Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:38 UTC+0.0347%/8h= +37.9% APRpaid last 24h −0.027%

Price spread now: Perpl against Bullet+0.002%7-day average −0.044% · you sell dearer than you buy

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

Long on Bullet Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.195%−$20 on $10k

Price spread, last 7 days+0.030%+$3 · spread now +0.002%, 7d avg −0.044%

Together, before fees−0.166%+ Points / potential airdropPerpl: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Perpl is 0.046% dearer against Bullet than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.044%. Mind the row above: over the last 3 days funding on this pair cost −0.195%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	117.33	0.0100	pay 0.0013% / 1h	9m 20s	$200K	$1.7M	20x
Short	Perpl SOL	117.34	0.0447	get 0.0040% / 43m	14m 20s	$128K	$3.8M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.002%Rate

Funding earned: $72.77
Price spread: +0.002% → −0.044%: $4.61
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $55.58
Costs to cover: 0.218%
Break-even: 1.7 days

Slippage unknown: Bullet: live order book, 5 min ago; Perpl: 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, 5 min ago	0.17 bp	5.6 bp −$6	9.4 bp −$94	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.36	+0.026%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.32	−0.015%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.35	+0.014%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.37	+0.031%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.37	+0.032%	$1.4M	$20.8M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.40	+0.056%	$26.4M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.35	+0.015%	$2.0M	$4.8M	20x	as long as short
Derive SOL-PERP	+0.0023%	1h	117.28	−0.045%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	117.43	+0.078%	$100K	$690K	20x	as long as short
HTX SOL-USDT	+0.0043%	8h	117.27	−0.053%	$227.9M	$45.4M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0048%	8h	117.33	−0.003%	$846.8M	$665.7M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.35	+0.018%	$31.5M	$98.8M	100x	as long as short
ApeX Omni SOLUSDT	+0.0056%	1h	117.47	+0.116%	$1.5M	$6.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.36	+0.026%	$8.0M	$406.9M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.31	−0.020%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.38	+0.037%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.35	+0.012%	$13.0M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.33	−0.003%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.36	+0.023%	$103K	$156K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.36	+0.023%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.39	+0.052%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.30	−0.029%	$67K	$851K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.36	+0.023%	$5.7M	$41.3M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.34	+0.006%	$176.1M	$179.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.37	+0.035%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.34	+0.002%	$967.1M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.36	+0.023%	$818.1M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.37	+0.031%	$365.9M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.31	−0.020%	$238K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.35	+0.012%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	+0.164%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.35	+0.014%	$423.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.32	−0.009%	$130.3M	$211.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.35	+0.011%	$486.3M	$440.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.35	+0.014%	$23.7M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.49	+0.137%	$24.3M	$121.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.52	+0.159%	$94.4M	$403.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.53	+0.166%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.40	+0.057%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.32	−0.011%	$354K	$2.4M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	117.33	long leg	$200K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	117.35	+0.011%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.35	+0.017%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.36	+0.023%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.36	+0.023%	$45.7M	$101.2M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.64	+0.261%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.34	+0.002%	$8.1M	$36.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.35	+0.018%	—	$225.1M	500x	as long as short
Hyperliquid SOL	+0.0113%	1h	117.44	+0.091%	$718.2M	$393.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.34	+0.002%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.457%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.34	+0.005%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0344%	1h	117.56	+0.194%	$25K	$51K	20x	as long as short
Perpl SOLshort	+0.0447%	43m	117.34	+0.002%	$128K	$3.8M	8.3x