0.77%How to read Solana perp market data
Each row in the table above represents a crypto perpetual futures market you can trade on Solana through Solflare Perps, powered by Phoenix Trade on Solana.
You don't need to follow every number at once. A few fields tell you what a market is doing, how active it is, and what it currently costs to hold a position.
Start with the perp price
The mark price is used to value open positions and determine liquidations. It is an average drawn from the wider market, not the last trade shown on the chart.
That distinction matters. A position can be liquidated at a price the chart never showed.
The 24-hour change shows how far the mark price has moved over the previous day.
What open interest and volume show
Open interest is the notional value of the perp positions currently open in a market. Think of it as the amount of exposure traders are still holding.
Volume measures something different: the notional value traded over the past 24 hours. A market can have high volume without building open interest if positions are being opened and closed quickly.
Neither number tells you whether traders are net long or net short. They show participation and activity, not market direction.
How the funding rate is shown
Funding settles every hour on Phoenix Trade, so the hourly rate is the one that applies to an open position. That is the rate shown in the table above and in the app.
Many centralized venues quote funding on an 8-hour schedule, so an hourly figure can look artificially small next to them. Multiplying the hourly rate by eight gives a comparable number, but that is a comparison, not a second funding payment.
What crypto funding rates mean
A crypto funding rate is a recurring payment between traders holding perpetual futures positions. Because perpetual futures never expire, funding is what keeps their prices aligned with the underlying market.
When funding is positive, longs pay shorts. When it is negative, shorts pay longs. Funding only applies while your position is open and settles every hour.
Funding is not a prediction of where the price will move. It is a recurring cost, or payment, for holding a position open.
Funding is also separate from trading fees. The trading fee for perps in Solflare is up to 0.085%, charged when your order fills. The funding rates shown here are Phoenix Trade's own and may differ from rates quoted elsewhere for the same asset.
Trade perpetual futures through Solflare Perps
Every market in the table is available to trade through Solflare Perps, powered by Phoenix Trade on Solana.
Because Solflare is a self-custody Solana wallet, you keep control of your keys and approve every order yourself. Your USDC collateral stays on Solana, with no bridging to another chain.
You can start with markets such as BTC, SOL, and ETH, or compare the full table before you decide.
Solflare covers Solana network fees for perps, so you do not need SOL in your wallet to open or close a position. Before trading, take a moment to understand how Solflare Perps works and the risks that come with leveraged positions.