Funding you earn now, next payment 23:00 UTC−0.0113%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.162%
Price spread now: Backpack against Injective−0.243%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Backpack is 0.243% cheaper against Injective than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SOL/USDC PERP | 119.41 | 0.0213 | pay 0.0027% / 1h | 57m 32s | $4K | $2K | 12x |
| Short | Backpack SOL_USDC_PERP | 119.12 | 0.0100 | get 0.0013% / 1h | 57m 32s | $24.1M | $38.7M | 50x |
Injective SOL/USDC PERP
Backpack SOL_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. 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
- −$23.81
- Price spread: −0.243% → 0.000%
- −$24.29
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$58.12
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Backpack: live order book, 2 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.42 bp | 5.4 bp −$5 | 6.1 bp −$61 | 8.3 bp −$829 | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Derive SOL-PERP | −0.0100% | 1h | 118.98 | −0.361% | $2.0M | $3.1M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.09 | −0.265% | $844 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0064% | 1h | 119.11 | −0.250% | — | $724K | 20x | as long as short |
| dYdX SOL-USD | −0.0016% | 1h | 119.16 | −0.210% | $4.9M | $27.2M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.15 | −0.216% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.23 | −0.152% | $1.2M | $20.7M | 3.1x | as long as short |
| Hibachi SOL/USDT-P | 0.0000% | 1h | 119.17 | −0.203% | $120K | $625K | 20x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.13 | −0.234% | $179K | $4.0M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 119.14 | −0.225% | $26.7M | $27.6M | 50x | as long as short |
| Aftermath Perps SOLUSD | +0.0051% | 1h | 119.20 | −0.178% | $24K | $47K | 20x | as long as short |
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Hibachi SOL/USDT-P
Perpl SOL
Deribit SOL_USDC-PERPETUAL
Aftermath Perps SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0063% | 8h | 119.08 | −0.272% | $1.1M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0064% | 1h | 119.16 | −0.211% | $13.6M | $54.7M | 25x | as long as short |
| HTX SOL-USDT | +0.0064% | 8h | 119.09 | −0.269% | $232.0M | $44.8M | 75x | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 119.17 | −0.201% | $104K | $152K | 20x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.08 | −0.280% | — | $10.5M | — | as long as short |
| Gate SOL_USDT | +0.0091% | 8h | 119.12 | −0.243% | $867.7M | $674.6M | 100x | as long as short |
| ApeX Omni SOLUSDT | +0.0095% | 1h | 119.15 | −0.218% | $1.5M | $6.2M | 50x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.15 | −0.217% | $2.1M | $16.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.07 | −0.282% | $353K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.12 | −0.243% | $1.0M | $523K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.14 | −0.226% | $48K | $787K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.13 | −0.239% | $6.3M | $42.0M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.25 | −0.134% | $719.6M | $414.8M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.12 | −0.241% | $178.6M | $176.0M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.18 | −0.194% | $12.4M | $116.2M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.13 | −0.232% | $976.6M | $3.79B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.16 | −0.211% | $822.1M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.13 | −0.234% | $372.0M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.14 | −0.226% | $233K | $875K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.17 | −0.198% | $2.0M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.05 | −0.298% | $133.5M | $10.2M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.20 | −0.176% | $437.9M | $1.10B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.20 | −0.178% | $140.6M | $199.0M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.16 | −0.209% | $496.8M | $453.3M | 100x | as long as short |
| Backpack SOL_USDC_PERPshort | +0.0100% | 1h | 119.12 | −0.243% | $24.1M | $38.7M | 50x | |
| Variational Omni SOL | +0.0100% | 8h | 119.18 | −0.193% | $27.4M | $127.8M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.12 | −0.241% | $95.7M | $396.6M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.08 | −0.276% | $48.7M | $33.0M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.18 | −0.193% | $1.4M | $13.3M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.16 | −0.209% | $365K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.10 | −0.257% | $203K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.08 | −0.272% | $38K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.14 | −0.222% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.09 | −0.268% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.13 | −0.234% | $46.5M | $102.1M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.11 | −0.252% | $8.7M | $36.6M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.17 | −0.199% | $8.2M | $416.3M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.28 | −0.109% | — | $222.2M | 500x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0150% | 1h | 119.13 | −0.231% | $35.5M | $91.3M | 100x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 119.22 | −0.159% | $6.5M | $12.3M | 25x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0171% / S −0.0089% | 1h | 119.14 | −0.224% | $3.6M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 119.18 | −0.194% | $1.1M | $558K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.17 | −0.201% | $1.6M | $6.0M | 20x | as long as short |
| Injective SOL/USDC PERPlong | +0.0213% | 1h | 119.41 | long leg | $4K | $2K | 12x | |
| BloFin SOL-USDT | +0.0220% | 8h | 119.20 | −0.176% | $52.1M | $86.8M | 125x | as long as short |
Orderly PERP_SOL_USDC
Lighter SOL
HTX SOL-USDT
01 Exchange SOLUSD
BingX SOL-USDC
Gate SOL_USDT
ApeX Omni SOLUSDT
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Kraken Futures PF_SOLUSD
Phoenix SOL
GMX SOL/USD [SOL-USDC]
Reya SOLRUSDPERP
RISEx SOL/USDC
BloFin SOL-USDT