SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0101%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%

Price spread now: Backpack against gTrade (Gains Network)−0.077%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Backpack

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—needs both histories

Funding pays, the price is against you. Backpack is 0.077% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SOL/USD	116.82	L −0.0001% / S +0.0004%	get 0.0000% / 1h	54m 01s	$54K	—	150x
Short	Backpack SOL_USDC_PERP	116.73	0.0100	get 0.0013% / 1h	54m 01s	$23.2M	$39.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now −0.077%Rate

Funding earned: $21.16
Price spread: −0.077% → 0.000%: −$7.7
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$6.54
Costs to cover: 0.200%
Break-even: 9.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 5 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 5 min ago	0.43 bp	5.9 bp −$6	7.0 bp −$70	9.1 bp −$915	doesn't fit

gTrade (Gains Network): 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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.76	−0.050%	$31.1M	$100.4M	100x	as long as short
Hibachi SOL/USDT-P	−0.0168%	1h	116.92	+0.089%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0095%	1h	116.78	−0.036%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.95	+0.114%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USDlong	L −0.0001% / S +0.0004%	1h	116.82	long leg	$54K	—	150x
Kalshi KXSOLPERP	0.0000%	8h	116.82	+0.003%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0008%	1h	116.95	+0.110%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0030%	1h	116.72	−0.089%	$1.9M	$2.8M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.79	−0.029%	$7.4M	$404.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.79	−0.027%	$1.0M	$5.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0095%	1h	116.82	0.000%	$26.3M	$23.3M	50x	as long as short
Lighter SOL	+0.0096%	1h	116.76	−0.052%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.76	−0.054%	$2.2M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	116.87	+0.043%	$99K	$174K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.65	−0.146%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.86	+0.034%	$50K	$882K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.99	+0.143%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.80	−0.013%	$5.4M	$40.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.83	+0.009%	$705.4M	$393.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.78	−0.032%	$174.9M	$182.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.00	+0.153%	$15.8M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.89	+0.060%	$975.4M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.82	0.000%	$775.3M	$1.36B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.84	+0.017%	$367.8M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.84	+0.017%	$231K	$837K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.94	+0.104%	$927K	$8.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.72	−0.086%	$845.5M	$655.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.86	+0.034%	$367.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.82	−0.001%	$129.3M	$222.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.80	−0.018%	$479.7M	$442.2M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.85	+0.023%	—	$365.9M	—	as long as short
Backpack SOL_USDC_PERPshort	+0.0100%	1h	116.73	−0.077%	$23.2M	$39.1M	50x
Variational Omni SOL	+0.0100%	8h	116.63	−0.159%	$24.5M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.68	−0.117%	$93.7M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.61	−0.180%	$47.7M	$30.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.73	−0.075%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.86	+0.034%	$1.3M	$12.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.80	−0.017%	$322K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.80	−0.020%	$149K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.78	−0.039%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.81	−0.011%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.77	−0.043%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.74	−0.072%	$226.4M	$47.9M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.79	−0.026%	$45.7M	$102.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.90	+0.068%	$134.0M	$22.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.78	−0.031%	$8.3M	$37.5M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.72	−0.086%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.96	+0.119%	—	$231.4M	500x	as long as short
Phoenix SOL	+0.0137%	1h	116.80	−0.017%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.76	−0.053%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.94	+0.103%	$52.1M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.81	−0.009%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.83	+0.007%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0533%	1h	116.84	+0.014%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.98	+0.141%	$1.9M	$4.8M	20x	as long as short