Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0445%/8h= +48.7% APRpaid last 24h +0.155%

Price spread now: Injective against Bitget+0.313%91s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Injective is 0.313% dearer against Bitget than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOLUSDT	118.69	0.0088	pay 0.0088% / 8h	3h 15m	$496.2M	$450.6M	100x
Short	Injective SOL/USDC PERP	119.06	0.0533	get 0.0067% / 1h	15m 42s	$4K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.313%Rate

Funding earned: $93.43
Price spread: +0.313% → 0.000%: $31.34
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $112.75
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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	6.8 bp −$7	8.4 bp −$84	11.5 bp −$1,153	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Vest SOL-PERP	−0.0091%	1h	118.52	−0.140%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.51	−0.149%	$840	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0066%	1h	118.66	−0.025%	$24K	$48K	20x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.59	−0.083%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0013%	1h	118.65	−0.031%	$4.9M	$26.7M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.67	−0.014%	$49K	—	150x	as long as short
Perpl SOL	0.0000%	43m	118.62	−0.057%	$194K	$4.1M	8.3x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	118.65	−0.032%	$104K	$154K	20x	as long as short
HTX SOL-USDT	+0.0052%	8h	118.53	−0.133%	$231.0M	$43.5M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0054%	1h	118.74	+0.043%	$26.6M	$27.9M	50x	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	+0.0055%	8h	118.68	−0.006%	$1.1M	$5.8M	100x	as long as short
KuCoin SOLUSDTM	+0.0069%	8h	118.64	−0.039%	$137.5M	$185.6M	75x	as long as short
Gate SOL_USDT	+0.0076%	8h	118.67	−0.015%	$854.4M	$680.3M	100x	as long as short
Bitget SOLUSDTlong	+0.0088%	8h	118.69	long leg	$496.2M	$450.6M	100x
Lighter SOL	+0.0096%	1h	118.63	−0.053%	$13.4M	$52.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.68	−0.008%	$2.0M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.66	−0.023%	$353K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.60	−0.077%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.64	−0.040%	$48K	$778K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.56	−0.110%	$5.5M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.79	+0.086%	$716.2M	$440.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.64	−0.039%	$179.3M	$174.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.59	−0.085%	$12.3M	$112.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.64	−0.038%	$975.5M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.65	−0.035%	$818.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.55	−0.116%	$365.5M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.50	−0.158%	$232K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.64	−0.042%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.116%	$132.5M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.66	−0.024%	$477.7M	$1.07B	300x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.67	−0.015%	—	$10.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.72	+0.027%	$24.1M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.70	+0.007%	$25.2M	$123.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.55	−0.112%	$95.2M	$393.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.54	−0.122%	$48.5M	$33.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.48	−0.174%	$1.5M	$6.3M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.58	−0.091%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.61	−0.066%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.63	−0.045%	$200K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.68	−0.008%	$37K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.54	−0.123%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.67	−0.015%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.69	+0.002%	$46.3M	$99.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.65	−0.030%	$8.7M	$37.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	118.72	+0.029%	$8.0M	$410.8M	50x	as long as short
Kalshi KXSOLPERP	+0.0105%	8h	118.63	−0.045%	$1.2M	$21.0M	3.1x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.59	−0.084%	—	$218.3M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0131%	1h	118.71	+0.017%	$36.2M	$90.7M	100x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	118.60	−0.075%	$122K	$590K	20x	as long as short
Phoenix SOL	+0.0149%	1h	118.63	−0.049%	$7.3M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	118.66	−0.022%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	118.58	−0.088%	$1.1M	$559K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.47	−0.184%	$51.6M	$89.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0239% / S −0.0182%	1h	118.64	−0.040%	$3.6M	—	200x	as long as short
Injective SOL/USDC PERPshort	+0.0533%	1h	119.06	+0.313%	$4K	$2K	12x