Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.034%

Price spread now: BloFin against Arcus−0.112%95s7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.192% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.121%+$12 on $10k

Price spread, last 3 days (all we have)−0.485%−$48 · spread now −0.112%, 7d avg −0.037%

Together, before fees−0.364%−$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.075% cheaper against Arcus than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of −0.037%). If the spread goes back, that is −$7 on $10k: about 2.1 days of funding at the current rate (+$4 a day). The two prices were read 95 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	Arcus SOL-USD	119.12	0.0100	pay 0.0013% / 1h	55m 35s	$1.9M	$8.9M	20x
Short	BloFin SOL-USDT	118.99	0.0220	get 0.0220% / 8h	2h 55m	$51.9M	$91.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee BloFinbpOrdersPrice spread, now −0.112%Rate

Funding earned: $25.2
Price spread: −0.112% → −0.037%: −$7.49
Slippage, 4 orders: −$2.66
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.45
Costs to cover: 0.192%
Break-even: 7.4 days

Slippage from Arcus: live order book, 4 min ago; BloFin: live order book, 4 min ago.

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 Arcus live order book, 4 min ago	0.17 bp	3.7 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	7.6 bp −$756	11.4 bp −$5,714

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	118.68	−0.372%	$4K	$2K	12x	as long as short
Aftermath Perps SOLUSD	−0.0084%	1h	119.04	−0.074%	$24K	$48K	20x	as long as short
Vest SOL-PERP	−0.0084%	1h	118.92	−0.173%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.04	−0.070%	$844	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.94	−0.157%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.00	−0.107%	$49K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.07	−0.045%	$4.9M	$26.8M	20x	as long as short
Perpl SOL	0.0000%	43m	118.97	−0.132%	$191K	$4.1M	8.3x	as long as short
Orderly PERP_SOL_USDC	+0.0055%	8h	119.03	−0.080%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	119.14	+0.014%	$104K	$152K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0068%	8h	118.91	−0.175%	$231.7M	$43.7M	75x	as long as short
Gate SOL_USDT	+0.0082%	8h	119.05	−0.061%	$858.8M	$673.1M	100x	as long as short
KuCoin SOLUSDTM	+0.0086%	8h	119.07	−0.046%	$145.4M	$197.3M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0088%	1h	119.12	−0.005%	$26.7M	$27.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.06	−0.055%	$13.5M	$52.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.05	−0.061%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.03	−0.078%	$354K	$746K	20x	as long as short
Bitget SOLUSDT	+0.0097%	8h	119.07	−0.044%	$496.9M	$451.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	119.05	−0.057%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.12	−0.003%	$47K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.07	−0.048%	$5.6M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.13	+0.006%	$718.8M	$444.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.04	−0.072%	$179.7M	$175.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.09	−0.028%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.13	+0.006%	$978.2M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.15	+0.026%	$824.1M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.13	+0.006%	$368.5M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.97	−0.128%	$233K	$868K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	119.12	long leg	$1.9M	$8.9M	20x
Bulk SOL-USD	+0.0100%	1h	119.09	−0.030%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.07	−0.044%	$472.4M	$1.07B	300x	as long as short
BingX SOL-USDC	+0.0100%	8h	119.05	−0.060%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.07	−0.044%	$24.2M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	−0.041%	$27.7M	$126.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.93	−0.162%	$95.5M	$395.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.07	−0.043%	$48.7M	$33.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.99	−0.112%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.06	−0.053%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.96	−0.137%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.96	−0.137%	$201K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.01	−0.093%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.02	−0.084%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.03	−0.078%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.02	−0.086%	$46.4M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.05	−0.060%	$8.7M	$37.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0108%	8h	119.11	−0.010%	$1.2M	$20.9M	3.1x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.08	−0.038%	$8.1M	$414.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.05	−0.058%	—	$217.9M	500x	as long as short
Hibachi SOL/USDT-P	+0.0128%	1h	118.97	−0.126%	$123K	$619K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.15	+0.023%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.12	−0.001%	$1.6M	$6.2M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.95	−0.142%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	118.99	−0.112%	$51.9M	$91.1M	125x
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.08	−0.040%	$36.1M	$90.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0174%	1h	118.99	−0.108%	$3.5M	—	200x	as long as short