Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.007%

Price spread now: Orderly against Coinbase International+0.044%7-day average −0.010% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.044%, 7d avg −0.010%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.054% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	115.78	0.0048	pay 0.0006% / 1h	39m 08s	$7.8M	$403.8M	50x
Short	Orderly PERP_SOL_USDC	115.83	0.0095	get 0.0095% / 8h	2h 39m	$1.0M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.044%Rate

Funding earned: $9.86
Price spread: +0.044% → −0.010%: $5.44
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.69
Costs to cover: 0.160%
Break-even: 7.5 days

Slippage unknown: Coinbase International: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago	0.04 bp	5.8 bp −$6	8.4 bp −$84	14.3 bp −$1,427	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0241%	1h	115.79	+0.011%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0224%	1h	116.07	+0.253%	$104K	$705K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.73	−0.041%	$1.9M	$2.9M	13x	as long as short
Vest SOL-PERP	−0.0120%	1h	115.75	−0.023%	—	$625K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	115.72	−0.048%	$739.3M	$1.41B	100x	as long as short
BingX SOL-USDT	−0.0115%	8h	115.80	+0.018%	—	$368.4M	—	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	115.85	+0.061%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.82	+0.042%	$41K	—	150x	as long as short
01 Exchange SOLUSD	0.0000%	1h	115.71	−0.056%	$98K	$177K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.73	−0.041%	$1.5M	$19.2M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	115.71	−0.060%	$112K	$3.7M	8.3x	as long as short
dYdX SOL-USD	+0.0013%	1h	115.76	−0.016%	$4.3M	$24.6M	20x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0048%	1h	115.78	long leg	$7.8M	$403.8M	50x
Bullet SOL-USD	+0.0057%	1h	115.79	+0.011%	$146K	$1.6M	20x	as long as short
Bitget SOLUSDT	+0.0071%	8h	115.78	+0.008%	$479.6M	$454.5M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0090%	1h	115.86	+0.077%	$26.2M	$22.4M	50x	as long as short
Orderly PERP_SOL_USDCshort	+0.0095%	8h	115.83	+0.044%	$1.0M	$5.9M	100x
Lighter SOL	+0.0096%	1h	115.76	−0.014%	$12.9M	$60.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.76	−0.012%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.80	+0.021%	$348K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.66	−0.099%	$65K	$906K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.73	−0.041%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.66	−0.099%	$5.3M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.86	+0.073%	$688.6M	$397.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	115.80	+0.022%	$173.6M	$183.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	115.79	+0.010%	$15.5M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.78	+0.006%	$965.6M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.76	−0.013%	$360.1M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.67	−0.091%	$213K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.76	−0.010%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.24	+0.399%	$130.1M	$16.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.76	−0.013%	$838.6M	$663.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.78	+0.004%	$357.4M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.75	−0.022%	$123.8M	$228.5M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.79	+0.013%	$22.8M	$40.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.96	+0.156%	$25.0M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.27	+0.428%	$93.3M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.81	+0.029%	$47.4M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.14	+0.312%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.80	+0.022%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.71	−0.056%	$317K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.81	+0.027%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.82	+0.042%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.78	+0.004%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.76	−0.013%	$224.2M	$49.9M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.77	−0.004%	$45.1M	$103.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.77	−0.001%	$7.9M	$38.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.73	−0.039%	—	$238.8M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.669%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.27	+0.428%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.72	−0.050%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.77	−0.004%	$51.8M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.81	+0.028%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.78	+0.001%	$1.9M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0603%	1h	116.16	+0.332%	$25K	$52K	20x	as long as short