Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.036%

Price spread now: Coinbase International against BloFin+0.027%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.196%−$20 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.027%, 7d avg +0.023%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$5 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	116.78	0.0220	pay 0.0220% / 8h	3h 32m	$52.0M	$67.3M	125x
Short	Coinbase International SOL-PERP-INTX	116.81	0.0048	get 0.0006% / 1h	32m 28s	$7.6M	$405.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$36.12
Price spread: +0.027% → +0.023%: $0.35
Slippage, 4 orders: −$1.83
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$59.6
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Coinbase International: 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 BloFin live order book, 7 min ago	0.43 bp	6.9 bp −$7	7.2 bp −$72	8.8 bp −$881	15.7 bp −$7,872
Sell Coinbase International live order book, 2 min ago	0.04 bp	5.1 bp −$5	8.6 bp −$86	14.7 bp −$1,469	329.5 bp −$164.8K

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	116.79	+0.011%	$31.0M	$101.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0160%	1h	116.78	−0.003%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0089%	1h	116.71	−0.057%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.77	−0.007%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.77	−0.012%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.80	+0.019%	$1.5M	$19.0M	3.1x	as long as short
dYdX SOL-USD	+0.0009%	1h	116.82	+0.034%	$4.4M	$24.2M	20x	as long as short
Bybit SOLUSDT	+0.0029%	8h	116.66	−0.101%	$761.9M	$1.38B	100x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.74	−0.030%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0048%	1h	116.81	+0.027%	$7.6M	$405.2M	50x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0072%	1h	116.78	0.000%	$99K	$174K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.77	−0.007%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.81	+0.021%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.80	+0.013%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.77	−0.012%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.71	−0.060%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.80	+0.017%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.74	−0.031%	$5.5M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.86	+0.069%	$705.4M	$394.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.73	−0.041%	$174.8M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.83	+0.047%	$15.8M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.76	−0.019%	$974.6M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.76	−0.017%	$367.0M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.79	+0.009%	$229K	$845K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.79	+0.009%	$922K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	−0.025%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.75	−0.026%	$853.1M	$662.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.76	−0.017%	$366.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.79	+0.012%	$129.3M	$223.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.72	−0.056%	$481.6M	$444.8M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.72	−0.050%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.79	+0.009%	$23.1M	$39.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.73	−0.039%	$24.5M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.84	+0.053%	$93.8M	$400.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.87	+0.077%	$47.8M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.97	+0.165%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.80	+0.017%	$1.3M	$12.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.74	−0.034%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.75	−0.027%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.76	−0.021%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.76	−0.016%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.79	+0.009%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.73	−0.041%	$226.3M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.80	+0.017%	$45.7M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.71	−0.059%	$8.3M	$37.5M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.99	+0.180%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.81	+0.023%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	117.04	+0.223%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.70	−0.066%	$1.1M	$542K	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0192%	1h	116.85	+0.062%	$26.3M	$23.3M	50x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	116.78	long leg	$52.0M	$67.3M	125x
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.76	−0.016%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.82	+0.033%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0523%	1h	116.85	+0.058%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.84	+0.053%	$1.9M	$4.8M	20x	as long as short