Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.042%
Price spread now: dYdX against Backpack+0.085%7-day average −0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days−0.176%−$18 on $10k
+Price spread, last 7 days+0.331%+$33 · spread now +0.085%, 7d avg −0.114%
=The price spread pays, funding is against you. dYdX is 0.199% dearer against Backpack than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of −0.114%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SOL_USDC_PERP | 117.99 | 0.0100 | pay 0.0013% / 1h | 23m 59s | $23.8M | $37.5M | 50x |
| Short | dYdX SOL-USD | 118.09 | 0 | get 0.0000% / 1h | 23m 59s | $4.5M | $24.2M | 20x |
Backpack SOL_USDC_PERP
dYdX SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: +0.085% → −0.114%
- $19.89
- Slippage, 4 orders
- −$20.91
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$42.03
- Costs to cover
- 0.409%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 5 min ago; dYdX: live order book, just now.
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, 5 min ago | 0.42 bp | 6.0 bp −$6 | 7.5 bp −$75 | 9.7 bp −$970 | 2095.7 bp −$1.05M |
| Sell dYdX live order book, just now | 7.63 bp | 16.8 bp −$17 | 16.9 bp −$169 | 47.0 bp −$4,703 | 97.6 bp −$48.8K |
SOL on 54 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.00 | +0.005% | $923 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0068% | 1h | 117.95 | −0.034% | — | $607K | 20x | as long as short |
| Hibachi SOL/USDT-P | −0.0032% | 1h | 118.16 | +0.146% | $101K | $691K | 20x | as long as short |
| Derive SOL-PERP | −0.0027% | 1h | 117.88 | −0.094% | $2.0M | $2.8M | 13x | as long as short |
| ApeX Omni SOLUSDT | −0.0003% | 1h | 117.89 | −0.081% | $1.5M | $6.0M | 50x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 117.96 | −0.025% | $53K | — | 150x | as long as short |
| dYdX SOL-USDshort | 0.0000% | 1h | 118.09 | +0.085% | $4.5M | $24.2M | 20x | |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.02 | +0.024% | $1.4M | $20.9M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 117.98 | −0.004% | $129K | $3.9M | 8.3x | as long as short |
| RISEx SOL/USDC | +0.0018% | 1h | 117.97 | −0.017% | $2.0M | $4.7M | 20x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
Hibachi SOL/USDT-P
Derive SOL-PERP
ApeX Omni SOLUSDT
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
RISEx SOL/USDCShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SOL_USDT | +0.0043% | 8h | 117.99 | 0.000% | $853.7M | $662.4M | 100x | as long as short |
| HTX SOL-USDT | +0.0049% | 8h | 117.92 | −0.056% | $229.2M | $45.5M | 75x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0049% | 1h | 117.99 | +0.001% | $31.7M | $98.8M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0072% | 1h | 118.01 | +0.018% | $8.0M | $410.4M | 50x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 117.98 | −0.012% | — | $10.6M | — | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0086% | 1h | 118.01 | +0.021% | $26.5M | $25.5M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0087% | 8h | 117.98 | −0.004% | $1.1M | $5.8M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 117.99 | −0.002% | $13.1M | $60.0M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 117.98 | −0.008% | $2.2M | $16.8M | 25x | as long as short |
| 01 Exchange SOLUSD | +0.0096% | 1h | 117.98 | −0.008% | $103K | $159K | 20x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 117.96 | −0.023% | $346K | $258K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 117.97 | −0.021% | $1.0M | $519K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 117.93 | −0.051% | $65K | $853K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.05 | +0.051% | $5.7M | $41.7M | 40x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 117.99 | +0.003% | $177.2M | $180.0M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.06 | +0.056% | $14.4M | $128.9M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 117.98 | −0.008% | $972.4M | $3.80B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.00 | +0.010% | $822.7M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 117.97 | −0.017% | $366.6M | $1.68B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.01 | +0.017% | $239K | $894K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 117.98 | −0.012% | $2.0M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.00 | +0.008% | $135.1M | $14.3M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.00 | +0.008% | $426.2M | $1.11B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 117.97 | −0.020% | $131.7M | $210.3M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 117.97 | −0.018% | $488.5M | $440.7M | 100x | as long as short |
| Backpack SOL_USDC_PERPlong | +0.0100% | 1h | 117.99 | long leg | $23.8M | $37.5M | 50x | |
| Variational Omni SOL | +0.0100% | 8h | 118.14 | +0.123% | $24.5M | $122.9M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 117.99 | 0.000% | $94.8M | $404.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 117.98 | −0.008% | $48.3M | $29.0M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.06 | +0.059% | $1.3M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 117.97 | −0.017% | $354K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 117.98 | −0.012% | $201K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 117.94 | −0.045% | $37K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.02 | +0.022% | $192K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 117.97 | −0.017% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 117.94 | −0.042% | $46.0M | $101.5M | 50x | as long as short |
| Phoenix SOL | +0.0101% | 1h | 117.98 | −0.008% | $6.5M | $13.5M | 25x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 117.94 | −0.039% | $8.1M | $36.2M | 50x | as long as short |
| Hyperliquid SOL | +0.0106% | 1h | 118.10 | +0.093% | $722.1M | $399.9M | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0112% / S +0.0056% | 1h | 117.96 | −0.028% | — | $226.2M | 500x | as long as short |
| Reya SOLRUSDPERP | +0.0188% | 1h | 117.96 | −0.024% | $1.1M | $523K | 25x | as long as short |
| Injective SOL/USDC PERP | +0.0222% | 1h | 117.87 | −0.102% | $4K | $2K | 12x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0174% | 1h | 117.96 | −0.026% | $3.6M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0330% | 1h | 117.96 | −0.025% | $25K | $51K | 20x | as long as short |
Gate SOL_USDT
HTX SOL-USDT
Kraken Futures PF_SOLUSD
Coinbase International SOL-PERP-INTX
BingX SOL-USDC
Deribit SOL_USDC-PERPETUAL
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
01 Exchange SOLUSD
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
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
Phoenix SOL
Extended SOL-USD
Hyperliquid SOL
Jupiter Perps SOL-PERP
Reya SOLRUSDPERP
Injective SOL/USDC PERP
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD