL-PERP-INTX
Bitget SOLUSDT
Bullet SOL-USD
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Aster SOLUSDT
Paradex SOL-USD-PERP
Nado SOL-PERP
Hyperliquid SOL
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
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
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD