Markets
SOL82.31COIN82.51 CryptoEquity
SOL/COIN
Wrapped SOL relative to Coinbase
SOL−1.02%SOL leads · 24h−2.73%COIN
Relative performance · indexed to 100
99.76−0.24%1M
Ratio 0.62305 · COIN per SOL
SOL82.31COIN82.51Base
SOL
Wrapped SOL
- Mint
- So11…1112
- Decimals
- 9
Quote
COIN
Coinbase xStockCOINx
- Mint
- Xs7Z…PxNu
- Decimals
- 8
What this market measures
Tracks SOL performance relative to COIN.
The chart shows relative performance indexed to 100 at the start of the range. This is not the price of an Otus token and not the price of either asset - it is how SOL has done against COIN, which can rise even when both are falling.
Onchain activity against the listed venue that intermediates it. A bet on where the fee stream ends up.
Why a ratio, not two perps
- One position, one liquidation level
- A long-SOL short-COIN pair built from two perps can be liquidated on a market-wide wick: the long leg blows up before the short leg pays out, even when the view was right. A ratio position only cares whether SOL outperforms; its liquidation level is a ratio level.
- Balanced by construction
- Two legs drift out of balance and need constant rebalancing. A ratio position cannot drift. It is the relationship itself.
- One margin, one fee
- Two legs cost double margin, double fees and double funding. One position halves all three.
- Pairs that exist nowhere else
- Many pairs cannot be assembled from existing perps at all, because one side has no perp market. Tokenized equities and long-tail Solana assets first among them.
- Identifier
- sol-coin
- Listed
- Sep 22, 2026
- Creator
- Unattributed
Trade
SOL outperforms COIN.
Leverage10×
Margin
USDC
USDC- Entry ratio
- 0.62305
- Liquidation ratio
- 0.56074(−10.0%)
- Position size
- 1,000.00
Margin settles to the Otus vault through a Jupiter swap from your wallet. Positions are marked against live ratios.