SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0432%/8h= +47.3% APRnext payment +$0.54 per $10,000 · paid last 24h +0.038%

Price spread now: Reya against Kraken Futures−0.054%7-day average −0.017% · you buy dearer than you sell

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

Long on Kraken Futures Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.139%+$14 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.054%, 7d avg −0.017%

Together, before fees+0.303%+ Points / potential airdropReya: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.037% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.017%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$13 a day). At the pace of the last 3 days (+0.139% in total) that is about 22 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.139% in total (about 14.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.54 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	Kraken Futures PF_SOLUSD	117.11	−0.0238	get 0.0030% / 1h	4m 33s	$33.1M	$104.1M	100x
Short	Reya SOLRUSDPERP	117.05	0.0193	get 0.0024% / 1h	4m 33s	$1.1M	$543K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.054%Rate

Funding earned: $90.71
Price spread: −0.054% → −0.017%: −$3.75
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $70.96
Costs to cover: 0.160%
Break-even: 1.5 days

Slippage unknown: Kraken Futures: live order book, 5 min ago; Reya: 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 Kraken Futures live order book, 5 min ago	0.43 bp	6.1 bp −$6	8.5 bp −$85	14.2 bp −$1,424	30.5 bp −$15.3K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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_SOLUSDlong	−0.0238%	1h	117.11	long leg	$33.1M	$104.1M	100x
Bybit SOLUSDT	−0.0104%	8h	117.03	−0.071%	$742.4M	$1.44B	100x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	117.07	−0.031%	$103K	$688K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.11	0.000%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0035%	1h	117.07	−0.038%	—	$625K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.12	+0.008%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.14	+0.029%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.13	+0.020%	$111K	$3.7M	8.3x	as long as short
dYdX SOL-USD	+0.0008%	1h	117.10	−0.010%	$4.4M	$23.8M	20x	as long as short
Derive SOL-PERP	+0.0015%	1h	117.02	−0.074%	$1.9M	$2.9M	13x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0032%	1h	117.09	−0.017%	$101K	$179K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	117.13	+0.014%	$7.9M	$408.2M	50x	as long as short
Bitget SOLUSDT	+0.0061%	8h	117.05	−0.056%	$482.5M	$461.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	117.11	+0.003%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.06	−0.043%	$13.1M	$61.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.06	−0.047%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.08	−0.027%	$352K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	117.03	−0.068%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.07	−0.036%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.05	−0.052%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.17	+0.052%	$702.2M	$408.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.06	−0.046%	$176.4M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.11	−0.002%	$15.8M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.06	−0.046%	$973.7M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.05	−0.051%	$372.9M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.02	−0.077%	$218K	$883K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.08	−0.027%	$910K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.95	−0.137%	$125.5M	$23.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.06	−0.043%	$847.2M	$676.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.06	−0.043%	$363.9M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.06	−0.041%	$128.9M	$231.4M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.05	−0.049%	—	$372.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.09	−0.017%	$23.2M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.05	−0.047%	$24.8M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.99	−0.100%	$93.9M	$410.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.02	−0.077%	$47.9M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.06	−0.044%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.06	−0.043%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.08	−0.026%	$316K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.10	−0.005%	$169K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.10	−0.009%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.10	−0.012%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.08	−0.026%	$6.2M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.08	−0.029%	$226.8M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.08	−0.026%	$45.5M	$105.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.01	−0.081%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.12	+0.009%	—	$238.1M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	117.09	−0.017%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	117.18	+0.060%	$6.6M	$13.7M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0188%	1h	117.16	+0.042%	$26.5M	$22.0M	50x	as long as short
Reya SOLRUSDPERPshort	+0.0193%	1h	117.05	−0.054%	$1.1M	$543K	25x
BloFin SOL-USDT	+0.0220%	8h	117.08	−0.026%	$51.6M	$68.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	117.11	+0.001%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0492%	1h	116.96	−0.130%	$25K	$56K	20x	as long as short
RISEx SOL/USDC	+0.0547%	1h	117.14	+0.023%	$2.1M	$4.9M	20x	as long as short