Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Bullet against Bitget−0.016%7-day average +0.029% · 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−$33as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Bitget 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+0.020%+$2 · spread now −0.016%, 7d avg +0.029%

Together, before fees+0.013%+$1 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 0.045% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOLUSDT	118.01	0.0100	pay 0.0100% / 8h	5h 21m	$488.8M	$431.8M	100x
Short	Bullet SOL-USD	117.99	0.0100	get 0.0013% / 1h	21m 04s	$201K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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

Position, each leg$Hold fordaysFee BitgetbpFee BulletbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.029%: −$4.54
Slippage, 4 orders: −$8.13
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$32.67
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bullet: live order book, 3 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 Bitget live order book, 3 min ago	0.04 bp	6.2 bp −$6	7.0 bp −$70	10.6 bp −$1,060	doesn't fit
Sell Bullet live order book, 3 min ago	0.30 bp	5.4 bp −$5	9.7 bp −$97	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	118.08	+0.064%	$923	$8K	25x	as long as short
Bluefin SOL-PERP	−0.0066%	1h	117.98	−0.023%	$25K	$28K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	117.97	−0.028%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	118.00	−0.006%	$31.6M	$98.6M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.93	−0.065%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.98	−0.023%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.04	+0.025%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.05	+0.037%	$1.4M	$19.3M	3.1x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	118.08	+0.062%	$100K	$165K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	117.84	−0.141%	$105K	$695K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	118.03	+0.020%	$8.0M	$404.8M	50x	as long as short
BingX SOL-USDC	+0.0070%	8h	118.02	+0.014%	—	$10.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	118.02	+0.010%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.00	−0.003%	$13.2M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.99	−0.011%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.99	−0.011%	$346K	$226K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0097%	1h	118.03	+0.023%	$26.5M	$24.9M	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.04	+0.028%	$60K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.08	+0.060%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.06	+0.041%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.02	+0.015%	$177.8M	$180.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.04	+0.032%	$14.6M	$128.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.03	+0.017%	$971.1M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.05	+0.036%	$832.1M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.02	+0.011%	$367.9M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.91	−0.082%	$239K	$856K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.06	+0.048%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.59	−0.356%	$135.8M	$17.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.01	+0.003%	$860.7M	$651.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.02	+0.011%	$425.0M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.00	−0.005%	$130.2M	$212.4M	75x	as long as short
Bitget SOLUSDTlong	+0.0100%	8h	118.01	long leg	$488.8M	$431.8M	100x
Backpack SOL_USDC_PERP	+0.0100%	1h	118.01	+0.003%	$23.7M	$36.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.98	−0.020%	$24.4M	$115.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.54	−0.393%	$94.4M	$392.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.86	−0.124%	$48.3M	$28.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.82	−0.158%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.80	−0.175%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.06	+0.045%	$355K	$2.4M	20x	as long as short
Bullet SOL-USDshort	+0.0100%	1h	117.99	−0.016%	$201K	$1.6M	20x
SunX SOL-USDT	+0.0100%	8h	118.06	+0.044%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.99	−0.014%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.94	−0.053%	$229.1M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.00	−0.006%	$46.0M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.99	−0.014%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.97	−0.028%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	118.08	+0.062%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	118.13	+0.107%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0182%	1h	118.13	+0.104%	$722.6M	$389.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	118.03	+0.020%	$1.1M	$536K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.438%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.98	−0.023%	$52.0M	$71.7M	125x	as long as short
Perpl SOL	+0.0223%	43m	118.05	+0.035%	$128K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	117.97	−0.028%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0399%	1h	117.77	−0.200%	$25K	$51K	20x	as long as short