SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0251%/8h= +27.5% APRnext payment +$0.31 per $10,000 · paid last 24h −0.162%

Price spread now: Ondo Perps against Injective−0.109%101s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.109% cheaper against Injective than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 35 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.001% in total) that is about 22 months. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SOL/USDC PERP	118.89	−0.0151	get 0.0019% / 1h	39m 29s	$4K	$2K	12x
Short	Ondo Perps SOL-USD.P	118.76	0.0100	get 0.0013% / 1h	39m 29s	$233K	$861K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Injective. 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 InjectivebpFee Ondo PerpsbpOrdersPrice spread, now −0.109%Rate

Funding earned: $52.78
Price spread: −0.109% → 0.000%: −$10.93
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $36.83
Costs to cover: 0.050%
Break-even: 2.1 days

Slippage unknown: Injective: no order-book sample; Ondo Perps: 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 Injective no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Injective and Ondo Perps: 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 PERPlong	−0.0151%	1h	118.89	long leg	$4K	$2K	12x
Derive SOL-PERP	−0.0104%	1h	118.69	−0.165%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.64	−0.214%	—	$724K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.75	−0.117%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0033%	1h	118.81	−0.066%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.70	−0.161%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.79	−0.081%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.65	−0.200%	$179K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	118.73	−0.133%	$4.9M	$26.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0042%	1h	118.74	−0.126%	$1.5M	$6.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0048%	1h	118.83	−0.047%	$26.7M	$27.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	118.78	−0.094%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0069%	8h	118.66	−0.197%	$231.2M	$43.7M	75x	as long as short
BingX SOL-USDT	+0.0070%	8h	118.64	−0.211%	—	$371.7M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.68	−0.177%	$104K	$151K	20x	as long as short
Gate SOL_USDT	+0.0082%	8h	118.67	−0.185%	$856.9M	$678.3M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.79	−0.082%	$123K	$606K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.74	−0.123%	$13.4M	$53.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.74	−0.130%	$2.0M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.73	−0.131%	$353K	$741K	20x	as long as short
KuCoin SOLUSDTM	+0.0097%	8h	118.66	−0.193%	$143.4M	$196.6M	75x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.66	−0.196%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.66	−0.193%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	−0.139%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.75	−0.118%	$716.0M	$412.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.73	−0.132%	$178.8M	$174.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.74	−0.125%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.64	−0.210%	$970.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.66	−0.193%	$820.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.62	−0.227%	$369.4M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.Pshort	+0.0100%	1h	118.76	−0.109%	$233K	$861K	10x
Arcus SOL-USD	+0.0100%	1h	118.72	−0.143%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.67	−0.185%	$466.5M	$1.08B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.65	−0.205%	$495.4M	$448.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.86	−0.025%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.76	−0.113%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	−0.150%	$95.3M	$397.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.74	−0.124%	$48.6M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.80	−0.076%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.65	−0.202%	$363K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.67	−0.181%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.77	−0.105%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.76	−0.111%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.76	−0.109%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.82	−0.059%	$46.3M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.152%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.62	−0.229%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.86	−0.024%	$8.1M	$414.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.78	−0.096%	—	$217.4M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.79	−0.084%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0091%	1h	118.78	−0.088%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.68	−0.176%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.65	−0.203%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.75	−0.118%	$51.8M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.84	−0.046%	$36.1M	$89.7M	100x	as long as short