Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%

Price spread now: GRVT against Bullet+0.242%66s7-day average −0.001% · you sell dearer than you buy

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−$220.220% of the position

Long on Bullet Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 7 days−0.223%−$22 · spread now +0.242%, 7d avg −0.001%

Together, before fees−0.234%+ Points / potential airdropGRVT: Active · farm board−$23 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 0.244% dearer against Bullet than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.001%. The two prices were read 66 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	Bullet SOL-USD	117.56	0.0100	pay 0.0013% / 1h	54m 23s	$200K	$1.7M	20x
Short	GRVT SOL_USDT_Perp	117.85	0.0100	get 0.0100% / 8h	6h 54m	$48.3M	$29.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.242%Rate

Funding earned: $0
Price spread: +0.242% → −0.001%: $24.38
Slippage, 4 orders: −$5.01
Fee Bullet: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $2.37
Costs to cover: 0.220%
Break-even: from the start

Slippage from Bullet: live order book, 5 min ago; GRVT: live order book, 5 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, 5 min ago	0.34 bp	6.8 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	0.42 bp	4.9 bp −$5	5.3 bp −$53	14.4 bp −$1,436	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
ApeX Omni SOLUSDT	−0.1080%	1h	118.05	+0.414%	$1.5M	$6.1M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.56	0.000%	$919	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	117.55	−0.013%	$94K	$697K	20x	as long as short
HTX SOL-USDT	−0.0079%	8h	117.52	−0.035%	$228.6M	$44.7M	75x	as long as short
Vest SOL-PERP	−0.0079%	1h	117.53	−0.028%	—	$610K	20x	as long as short
Derive SOL-PERP	−0.0050%	1h	117.58	+0.018%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.57	+0.007%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.69	+0.111%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.59	+0.023%	$1.6M	$21.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.64	+0.071%	$131K	$4.0M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0005%	8h	117.58	+0.015%	$844.6M	$647.7M	100x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.53	−0.031%	$1.8M	$4.6M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.77	+0.176%	$31.5M	$98.6M	100x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.54	−0.019%	$102K	$162K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0066%	1h	117.77	+0.175%	$26.4M	$25.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.75	+0.157%	$7.9M	$409.5M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.54	−0.019%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.67	+0.093%	$1.1M	$5.9M	100x	as long as short
Lighter RH SOL	+0.0088%	1h	117.65	+0.075%	$2.2M	$16.6M	25x	as long as short
Lighter SOL	+0.0096%	1h	117.70	+0.117%	$13.1M	$57.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.68	+0.097%	$345K	$262K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.58	+0.013%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.52	−0.036%	$45K	$815K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.58	+0.020%	$5.7M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.66	+0.083%	$715.3M	$400.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.55	−0.010%	$177.4M	$180.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.69	+0.108%	$12.8M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.57	+0.004%	$973.2M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.61	+0.041%	$818.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.60	+0.032%	$364.7M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.56	−0.002%	$255K	$899K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.59	+0.027%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.500%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.58	+0.015%	$421.3M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.54	−0.022%	$133.0M	$207.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.71	+0.129%	$488.7M	$445.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.65	+0.075%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.61	+0.038%	$24.4M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.09	+0.450%	$94.9M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perpshort	+0.0100%	8h	117.85	+0.242%	$48.3M	$29.6M	20x
StandX SOL-USD	+0.0100%	1h	117.58	+0.015%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.56	−0.002%	$352K	$2.3M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	117.56	long leg	$200K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	117.59	+0.027%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.60	+0.035%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.72	+0.134%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.66	+0.083%	$45.9M	$100.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.66	+0.084%	$8.3M	$35.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.65	+0.073%	—	$228.5M	500x	as long as short
Phoenix SOL	+0.0114%	1h	117.72	+0.134%	$6.5M	$13.5M	25x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.52	−0.037%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.63	+0.058%	$52.2M	$73.9M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.649%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.57	+0.006%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0280%	1h	118.10	+0.461%	$25K	$51K	20x	as long as short