Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Bullet against Arcus−0.109%7-day average −0.005% · 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−$28as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Arcus Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.109%, 7d avg −0.005%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.105% cheaper against Arcus than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	119.08	0.0100	pay 0.0013% / 1h	33m 51s	$1.9M	$9.0M	20x
Short	Bullet SOL-USD	118.95	0.0100	get 0.0013% / 1h	33m 51s	$202K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → −0.005%: −$10.46
Slippage, 4 orders: −$5.16
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$28.12
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; Bullet: live order book, just now.

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, 5 min ago	0.42 bp	2.9 bp −$3	4.1 bp −$41	9.4 bp −$937	doesn't fit
Sell Bullet live order book, just now	0.04 bp	7.0 bp −$7	10.4 bp −$104	doesn't fit	doesn't fit

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
Hotstuff SOL-PERP	−0.0080%	1h	119.00	−0.071%	$844	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.89	−0.163%	$2.0M	$2.8M	13x	as long as short
Vest SOL-PERP	−0.0072%	1h	118.95	−0.112%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0017%	1h	119.03	−0.041%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.98	−0.082%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.09	+0.007%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.99	−0.073%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0028%	1h	119.02	−0.050%	$26.6M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0034%	1h	119.18	+0.083%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.98	−0.086%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	118.99	−0.076%	$104K	$158K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.95	−0.107%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0088%	8h	118.98	−0.085%	$231.6M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0090%	8h	118.96	−0.102%	$864.0M	$678.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.98	−0.086%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.95	−0.113%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.95	−0.107%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.00	−0.072%	$8.1M	$416.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.02	−0.052%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.98	−0.085%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.95	−0.110%	$6.1M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.06	−0.018%	$720.7M	$411.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.97	−0.093%	$178.6M	$176.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.09	+0.008%	$12.3M	$120.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.96	−0.100%	$981.4M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.98	−0.082%	$825.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.95	−0.110%	$372.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.98	−0.085%	$233K	$873K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	119.08	long leg	$1.9M	$9.0M	20x
Bulk SOL-USD	+0.0100%	1h	119.35	+0.226%	$134.1M	$6.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.96	−0.102%	$456.1M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.99	−0.078%	$138.7M	$205.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.94	−0.118%	$493.3M	$460.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.00	−0.068%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.09	+0.009%	$27.2M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.23	+0.124%	$95.8M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.09	+0.008%	$48.8M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.10	+0.016%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.96	−0.102%	$365K	$2.4M	20x	as long as short
Bullet SOL-USDshort	+0.0100%	1h	118.95	−0.109%	$202K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	118.98	−0.084%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.94	−0.119%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.96	−0.102%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.00	−0.068%	$46.5M	$102.8M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.38	+0.251%	$6.6M	$13.7M	25x	as long as short
Aftermath Perps SOLUSD	+0.0102%	1h	119.25	+0.144%	$24K	$47K	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.94	−0.115%	$8.7M	$36.0M	50x	as long as short
Hibachi SOL/USDT-P	+0.0104%	1h	119.06	−0.022%	$121K	$626K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.96	−0.098%	$32.6M	$97.1M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.05	−0.027%	—	$225.3M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0068%	1h	118.98	−0.088%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.436%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	118.93	−0.124%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.99	−0.076%	$52.2M	$82.3M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.02	−0.051%	$1.7M	$5.2M	20x	as long as short