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 −0.007%

Price spread now: OKX against Bullet−0.002%7-day average −0.033% · 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−$20as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on Bullet Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.002%, 7d avg −0.033%

Together, before fees−0.012%−$1 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: OKX is 0.031% dearer against Bullet than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	116.84	0.0100	pay 0.0013% / 1h	3m 05s	$148K	$1.6M	20x
Short	OKX SOL-USDT-SWAP	116.84	0.0100	get 0.0100% / 8h	4h 03m	$369.4M	$1.68B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → −0.033%: $3.14
Slippage, 4 orders: −$4.84
Fee Bullet: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.7
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from Bullet: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	0.30 bp	6.5 bp −$6	9.7 bp −$97	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.43 bp	5.4 bp −$5	6.3 bp −$63	10.0 bp −$995	22.2 bp −$11.1K

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
Hibachi SOL/USDT-P	−0.0168%	1h	116.69	−0.132%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0098%	1h	116.77	−0.060%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.78	−0.055%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.86	+0.014%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.86	+0.014%	$1.5M	$18.6M	3.1x	as long as short
dYdX SOL-USD	+0.0003%	1h	116.82	−0.021%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.78	−0.051%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.84	−0.002%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.86	+0.015%	$7.4M	$404.5M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.86	+0.011%	$31.1M	$99.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0092%	8h	116.85	+0.005%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.85	+0.008%	$13.1M	$60.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.84	−0.005%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.85	+0.005%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.80	−0.036%	$50K	$871K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.87	+0.023%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.78	−0.052%	$5.4M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.94	+0.084%	$706.2M	$394.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.83	−0.006%	$174.9M	$182.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.83	−0.007%	$15.7M	$129.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.84	−0.002%	$971.9M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.79	−0.045%	$782.1M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	116.84	−0.002%	$369.4M	$1.68B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	116.77	−0.062%	$231K	$836K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.85	+0.010%	$928K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	−0.124%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.83	−0.010%	$842.2M	$666.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.84	−0.002%	$374.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.84	+0.001%	$129.2M	$220.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.80	−0.033%	$479.9M	$441.0M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.81	−0.032%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.85	+0.007%	$23.3M	$39.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.60	−0.203%	$24.5M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.65	−0.167%	$93.6M	$397.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.66	−0.156%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.72	−0.102%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.71	−0.113%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.83	−0.010%	$321K	$2.6M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	116.84	long leg	$148K	$1.6M	20x
Bluefin SOL-PERP	+0.0100%	1h	116.83	−0.007%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.83	−0.013%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.85	+0.007%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.79	−0.047%	$226.5M	$47.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.85	+0.007%	$45.8M	$102.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.79	−0.044%	$8.3M	$37.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.77	−0.063%	—	$231.2M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.72	−0.104%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.71	−0.113%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0139%	1h	116.90	+0.052%	$26.4M	$23.7M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.82	−0.019%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.83	−0.010%	$52.0M	$67.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.86	+0.011%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.86	+0.015%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0525%	1h	116.78	−0.053%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.91	+0.057%	$1.9M	$4.8M	20x	as long as short