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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Bullet against Bybit−0.029%54s7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$240.244% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 7 days+0.032%+$3 · spread now −0.029%, 7d avg +0.022%
Together, before fees+0.039%+$4 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: Bullet is 0.051% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.022%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SOLUSDT119.030.0100pay 0.0100% / 8h32m 33s$825.9M$1.28B100x
ShortBullet SOL-USD119.000.0100get 0.0013% / 1h32m 33s$202K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Bybit. 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
$0
Price spread: −0.029% → +0.022%
−$5.14
Slippage, 4 orders
−$5.37
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$29.51
Costs to cover
0.244%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Bullet: live order book, 2 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 Bybit live order book, 2 min ago0.42 bp5.9 bp −$66.0 bp −$608.9 bp −$89318.8 bp −$9,379
Sell Bullet live order book, 2 min ago0.04 bp7.0 bp −$710.4 bp −$104doesn'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
Hotstuff SOL-PERP−0.0080%1h118.97−0.048%$844$8K25xas long as short
Vest SOL-PERP−0.0075%1h118.95−0.066%$723K20xas long as short
Derive SOL-PERP−0.0073%1h118.92−0.091%$2.0M$2.8M13xas long as short
dYdX SOL-USD−0.0017%1h119.03+0.002%$4.9M$28.0M20xas long as short
gTrade (Gains Network) SOL/USDL −0.0006% / S +0.0004%1h119.02−0.008%$112K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.02−0.006%$1.3M$20.7M3.1xas long as short
Perpl SOL0.0000%43m118.98−0.045%$176K$4.0M8.3xas long as short
ApeX Omni SOLUSDT+0.0042%1h119.02−0.008%$1.5M$6.2M50xas long as short
Deribit SOL_USDC-PERPETUAL+0.0050%1h119.06+0.025%$26.6M$26.0M50xas long as short
Orderly PERP_SOL_USDC+0.0075%8h119.01−0.013%$1.0M$5.9M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0080%1h119.04+0.008%$104K$158K20xas long as short
BingX SOL-USDC+0.0080%8h118.98−0.045%$10.5Mas long as short
HTX SOL-USDT+0.0088%8h118.93−0.081%$231.5M$45.0M75xas long as short
Gate SOL_USDT+0.0090%8h118.99−0.034%$864.1M$679.1M100xas long as short
Lighter SOL+0.0096%1h119.01−0.018%$13.6M$55.8M25xas long as short
Lighter RH SOL+0.0096%1h118.98−0.040%$2.2M$16.9M25xas long as short
Aevo SOL-PERP+0.0096%1h118.98−0.041%$352K$748K20xas long as short
Coinbase International SOL-PERP-INTX+0.0096%1h119.00−0.027%$8.1M$416.6M50xas long as short
Paradex SOL-USD-PERP+0.0099%8h118.97−0.053%$1.0M$522K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.00−0.025%$45K$797K20xas long as short
Nado SOL-PERP+0.0100%1h119.00−0.029%$6.1M$40.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.10+0.059%$721.0M$411.8M20xas long as short
Aster SOLUSDT+0.0100%8h119.00−0.025%$178.6M$176.3M100xas long as short
Pacifica SOL+0.0100%1h119.04+0.008%$12.3M$120.7M20xas long as short
Binance SOLUSDT+0.0100%8h119.01−0.016%$983.6M$3.82B100xas long as short
Bybit SOLUSDTlong+0.0100%8h119.03long leg$825.9M$1.28B100x
OKX SOL-USDT-SWAP+0.0100%8h118.98−0.042%$372.5M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.93−0.084%$233K$873K10xas long as short
Arcus SOL-USD+0.0100%1h119.04+0.011%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h119.35+0.269%$134.1M$6.0M20xas long as short
MEXC SOL_USDT+0.0100%8h119.00−0.025%$460.1M$1.12B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.01−0.018%$138.7M$205.0M75xas long as short
Bitget SOLUSDT+0.0100%8h118.99−0.035%$493.5M$460.0M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.00−0.025%$24.2M$38.5M50xas long as short
Variational Omni SOL+0.0100%8h119.09+0.052%$27.2M$129.1Mas long as short
edgeX SOLUSDC+0.0100%4h119.23+0.167%$95.8M$402.4M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.09+0.050%$48.8M$31.3M20xas long as short
StandX SOL-USD+0.0100%1h119.030.000%$1.4M$13.5M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.00−0.025%$366K$2.4M20xas long as short
Bullet SOL-USDshort+0.0100%1h119.00−0.029%$202K$1.7M20x
Bluefin SOL-PERP+0.0100%1h119.00−0.025%$37K$17K25xas long as short
SunX SOL-USDT+0.0100%8h118.96−0.060%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.98−0.042%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h118.99−0.034%$46.5M$102.8M50xas long as short
Phoenix SOL+0.0100%1h119.08+0.042%$6.6M$13.7M25xas long as short
Aftermath Perps SOLUSD+0.0103%1h119.21+0.147%$24K$47K20xas long as short
Extended SOL-USD+0.0104%1h118.98−0.045%$8.7M$36.0M50xas long as short
Hibachi SOL/USDT-P+0.0104%1h119.06+0.021%$121K$626K20xas long as short
Kraken Futures PF_SOLUSD+0.0105%1h118.99−0.033%$32.6M$97.1M100xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.98−0.038%$225.3M500xas long as short
GMX SOL/USD [SOL-USDC]L +0.0168% / S −0.0068%1h119.01−0.014%$3.8M200xas long as short
Injective SOL/USDC PERP+0.0170%1h119.60+0.479%$4K$2K12xas long as short
Reya SOLRUSDPERP+0.0183%1h118.98−0.040%$1.1M$538K25xas long as short
BloFin SOL-USDT+0.0220%8h119.00−0.025%$52.2M$81.7M125xas long as short
RISEx SOL/USDC+0.0226%1h119.06+0.021%$1.7M$5.2M20xas long as short