Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.002%

Price spread now: Bluefin against BloFin−0.003%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.815%−$81 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SOL-USDT	116.68	0.0220	pay 0.0220% / 8h	3h 58m	$51.9M	$67.6M	125x
Short	Bluefin SOL-PERP	116.68	0.0100	get 0.0013% / 1h	58m 36s	$25K	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against BloFin. 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 BloFinbpFee BluefinbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$25.2
Price spread: −0.003% → 0.000%: −$0.26
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$44.46
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; Bluefin: 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 BloFin live order book, 5 min ago	0.43 bp	6.4 bp −$6	6.7 bp −$67	8.5 bp −$852	15.6 bp −$7,813
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.67	−0.013%	$31.0M	$100.2M	100x	as long as short
Hibachi SOL/USDT-P	−0.0176%	1h	116.98	+0.257%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0099%	1h	116.70	+0.018%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.69	+0.008%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.68	−0.002%	$54K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.67	−0.009%	$4.4M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.84	+0.137%	$1.5M	$19.0M	3.1x	as long as short
Derive SOL-PERP	+0.0030%	1h	116.61	−0.060%	$1.9M	$2.8M	13x	as long as short
Polymarket Perps SOL-USD	+0.0037%	1h	116.69	+0.009%	$321K	$2.6M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.68	−0.003%	$7.5M	$404.0M	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	+0.0093%	8h	116.70	+0.014%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.70	+0.015%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.69	+0.008%	$2.2M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	116.73	+0.043%	$99K	$173K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.68	−0.003%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.69	+0.009%	$48K	$878K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.76	+0.072%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.69	+0.010%	$5.4M	$40.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.77	+0.077%	$705.2M	$394.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.67	−0.009%	$174.6M	$182.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.72	+0.035%	$15.8M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.70	+0.017%	$972.2M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.63	−0.043%	$777.9M	$1.36B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.70	+0.017%	$369.1M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.66	−0.017%	$231K	$836K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.72	+0.039%	$925K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.015%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.67	−0.009%	$843.2M	$653.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.70	+0.017%	$369.3M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.66	−0.018%	$128.6M	$221.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.67	−0.005%	$479.2M	$441.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.68	−0.003%	—	$365.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.60	−0.069%	$23.1M	$39.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.91	+0.201%	$24.6M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.91	+0.199%	$93.9M	$398.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.84	+0.137%	$47.8M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	+0.163%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.92	+0.206%	$1.3M	$12.9M	30x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.67	−0.007%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERPshort	+0.0100%	1h	116.68	−0.003%	$25K	$31K	25x
SunX SOL-USDT	+0.0100%	8h	116.68	−0.003%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.67	−0.009%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.63	−0.039%	$226.3M	$47.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.68	0.000%	$45.6M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.65	−0.023%	$8.3M	$37.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.72	+0.034%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.89	+0.180%	—	$231.3M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0122%	1h	116.74	+0.047%	$26.3M	$23.5M	50x	as long as short
Phoenix SOL	+0.0137%	1h	116.99	+0.266%	$6.5M	$13.3M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.64	−0.033%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	116.68	long leg	$51.9M	$67.6M	125x
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.68	+0.003%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.71	+0.025%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0510%	1h	116.83	+0.126%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.77	+0.076%	$1.9M	$4.8M	20x	as long as short