Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.035%

Price spread now: BloFin against Coinbase International−0.059%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now −0.059%, 7d avg −0.020%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.039% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.020%). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	119.02	0.0112	pay 0.0014% / 1h	53m 12s	$8.1M	$415.0M	50x
Short	BloFin SOL-USDT	118.95	0.0220	get 0.0220% / 8h	2h 53m	$51.8M	$90.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.059%Rate

Funding earned: $22.68
Price spread: −0.059% → −0.020%: −$3.93
Slippage, 4 orders: −$1.76
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$5
Costs to cover: 0.238%
Break-even: 8.5 days

Slippage from Coinbase International: live order book, 1 min ago; BloFin: live order book, 6 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 Coinbase International live order book, 1 min ago	0.04 bp	5.4 bp −$5	9.1 bp −$91	17.4 bp −$1,737	doesn't fit
Sell BloFin live order book, 6 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	7.6 bp −$756	11.4 bp −$5,714

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	118.68	−0.286%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.88	−0.121%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0083%	1h	118.91	−0.095%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.81	−0.176%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0078%	1h	119.02	−0.002%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.99	−0.025%	$49K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.90	−0.101%	$4.9M	$26.8M	20x	as long as short
Perpl SOL	0.0000%	43m	118.96	−0.050%	$180K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.03	+0.006%	$26.7M	$27.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0056%	8h	118.95	−0.056%	$1.1M	$5.9M	100x	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	+0.0064%	1h	119.00	−0.017%	$105K	$153K	20x	as long as short
HTX SOL-USDT	+0.0073%	8h	118.87	−0.130%	$231.6M	$43.8M	75x	as long as short
Gate SOL_USDT	+0.0079%	8h	118.96	−0.050%	$859.0M	$674.0M	100x	as long as short
KuCoin SOLUSDTM	+0.0086%	8h	118.99	−0.029%	$144.9M	$197.3M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.96	−0.048%	$13.4M	$52.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.96	−0.050%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.00	−0.018%	$354K	$746K	20x	as long as short
Bitget SOLUSDT	+0.0098%	8h	118.97	−0.043%	$496.6M	$451.5M	100x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.90	−0.103%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.94	−0.067%	$47K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.91	−0.093%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.06	+0.034%	$718.5M	$423.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.97	−0.042%	$179.6M	$174.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.91	−0.094%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.95	−0.061%	$975.0M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.98	−0.034%	$823.4M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.94	−0.067%	$369.1M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.86	−0.134%	$233K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.02	+0.003%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	+0.057%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.95	−0.059%	$471.2M	$1.07B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.98	−0.036%	—	$371.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.99	−0.025%	$24.1M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	+0.046%	$27.7M	$126.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.04	+0.020%	$95.6M	$395.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.13	+0.093%	$48.7M	$33.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.99	−0.025%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.80	−0.185%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.97	−0.042%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.96	−0.048%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.97	−0.045%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.97	−0.046%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.97	−0.042%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.97	−0.042%	$46.4M	$99.9M	50x	as long as short
Kalshi KXSOLPERP	+0.0100%	8h	118.96	−0.053%	$1.2M	$20.9M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	118.95	−0.063%	$8.6M	$37.4M	50x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0112%	1h	119.02	long leg	$8.1M	$415.0M	50x
Hibachi SOL/USDT-P	+0.0120%	1h	118.85	−0.143%	$123K	$623K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.95	−0.056%	—	$218.1M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.00	−0.017%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.01	−0.009%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.97	−0.039%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	118.95	−0.059%	$51.8M	$90.8M	125x
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.99	−0.025%	$36.2M	$90.2M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	118.98	−0.032%	$3.5M	—	200x	as long as short