SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: SoDEX against Backpack0.000%7-day average −0.010% · 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−$19as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on Backpack Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now 0.000%, 7d avg −0.010%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SOL_USDC_PERP	116.11	0.0100	pay 0.0013% / 1h	14m 51s	$22.8M	$35.7M	50x
Short	SoDEX SOL-USD	116.11	0.0090	get 0.0011% / 1h	14m 51s	$6.1M	$11.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$2.18
Price spread: 0.000% → −0.010%: $0.95
Slippage, 4 orders: −$2.01
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$21.23
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from Backpack: live order book, 4 min ago; SoDEX: live order book, 4 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 Backpack live order book, 4 min ago	0.43 bp	5.4 bp −$5	5.4 bp −$54	6.9 bp −$695	1553.0 bp −$776.5K
Sell SoDEX live order book, 4 min ago	0.43 bp	4.4 bp −$4	5.0 bp −$50	14.3 bp −$1,433	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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.13	+0.019%	$32.2M	$106.9M	100x	as long as short
Bybit SOLUSDT	−0.0098%	8h	116.12	+0.009%	$733.0M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.27	+0.141%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0064%	1h	116.18	+0.057%	$101K	$676K	20x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.36	+0.215%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0038%	1h	116.10	−0.007%	—	$649K	20x	as long as short
Derive SOL-PERP	−0.0026%	1h	116.08	−0.030%	$1.8M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.14	+0.026%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.16	+0.047%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.12	+0.005%	$99K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0005%	1h	116.17	+0.049%	$4.3M	$23.5M	20x	as long as short
Bitget SOLUSDT	+0.0023%	8h	116.12	+0.008%	$479.1M	$456.2M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.14	+0.026%	$7.8M	$398.2M	50x	as long as short
Aster SOLUSDT	+0.0051%	8h	116.12	+0.008%	$176.9M	$168.9M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0071%	8h	116.13	+0.017%	$1.0M	$6.1M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	116.18	+0.060%	$100K	$182K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0081%	1h	116.18	+0.056%	$26.3M	$21.7M	50x	as long as short
Lighter RH SOL	+0.0088%	1h	116.08	−0.024%	$2.2M	$16.8M	25x	as long as short
SoDEX SOL-USDshort	+0.0090%	1h	116.11	0.000%	$6.1M	$11.0M	20x
Paradex SOL-USD-PERP	+0.0095%	8h	116.14	+0.026%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.11	−0.003%	$13.1M	$60.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.11	+0.003%	$350K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.11	0.000%	$64K	$912K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.13	+0.017%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.21	+0.086%	$695.4M	$408.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.16	+0.047%	$15.6M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.12	+0.011%	$960.2M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.13	+0.017%	$365.7M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.15	+0.034%	$223K	$845K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.15	+0.038%	$923K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.21	+0.085%	$125.5M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.14	+0.026%	$843.7M	$669.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.13	+0.017%	$370.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.12	+0.008%	$129.1M	$236.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.09	−0.020%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERPlong	+0.0100%	1h	116.11	long leg	$22.8M	$35.7M	50x
Variational Omni SOL	+0.0100%	8h	116.09	−0.020%	$24.8M	$107.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.13	+0.015%	$93.3M	$406.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.23	+0.101%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.24	+0.115%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.12	+0.009%	$1.3M	$11.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.10	−0.009%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.13	+0.016%	$281K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.12	+0.009%	$26K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.11	+0.003%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.10	−0.005%	$224.8M	$50.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.12	+0.009%	$45.1M	$104.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.09	−0.016%	$8.2M	$36.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.13	+0.013%	—	$236.1M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.21	+0.086%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.08	−0.030%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.11	0.000%	$51.9M	$65.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.12	+0.012%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0452%	1h	116.17	+0.048%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.21	+0.082%	$2.1M	$4.8M	20x	as long as short