Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.001%
Price spread now: Coinbase International against Backpack+0.044%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.044%, 7d avg +0.016%
=The price spread pays, funding is against you. Coinbase International is 0.028% dearer against Backpack than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.016%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.034% in total) that is about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SOL_USDC_PERP | 116.47 | 0.0100 | pay 0.0013% / 1h | 48m 40s | $23.3M | $37.6M | 50x |
| Short | Coinbase International SOL-PERP-INTX | 116.52 | 0.0064 | get 0.0008% / 1h | 48m 40s | $7.5M | $403.8M | 50x |
Backpack SOL_USDC_PERP
Coinbase International SOL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Backpack. 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
- −$7.56
- Price spread: +0.044% → +0.016%
- $2.76
- Slippage, 4 orders
- −$2.96
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$27.76
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from Backpack: live order book, just now; Coinbase International: live order book, 6 min ago.
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 Backpack live order book, just now | 0.43 bp | 6.8 bp −$7 | 8.5 bp −$85 | 10.9 bp −$1,087 | 2329.4 bp −$1.16M |
| Sell Coinbase International live order book, 6 min ago | 0.04 bp | 5.1 bp −$5 | 7.6 bp −$76 | 14.3 bp −$1,430 | 171.8 bp −$85.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Vest SOL-PERP | −0.0083% | 1h | 116.50 | +0.024% | — | $602K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.53 | +0.053% | $911 | $8K | 25x | as long as short |
| Hibachi SOL/USDT-P | −0.0032% | 1h | 116.61 | +0.124% | $103K | $700K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.52 | +0.041% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.56 | +0.081% | $1.4M | $18.7M | 3.1x | as long as short |
| dYdX SOL-USD | +0.0001% | 1h | 116.49 | +0.017% | $4.4M | $24.2M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0005% | 1h | 116.61 | +0.120% | $1.3M | $6.2M | 50x | as long as short |
| Derive SOL-PERP | +0.0012% | 1h | 116.44 | −0.029% | $1.9M | $2.8M | 13x | as long as short |
| 01 Exchange SOLUSD | +0.0032% | 1h | 116.51 | +0.034% | $99K | $168K | 20x | as long as short |
| Coinbase International SOL-PERP-INTXshort | +0.0064% | 1h | 116.52 | +0.044% | $7.5M | $403.8M | 50x |
Vest SOL-PERP
Hotstuff SOL-PERP
Hibachi SOL/USDT-P
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
dYdX SOL-USD
ApeX Omni SOLUSDT
Derive SOL-PERP
01 Exchange SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOLUSD | +0.0075% | 1h | 116.50 | +0.024% | $30.9M | $100.5M | 100x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0085% | 1h | 116.56 | +0.078% | $26.2M | $25.2M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0091% | 8h | 116.50 | +0.023% | $1.0M | $5.8M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.48 | +0.010% | $13.0M | $59.6M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.47 | −0.001% | $2.2M | $16.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.50 | +0.027% | $341K | $236K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0098% | 8h | 116.50 | +0.026% | $50K | $866K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 116.53 | +0.048% | $987K | $533K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.52 | +0.047% | $5.5M | $39.3M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.56 | +0.077% | $706.0M | $395.2M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 116.52 | +0.041% | $175.0M | $181.9M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.52 | +0.043% | $15.7M | $129.8M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.48 | +0.007% | $962.6M | $3.77B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 116.44 | −0.026% | $791.6M | $1.33B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.51 | +0.034% | $364.2M | $1.66B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.43 | −0.034% | $232K | $852K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.54 | +0.057% | $2.0M | $9.1M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.66 | +0.161% | $133.8M | $20.4M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.46 | −0.009% | $845.1M | $653.6M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.50 | +0.026% | $416.5M | $1.06B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.46 | −0.005% | $126.4M | $216.8M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 116.49 | +0.021% | $481.1M | $439.5M | 100x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.46 | −0.010% | — | $10.5M | — | as long as short |
| Backpack SOL_USDC_PERPlong | +0.0100% | 1h | 116.47 | long leg | $23.3M | $37.6M | 50x | |
| Variational Omni SOL | +0.0100% | 8h | 116.54 | +0.064% | $24.4M | $114.9M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.65 | +0.155% | $93.7M | $396.9M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.72 | +0.211% | $47.7M | $29.3M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.60 | +0.112% | $1.3M | $13.1M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.51 | +0.034% | $331K | $2.5M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.51 | +0.032% | $148K | $1.6M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.48 | +0.005% | $25K | $29K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.49 | +0.018% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.51 | +0.034% | $6.0M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.50 | +0.026% | $226.1M | $46.4M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.54 | +0.060% | $45.5M | $101.0M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.45 | −0.013% | $8.0M | $36.6M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.57 | +0.090% | — | $228.2M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0137% | 1h | 117.56 | +0.936% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0137% | 1h | 116.76 | +0.249% | $6.5M | $13.4M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0190% | 1h | 116.49 | +0.018% | $1.1M | $538K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.49 | +0.017% | $51.8M | $71.8M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0232% / S −0.0170% | 1h | 116.52 | +0.041% | $3.5M | — | 200x | as long as short |
| Perpl SOL | +0.0335% | 43m | 116.60 | +0.114% | $141K | $3.7M | 8.3x | as long as short |
| Aftermath Perps SOLUSD | +0.0484% | 1h | 116.69 | +0.190% | $25K | $51K | 20x | as long as short |
| RISEx SOL/USDC | +0.0559% | 1h | 116.62 | +0.129% | $1.9M | $4.9M | 20x | as long as short |
Kraken Futures PF_SOLUSD
Deribit SOL_USDC-PERPETUAL
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Katana Perps SOL-USD
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
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
BingX SOL-USDC
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
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Perpl SOL
Aftermath Perps SOLUSD
RISEx SOL/USDC