Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.001%

Price spread now: Extended against Bybit+0.044%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.044%, 7d avg −0.054%

Together, before fees+0.021%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.098% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	116.69	0.0029	pay 0.0029% / 8h	3h 32m	$762.5M	$1.38B	100x
Short	Extended SOL-USD	116.74	0.0104	get 0.0013% / 1h	32m 50s	$8.3M	$37.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee BybitbpFee ExtendedbpOrdersPrice spread, now +0.044%Rate

Funding earned: $15.66
Price spread: +0.044% → −0.054%: $9.8
Slippage, 4 orders: −$4.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $5.18
Costs to cover: 0.203%
Break-even: 4.7 days

Slippage from Bybit: live order book, 1 min ago; Extended: 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 Bybit live order book, 1 min ago	0.43 bp	6.8 bp −$7	7.2 bp −$72	9.6 bp −$957	20.1 bp −$10.0K
Sell Extended live order book, 1 min ago	0.43 bp	4.6 bp −$5	5.4 bp −$54	8.6 bp −$864	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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.79	+0.090%	$31.0M	$101.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0160%	1h	116.76	+0.058%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0088%	1h	116.72	+0.030%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.91	+0.193%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.79	+0.086%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.80	+0.098%	$1.5M	$19.0M	3.1x	as long as short
dYdX SOL-USD	+0.0009%	1h	116.82	+0.113%	$4.4M	$24.2M	20x	as long as short
Bybit SOLUSDTlong	+0.0029%	8h	116.69	long leg	$762.5M	$1.38B	100x
Derive SOL-PERP	+0.0032%	1h	116.74	+0.049%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.81	+0.105%	$7.6M	$405.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0072%	1h	116.78	+0.079%	$99K	$174K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.81	+0.106%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.81	+0.100%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.80	+0.092%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.81	+0.104%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.73	+0.036%	$61K	$893K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.78	+0.082%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.77	+0.067%	$5.4M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.89	+0.173%	$705.6M	$394.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.77	+0.071%	$174.9M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.83	+0.126%	$15.8M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.80	+0.098%	$975.1M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.78	+0.079%	$367.1M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.88	+0.165%	$229K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.80	+0.098%	$922K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.053%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.79	+0.087%	$853.1M	$662.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.80	+0.096%	$366.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.80	+0.093%	$129.3M	$223.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.77	+0.072%	$481.9M	$444.9M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.73	+0.037%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.79	+0.087%	$23.1M	$39.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.73	+0.040%	$24.5M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.84	+0.132%	$93.8M	$400.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.87	+0.156%	$47.8M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.97	+0.244%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.80	+0.096%	$1.3M	$12.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.75	+0.053%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.77	+0.071%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.77	+0.071%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.76	+0.063%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.79	+0.087%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.73	+0.038%	$226.3M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.80	+0.096%	$45.7M	$103.2M	50x	as long as short
Extended SOL-USDshort	+0.0104%	1h	116.74	+0.044%	$8.3M	$37.5M	50x
Injective SOL/USDC PERP	+0.0107%	1h	116.99	+0.259%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.75	+0.052%	—	$231.5M	500x	as long as short
Phoenix SOL	+0.0151%	1h	117.04	+0.302%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.73	+0.038%	$1.1M	$542K	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0192%	1h	116.85	+0.141%	$26.3M	$23.3M	50x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.78	+0.079%	$52.0M	$67.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.78	+0.083%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.82	+0.113%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0522%	1h	116.86	+0.145%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.87	+0.154%	$1.9M	$4.8M	20x	as long as short