Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.034%

Price spread now: SunX against Bluefin−0.004%7-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 SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.643%+$64 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: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.643%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SOL-PERP	116.77	0.0207	pay 0.0026% / 1h	22m 13s	$27K	$36K	25x
Short	SunX SOL-USDT	116.76	0.0100	get 0.0100% / 8h	7h 22m	$189K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$22.4
Price spread: −0.004% → 0.000%: −$0.39
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$37.79
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; SunX: live order book, 3 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 SunX live order book, 3 min ago	3.70 bp	19.9 bp −$20	31.3 bp −$313	doesn't fit	doesn't fit

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
Hotstuff SOL-PERP	−0.0080%	1h	116.67	−0.081%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	115.82	−0.808%	$1.8M	$2.9M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.76	−0.009%	$32.4M	$103.7M	100x	as long as short
Bybit SOLUSDT	−0.0029%	8h	116.76	−0.007%	$730.6M	$1.37B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.64	−0.110%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.66	−0.091%	$1.4M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.77	+0.004%	$100K	$3.2M	8.3x	as long as short
Vest SOL-PERP	+0.0003%	1h	116.67	−0.088%	—	$640K	20x	as long as short
Bitget SOLUSDT	+0.0022%	8h	116.73	−0.034%	$482.0M	$438.9M	100x	as long as short
dYdX SOL-USD	+0.0039%	1h	116.76	−0.007%	$7.6M	$24.4M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.76	−0.009%	$7.8M	$389.8M	50x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.75	−0.016%	$177.1M	$168.9M	100x	as long as short
Phemex SOLUSDT	+0.0064%	8h	116.70	−0.058%	$45.4M	$102.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	116.79	+0.021%	$1.0M	$5.7M	100x	as long as short
SoDEX SOL-USD	+0.0091%	1h	116.74	−0.024%	$6.0M	$11.1M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.73	−0.031%	$13.2M	$56.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.71	−0.050%	$2.2M	$14.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.75	−0.013%	$352K	$240K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.73	−0.030%	$1.0M	$553K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.70	−0.058%	$59K	$897K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.73	−0.028%	$5.4M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.84	+0.062%	$701.8M	$387.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.77	+0.001%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.77	−0.002%	$963.2M	$3.79B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.78	+0.010%	$366.2M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.67	−0.084%	$217K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.75	−0.015%	$943K	$8.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.71	−0.050%	$843.0M	$617.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.74	−0.024%	$411.0M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.72	−0.045%	$130.1M	$236.8M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.73	−0.035%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.67	−0.084%	$22.9M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.98	−0.673%	$24.7M	$104.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.15	−0.533%	$93.3M	$405.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.18	−0.500%	$47.6M	$27.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.01	−0.653%	$1.1M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.31	−0.392%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.74	−0.024%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.77	+0.002%	$282K	$1.7M	20x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.76	−0.004%	$189K	$1.7M	30x
HTX SOL-USDT	+0.0100%	8h	116.63	−0.115%	$225.8M	$50.2M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.76	−0.867%	$125.0M	$25.2M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.71	−0.054%	$8.1M	$35.5M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	116.76	−0.007%	$100K	$184K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.73	−0.034%	—	$227.9M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0122%	1h	116.81	+0.035%	$26.2M	$21.2M	50x	as long as short
Phoenix SOL	+0.0124%	1h	116.08	−0.589%	$6.5M	$13.4M	25x	as long as short
Hibachi SOL/USDT-P	+0.0144%	1h	116.67	−0.088%	$104K	$677K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.367%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.69	−0.063%	$1.1M	$542K	25x	as long as short
Bluefin SOL-PERPlong	+0.0207%	1h	116.77	long leg	$27K	$36K	25x
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.092%	$52.3M	$62.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.66	−0.095%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0408%	1h	116.32	−0.380%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.77	+0.005%	$2.2M	$4.8M	20x	as long as short