Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Bybit against Arcus+0.045%56s7-day average −0.025% · you sell dearer than you buy

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−$180.180% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%$0 on $10k

Price spread, last 7 days−0.083%−$8 · spread now +0.045%, 7d avg −0.025%

Together, before fees−0.088%−$9 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: Bybit is 0.070% dearer against Arcus than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.025%. The two prices were read 56 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	116.74	0.0100	pay 0.0013% / 1h	31m 44s	$929K	$9.1M	20x
Short	Bybit SOLUSDT	116.79	0.0100	get 0.0100% / 8h	4h 31m	$786.4M	$1.34B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.025%: $7
Slippage, 4 orders: −$2.46
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.95
Costs to cover: 0.180%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	0.60 bp	2.9 bp −$3	4.1 bp −$41	8.3 bp −$830	doesn't fit
Sell Bybit live order book, 2 min ago	0.43 bp	5.9 bp −$6	6.9 bp −$69	15.1 bp −$1,511	31.5 bp −$15.7K

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
Hibachi SOL/USDT-P	−0.0096%	1h	116.63	−0.093%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0096%	1h	116.62	−0.101%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.71	−0.025%	$913	$8K	25x	as long as short
Derive SOL-PERP	−0.0060%	1h	116.64	−0.084%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.71	−0.024%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.74	0.000%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.79	+0.043%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.72	−0.015%	$99K	$171K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.73	−0.007%	$7.5M	$405.2M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.71	−0.021%	$31.1M	$100.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0091%	8h	116.73	−0.008%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.81	+0.063%	$13.1M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.79	+0.047%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.71	−0.028%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.63	−0.093%	$51K	$867K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.69	−0.041%	$988K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.68	−0.047%	$5.4M	$39.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.84	+0.087%	$705.6M	$395.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.79	+0.042%	$175.0M	$182.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.73	−0.009%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.82	+0.070%	$967.3M	$3.79B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	116.79	+0.045%	$786.4M	$1.34B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	116.82	+0.070%	$369.5M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.58	−0.135%	$230K	$847K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	116.74	long leg	$929K	$9.1M	20x
Bulk SOL-USD	+0.0100%	1h	116.45	−0.247%	$133.2M	$20.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.73	−0.007%	$842.9M	$659.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.77	+0.027%	$417.7M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.73	−0.009%	$126.5M	$218.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.78	+0.038%	$480.1M	$441.6M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.77	+0.030%	—	$365.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.70	−0.033%	$23.5M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.25	−0.414%	$24.4M	$114.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.43	−0.267%	$93.5M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.45	−0.251%	$47.6M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.53	−0.178%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.43	−0.264%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.69	−0.041%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.69	−0.041%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	−0.064%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.68	−0.049%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.71	−0.024%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	−0.101%	$226.3M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.70	−0.033%	$45.7M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.71	−0.024%	$8.1M	$36.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.70	−0.028%	—	$230.2M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.152%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.63	−0.093%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0160%	1h	116.77	+0.030%	$26.3M	$25.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.66	−0.064%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.067%	$51.7M	$72.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	116.70	−0.030%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.70	−0.030%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0533%	1h	116.61	−0.108%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.77	+0.029%	$1.9M	$4.9M	20x	as long as short