Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.018%
Price spread now: GMX against Bullet+0.020%7-day average +0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.073%+$7 on $10k
Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.020%, 7d avg +0.044%
Together, before fees+0.052%+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.024% cheaper against Bullet than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.044%). If the spread goes back, that is −$2 on $10k: about 27 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet SOL-USD118.800.0100pay 0.0013% / 1h50m 14s$201K$1.7M20x
ShortGMX SOL/USD [SOL-USDC]118.82L +0.0237% / S −0.0173%get 0.0022% / 1h50m 14s$3.5M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$15.35
Price spread: +0.020% → +0.044%
−$2.42
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
−$7.07
Costs to cover
0.200%
Break-even
10.2 days
Slippage unknown: Bullet: live order book, 4 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bullet live order book, 4 min ago0.04 bp6.3 bp −$68.9 bp −$89doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SOL/USDC PERP−0.0151%1h118.68−0.101%$4K$2K12xas long as short
Derive SOL-PERP−0.0104%1h118.74−0.052%$2.0M$3.2M13xas long as short
Vest SOL-PERP−0.0082%1h118.79−0.007%$726K20xas long as short
Hotstuff SOL-PERP−0.0080%1h118.81+0.005%$842$8K25xas long as short
Aftermath Perps SOLUSD−0.0067%1h118.96+0.133%$24K$48K20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h118.85+0.040%$49K150xas long as short
dYdX SOL-USD0.0000%1h118.91+0.093%$4.9M$26.8M20xas long as short
Kalshi KXSOLPERP0.0000%8h118.90+0.082%$1.2M$20.8M3.1xas long as short
Perpl SOL0.0000%43m118.90+0.084%$180K$4.1M8.3xas long as short
Deribit SOL_USDC-PERPETUAL+0.0017%1h118.85+0.046%$26.7M$27.8M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni SOLUSDT+0.0042%1h118.93+0.106%$1.5M$6.2M50xas long as short
Orderly PERP_SOL_USDC+0.0057%8h118.83+0.022%$1.1M$5.9M100xas long as short
01 Exchange SOLUSD+0.0072%1h118.88+0.067%$104K$153K20xas long as short
HTX SOL-USDT+0.0074%8h118.74−0.047%$231.4M$43.8M75xas long as short
Gate SOL_USDT+0.0080%8h118.79−0.008%$858.1M$674.9M100xas long as short
KuCoin SOLUSDTM+0.0089%8h118.82+0.014%$144.3M$197.6M75xas long as short
Lighter SOL+0.0096%1h118.80−0.004%$13.4M$53.0M25xas long as short
Lighter RH SOL+0.0096%1h118.79−0.011%$2.0M$16.6M25xas long as short
Aevo SOL-PERP+0.0096%1h118.85+0.040%$353K$746K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h118.86+0.052%$1.0M$524K50xas long as short
Bitget SOLUSDT+0.0099%8h118.80−0.001%$495.9M$451.5M100xas long as short
Katana Perps SOL-USD+0.0100%8h118.88+0.067%$47K$781K20xas long as short
Nado SOL-PERP+0.0100%1h118.83+0.023%$5.5M$40.7M40xas long as short
Hyperliquid SOL+0.0100%1h118.97+0.143%$717.6M$424.2M20xas long as short
Aster SOLUSDT+0.0100%8h118.80−0.004%$179.2M$174.3M100xas long as short
Pacifica SOL+0.0100%1h118.90+0.088%$12.4M$113.1M20xas long as short
Binance SOLUSDT+0.0100%8h118.79−0.005%$973.7M$3.75B100xas long as short
Bybit SOLUSDT+0.0100%8h118.83+0.025%$820.9M$1.26B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.78−0.017%$368.3M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.86+0.051%$233K$868K10xas long as short
Arcus SOL-USD+0.0100%1h118.92+0.102%$1.9M$8.9M20xas long as short
Bulk SOL-USD+0.0100%1h118.88+0.069%$133.2M$12.7M20xas long as short
MEXC SOL_USDT+0.0100%8h118.81+0.008%$467.0M$1.07B300xas long as short
BingX SOL-USDC+0.0100%8h118.78−0.017%$10.5Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.88+0.067%$24.3M$37.9M50xas long as short
Variational Omni SOL+0.0100%8h118.86+0.047%$28.3M$126.8Mas long as short
edgeX SOLUSDC+0.0100%4h118.91+0.092%$95.5M$396.1M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.13+0.278%$48.7M$33.2M20xas long as short
StandX SOL-USD+0.0100%1h118.86+0.051%$1.4M$13.2M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.89+0.076%$362K$2.4M20xas long as short
Bullet SOL-USDlong+0.0100%1h118.80long leg$201K$1.7M20x
Bluefin SOL-PERP+0.0100%1h118.83+0.024%$37K$15K25xas long as short
SunX SOL-USDT+0.0100%8h118.88+0.064%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.79−0.008%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h118.83+0.025%$46.4M$99.9M50xas long as short
Extended SOL-USD+0.0104%1h118.78−0.013%$8.6M$37.4M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h118.84+0.036%$8.1M$414.5M50xas long as short
Hibachi SOL/USDT-P+0.0120%1h118.85+0.039%$123K$622K20xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.91+0.089%$218.7M500xas long as short
Phoenix SOL+0.0154%1h119.00+0.168%$6.7M$12.5M25xas long as short
RISEx SOL/USDC+0.0175%1h118.89+0.078%$1.6M$6.1M20xas long as short
Reya SOLRUSDPERP+0.0180%1h118.82+0.015%$1.1M$557K25xas long as short
BloFin SOL-USDT+0.0220%8h118.81+0.008%$51.7M$90.6M125xas long as short
Kraken Futures PF_SOLUSD+0.0224%1h118.80+0.004%$36.1M$90.4M100xas long as short
GMX SOL/USD [SOL-USDC]shortL +0.0237% / S −0.0173%1h118.82+0.020%$3.5M200x