Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h +0.001%

Price spread now: RISEx against BloFin+0.086%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 3 days (all we have)+0.191%+$19 · spread now +0.086%, 7d avg +0.017%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.069% dearer against BloFin than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.017%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SOL-USDT	119.53	0.0220	pay 0.0220% / 8h	2h 24m	$51.7M	$86.5M	125x
Short	RISEx SOL/USDC	119.63	0.0175	get 0.0022% / 1h	24m 20s	$1.6M	$6.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$9.41
Price spread: +0.086% → +0.017%: $6.93
Slippage, 4 orders: −$3.43
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$23.91
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; RISEx: live order book, 5 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, 5 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	8.5 bp −$851	16.1 bp −$8,062
Sell RISEx live order book, 5 min ago	0.04 bp	3.0 bp −$3	5.4 bp −$54	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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.318%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.56	+0.028%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	119.56	+0.022%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0047%	1h	119.62	+0.075%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.60	+0.057%	$4.9M	$26.9M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.70	+0.139%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.49	−0.033%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.62	+0.072%	$180K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0016%	1h	119.30	−0.193%	$24K	$47K	20x	as long as short
HTX SOL-USDT	+0.0060%	8h	119.46	−0.057%	$232.8M	$43.7M	75x	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	+0.0060%	8h	119.71	+0.152%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.52	−0.007%	$122K	$602K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.62	+0.075%	$105K	$152K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0073%	1h	119.75	+0.187%	$26.9M	$27.7M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.67	+0.120%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0087%	8h	119.61	+0.067%	$872.7M	$683.5M	100x	as long as short
ApeX Omni SOLUSDT	+0.0091%	1h	119.29	−0.201%	$1.5M	$6.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.58	+0.046%	$13.7M	$54.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.58	+0.040%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.67	+0.117%	$356K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.54	+0.012%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.57	+0.033%	$45K	$783K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.58	+0.042%	$6.5M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.71	+0.151%	$722.7M	$409.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.61	+0.068%	$180.1M	$175.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.62	+0.077%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.67	+0.117%	$977.6M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.72	+0.159%	$829.4M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.68	+0.125%	$372.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.55	+0.017%	$234K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.64	+0.090%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.64	+0.092%	$445.4M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.59	+0.051%	$142.8M	$196.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.69	+0.132%	$500.4M	$450.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.60	+0.059%	$24.4M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.50	−0.024%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.25	−0.231%	$95.8M	$398.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.36	−0.142%	$48.8M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.41	−0.100%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.64	+0.092%	$369K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.66	+0.112%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.70	+0.142%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.66	+0.105%	$195K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.68	+0.125%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.50	−0.025%	$46.7M	$100.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.98	−0.459%	$133.4M	$11.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.67	+0.119%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.74	+0.178%	$8.2M	$417.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.66	+0.112%	—	$217.9M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.53	0.000%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDCshort	+0.0175%	1h	119.63	+0.086%	$1.6M	$6.1M	20x
Reya SOLRUSDPERP	+0.0179%	1h	119.63	+0.088%	$1.1M	$555K	25x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	119.53	long leg	$51.7M	$86.5M	125x
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.70	+0.141%	$36.1M	$89.6M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0174%	1h	119.69	+0.132%	$3.6M	—	200x	as long as short