Funding you earn now, next payment 00:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.011%
Price spread now: Backpack against Orderly+0.024%7-day average −0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.085%+$8 on $10k
+Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.024%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.028% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SOL_USDC | 118.78 | 0.0077 | pay 0.0077% / 8h | 3m 54s | $1.0M | $5.9M | 100x |
| Short | Backpack SOL_USDC_PERP | 118.81 | 0.0100 | get 0.0013% / 1h | 3m 54s | $24.1M | $38.6M | 50x |
Orderly PERP_SOL_USDC
Backpack SOL_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Orderly. 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
- $4.83
- Price spread: +0.024% → −0.004%
- $2.78
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$8.39
- Costs to cover
- 0.160%
- Break-even
- 19.2 days
Slippage unknown: Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 5 min ago | 0.42 bp | 5.9 bp −$6 | 7.6 bp −$76 | 9.6 bp −$957 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Derive SOL-PERP | −0.0100% | 1h | 118.68 | −0.083% | $2.0M | $2.8M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.66 | −0.101% | $841 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0079% | 1h | 118.67 | −0.098% | — | $723K | 20x | as long as short |
| dYdX SOL-USD | −0.0019% | 1h | 118.70 | −0.070% | $4.8M | $28.0M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.79 | +0.005% | $55K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.65 | −0.111% | $1.2M | $20.8M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.76 | −0.021% | $175K | $3.9M | 8.3x | as long as short |
| ApeX Omni SOLUSDT | +0.0007% | 1h | 118.55 | −0.195% | $1.5M | $6.1M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0064% | 1h | 118.81 | +0.021% | $26.6M | $25.7M | 50x | as long as short |
| Gate SOL_USDT | +0.0065% | 8h | 118.75 | −0.027% | $860.1M | $689.5M | 100x | as long as short |
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
ApeX Omni SOLUSDT
Deribit SOL_USDC-PERPETUAL
Gate SOL_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDClong | +0.0077% | 8h | 118.78 | long leg | $1.0M | $5.9M | 100x | |
| HTX SOL-USDT | +0.0078% | 8h | 118.69 | −0.079% | $230.7M | $45.1M | 75x | as long as short |
| 01 Exchange SOLUSD | +0.0080% | 1h | 118.78 | −0.002% | $104K | $158K | 20x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 118.73 | −0.043% | — | $10.6M | — | as long as short |
| Hibachi SOL/USDT-P | +0.0088% | 1h | 118.58 | −0.172% | $122K | $641K | 20x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.75 | −0.025% | $13.4M | $56.7M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.74 | −0.033% | $2.1M | $17.1M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.79 | +0.006% | $352K | $748K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0096% | 1h | 118.79 | +0.010% | $8.1M | $416.4M | 50x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 118.72 | −0.053% | $1.0M | $521K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.73 | −0.044% | $45K | $797K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.76 | −0.017% | $5.8M | $40.9M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 118.88 | +0.083% | $718.9M | $407.3M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.78 | 0.000% | $178.4M | $177.3M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.75 | −0.023% | $12.2M | $122.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.76 | −0.018% | $979.8M | $3.82B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.78 | −0.002% | $823.4M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.75 | −0.027% | $370.7M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.44 | −0.288% | $230K | $871K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.78 | +0.002% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.65 | −0.113% | $133.6M | $4.4M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.76 | −0.019% | $426.8M | $1.14B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.79 | +0.005% | $137.4M | $206.8M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.74 | −0.032% | $492.7M | $458.8M | 100x | as long as short |
| Backpack SOL_USDC_PERPshort | +0.0100% | 1h | 118.81 | +0.024% | $24.1M | $38.6M | 50x | |
| Variational Omni SOL | +0.0100% | 8h | 118.48 | −0.255% | $27.0M | $128.9M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.60 | −0.155% | $95.3M | $403.0M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.64 | −0.120% | $48.6M | $30.8M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.58 | −0.170% | $1.3M | $13.6M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.76 | −0.019% | $361K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.76 | −0.016% | $201K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.76 | −0.015% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.76 | −0.021% | $192K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.75 | −0.027% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.75 | −0.027% | $46.5M | $102.5M | 50x | as long as short |
| Phoenix SOL | +0.0100% | 1h | 118.64 | −0.120% | $6.6M | $13.7M | 25x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.73 | −0.045% | $8.6M | $36.0M | 50x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0105% | 1h | 118.76 | −0.017% | $32.6M | $97.1M | 100x | as long as short |
| Aftermath Perps SOLUSD | +0.0116% | 1h | 118.64 | −0.116% | $24K | $47K | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.70 | −0.072% | — | $225.7M | 500x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0166% / S −0.0070% | 1h | 118.78 | −0.005% | $3.7M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0170% | 1h | 118.66 | −0.103% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0185% | 1h | 118.74 | −0.034% | $1.1M | $538K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.59 | −0.162% | $51.8M | $80.0M | 125x | as long as short |
| RISEx SOL/USDC | +0.0226% | 1h | 118.75 | −0.025% | $1.8M | $4.8M | 20x | as long as short |
HTX SOL-USDT
01 Exchange SOLUSD
BingX SOL-USDC
Hibachi SOL/USDT-P
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Coinbase International SOL-PERP-INTX
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Phoenix SOL
Extended SOL-USD
Kraken Futures PF_SOLUSD
Aftermath Perps SOLUSD
Jupiter Perps SOL-PERP
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
RISEx SOL/USDC