Funding you earn now, next payment 08:00 UTC+0.0205%/8h= +22.5% APRnext payment +$2.05 per $10,000 · paid last 24h 0.000%
Price spread now: Katana Perps against Bybit+0.034%46s7-day average −0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.011%+$1 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now +0.034%, 7d avg −0.044%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Katana Perps is 0.078% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.044%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.011% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.05 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 | Bybit SOLUSDT | 116.03 | −0.0106 | get 0.0106% / 8h | 21m 53s | $732.7M | $1.43B | 100x |
| Short | Katana Perps SOL-USD | 116.07 | 0.0100 | get 0.0100% / 8h | 21m 53s | $64K | $912K | 20x |
Bybit SOLUSDT
Katana Perps SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $43.07
- Price spread: +0.034% → −0.044%
- $7.84
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $36.11
- Costs to cover
- 0.148%
- Break-even
- 1.1 days
Slippage unknown: Bybit: live order book, 2 min ago; Katana Perps: 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 Bybit live order book, 2 min ago | 0.43 bp | 5.9 bp −$6 | 6.4 bp −$64 | 10.9 bp −$1,088 | 22.5 bp −$11.2K |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: 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 | −0.0153% | 1h | 116.10 | +0.056% | $32.4M | $107.0M | 100x | as long as short |
| Hibachi SOL/USDT-P | −0.0112% | 1h | 116.07 | +0.036% | $100K | $674K | 20x | as long as short |
| Bybit SOLUSDTlong | −0.0106% | 8h | 116.03 | long leg | $732.7M | $1.43B | 100x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.16 | +0.110% | $1K | $8K | 25x | as long as short |
| Derive SOL-PERP | −0.0075% | 1h | 116.00 | −0.027% | $1.8M | $3.0M | 13x | as long as short |
| Injective SOL/USDC PERP | −0.0055% | 1h | 116.36 | +0.284% | $4K | $2K | 12x | as long as short |
| Vest SOL-PERP | −0.0049% | 1h | 116.06 | +0.023% | — | $756K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.10 | +0.059% | $42K | — | 150x | as long as short |
| Variational Omni SOL | 0.0000% | 8h | 116.07 | +0.038% | $24.8M | $107.5M | — | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.10 | +0.059% | $1.4M | $19.4M | 3.1x | as long as short |
Kraken Futures PF_SOLUSD
Hibachi SOL/USDT-P
Hotstuff SOL-PERP
Derive SOL-PERP
Injective SOL/USDC PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
Variational Omni SOL
Kalshi KXSOLPERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl SOL | 0.0000% | 43m | 116.11 | +0.072% | $99K | $3.5M | 8.3x | as long as short |
| dYdX SOL-USD | +0.0005% | 1h | 116.10 | +0.060% | $4.3M | $23.5M | 20x | as long as short |
| Bitget SOLUSDT | +0.0022% | 8h | 116.02 | −0.008% | $478.7M | $456.4M | 100x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0044% | 1h | 116.13 | +0.084% | $26.3M | $21.6M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.10 | +0.058% | $7.8M | $399.0M | 50x | as long as short |
| Aster SOLUSDT | +0.0049% | 8h | 116.03 | 0.000% | $176.9M | $168.6M | 100x | as long as short |
| SoDEX SOL-USD | +0.0051% | 1h | 116.07 | +0.034% | $6.1M | $11.0M | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0064% | 1h | 116.13 | +0.086% | $100K | $181K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0070% | 8h | 116.07 | +0.036% | $1.0M | $5.9M | 100x | as long as short |
| Lighter RH SOL | +0.0072% | 1h | 116.04 | +0.008% | $2.1M | $16.8M | 25x | as long as short |
| Paradex SOL-USD-PERP | +0.0094% | 8h | 116.12 | +0.081% | $1.0M | $554K | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.05 | +0.017% | $13.1M | $60.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.07 | +0.037% | $350K | $257K | 20x | as long as short |
| Katana Perps SOL-USDshort | +0.0100% | 8h | 116.07 | +0.034% | $64K | $912K | 20x | |
| Nado SOL-PERP | +0.0100% | 1h | 116.08 | +0.042% | $5.4M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.14 | +0.092% | $695.4M | $408.1M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.15 | +0.105% | $15.6M | $130.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.03 | +0.001% | $959.2M | $3.87B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.04 | +0.009% | $365.7M | $1.77B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.03 | 0.000% | $217K | $842K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.11 | +0.070% | $922K | $8.5M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.03 | 0.000% | $842.0M | $667.7M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.04 | +0.009% | $370.9M | $1.07B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.03 | +0.003% | $129.1M | $236.1M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.01 | −0.016% | — | $10.7M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.05 | +0.017% | $22.8M | $35.6M | 50x | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.10 | +0.057% | $93.2M | $405.6M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.07 | +0.034% | $47.5M | $28.9M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.14 | +0.091% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.06 | +0.026% | $1.3M | $11.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.08 | +0.043% | $314K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.10 | +0.062% | $283K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.08 | +0.047% | $26K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.07 | +0.035% | $189K | $1.7M | 30x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.04 | +0.005% | $224.7M | $50.7M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.09 | +0.052% | $45.1M | $104.3M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.35 | +0.276% | $125.8M | $26.4M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.00 | −0.027% | $8.2M | $37.0M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.10 | +0.056% | — | $236.1M | 500x | as long as short |
| Phoenix SOL | +0.0130% | 1h | 116.20 | +0.147% | $6.5M | $13.6M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0196% | 1h | 116.06 | +0.028% | $1.1M | $545K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.04 | +0.009% | $52.1M | $65.3M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.10 | +0.057% | $3.5M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0465% | 1h | 116.18 | +0.133% | $25K | $57K | 20x | as long as short |
| RISEx SOL/USDC | +0.0485% | 1h | 116.17 | +0.120% | $2.1M | $4.8M | 20x | as long as short |
Perpl SOL
dYdX SOL-USD
Bitget SOLUSDT
Deribit SOL_USDC-PERPETUAL
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
SoDEX SOL-USD
01 Exchange SOLUSD
Orderly PERP_SOL_USDC
Lighter RH SOL
Paradex SOL-USD-PERP
Lighter SOL
Aevo SOL-PERP
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDC
Backpack SOL_USDC_PERP
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
HTX SOL-USDT
Phemex SOLUSDT
Bulk SOL-USD
Extended SOL-USD
Jupiter Perps SOL-PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
RISEx SOL/USDC