Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.022%

Price spread now: GRVT against Coinbase International+0.023%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.023%, 7d avg −0.018%

Together, before fees−0.054%+ Points / potential airdropGRVT: Active · farm board−$5 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: GRVT is 0.040% dearer against Coinbase International than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	118.50	0.0096	pay 0.0012% / 1h	10m 56s	$8.1M	$415.7M	50x
Short	GRVT SOL_USDT_Perp	118.53	0.0100	get 0.0100% / 8h	10m 56s	$48.6M	$31.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0.84
Price spread: +0.023% → −0.018%: $4.05
Slippage, 4 orders: −$2.25
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$16.36
Costs to cover: 0.213%
Break-even: 143.4 days

Slippage from Coinbase International: live order book, 3 min ago; GRVT: live order book, 3 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, 3 min ago	0.04 bp	5.4 bp −$5	8.9 bp −$89	16.1 bp −$1,610	doesn't fit
Sell GRVT live order book, 3 min ago	0.42 bp	4.9 bp −$5	5.3 bp −$53	9.8 bp −$980	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
Derive SOL-PERP	−0.0100%	1h	118.40	−0.086%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.49	−0.005%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.46	−0.033%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	118.49	−0.006%	$4.8M	$28.0M	20x	as long as short
ApeX Omni SOLUSDT	−0.0014%	1h	118.53	+0.024%	$1.5M	$6.2M	50x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.50	−0.001%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.62	+0.098%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.49	−0.006%	$174K	$3.9M	8.3x	as long as short
Gate SOL_USDT	+0.0071%	8h	118.46	−0.034%	$863.9M	$686.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0076%	8h	118.50	−0.003%	$1.0M	$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
HTX SOL-USDT	+0.0078%	8h	118.44	−0.049%	$230.5M	$45.2M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.52	+0.017%	$103K	$158K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.46	−0.035%	—	$10.5M	—	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0083%	1h	118.53	+0.025%	$26.6M	$25.8M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.47	−0.024%	$13.4M	$56.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.46	−0.032%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.62	+0.097%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.45	−0.038%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0096%	1h	118.50	long leg	$8.1M	$415.7M	50x
Paradex SOL-USD-PERP	+0.0100%	8h	118.52	+0.013%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.50	0.000%	$45K	$802K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.52	+0.014%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.59	+0.076%	$717.1M	$411.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.52	+0.018%	$178.2M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.54	+0.030%	$12.2M	$121.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.56	+0.051%	$977.1M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.58	+0.063%	$822.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.56	+0.051%	$369.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.58	+0.068%	$229K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.53	+0.027%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.73	+0.191%	$133.6M	$4.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.56	+0.051%	$426.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.49	−0.008%	$137.5M	$206.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.56	+0.046%	$491.7M	$459.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.49	−0.008%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.019%	$26.9M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.54	+0.035%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perpshort	+0.0100%	8h	118.53	+0.023%	$48.6M	$31.1M	20x
StandX SOL-USD	+0.0100%	1h	118.57	+0.059%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.48	−0.017%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.47	−0.024%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.48	−0.016%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.46	−0.037%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.47	−0.025%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.48	−0.017%	$46.3M	$102.7M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.69	+0.160%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.53	+0.027%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.49	−0.008%	$32.5M	$97.2M	100x	as long as short
Aftermath Perps SOLUSD	+0.0111%	1h	118.62	+0.104%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.61	+0.093%	—	$226.1M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0167% / S −0.0064%	1h	118.49	−0.009%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.346%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.46	−0.030%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.48	−0.017%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.48	−0.013%	$1.8M	$4.9M	20x	as long as short