Funding you earn now, next payment 20:36 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.044%
Price spread now: Backpack against Perpl+0.053%7-day average +0.097% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.342%+$34 on $10k
+Price spread, last 7 days−0.768%−$77 · spread now +0.053%, 7d avg +0.097%
=Together, before fees−0.426%+ Points / potential airdropPerpl: Active · farm board−$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.044% cheaper against Perpl than usual: you would sell low and buy high (spread +0.053% now, against its 7-day average of +0.097%). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl SOL | 118.69 | 0 | get 0.0000% / 43m | 31m 03s | $179K | $4.0M | 8.3x |
| Short | Backpack SOL_USDC_PERP | 118.75 | 0.0100 | get 0.0013% / 1h | 44m 03s | $24.3M | $38.0M | 50x |
Perpl SOL
Backpack SOL_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Perpl. 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
- $21
- Price spread: +0.053% → +0.097%
- −$4.43
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$7.23
- Costs to cover
- 0.238%
- Break-even
- 9.4 days
Slippage unknown: Perpl: 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 5 min ago | 0.42 bp | 5.7 bp −$6 | 6.2 bp −$62 | 7.8 bp −$784 | doesn't fit |
Perpl: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SOL/USDC PERP | −0.0151% | 1h | 118.89 | +0.171% | $4K | $2K | 12x | as long as short |
| Derive SOL-PERP | −0.0104% | 1h | 118.65 | −0.029% | $2.0M | $3.2M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.64 | −0.040% | $841 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0080% | 1h | 118.68 | −0.006% | — | $724K | 20x | as long as short |
| Aftermath Perps SOLUSD | −0.0046% | 1h | 118.86 | +0.143% | $24K | $48K | 20x | as long as short |
| dYdX SOL-USD | −0.0006% | 1h | 118.67 | −0.014% | $4.9M | $26.8M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 118.76 | +0.058% | $48K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.72 | +0.030% | $1.2M | $20.8M | 3.1x | as long as short |
| Perpl SOLlong | 0.0000% | 43m | 118.69 | long leg | $179K | $4.0M | 8.3x | |
| Deribit SOL_USDC-PERPETUAL | +0.0053% | 1h | 118.78 | +0.078% | $26.6M | $27.7M | 50x | as long as short |
Injective SOL/USDC PERP
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
Aftermath Perps SOLUSD
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Deribit SOL_USDC-PERPETUALShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0059% | 8h | 118.74 | +0.043% | $1.1M | $5.9M | 100x | as long as short |
| BingX SOL-USDT | +0.0069% | 8h | 118.80 | +0.098% | — | $372.8M | — | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 118.75 | +0.053% | $104K | $153K | 20x | as long as short |
| HTX SOL-USDT | +0.0072% | 8h | 118.65 | −0.035% | $231.2M | $43.6M | 75x | as long as short |
| ApeX Omni SOLUSDT | +0.0074% | 1h | 118.90 | +0.179% | $1.5M | $6.2M | 50x | as long as short |
| Gate SOL_USDT | +0.0084% | 8h | 118.75 | +0.053% | $857.8M | $677.1M | 100x | as long as short |
| KuCoin SOLUSDTM | +0.0094% | 8h | 118.74 | +0.041% | $143.6M | $196.5M | 75x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.72 | +0.030% | $13.4M | $53.2M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.71 | +0.017% | $2.0M | $16.6M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.70 | +0.012% | $353K | $741K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 118.65 | −0.032% | $1.0M | $525K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.71 | +0.019% | $45K | $785K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.65 | −0.035% | $5.5M | $40.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 118.82 | +0.112% | $716.4M | $424.8M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.75 | +0.051% | $179.0M | $173.6M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.70 | +0.013% | $12.3M | $113.8M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.84 | +0.129% | $971.5M | $3.74B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.86 | +0.146% | $819.6M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.82 | +0.112% | $369.9M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.65 | −0.031% | $233K | $860K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.77 | +0.066% | $1.9M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.88 | +0.164% | $133.2M | $12.7M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.74 | +0.045% | $465.9M | $1.07B | 300x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.81 | +0.104% | $495.9M | $448.8M | 100x | as long as short |
| Backpack SOL_USDC_PERPshort | +0.0100% | 1h | 118.75 | +0.053% | $24.3M | $38.0M | 50x | |
| Variational Omni SOL | +0.0100% | 8h | 118.85 | +0.134% | $27.6M | $127.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.91 | +0.187% | $95.5M | $397.2M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.83 | +0.119% | $48.6M | $33.0M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.88 | +0.163% | $1.4M | $13.3M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.73 | +0.036% | $365K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.73 | +0.035% | $200K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.71 | +0.017% | $37K | $15K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.73 | +0.040% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.70 | +0.011% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.73 | +0.036% | $46.3M | $99.8M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.69 | +0.003% | $8.6M | $37.2M | 50x | as long as short |
| Hibachi SOL/USDT-P | +0.0112% | 1h | 118.77 | +0.071% | $123K | $606K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 118.76 | +0.062% | $8.0M | $413.5M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.69 | +0.006% | — | $217.8M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 118.92 | +0.196% | $6.7M | $12.5M | 25x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0171% / S −0.0091% | 1h | 118.75 | +0.053% | $3.6M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 118.76 | +0.060% | $1.6M | $6.1M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 118.73 | +0.035% | $1.1M | $557K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.67 | −0.014% | $51.7M | $87.0M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0224% | 1h | 118.74 | +0.043% | $36.0M | $89.8M | 100x | as long as short |
Orderly PERP_SOL_USDC
BingX SOL-USDT
01 Exchange SOLUSD
HTX SOL-USDT
ApeX Omni SOLUSDT
Gate SOL_USDT
KuCoin SOLUSDTM
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
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
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
Extended SOL-USD
Hibachi SOL/USDT-P
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Phoenix SOL
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
Kraken Futures PF_SOLUSD