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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h +0.058%
Price spread now: Bluefin against Deribit−0.052%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.511%−$51 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Bluefin is 0.052% cheaper against Deribit than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.511%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit SOL_USDC-PERPETUAL117.550.0057pay 0.0007% / 1h41m 58s$26.4M$25.2M50x
ShortBluefin SOL-PERP117.480.0100get 0.0013% / 1h41m 58s$25K$27K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Deribit. 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
$8.99
Price spread: −0.052% → 0.000%
−$5.19
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$10.2
Costs to cover
0.140%
Break-even
14.9 days
Slippage unknown: Deribit: live order book, 2 min ago; Bluefin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 2 min ago1.62 bp5.8 bp −$66.2 bp −$6220.9 bp −$2,093doesn't fit
Sell Bluefin no order-book sample
Bluefin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h117.36−0.154%$918$8K25xas long as short
Vest SOL-PERP−0.0058%1h117.44−0.089%$605K20xas long as short
Kraken Futures PF_SOLUSD−0.0055%1h117.51−0.031%$31.5M$98.1M100xas long as short
Derive SOL-PERP−0.0010%1h117.42−0.106%$1.9M$2.8M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h117.50−0.039%$56K150xas long as short
dYdX SOL-USD0.0000%1h117.46−0.073%$4.5M$24.1M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.56+0.012%$1.4M$19.5M3.1xas long as short
HTX SOL-USDT+0.0055%8h117.49−0.044%$228.2M$45.6M75xas long as short
01 Exchange SOLUSD+0.0056%1h117.54−0.005%$100K$163K20xas long as short
Deribit SOL_USDC-PERPETUALlong+0.0057%1h117.55long leg$26.4M$25.2M50x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International SOL-PERP-INTX+0.0064%1h117.55+0.002%$8.0M$403.4M50xas long as short
Hibachi SOL/USDT-P+0.0072%1h117.34−0.179%$100K$691K20xas long as short
BingX SOL-USDT+0.0080%8h117.33−0.183%$362.8Mas long as short
Orderly PERP_SOL_USDC+0.0088%8h117.51−0.032%$1.0M$5.8M100xas long as short
Lighter SOL+0.0096%1h117.52−0.022%$13.1M$59.2M25xas long as short
Lighter RH SOL+0.0096%1h117.49−0.045%$2.1M$16.2M25xas long as short
Aevo SOL-PERP+0.0096%1h117.50−0.035%$344K$225K20xas long as short
Katana Perps SOL-USD+0.0100%8h117.49−0.048%$67K$835K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.51−0.032%$1.0M$516K50xas long as short
Nado SOL-PERP+0.0100%1h117.49−0.043%$5.7M$39.5M40xas long as short
Aster SOLUSDT+0.0100%8h117.49−0.045%$176.3M$176.9M100xas long as short
Pacifica SOL+0.0100%1h117.52−0.022%$14.5M$127.6M20xas long as short
Binance SOLUSDT+0.0100%8h117.31−0.198%$965.6M$3.73B100xas long as short
Bybit SOLUSDT+0.0100%8h117.33−0.185%$819.2M$1.24B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.29−0.218%$365.7M$1.63B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.38−0.141%$237K$849K10xas long as short
Arcus SOL-USD+0.0100%1h117.52−0.022%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h117.45−0.082%$134.7M$15.8M20xas long as short
Gate SOL_USDT+0.0100%8h117.43−0.099%$857.7M$647.0M100xas long as short
MEXC SOL_USDT+0.0100%8h117.33−0.184%$423.5M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.35−0.168%$129.9M$212.4M75xas long as short
Bitget SOLUSDT+0.0100%8h117.33−0.185%$485.9M$433.3M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.49−0.048%$23.7M$36.9M50xas long as short
Variational Omni SOL+0.0100%8h117.36−0.154%$24.3M$119.2Mas long as short
edgeX SOLUSDC+0.0100%4h117.39−0.134%$94.3M$401.0M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.27−0.239%$48.0M$28.4M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h117.48−0.056%$1.5M$5.9M50xas long as short
StandX SOL-USD+0.0100%1h117.38−0.141%$1.3M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.50−0.039%$352K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h117.51−0.028%$200K$1.6M20xas long as short
Bluefin SOL-PERPshort+0.0100%1h117.48−0.052%$25K$27K25x
SunX SOL-USDT+0.0100%8h117.53−0.015%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.51−0.031%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.50−0.039%$45.7M$100.2M50xas long as short
Extended SOL-USD+0.0104%1h117.32−0.195%$8.2M$36.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.44−0.088%$220.8M500xas long as short
Phoenix SOL+0.0129%1h117.56+0.012%$6.5M$13.4M25xas long as short
RISEx SOL/USDC+0.0136%1h117.60+0.050%$1.9M$4.9M20xas long as short
Hyperliquid SOL+0.0165%1h117.59+0.037%$718.2M$393.3M20xas long as short
Reya SOLRUSDPERP+0.0190%1h117.49−0.046%$1.1M$523K25xas long as short
Injective SOL/USDC PERP+0.0218%1h117.38−0.141%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h117.48−0.056%$51.9M$71.1M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0232% / S −0.0170%1h117.50−0.042%$3.6M200xas long as short
Aftermath Perps SOLUSD+0.0382%1h117.47−0.064%$25K$51K20xas long as short
Perpl SOL+0.0447%43m117.53−0.012%$128K$3.8M8.3xas long as short