SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Backpack against Aevo+0.012%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.012%, 7d avg +0.018%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	117.73	0.0096	pay 0.0012% / 1h	29m 07s	$345K	$256K	20x
Short	Backpack SOL_USDC_PERP	117.74	0.0100	get 0.0013% / 1h	29m 07s	$23.7M	$37.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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 AevobpFee BackpackbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0.84
Price spread: +0.012% → +0.018%: −$0.66
Slippage, 4 orders: −$23.73
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$49.55
Costs to cover: 0.497%
Break-even: 420.0 days

Slippage from Aevo: live order book, 40 min ago; Backpack: live order book, 5 min ago.

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 Aevo live order book, 40 min ago	10.53 bp	19.1 bp −$19	25.5 bp −$255	39.0 bp −$3,897	doesn't fit
Sell Backpack live order book, 5 min ago	0.43 bp	6.2 bp −$6	7.6 bp −$76	10.0 bp −$1,004	doesn't fit

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.76	+0.031%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0070%	1h	117.81	+0.071%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.70	−0.026%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0048%	1h	117.85	+0.103%	$92K	$691K	20x	as long as short
ApeX Omni SOLUSDT	−0.0019%	1h	117.75	+0.020%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.78	+0.046%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.93	+0.173%	$4.5M	$24.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.86	+0.113%	$1.4M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.92	+0.166%	$129K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0017%	1h	117.77	+0.033%	$26.4M	$25.5M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SOL/USDC	+0.0018%	1h	117.87	+0.120%	$2.0M	$4.6M	20x	as long as short
HTX SOL-USDT	+0.0023%	8h	117.67	−0.045%	$228.7M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0034%	8h	117.76	+0.029%	$853.4M	$660.6M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.67	−0.050%	$31.5M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.73	+0.002%	$8.0M	$409.9M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.76	+0.025%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	117.76	+0.032%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.72	−0.004%	$13.0M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.69	−0.028%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.92	+0.165%	$103K	$160K	20x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	117.73	long leg	$345K	$256K	20x
Paradex SOL-USD-PERP	+0.0100%	8h	117.94	+0.180%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.84	+0.097%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.90	+0.148%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.80	+0.061%	$176.9M	$180.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	+0.183%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.79	+0.054%	$971.9M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.83	+0.088%	$821.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.80	+0.063%	$365.9M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.88	+0.131%	$238K	$893K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.90	+0.148%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.147%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.76	+0.029%	$423.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.73	+0.002%	$131.4M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.75	+0.017%	$487.4M	$441.6M	100x	as long as short
Backpack SOL_USDC_PERPshort	+0.0100%	1h	117.74	+0.012%	$23.7M	$37.6M	50x
Variational Omni SOL	+0.0100%	8h	117.72	−0.008%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.73	0.000%	$94.6M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	−0.100%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.84	+0.097%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.87	+0.122%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.80	+0.063%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.78	+0.044%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.92	+0.162%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.72	−0.005%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.74	+0.012%	$45.8M	$101.5M	50x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.86	+0.118%	$719.8M	$402.1M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	+0.216%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.70	−0.020%	$8.2M	$35.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.90	+0.152%	—	$227.1M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.79	+0.052%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.403%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	117.80	+0.060%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0318%	1h	117.79	+0.050%	$25K	$51K	20x	as long as short