Funding you earn now, next payment 04:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.029%
Price spread now: Backpack against Reya+0.060%7-day average +0.121% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.130%−$13 on $10k
+Price spread, last 7 days−0.272%−$27 · spread now +0.060%, 7d avg +0.121%
=Together, before fees−0.402%+ Points / potential airdropReya: Active · farm board−$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Backpack is 0.061% cheaper against Reya than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.121%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya SOLRUSDPERP | 116.61 | 0.0190 | pay 0.0024% / 1h | 54m 47s | $1.1M | $538K | 25x |
| Short | Backpack SOL_USDC_PERP | 116.68 | 0.0100 | get 0.0013% / 1h | 54m 47s | $23.3M | $37.6M | 50x |
Reya SOLRUSDPERP
Backpack SOL_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Reya. 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
- −$18.85
- Price spread: +0.060% → +0.121%
- −$6.1
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$40.95
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Backpack: live order book, 4 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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 4 min ago | 0.43 bp | 5.4 bp −$5 | 6.5 bp −$65 | 8.6 bp −$859 | doesn't fit |
Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SOLUSDT | −0.0435% | 1h | 116.33 | −0.240% | $1.7M | $6.0M | 50x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.77 | +0.140% | $913 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0075% | 1h | 116.59 | −0.019% | — | $605K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.69 | +0.064% | $54K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 116.69 | +0.069% | $4.4M | $24.2M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.69 | +0.069% | $1.4M | $18.8M | 3.1x | as long as short |
| Hibachi SOL/USDT-P | 0.0000% | 1h | 116.76 | +0.126% | $103K | $700K | 20x | as long as short |
| Derive SOL-PERP | +0.0012% | 1h | 116.63 | +0.020% | $1.9M | $2.8M | 13x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0047% | 1h | 116.71 | +0.087% | $26.3M | $25.2M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0056% | 1h | 116.72 | +0.094% | $100K | $168K | 20x | as long as short |
ApeX Omni SOLUSDT
Hotstuff SOL-PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Hibachi SOL/USDT-P
Derive SOL-PERP
Deribit SOL_USDC-PERPETUAL
01 Exchange SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International SOL-PERP-INTX | +0.0064% | 1h | 116.66 | +0.044% | $7.6M | $404.1M | 50x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0075% | 1h | 116.65 | +0.032% | $30.8M | $100.0M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0091% | 8h | 116.70 | +0.078% | $1.0M | $5.8M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.70 | +0.077% | $13.0M | $59.5M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.69 | +0.068% | $2.2M | $16.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.66 | +0.041% | $342K | $228K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 116.70 | +0.080% | $1.0M | $522K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 116.66 | +0.043% | $50K | $845K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.62 | +0.008% | $5.6M | $39.2M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.77 | +0.137% | $707.7M | $394.8M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 116.68 | +0.056% | $175.3M | $181.9M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.70 | +0.080% | $15.5M | $130.0M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.66 | +0.043% | $961.8M | $3.77B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 116.61 | 0.000% | $795.0M | $1.32B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.65 | +0.034% | $364.9M | $1.66B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.75 | +0.120% | $232K | $849K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.77 | +0.137% | $2.0M | $9.1M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.86 | +0.210% | $134.6M | $18.3M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.67 | +0.051% | $848.7M | $651.6M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.65 | +0.034% | $415.9M | $1.05B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.68 | +0.062% | $126.6M | $216.5M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 116.68 | +0.056% | $481.8M | $439.0M | 100x | as long as short |
| BingX SOL-USDT | +0.0100% | 8h | 116.66 | +0.045% | — | $365.2M | — | as long as short |
| Backpack SOL_USDC_PERPshort | +0.0100% | 1h | 116.68 | +0.060% | $23.3M | $37.6M | 50x | |
| Variational Omni SOL | +0.0100% | 8h | 116.68 | +0.056% | $24.4M | $115.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.36 | −0.213% | $93.5M | $396.0M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.56 | −0.041% | $47.6M | $29.2M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.76 | +0.128% | $1.3M | $13.1M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.65 | +0.034% | $336K | $2.5M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.69 | +0.064% | $148K | $1.6M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.61 | +0.002% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.65 | +0.034% | $6.0M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.65 | +0.032% | $226.4M | $46.4M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.72 | +0.094% | $45.6M | $101.1M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.65 | +0.030% | $8.0M | $36.5M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.76 | +0.124% | — | $221.3M | 500x | as long as short |
| Phoenix SOL | +0.0129% | 1h | 116.77 | +0.137% | $6.5M | $13.4M | 25x | as long as short |
| Injective SOL/USDC PERP | +0.0137% | 1h | 117.56 | +0.814% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERPlong | +0.0190% | 1h | 116.61 | long leg | $1.1M | $538K | 25x | |
| Bluefin SOL-PERP | +0.0205% | 1h | 116.66 | +0.044% | $25K | $29K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.62 | +0.008% | $51.8M | $71.9M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0232% / S −0.0170% | 1h | 116.70 | +0.075% | $3.5M | — | 200x | as long as short |
| Perpl SOL | +0.0335% | 43m | 116.67 | +0.052% | $128K | $3.7M | 8.3x | as long as short |
| Aftermath Perps SOLUSD | +0.0453% | 1h | 116.81 | +0.170% | $25K | $50K | 20x | as long as short |
| RISEx SOL/USDC | +0.0559% | 1h | 116.81 | +0.175% | $1.9M | $4.9M | 20x | as long as short |
Coinbase International SOL-PERP-INTX
Kraken Futures PF_SOLUSD
Orderly PERP_SOL_USDC
Lighter SOL
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
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
BingX SOL-USDT
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
Phoenix SOL
Injective SOL/USDC PERP
Bluefin SOL-PERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Perpl SOL
Aftermath Perps SOLUSD
RISEx SOL/USDC