SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.054%

Price spread now: Hotstuff against Backpack+0.111%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Hotstuff is 0.111% dearer against Backpack than usual: you sell high and buy low (spread +0.111% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SOL_USDC_PERP	119.39	0.0100	pay 0.0013% / 1h	53m 37s	$24.1M	$38.7M	50x
Short	Hotstuff SOL-PERP	119.52	−0.0080	pay 0.0010% / 1h	53m 37s	$847	$8K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Backpack. 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 BackpackbpFee HotstuffbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$37.8
Price spread: +0.111% → 0.000%: $11.14
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$41.66
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 1 min ago; Hotstuff: 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 Backpack live order book, 1 min ago	0.42 bp	5.4 bp −$5	6.7 bp −$67	8.4 bp −$844	1543.1 bp −$771.5K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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
Derive SOL-PERP	−0.0094%	1h	119.34	−0.040%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERPshort	−0.0080%	1h	119.52	+0.111%	$847	$8K	25x
Vest SOL-PERP	−0.0063%	1h	119.40	+0.007%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0005%	1h	119.43	+0.032%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.44	+0.042%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.47	+0.071%	$1.2M	$20.7M	3.1x	as long as short
Hibachi SOL/USDT-P	0.0000%	1h	119.52	+0.109%	$120K	$625K	20x	as long as short
Perpl SOL	0.0000%	43m	119.47	+0.070%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.45	+0.050%	$26.8M	$27.6M	50x	as long as short
Aftermath Perps SOLUSD	+0.0057%	1h	119.31	−0.068%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0064%	8h	119.44	+0.039%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0069%	8h	119.37	−0.020%	$232.5M	$44.7M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.36	−0.028%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0093%	8h	119.40	+0.008%	$869.5M	$675.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.41	+0.018%	$13.7M	$54.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.41	+0.015%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.52	+0.109%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.39	+0.003%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.38	−0.012%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.31	−0.067%	$46K	$791K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.48	+0.075%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.50	+0.092%	$721.1M	$413.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.43	+0.032%	$179.0M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.44	+0.045%	$12.4M	$116.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.41	+0.020%	$978.9M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.44	+0.042%	$824.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.37	−0.017%	$372.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.44	+0.042%	$233K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.37	−0.018%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.05	−0.282%	$133.5M	$10.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.41	+0.017%	$436.5M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.42	+0.027%	$140.9M	$199.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.32	−0.062%	$495.9M	$455.0M	100x	as long as short
Backpack SOL_USDC_PERPlong	+0.0100%	1h	119.39	long leg	$24.1M	$38.7M	50x
Variational Omni SOL	+0.0100%	8h	119.31	−0.063%	$27.4M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.12	−0.224%	$95.7M	$396.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.21	−0.153%	$48.8M	$32.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.13	−0.218%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.53	+0.117%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.45	+0.050%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.42	+0.028%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.44	+0.041%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.42	+0.022%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.40	+0.008%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.39	0.000%	$46.7M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.32	−0.062%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.42	+0.022%	$8.2M	$416.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.53	+0.121%	—	$222.4M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.38	−0.006%	$32.8M	$94.8M	100x	as long as short
Phoenix SOL	+0.0154%	1h	119.37	−0.017%	$6.6M	$13.6M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.44	+0.042%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.43	+0.032%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.36	−0.024%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	+0.017%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.48	+0.075%	$52.0M	$87.2M	125x	as long as short