SOL

Alert

Funding spread now, next payment 14:00 UTC−0.0229%/8h

next payment, per $10,000−$0.29paid, last 24h+0.019%paid, last 7 days+0.050%to open and close $10k−$26

Long on Backpack Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SOL_USDC_PERP	118.06	0.0100	pay 0.0013% / 1h	37m 30s	$24.5M	$31.5M	50x
Short	Kraken Futures PF_SOLUSD	118.10	−0.0129	pay 0.0016% / 1h	37m 30s	$31.2M	$75.6M	100x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Kraken FuturesbpOrdersRate

Funding earned: −$47.99
Slippage, 4 orders: −$6.42
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$74.41
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.036%
Avg gap 7d: −0.006%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 3 min ago	0.43 bp	6.3 bp −$6	7.4 bp −$74	10.1 bp −$1,015	1680.1 bp −$840.0K
Sell Kraken Futures live order book, 3 min ago	1.28 bp	7.7 bp −$8	9.8 bp −$98	16.2 bp −$1,617	29.9 bp −$14.9K

SOL on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni SOLUSDT	−0.0144%	1h	$1.4M	$5.6M	50x	as long as short
Kraken Futures PF_SOLUSDshort	−0.0129%	1h	$31.2M	$75.6M	100x
Perpl SOL	−0.0112%	43m	$332K	$3.1M	8.3x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	$4K	$271	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	—	$808K	20x	as long as short
dYdX SOL-USD	−0.0028%	1h	$4.8M	$19.7M	20x	as long as short
SoDEX SOL-USD	−0.0002%	1h	$7.3M	$3.5M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	$57K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	$881K	$17.4M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	$25.7M	$23.2M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Derive SOL-PERP	+0.0004%	1h	$1.9M	$2.3M	13x	as long as short
Bullet SOL-USD	+0.0026%	1h	$198K	$1.7M	20x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	$110K	$101K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	$1.1M	$3.0M	100x	as long as short
RISEx SOL/USDC	+0.0091%	1h	$1.6M	$7.3M	20x	as long as short
Lighter SOL	+0.0096%	1h	$14.3M	$40.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	$2.1M	$13.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	$345K	$762K	20x	as long as short
OKX SOL-USDT-SWAP	+0.0097%	8h	$374.3M	$1.50B	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	$1.5M	$91K	50x	as long as short
Gate SOL_USDT	+0.0099%	8h	$859.1M	$594.7M	100x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	$58K	$401K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	$5.7M	$33.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	$183.1M	$132.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	$12.1M	$60.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	$981.6M	$3.00B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	$821.5M	$1.07B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	$224K	$894K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	$1.5M	$6.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	$114.1M	$20.1M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	$431.2M	$990.3M	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	$144.5M	$135.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	$493.0M	$371.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	—	$354.2M	—	as long as short
Backpack SOL_USDC_PERPlong	+0.0100%	1h	$24.5M	$31.5M	50x
Variational Omni SOL	+0.0100%	8h	$26.0M	$82.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	$106.1M	$299.9M	75x	as long as short
StandX SOL-USD	+0.0100%	1h	$1.3M	$9.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	$370K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	$37K	$25K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	$195K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	$230.9M	$34.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	$46.2M	$80.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	$8.2M	$26.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	—	$152.1M	500x	as long as short
Coinbase International SOL-PERP-INTX	+0.0120%	1h	$8.3M	$317.2M	50x	as long as short
Hyperliquid SOL	+0.0120%	1h	$729.9M	$376.1M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0187% / S −0.0099%	1h	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	$1.1M	$541K	25x	as long as short
Phoenix SOL	+0.0212%	1h	$7.3M	$10.0M	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	$53.0M	$86.0M	125x	as long as short
Aftermath Perps SOLUSD	+0.0409%	1h	$24K	$39K	20x	as long as short
Hibachi SOL/USDT-P	+0.0440%	1h	$107K	$433K	20x	as long as short
Injective SOL/USDC PERP	+0.0951%	1h	$4K	$206K	12x	as long as short