Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.007%

Price spread now: Bitget against Bullet−0.001%7-day average −0.028% · 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−$22as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Bullet Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.001%, 7d avg −0.028%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.027% dearer against Bullet than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.028%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	116.21	0.0100	pay 0.0013% / 1h	40m 22s	$282K	$1.7M	20x
Short	Bitget SOLUSDT	116.21	0.0025	get 0.0025% / 8h	7h 40m	$479.4M	$452.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bullet. 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 BulletbpFee BitgetbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$15.75
Price spread: −0.001% → −0.028%: $2.72
Slippage, 4 orders: −$4.35
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$37.37
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Bullet: live order book, 4 min ago; Bitget: live order book, 4 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 Bullet live order book, 4 min ago	0.47 bp	5.4 bp −$5	6.9 bp −$69	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.04 bp	6.5 bp −$6	9.5 bp −$95	17.0 bp −$1,698	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	116.29	+0.067%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.30	+0.080%	$32.3M	$106.0M	100x	as long as short
Vest SOL-PERP	−0.0004%	1h	116.21	−0.004%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.24	+0.024%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.28	+0.060%	$4.3M	$23.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.31	+0.083%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.26	+0.043%	$103K	$3.4M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0001%	1h	116.32	+0.093%	$26.2M	$21.6M	50x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.19	−0.017%	$1.8M	$2.9M	13x	as long as short
Bybit SOLUSDT	+0.0018%	8h	116.21	0.000%	$730.5M	$1.40B	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDTshort	+0.0025%	8h	116.21	−0.001%	$479.4M	$452.4M	100x
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.30	+0.075%	$7.8M	$393.7M	50x	as long as short
Aster SOLUSDT	+0.0053%	8h	116.18	−0.023%	$176.8M	$169.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0068%	8h	116.23	+0.019%	$1.0M	$5.9M	100x	as long as short
Gate SOL_USDT	+0.0075%	8h	116.19	−0.018%	$847.0M	$610.0M	100x	as long as short
SoDEX SOL-USD	+0.0091%	1h	116.26	+0.043%	$6.1M	$11.0M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.25	+0.034%	$13.0M	$56.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.23	+0.017%	$2.2M	$14.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.22	+0.006%	$351K	$255K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.25	+0.034%	$1.0M	$554K	50x	as long as short
Phemex SOLUSDT	+0.0098%	8h	116.29	+0.068%	$45.2M	$103.5M	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.18	−0.026%	$64K	$901K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.23	+0.017%	$5.4M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.32	+0.094%	$694.9M	$407.8M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.29	+0.067%	$15.7M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.23	+0.017%	$960.9M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.25	+0.034%	$365.7M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.16	−0.043%	$218K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.24	+0.024%	$918K	$8.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.19	−0.018%	$371.8M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.19	−0.014%	$129.6M	$237.3M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.21	−0.001%	—	$372.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.28	+0.060%	$22.9M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.24	+0.022%	$24.8M	$105.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.47	+0.222%	$93.5M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	+0.163%	$47.6M	$28.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.50	+0.253%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.40	+0.163%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.22	+0.008%	$318K	$2.8M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	116.21	long leg	$282K	$1.7M	20x
SunX SOL-USDT	+0.0100%	8h	116.26	+0.043%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.35	+0.117%	$225.3M	$50.5M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	+0.206%	$126.0M	$25.6M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.17	−0.031%	$8.2M	$36.3M	50x	as long as short
Hibachi SOL/USDT-P	+0.0104%	1h	116.32	+0.093%	$100K	$683K	20x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	116.23	+0.017%	$101K	$182K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.30	+0.079%	—	$230.9M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.60	+0.335%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.111%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.16	−0.046%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.26	+0.043%	$51.9M	$64.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.40	+0.162%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0410%	1h	116.39	+0.153%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.32	+0.093%	$2.1M	$4.8M	20x	as long as short
Bluefin SOL-PERP	+0.0952%	1h	116.23	+0.013%	$27K	$36K	25x	as long as short