SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%

Price spread now: Backpack against gTrade (Gains Network)−0.059%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.059% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SOL/USD	119.63	L 0.0000% / S +0.0004%	get 0.0000% / 1h	16m 29s	$54K	—	150x
Short	Backpack SOL_USDC_PERP	119.56	0.0100	get 0.0013% / 1h	16m 29s	$24.3M	$38.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now −0.059%Rate

Funding earned: $21.09
Price spread: −0.059% → 0.000%: −$5.85
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$4.76
Costs to cover: 0.200%
Break-even: 8.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 3 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	0.42 bp	5.4 bp −$5	5.7 bp −$57	8.1 bp −$810	doesn't fit

gTrade (Gains Network): 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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.401%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.49	−0.115%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0073%	1h	119.45	−0.151%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.53	−0.085%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0004%	1h	119.57	−0.048%	$5.0M	$27.0M	20x	as long as short
gTrade (Gains Network) SOL/USDlong	L 0.0000% / S +0.0004%	1h	119.63	long leg	$54K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	119.72	+0.077%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.47	−0.131%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.65	+0.016%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0025%	1h	119.65	+0.016%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0052%	8h	119.57	−0.051%	$232.9M	$44.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.63	−0.004%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.66	+0.028%	$120K	$622K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.52	−0.092%	$105K	$152K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.50	−0.106%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0091%	8h	119.48	−0.125%	$872.4M	$687.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.51	−0.100%	$13.6M	$55.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.51	−0.102%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.60	−0.025%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.48	−0.128%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.51	−0.100%	$49K	$784K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.52	−0.092%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.55	−0.067%	$721.7M	$414.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.49	−0.118%	$179.9M	$175.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.54	−0.078%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.48	−0.125%	$979.5M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.47	−0.138%	$826.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.44	−0.159%	$372.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.48	−0.125%	$235K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.56	−0.059%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	+0.023%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.50	−0.109%	$435.2M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.51	−0.097%	$141.1M	$197.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.44	−0.162%	$499.1M	$452.3M	100x	as long as short
Backpack SOL_USDC_PERPshort	+0.0100%	1h	119.56	−0.059%	$24.3M	$38.1M	50x
Variational Omni SOL	+0.0100%	8h	119.82	+0.157%	$27.5M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.86	+0.192%	$96.3M	$401.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.72	+0.077%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.75	+0.096%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.80	+0.142%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.46	−0.142%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.62	−0.012%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.61	−0.015%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.58	−0.045%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.57	−0.050%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.58	−0.042%	$46.7M	$101.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.46	−0.141%	$8.8M	$36.8M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.63	+0.001%	$8.2M	$417.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.62	−0.008%	—	$220.9M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	+0.100%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0092%	1h	119.63	+0.002%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.53	−0.086%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.44	−0.162%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.57	−0.050%	$51.7M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.58	−0.043%	$35.6M	$91.2M	100x	as long as short