Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bitget+0.096%115s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$280.279% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.271%+$27 on $10k
Price spread, last 3 days (all we have)−0.159%−$16 · spread now +0.096%, 7d avg +0.005%
Together, before fees+0.112%+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.091% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SOLUSDT118.930.0100pay 0.0100% / 8h7h 21m$493.7M$439.4M100x
ShortBloFin SOL-USDT119.040.0220get 0.0220% / 8h7h 21m$51.9M$76.2M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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

Funding earned
$25.2
Price spread: +0.096% → +0.005%
$9.11
Slippage, 4 orders
−$3.94
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$6.36
Costs to cover
0.279%
Break-even
5.2 days
Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago0.04 bp8.0 bp −$89.4 bp −$94doesn't fitdoesn't fit
Sell BloFin live order book, 3 min ago0.42 bp6.4 bp −$66.4 bp −$647.3 bp −$72911.3 bp −$5,668

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h118.96+0.030%$930$8K25xas long as short
Vest SOL-PERP−0.0077%1h118.86−0.057%$608K20xas long as short
Derive SOL-PERP−0.0062%1h118.83−0.084%$2.0M$2.7M13xas long as short
dYdX SOL-USD−0.0022%1h118.96+0.025%$5.0M$25.7M20xas long as short
Kraken Futures PF_SOLUSD−0.0014%1h118.97+0.036%$32.4M$97.3M100xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h118.93+0.003%$55K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.02+0.077%$1.2M$20.1M3.1xas long as short
Perpl SOL0.0000%43m118.90−0.021%$154K$3.8M8.3xas long as short
HTX SOL-USDT+0.0016%8h118.87−0.047%$231.3M$44.0M75xas long as short
Hibachi SOL/USDT-P+0.0016%1h118.97+0.036%$100K$657K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERP+0.0026%1h118.92−0.008%$37K$17K25xas long as short
01 Exchange SOLUSD+0.0032%1h118.87−0.047%$104K$159K20xas long as short
BingX SOL-USDT+0.0080%8h118.92−0.001%$366.3Mas long as short
Orderly PERP_SOL_USDC+0.0082%8h118.92−0.002%$1.0M$5.9M100xas long as short
Coinbase International SOL-PERP-INTX+0.0088%1h118.95+0.024%$8.1M$409.7M50xas long as short
Lighter SOL+0.0096%1h118.90−0.025%$14.2M$56.0M25xas long as short
Lighter RH SOL+0.0096%1h118.90−0.020%$2.2M$16.9M25xas long as short
Aevo SOL-PERP+0.0096%1h118.91−0.009%$348K$249K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h118.91−0.012%$1.0M$520K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.88−0.039%$47K$786K20xas long as short
Nado SOL-PERP+0.0100%1h118.88−0.036%$5.9M$40.5M40xas long as short
Hyperliquid SOL+0.0100%1h118.99+0.054%$724.3M$396.3M20xas long as short
Aster SOLUSDT+0.0100%8h118.87−0.047%$179.5M$177.0M100xas long as short
Pacifica SOL+0.0100%1h118.930.000%$12.2M$124.7M20xas long as short
Binance SOLUSDT+0.0100%8h118.91−0.013%$979.4M$3.74B100xas long as short
Bybit SOLUSDT+0.0100%8h118.94+0.012%$823.9M$1.25B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.92−0.005%$370.7M$1.69B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.86−0.055%$233K$830K10xas long as short
Arcus SOL-USD+0.0100%1h118.89−0.027%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h119.07+0.122%$136.4M$9.7M20xas long as short
Gate SOL_USDT+0.0100%8h118.89−0.030%$854.6M$668.4M100xas long as short
MEXC SOL_USDT+0.0100%8h118.88−0.039%$429.5M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.89−0.029%$138.6M$202.9M75xas long as short
Bitget SOLUSDTlong+0.0100%8h118.93long leg$493.7M$439.4M100x
Backpack SOL_USDC_PERP+0.0100%1h118.95+0.020%$24.1M$37.1M50xas long as short
Variational Omni SOL+0.0100%8h118.93−0.001%$25.0M$130.3Mas long as short
edgeX SOLUSDC+0.0100%4h119.00+0.066%$95.6M$403.0M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.15+0.188%$48.8M$29.2M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.04+0.096%$1.5M$6.1M50xas long as short
StandX SOL-USD+0.0100%1h118.97+0.037%$1.4M$13.5M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.88−0.039%$354K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h118.89−0.026%$203K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h118.91−0.012%$193K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h118.94+0.012%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h118.97+0.037%$46.6M$99.8M50xas long as short
Extended SOL-USD+0.0104%1h118.90−0.024%$8.6M$34.9M50xas long as short
Deribit SOL_USDC-PERPETUAL+0.0106%1h119.00+0.062%$26.7M$24.8M50xas long as short
Phoenix SOL+0.0114%1h119.17+0.205%$6.6M$13.6M25xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.95+0.023%$219.4M500xas long as short
RISEx SOL/USDC+0.0161%1h118.89−0.034%$1.8M$4.6M20xas long as short
GMX SOL/USD [SOL-USDC]L +0.0165% / S −0.0081%1h118.93−0.001%$3.7M200xas long as short
Injective SOL/USDC PERP+0.0173%1h119.01+0.071%$4K$2K12xas long as short
Aftermath Perps SOLUSD+0.0185%1h119.03+0.087%$25K$50K20xas long as short
Reya SOLRUSDPERP+0.0186%1h118.86−0.056%$1.1M$524K25xas long as short
BloFin SOL-USDTshort+0.0220%8h119.04+0.096%$51.9M$76.2M125x