Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Pacifica against Bullet−0.078%45s7-day average −0.011% · 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—prices read too far apart to compare

costs, in and out, $10k−$200.204% of the position

Long on Bullet Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.078%, 7d avg −0.011%

Together, before fees+0.079%+ Points / potential airdropPacifica: Active · farm board+$8 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: Pacifica is 0.067% cheaper against Bullet than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 45 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	119.56	0.0100	pay 0.0013% / 1h	13m 41s	$203K	$1.7M	20x
Short	Pacifica SOL	119.47	0.0100	get 0.0013% / 1h	13m 41s	$12.4M	$115.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.011%: −$6.69
Slippage, 4 orders: −$4.42
Fee Bullet: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$27.11
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Bullet: live order book, just now; Pacifica: live order book, just now.

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	0.29 bp	6.6 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit
Sell Pacifica live order book, just now	0.42 bp	4.4 bp −$4	doesn't fit	doesn't fit	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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.345%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.49	−0.060%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0072%	1h	119.46	−0.089%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.48	−0.067%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0004%	1h	119.50	−0.050%	$5.0M	$27.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.58	+0.011%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.54	−0.015%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.57	+0.003%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.62	+0.051%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0033%	1h	119.58	+0.015%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0051%	8h	119.52	−0.033%	$232.8M	$44.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.58	+0.017%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.46	−0.086%	$120K	$622K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.50	−0.052%	$105K	$152K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.45	−0.090%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.42	−0.119%	$871.7M	$688.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.43	−0.110%	$13.6M	$55.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.42	−0.115%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.55	−0.007%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.41	−0.130%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.40	−0.135%	$49K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.49	−0.060%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.55	−0.010%	$721.7M	$414.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.49	−0.059%	$179.9M	$176.0M	100x	as long as short
Pacifica SOLshort	+0.0100%	1h	119.47	−0.078%	$12.4M	$115.5M	20x
Binance SOLUSDT	+0.0100%	8h	119.42	−0.119%	$977.7M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.44	−0.099%	$826.0M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.42	−0.119%	$372.1M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.39	−0.144%	$235K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.49	−0.058%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	+0.080%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.42	−0.119%	$428.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.44	−0.102%	$140.9M	$197.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.42	−0.115%	$498.4M	$452.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.57	+0.007%	$24.3M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.47	−0.077%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.69	+0.111%	$96.1M	$402.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.56	−0.004%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.61	+0.043%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.42	−0.119%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.52	−0.035%	$365K	$2.4M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	119.56	long leg	$203K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	119.54	−0.017%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.46	−0.089%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.56	−0.002%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.57	+0.007%	$46.7M	$101.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.41	−0.126%	$8.7M	$36.7M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.61	+0.040%	$8.2M	$417.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.46	−0.087%	—	$221.4M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.58	+0.015%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0090%	1h	119.57	+0.006%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.41	−0.123%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.55	−0.006%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.41	−0.127%	$52.0M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.59	+0.024%	$35.6M	$91.2M	100x	as long as short