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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0461%/8h= +50.5% APRnext payment +$0.58 per $10,000 · paid last 24h +0.031%
Price spread now: RISEx against Bullet+0.069%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$190.188% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.086%+$9 on $10k
Price spread, last 7 days−0.079%−$8 · spread now +0.069%, 7d avg −0.025%
Together, before fees+0.007%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and RISEx is 0.095% dearer against Bullet than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.025%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.086% in total (about 9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet SOL-USD116.690.0100pay 0.0013% / 1h57m 56s$147K$1.6M20x
ShortRISEx SOL/USDC116.770.0561get 0.0070% / 1h57m 56s$1.9M$4.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$96.8
Price spread: +0.069% → −0.025%
$9.5
Slippage, 4 orders
−$4.75
Fee Bullet: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
$87.55
Costs to cover
0.188%
Break-even
0.7 days
Slippage from Bullet: live order book, 1 min ago; RISEx: live order book, 1 min ago.

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, 1 min ago0.21 bp5.2 bp −$59.6 bp −$96doesn't fitdoesn't fit
Sell RISEx live order book, 1 min ago0.38 bp4.6 bp −$58.1 bp −$81doesn't fitdoesn't fit

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
Kraken Futures PF_SOLUSD−0.0193%1h116.64−0.040%$30.9M$100.3M100xas long as short
Hibachi SOL/USDT-P−0.0176%1h116.71+0.017%$103K$698K20xas long as short
Vest SOL-PERP−0.0099%1h116.65−0.028%$601K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.69+0.001%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.68−0.007%$54K150xas long as short
dYdX SOL-USD0.0000%1h116.67−0.015%$4.4M$24.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h116.69−0.002%$1.5M$19.0M3.1xas long as short
Derive SOL-PERP+0.0030%1h116.56−0.110%$1.9M$2.8M13xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.64−0.040%$7.4M$404.0M50xas long as short
Orderly PERP_SOL_USDC+0.0093%8h116.64−0.045%$1.0M$5.8M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter SOL+0.0096%1h116.64−0.039%$13.0M$59.7M25xas long as short
Lighter RH SOL+0.0096%1h116.63−0.051%$2.2M$16.7M25xas long as short
01 Exchange SOLUSD+0.0096%1h116.73+0.036%$99K$173K20xas long as short
Aevo SOL-PERP+0.0096%1h116.62−0.057%$347K$244K20xas long as short
Katana Perps SOL-USD+0.0099%8h116.69+0.002%$48K$878K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h116.76+0.065%$1.0M$550K50xas long as short
Nado SOL-PERP+0.0100%1h116.66−0.024%$5.4M$40.0M40xas long as short
Hyperliquid SOL+0.0100%1h116.78+0.079%$705.2M$394.7M20xas long as short
Aster SOLUSDT+0.0100%8h116.66−0.024%$174.6M$182.8M100xas long as short
Pacifica SOL+0.0100%1h116.72+0.028%$15.8M$130.2M20xas long as short
Binance SOLUSDT+0.0100%8h116.71+0.018%$972.3M$3.80B100xas long as short
Bybit SOLUSDT+0.0100%8h116.64−0.041%$777.2M$1.36B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.71+0.019%$369.1M$1.68B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.66−0.024%$231K$836K10xas long as short
Arcus SOL-USD+0.0100%1h116.72+0.032%$925K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h116.70+0.008%$134.0M$22.5M20xas long as short
Gate SOL_USDT+0.0100%8h116.66−0.024%$843.1M$653.9M100xas long as short
MEXC SOL_USDT+0.0100%8h116.69+0.002%$369.8M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.69−0.002%$128.9M$221.6M75xas long as short
Bitget SOLUSDT+0.0100%8h116.67−0.019%$479.1M$441.6M100xas long as short
BingX SOL-USDC+0.0100%8h116.67−0.020%$10.5Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.67−0.015%$23.1M$39.1M50xas long as short
Variational Omni SOL+0.0100%8h116.91+0.194%$24.6M$113.9Mas long as short
edgeX SOLUSDC+0.0100%4h116.91+0.192%$93.9M$398.4M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.84+0.130%$47.8M$30.0M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.87+0.156%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.74+0.045%$1.3M$12.9M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.68−0.007%$322K$2.6M20xas long as short
Bullet SOL-USDlong+0.0100%1h116.69long leg$147K$1.6M20x
Bluefin SOL-PERP+0.0100%1h116.67−0.015%$25K$31K25xas long as short
SunX SOL-USDT+0.0100%8h116.68−0.004%$189K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.62−0.058%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.56−0.111%$226.1M$47.5M75xas long as short
Phemex SOLUSDT+0.0100%8h116.69+0.002%$45.6M$102.1M50xas long as short
Extended SOL-USD+0.0104%1h116.63−0.050%$8.3M$37.4M50xas long as short
Injective SOL/USDC PERP+0.0107%1h116.72+0.027%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.68−0.010%$231.4M500xas long as short
Deribit SOL_USDC-PERPETUAL+0.0126%1h116.67−0.012%$26.3M$23.4M50xas long as short
Phoenix SOL+0.0137%1h116.99+0.259%$6.5M$13.3M25xas long as short
Reya SOLRUSDPERP+0.0190%1h116.65−0.031%$1.1M$541K25xas long as short
BloFin SOL-USDT+0.0220%8h116.68−0.007%$51.9M$67.6M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0235% / S −0.0178%1h116.690.000%$3.6M200xas long as short
Perpl SOL+0.0447%43m116.71+0.018%$139K$3.7M8.3xas long as short
Aftermath Perps SOLUSD+0.0507%1h116.78+0.082%$25K$50K20xas long as short
RISEx SOL/USDCshort+0.0561%1h116.77+0.069%$1.9M$4.8M20x