SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0190%/8h= −20.9% APRnext payment −$1.90 per $10,000 · paid last 24h +0.008%

Price spread now: Bybit against Orderly−0.086%7-day average −0.001% · you buy dearer than you sell

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.195%+$20 · spread now −0.086%, 7d avg −0.001%

Together, before fees+0.174%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.085% cheaper against Orderly than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.90 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	Orderly PERP_SOL_USDC	116.33	0.0095	pay 0.0095% / 8h	2h 59m	$1.0M	$5.9M	100x
Short	Bybit SOLUSDT	116.23	−0.0096	pay 0.0096% / 8h	2h 59m	$746.0M	$1.40B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$40
Price spread: −0.086% → −0.001%: −$8.54
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$65.54
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.43 bp	5.9 bp −$6	7.6 bp −$76	13.4 bp −$1,338	28.7 bp −$14.3K

Orderly: 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
Hibachi SOL/USDT-P	−0.0232%	1h	116.32	−0.007%	$105K	$705K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0194%	1h	116.31	−0.013%	$31.6M	$103.2M	100x	as long as short
Vest SOL-PERP	−0.0115%	1h	116.26	−0.056%	—	$601K	20x	as long as short
Bybit SOLUSDTshort	−0.0096%	8h	116.23	−0.086%	$746.0M	$1.40B	100x
Hotstuff SOL-PERP	−0.0080%	1h	116.32	−0.010%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0025%	1h	116.26	−0.062%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.32	−0.009%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.34	+0.009%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0011%	1h	116.31	−0.018%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.30	−0.028%	$7.6M	$404.4M	50x	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	+0.0056%	1h	116.32	−0.009%	$99K	$175K	20x	as long as short
Bullet SOL-USD	+0.0068%	1h	116.31	−0.019%	$147K	$1.6M	20x	as long as short
Bitget SOLUSDT	+0.0085%	8h	116.31	−0.015%	$480.6M	$448.6M	100x	as long as short
Orderly PERP_SOL_USDClong	+0.0095%	8h	116.33	long leg	$1.0M	$5.9M	100x
Lighter SOL	+0.0096%	1h	116.38	+0.042%	$13.1M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.38	+0.046%	$2.2M	$16.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.32	−0.006%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.26	−0.060%	$60K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.34	+0.010%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.30	−0.029%	$5.3M	$40.4M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.36	+0.028%	$174.3M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.34	+0.006%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.27	−0.052%	$969.5M	$3.84B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.32	−0.009%	$366.6M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.32	−0.009%	$214K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.36	+0.029%	$917K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.27	−0.055%	$131.6M	$15.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.28	−0.043%	$852.5M	$673.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.27	−0.052%	$372.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.27	−0.048%	$123.3M	$227.1M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.27	−0.051%	—	$365.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.30	−0.026%	$22.9M	$40.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.20	−0.108%	$25.0M	$114.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.34	+0.013%	$93.4M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.43	+0.086%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.29	−0.034%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.37	+0.034%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.30	−0.026%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.31	−0.017%	$25K	$32K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.33	−0.004%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.32	−0.009%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.31	−0.020%	$225.4M	$48.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.33	0.000%	$45.3M	$103.4M	50x	as long as short
Hyperliquid SOL	+0.0102%	1h	116.40	+0.060%	$700.4M	$395.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.23	−0.089%	$8.3M	$37.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.50	+0.146%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.31	−0.019%	—	$236.1M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0143%	1h	116.37	+0.037%	$26.2M	$23.1M	50x	as long as short
Phoenix SOL	+0.0151%	1h	116.36	+0.026%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.28	−0.043%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.35	+0.017%	$51.8M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0179%	1h	116.32	−0.009%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.30	−0.025%	$114K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.38	+0.042%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0567%	1h	116.40	+0.061%	$25K	$52K	20x	as long as short