Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.035%

Price spread now: Bluefin against Bullet−0.003%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on Bluefin

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	115.83	0.0100	pay 0.0013% / 1h	23m 45s	$147K	$1.6M	20x
Short	Bluefin SOL-PERP	115.83	0.0100	get 0.0013% / 1h	23m 45s	$25K	$33K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin 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 BluefinbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → 0.000%: −$0.35
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$15.35
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bullet: live order book, just now; Bluefin: no order-book sample. 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 Bullet live order book, just now	0.30 bp	5.5 bp −$5	9.6 bp −$96	doesn't fit	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

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
Kraken Futures PF_SOLUSD	−0.0241%	1h	115.90	+0.057%	$31.7M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0160%	1h	115.78	−0.043%	$104K	$693K	20x	as long as short
BingX SOL-USDC	−0.0116%	8h	115.76	−0.059%	—	$10.6M	—	as long as short
Bybit SOLUSDT	−0.0112%	8h	115.78	−0.044%	$739.9M	$1.42B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.26	+0.369%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	115.78	−0.041%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	115.78	−0.042%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.83	−0.003%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.72	−0.095%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.80	−0.024%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0011%	1h	115.78	−0.045%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0024%	1h	115.84	+0.008%	$98K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.90	+0.061%	$7.7M	$403.4M	50x	as long as short
Bitget SOLUSDT	+0.0066%	8h	115.73	−0.087%	$477.0M	$457.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.85	+0.020%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.86	+0.021%	$13.0M	$61.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.84	+0.011%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.87	+0.037%	$348K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.76	−0.061%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.84	+0.006%	$1.0M	$550K	50x	as long as short
Aster SOLUSDT	+0.0100%	8h	115.80	−0.024%	$174.2M	$185.6M	100x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.76	−0.061%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.85	+0.016%	$684.9M	$400.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.81	−0.022%	$15.6M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.82	−0.009%	$965.3M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.79	−0.035%	$361.2M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.77	−0.053%	$215K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.83	−0.002%	$914K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	+0.009%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.78	−0.044%	$840.2M	$669.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.80	−0.027%	$355.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.77	−0.051%	$125.0M	$229.8M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.84	+0.008%	$22.8M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.53	−0.263%	$24.7M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.59	−0.209%	$92.8M	$406.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.69	−0.122%	$47.4M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.61	−0.191%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.76	−0.061%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.80	−0.027%	$319K	$2.7M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	115.83	long leg	$147K	$1.6M	20x
Bluefin SOL-PERPshort	+0.0100%	1h	115.83	−0.003%	$25K	$33K	25x
SunX SOL-USDT	+0.0100%	8h	115.87	+0.030%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.89	+0.051%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.81	−0.017%	$224.3M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.85	+0.016%	$45.1M	$104.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.75	−0.068%	$7.9M	$38.8M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0106%	1h	115.92	+0.080%	$26.2M	$22.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.83	+0.003%	—	$240.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.148%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	115.69	−0.122%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.81	−0.020%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.68	−0.130%	$51.5M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.83	−0.002%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.86	+0.026%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0582%	1h	115.78	−0.041%	$25K	$53K	20x	as long as short