SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.027%

Price spread now: Reya against Backpack−0.046%7-day average −0.128% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.137%+$14 on $10k

Price spread, last 7 days+0.694%+$69 · spread now −0.046%, 7d avg −0.128%

Together, before fees+0.831%+ Points / potential airdropReya: Active · farm board+$83 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Reya is 0.083% dearer against Backpack than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SOL_USDC_PERP	117.70	0.0100	pay 0.0013% / 1h	5m 04s	$23.3M	$36.7M	50x
Short	Reya SOLRUSDPERP	117.65	0.0198	get 0.0025% / 1h	5m 04s	$1.1M	$541K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now −0.046%Rate

Funding earned: $20.49
Price spread: −0.046% → −0.128%: $8.27
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $12.75
Costs to cover: 0.160%
Break-even: 2.6 days

Slippage unknown: Backpack: live order book, 4 min ago; Reya: no order-book sample. 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 Backpack live order book, 4 min ago	0.43 bp	5.4 bp −$5	6.7 bp −$67	9.5 bp −$949	2013.1 bp −$1.01M
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 54 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	117.90	+0.170%	$1K	$8K	25x	as long as short
Phemex SOLUSDT	−0.0063%	8h	117.69	−0.008%	$45.7M	$101.7M	50x	as long as short
Kraken Futures PF_SOLUSD	−0.0056%	1h	117.78	+0.070%	$32.6M	$99.7M	100x	as long as short
Bybit SOLUSDT	−0.0045%	8h	117.68	−0.017%	$739.6M	$1.32B	100x	as long as short
Vest SOL-PERP	−0.0006%	1h	117.75	+0.040%	—	$520K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.95	+0.214%	$40K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.87	+0.147%	$1.3M	$18.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.73	+0.029%	$100K	$3.0M	8.3x	as long as short
Bitget SOLUSDT	+0.0025%	8h	117.74	+0.037%	$484.8M	$427.0M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.76	+0.050%	$8.1M	$388.0M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SOLUSDT	+0.0054%	8h	117.70	+0.001%	$178.9M	$165.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0064%	8h	117.72	+0.016%	$1.0M	$5.5M	100x	as long as short
dYdX SOL-USD	+0.0070%	1h	117.84	+0.120%	$8.2M	$21.2M	20x	as long as short
SoDEX SOL-USD	+0.0092%	1h	117.72	+0.017%	$6.2M	$11.1M	20x	as long as short
Lighter SOL	+0.0096%	1h	117.72	+0.014%	$13.2M	$57.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.70	+0.004%	$2.2M	$15.0M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	117.93	+0.192%	$103K	$657K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.68	−0.013%	$359K	$236K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.83	+0.110%	$1.0M	$555K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.75	+0.042%	$46K	$831K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.78	+0.070%	$5.5M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.82	+0.102%	$716.6M	$386.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.86	+0.140%	$15.9M	$122.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.68	−0.017%	$974.2M	$3.64B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.71	+0.008%	$366.7M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.79	+0.076%	$221K	$815K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.80	+0.087%	$978K	$8.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.71	+0.008%	$857.9M	$632.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.68	−0.017%	$425.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.69	−0.006%	$134.2M	$231.9M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.67	−0.027%	—	$354.0M	—	as long as short
Backpack SOL_USDC_PERPlong	+0.0100%	1h	117.70	long leg	$23.3M	$36.7M	50x
Variational Omni SOL	+0.0100%	8h	117.85	+0.124%	$25.2M	$101.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.65	−0.046%	$94.4M	$408.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.74	+0.032%	$48.2M	$26.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.73	+0.025%	$1.1M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.92	+0.187%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.69	−0.008%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.71	+0.008%	$285K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.73	+0.025%	$28K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.72	+0.015%	$191K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.70	−0.002%	$227.8M	$46.9M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.65	−0.045%	$127.3M	$25.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.71	+0.008%	$8.4M	$34.7M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	117.78	+0.068%	$102K	$182K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.72	+0.017%	—	$215.5M	500x	as long as short
Phoenix SOL	+0.0124%	1h	117.89	+0.161%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0129%	1h	117.80	+0.087%	$26.5M	$20.1M	50x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−1.155%	$4K	$124	12x	as long as short
Reya SOLRUSDPERPshort	+0.0198%	1h	117.65	−0.046%	$1.1M	$541K	25x
BloFin SOL-USDT	+0.0220%	8h	117.69	−0.008%	$51.9M	$59.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.90	+0.173%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0407%	1h	117.60	−0.082%	$25K	$53K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	117.76	+0.048%	$2.2M	$4.8M	20x	as long as short