Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.40 per $10,000 · paid last 24h +0.011%
Price spread now: Katana Perps against Orderly−0.144%7-day average −0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.016%+$2 on $10k
+Price spread, last 3 days (all we have)+0.350%+$35 · spread now −0.144%, 7d avg −0.010%
=Funding pays, the price is against you. Katana Perps is 0.133% cheaper against Orderly than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of −0.010%). If the spread goes back, that is −$13 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.016% in total) that is about 30 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SOL_USDC | 119.16 | 0.0060 | pay 0.0060% / 8h | 2h 36m | $1.1M | $5.9M | 100x |
| Short | Katana Perps SOL-USD | 118.99 | 0.0100 | get 0.0100% / 8h | 2h 36m | $45K | $780K | 20x |
Orderly PERP_SOL_USDC
Katana Perps SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Orderly. 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
- $8.41
- Price spread: −0.144% → −0.010%
- −$13.35
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$14.73
- Costs to cover
- 0.098%
- Break-even
- 19.3 days
Slippage unknown: Orderly: no order-book sample; Katana 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Orderly and Katana 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 PERP | −0.0151% | 1h | 118.89 | −0.227% | $4K | $2K | 12x | as long as short |
| Derive SOL-PERP | −0.0104% | 1h | 119.06 | −0.084% | $2.0M | $3.2M | 13x | as long as short |
| Vest SOL-PERP | −0.0080% | 1h | 119.02 | −0.117% | — | $724K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.72 | −0.368% | $842 | $8K | 25x | as long as short |
| Aftermath Perps SOLUSD | −0.0025% | 1h | 118.87 | −0.246% | $24K | $47K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.16 | −0.003% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.00 | −0.136% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.11 | −0.042% | $180K | $4.0M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 119.19 | +0.020% | $26.7M | $27.6M | 50x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 119.00 | −0.138% | $4.9M | $26.9M | 20x | as long as short |
Injective SOL/USDC PERP
Derive SOL-PERP
Vest SOL-PERP
Hotstuff SOL-PERP
Aftermath Perps SOLUSD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Deribit SOL_USDC-PERPETUAL
dYdX SOL-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SOLUSDT | +0.0042% | 1h | 118.74 | −0.353% | $1.5M | $6.2M | 50x | as long as short |
| Orderly PERP_SOL_USDClong | +0.0060% | 8h | 119.16 | long leg | $1.1M | $5.9M | 100x | |
| HTX SOL-USDT | +0.0068% | 8h | 119.05 | −0.096% | $231.9M | $43.6M | 75x | as long as short |
| BingX SOL-USDC | +0.0070% | 8h | 118.96 | −0.170% | — | $10.5M | — | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 119.01 | −0.127% | $104K | $152K | 20x | as long as short |
| Gate SOL_USDT | +0.0083% | 8h | 118.92 | −0.202% | $859.5M | $679.3M | 100x | as long as short |
| Hibachi SOL/USDT-P | +0.0088% | 1h | 118.93 | −0.195% | $123K | $600K | 20x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.97 | −0.160% | $13.5M | $53.5M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.96 | −0.171% | $2.0M | $16.7M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.14 | −0.020% | $354K | $741K | 20x | as long as short |
| KuCoin SOLUSDTM | +0.0098% | 8h | 119.01 | −0.126% | $143.2M | $196.5M | 75x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 118.91 | −0.214% | $1.0M | $524K | 50x | as long as short |
| Katana Perps SOL-USDshort | +0.0100% | 8h | 118.99 | −0.144% | $45K | $780K | 20x | |
| Nado SOL-PERP | +0.0100% | 1h | 119.10 | −0.047% | $5.5M | $40.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.10 | −0.051% | $717.9M | $413.0M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.02 | −0.117% | $179.2M | $174.4M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.00 | −0.136% | $12.4M | $114.1M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.98 | −0.152% | $971.8M | $3.73B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.99 | −0.141% | $822.6M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.98 | −0.152% | $370.2M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.14 | −0.018% | $234K | $864K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.00 | −0.134% | $2.0M | $8.9M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.92 | −0.202% | $467.7M | $1.08B | 300x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.93 | −0.196% | $496.4M | $448.4M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.14 | −0.018% | $24.4M | $38.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.76 | −0.340% | $27.4M | $127.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.71 | −0.379% | $95.3M | $397.3M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.74 | −0.351% | $48.6M | $33.3M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.87 | −0.244% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.14 | −0.018% | $364K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.13 | −0.026% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.13 | −0.024% | $37K | $15K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.10 | −0.051% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.12 | −0.034% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.10 | −0.051% | $46.5M | $99.9M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.71 | −0.379% | $133.1M | $11.8M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.94 | −0.188% | $8.6M | $37.0M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.16 | +0.003% | $8.1M | $414.8M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.15 | −0.013% | — | $217.3M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 118.79 | −0.311% | $6.7M | $12.5M | 25x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 119.01 | −0.128% | $1.6M | $6.1M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 119.13 | −0.029% | $1.1M | $557K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.12 | −0.034% | $51.8M | $86.8M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0223% | 1h | 119.12 | −0.031% | $36.1M | $89.3M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0237% / S −0.0173% | 1h | 119.15 | −0.012% | $3.6M | — | 200x | as long as short |
ApeX Omni SOLUSDT
HTX SOL-USDT
BingX SOL-USDC
01 Exchange SOLUSD
Gate SOL_USDT
Hibachi SOL/USDT-P
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
KuCoin SOLUSDTM
Paradex SOL-USD-PERP
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
MEXC SOL_USDT
Bitget SOLUSDT
Backpack SOL_USDC_PERP
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
Bulk SOL-USD
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Phoenix SOL
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]