Funding you earn now, next payment 08:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.035%
Price spread now: Orderly against Reya−0.061%54s7-day average +0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.156%−$16 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.061%, 7d avg +0.026%
=Together, before fees−0.132%+ Points / potential airdropReya: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.087% cheaper against Reya than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya SOLRUSDPERP | 116.19 | 0.0196 | pay 0.0024% / 1h | 19m 30s | $1.1M | $545K | 25x |
| Short | Orderly PERP_SOL_USDC | 116.12 | 0.0071 | get 0.0071% / 8h | 19m 30s | $1.0M | $5.9M | 100x |
Reya SOLRUSDPERP
Orderly PERP_SOL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Reya. 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
- −$26.3
- Price spread: −0.061% → +0.026%
- −$8.7
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$47
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Orderly: 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 Reya no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Reya and 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOLUSD | −0.0153% | 1h | 116.17 | −0.021% | $32.4M | $107.0M | 100x | as long as short |
| Bybit SOLUSDT | −0.0103% | 8h | 116.19 | +0.002% | $733.4M | $1.43B | 100x | as long as short |
| Hibachi SOL/USDT-P | −0.0096% | 1h | 116.06 | −0.117% | $100K | $675K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.23 | +0.029% | $1K | $8K | 25x | as long as short |
| Derive SOL-PERP | −0.0075% | 1h | 116.00 | −0.167% | $1.8M | $3.0M | 13x | as long as short |
| Injective SOL/USDC PERP | −0.0055% | 1h | 116.36 | +0.144% | $4K | $2K | 12x | as long as short |
| Vest SOL-PERP | −0.0044% | 1h | 116.17 | −0.021% | — | $644K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.24 | +0.041% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.13 | −0.051% | $1.4M | $19.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.20 | +0.009% | $99K | $3.5M | 8.3x | as long as short |
Kraken Futures PF_SOLUSD
Bybit SOLUSDT
Hibachi SOL/USDT-P
Hotstuff SOL-PERP
Derive SOL-PERP
Injective SOL/USDC PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX SOL-USD | +0.0005% | 1h | 116.16 | −0.028% | $4.3M | $23.5M | 20x | as long as short |
| Bitget SOLUSDT | +0.0022% | 8h | 116.20 | +0.008% | $479.5M | $456.3M | 100x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0030% | 1h | 116.18 | −0.008% | $26.3M | $21.6M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.15 | −0.037% | $7.8M | $398.9M | 50x | as long as short |
| Aster SOLUSDT | +0.0049% | 8h | 116.21 | +0.015% | $177.2M | $168.7M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0064% | 1h | 116.26 | +0.058% | $100K | $182K | 20x | as long as short |
| SoDEX SOL-USD | +0.0065% | 1h | 116.13 | −0.054% | $6.1M | $11.0M | 20x | as long as short |
| Orderly PERP_SOL_USDCshort | +0.0071% | 8h | 116.12 | −0.061% | $1.0M | $5.9M | 100x | |
| Lighter RH SOL | +0.0080% | 1h | 116.17 | −0.023% | $2.2M | $16.8M | 25x | as long as short |
| Paradex SOL-USD-PERP | +0.0094% | 8h | 116.21 | +0.013% | $1.0M | $554K | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.17 | −0.019% | $13.1M | $60.9M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.12 | −0.061% | $350K | $257K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 116.15 | −0.037% | $64K | $912K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.17 | −0.015% | $5.4M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.28 | +0.075% | $696.0M | $408.4M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.20 | +0.009% | $15.6M | $130.4M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.22 | +0.025% | $960.8M | $3.87B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.23 | +0.032% | $366.0M | $1.77B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.01 | −0.157% | $224K | $844K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.22 | +0.026% | $924K | $8.5M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.21 | +0.014% | $125.5M | $25.5M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.17 | −0.019% | $842.7M | $668.2M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.23 | +0.032% | $371.0M | $1.07B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.21 | +0.015% | $129.2M | $236.2M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.16 | −0.026% | — | $10.7M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.15 | −0.037% | $22.8M | $35.6M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 115.97 | −0.188% | $24.8M | $107.4M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 115.98 | −0.186% | $93.1M | $406.0M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.00 | −0.165% | $47.5M | $29.0M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.07 | −0.106% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.07 | −0.106% | $1.3M | $11.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.22 | +0.024% | $314K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.23 | +0.029% | $282K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.10 | −0.079% | $26K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.08 | −0.097% | $189K | $1.7M | 30x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 115.97 | −0.188% | $224.6M | $50.7M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.12 | −0.062% | $45.1M | $104.3M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.15 | −0.033% | $8.2M | $37.0M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.22 | +0.025% | — | $236.1M | 500x | as long as short |
| Phoenix SOL | +0.0130% | 1h | 116.17 | −0.019% | $6.5M | $13.6M | 25x | as long as short |
| Reya SOLRUSDPERPlong | +0.0196% | 1h | 116.19 | long leg | $1.1M | $545K | 25x | |
| BloFin SOL-USDT | +0.0220% | 8h | 116.03 | −0.140% | $52.1M | $65.3M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.15 | −0.037% | $3.5M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0458% | 1h | 116.19 | −0.004% | $25K | $57K | 20x | as long as short |
| RISEx SOL/USDC | +0.0485% | 1h | 116.27 | +0.070% | $2.1M | $4.8M | 20x | as long as short |
dYdX SOL-USD
Bitget SOLUSDT
Deribit SOL_USDC-PERPETUAL
Coinbase International SOL-PERP-INTX
Aster SOLUSDT
01 Exchange SOLUSD
SoDEX SOL-USD
Lighter RH SOL
Paradex SOL-USD-PERP
Lighter SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDC
Backpack SOL_USDC_PERP
Variational Omni SOL
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
Extended SOL-USD
Jupiter Perps SOL-PERP
Phoenix SOL
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
RISEx SOL/USDC