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% APRpaid last 24h 0.000%

Price spread now: GRVT against Bulk−0.151%56s7-day average +0.022% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.254% of the position

Long on Bulk Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 7 days+0.164%+$16 · spread now −0.151%, 7d avg +0.022%

Together, before fees+0.169%+ Points / potential airdropGRVT: Active · farm board+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.173% cheaper against Bulk than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.022%. The two prices were read 56 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	Bulk SOL-USD	116.86	0.0100	pay 0.0013% / 1h	55m 56s	$134.6M	$18.3M	20x
Short	GRVT SOL_USDT_Perp	116.68	0.0100	get 0.0100% / 8h	4h 55m	$47.8M	$29.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bulk. 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 BulkbpFee GRVTbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0
Price spread: −0.151% → +0.022%: −$17.26
Slippage, 4 orders: −$9.43
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$42.69
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Bulk: live order book, 3 min ago; GRVT: live order book, 3 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 Bulk live order book, 3 min ago	4.29 bp	7.8 bp −$8	7.8 bp −$78	7.8 bp −$779	13.8 bp −$6,878
Sell GRVT live order book, 3 min ago	0.43 bp	4.9 bp −$5	5.3 bp −$53	9.8 bp −$978	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
Hotstuff SOL-PERP	−0.0080%	1h	116.58	−0.234%	$912	$8K	25x	as long as short
Vest SOL-PERP	−0.0074%	1h	116.66	−0.164%	—	$605K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.77	−0.070%	$54K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.73	−0.107%	$4.4M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.62	−0.202%	$1.4M	$18.8M	3.1x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	116.56	−0.253%	$104K	$697K	20x	as long as short
Derive SOL-PERP	+0.0012%	1h	116.72	−0.117%	$1.9M	$2.8M	13x	as long as short
Lighter RH SOL	+0.0016%	1h	116.76	−0.083%	$2.2M	$16.6M	25x	as long as short
ApeX Omni SOLUSDT	+0.0018%	1h	116.81	−0.041%	$1.7M	$6.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0062%	1h	116.81	−0.037%	$26.3M	$25.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0064%	1h	116.74	−0.099%	$100K	$168K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.79	−0.053%	$7.7M	$404.5M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.77	−0.071%	$30.8M	$100.0M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.77	−0.077%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.77	−0.073%	$13.0M	$59.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.78	−0.063%	$342K	$228K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.65	−0.176%	$50K	$845K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.75	−0.089%	$1.0M	$520K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.78	−0.061%	$5.6M	$39.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.89	+0.030%	$708.7M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.75	−0.090%	$175.4M	$182.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.71	−0.124%	$15.5M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.79	−0.058%	$962.9M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.70	−0.133%	$796.5M	$1.32B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.78	−0.065%	$365.1M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.67	−0.159%	$232K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.73	−0.109%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	116.86	long leg	$134.6M	$18.3M	20x
Gate SOL_USDT	+0.0100%	8h	116.77	−0.073%	$849.6M	$651.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.73	−0.107%	$416.0M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.72	−0.117%	$126.6M	$215.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.68	−0.148%	$481.9M	$439.0M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.81	−0.037%	—	$365.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.81	−0.039%	$23.4M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.68	−0.154%	$24.4M	$115.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.79	−0.053%	$93.8M	$396.7M	75x	as long as short
GRVT SOL_USDT_Perpshort	+0.0100%	8h	116.68	−0.151%	$47.8M	$29.0M	20x
StandX SOL-USD	+0.0100%	1h	116.63	−0.193%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.75	−0.090%	$336K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.75	−0.086%	$148K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.76	−0.079%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.76	−0.082%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.76	−0.082%	$226.6M	$46.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.84	−0.013%	$45.7M	$101.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.68	−0.149%	$8.0M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.60	−0.221%	—	$221.2M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.00	+0.124%	$6.5M	$13.3M	25x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	117.56	+0.603%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.75	−0.093%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	−0.313%	$51.7M	$71.7M	125x	as long as short
Perpl SOL	+0.0223%	43m	116.80	−0.047%	$128K	$3.7M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.76	−0.078%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0457%	1h	116.83	−0.021%	$25K	$50K	20x	as long as short
Bluefin SOL-PERP	+0.0487%	1h	116.76	−0.079%	$25K	$29K	25x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.77	−0.074%	$1.9M	$4.9M	20x	as long as short