SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.02 per $10,000 · paid last 24h +0.001%

Price spread now: 01 Exchange against Backpack+0.008%7-day average +0.033% · 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−$30as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Backpack Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.008%, 7d avg +0.033%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and 01 Exchange is 0.024% cheaper against Backpack than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SOL_USDC_PERP	119.73	0.0100	pay 0.0013% / 1h	41m 18s	$24.2M	$38.7M	50x
Short	01 Exchange SOLUSD	119.74	0.0088	get 0.0011% / 1h	41m 18s	$105K	$153K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.008%Rate

Funding earned: −$2.52
Price spread: +0.008% → +0.033%: −$2.42
Slippage, 4 orders: −$11.04
Fee Backpack: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$32.98
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; 01 Exchange: live order book, 43 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, 3 min ago	0.42 bp	5.4 bp −$5	6.1 bp −$61	7.9 bp −$789	1729.8 bp −$864.9K
Sell 01 Exchange live order book, 43 min ago	0.83 bp	8.8 bp −$9	12.9 bp −$129	doesn't fit	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
Bluefin SOL-PERP	−0.0426%	1h	119.66	−0.056%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.59	−0.119%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.73	+0.003%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.65	−0.068%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0002%	1h	119.74	+0.006%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.70	−0.027%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.75	+0.013%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.72	−0.008%	$179K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	119.53	−0.170%	$120K	$611K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0044%	1h	119.74	+0.007%	$26.8M	$27.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SOL	+0.0054%	1h	119.50	−0.192%	$6.6M	$13.6M	25x	as long as short
Aftermath Perps SOLUSD	+0.0061%	1h	119.49	−0.200%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	119.67	−0.052%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0076%	8h	119.68	−0.041%	$233.1M	$44.6M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.73	−0.002%	—	$10.5M	—	as long as short
01 Exchange SOLUSDshort	+0.0088%	1h	119.74	+0.008%	$105K	$153K	20x
Gate SOL_USDT	+0.0090%	8h	119.68	−0.042%	$873.4M	$679.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.68	−0.040%	$13.6M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.69	−0.033%	$2.1M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.60	−0.108%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.71	−0.017%	$1.1M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.71	−0.017%	$46K	$790K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.70	−0.021%	$6.2M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.81	+0.067%	$722.4M	$416.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.72	−0.008%	$179.2M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.76	+0.023%	$12.4M	$116.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.71	−0.017%	$986.6M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.73	0.000%	$827.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.69	−0.033%	$373.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.74	+0.008%	$234K	$889K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.81	+0.068%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.71	−0.017%	$459.8M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.72	−0.009%	$141.3M	$199.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.66	−0.058%	$496.7M	$454.2M	100x	as long as short
Backpack SOL_USDC_PERPlong	+0.0100%	1h	119.73	long leg	$24.2M	$38.7M	50x
Variational Omni SOL	+0.0100%	8h	119.38	−0.289%	$27.7M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.51	−0.186%	$96.0M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.44	−0.244%	$48.9M	$32.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.49	−0.200%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.68	−0.042%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.70	−0.025%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.69	−0.032%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.67	−0.050%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.69	−0.033%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.63	−0.084%	$46.7M	$101.8M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.015%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.66	−0.057%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.73	+0.003%	$8.2M	$415.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.77	+0.036%	—	$221.9M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.70	−0.024%	$32.7M	$95.3M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.69	−0.029%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.68	−0.041%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.78	+0.043%	$1.7M	$5.9M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.501%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.69	−0.033%	$52.1M	$82.8M	125x	as long as short