Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.034%

Price spread now: Nado against Bluefin−0.210%50s7-day average — · you buy dearer than you sell

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

Long on Bluefin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.210% cheaper against Bluefin than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SOL-PERP	116.94	0.0100	pay 0.0013% / 1h	59m 33s	$25K	$31K	25x
Short	Nado SOL-PERP	116.69	0.0100	get 0.0012% / 1h	59m 33s	$5.4M	$40.0M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bluefin. 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 BluefinbpFee NadobpOrdersPrice spread, now −0.210%Rate

Funding earned: $0
Price spread: −0.210% → 0.000%: −$21.02
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$35.02
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Nado: live order book, 5 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell Nado live order book, 5 min ago	0.43 bp	3.9 bp −$4	4.6 bp −$46	8.4 bp −$845	26.2 bp −$13.1K

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
Hibachi SOL/USDT-P	−0.0176%	1h	116.98	+0.036%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0099%	1h	116.70	−0.202%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.93	−0.007%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.68	−0.221%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.97	+0.024%	$1.4M	$18.8M	3.1x	as long as short
dYdX SOL-USD	+0.0003%	1h	116.84	−0.085%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0016%	1h	116.88	−0.048%	$1.9M	$2.8M	13x	as long as short
Polymarket Perps SOL-USD	+0.0037%	1h	116.69	−0.211%	$321K	$2.6M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.90	−0.032%	$7.5M	$404.6M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.89	−0.042%	$31.0M	$99.9M	100x	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	116.96	+0.021%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.79	−0.128%	$13.1M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.75	−0.161%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	116.77	−0.143%	$99K	$173K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.95	+0.009%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.77	−0.143%	$47K	$877K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.90	−0.032%	$1.0M	$550K	50x	as long as short
Nado SOL-PERPshort	+0.0100%	1h	116.69	−0.210%	$5.4M	$40.0M	40x
Hyperliquid SOL	+0.0100%	1h	116.81	−0.112%	$705.4M	$394.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.76	−0.152%	$174.8M	$182.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.82	−0.097%	$15.8M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.73	−0.177%	$972.5M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.66	−0.241%	$779.6M	$1.36B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.70	−0.203%	$369.6M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.66	−0.237%	$231K	$836K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.84	−0.079%	$926K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	−0.205%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.77	−0.143%	$843.8M	$653.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.69	−0.211%	$369.8M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.68	−0.220%	$129.1M	$221.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.65	−0.246%	$479.1M	$441.7M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.79	−0.128%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.82	−0.100%	$23.2M	$39.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.91	−0.019%	$24.6M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.91	−0.021%	$93.9M	$398.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.84	−0.083%	$47.8M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	−0.057%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.92	−0.015%	$1.3M	$12.9M	30x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.67	−0.227%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERPlong	+0.0100%	1h	116.94	long leg	$25K	$31K	25x
SunX SOL-USDT	+0.0100%	8h	116.87	−0.060%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.88	−0.049%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.94	+0.006%	$226.8M	$47.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.84	−0.083%	$45.7M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.79	−0.129%	$8.3M	$37.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.93	−0.008%	—	$231.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.72	−0.186%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.99	+0.045%	$6.5M	$13.3M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0164%	1h	117.01	+0.060%	$26.4M	$23.5M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.64	−0.253%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.95	+0.011%	$52.1M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.94	+0.007%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.71	−0.195%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0510%	1h	116.83	−0.094%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.89	−0.037%	$1.9M	$4.8M	20x	as long as short