Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0250%/8h= +27.3% APRpaid last 24h +0.071%

Price spread now: BloFin against Derive+0.069%7-day average +0.031% · you sell dearer than you buy

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

Long on Derive Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.069%, 7d avg +0.031%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.038% dearer against Derive than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive SOL-PERP	116.42	−0.0030	get 0.0004% / 1h	13m 15s	$1.9M	$2.9M	13x
Short	BloFin SOL-USDT	116.50	0.0220	get 0.0220% / 8h	3h 13m	$51.8M	$67.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Derive. 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 DerivebpFee BloFinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $52.45
Price spread: +0.069% → +0.031%: $3.84
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $38.3
Costs to cover: 0.180%
Break-even: 1.9 days

Slippage unknown: Derive: no order-book sample; BloFin: live order book, 11 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell BloFin live order book, 11 min ago	0.43 bp	6.4 bp −$6	6.8 bp −$68	8.4 bp −$840	11.2 bp −$5,582

Derive: 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
Hibachi SOL/USDT-P	−0.0208%	1h	116.59	+0.146%	$105K	$703K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.52	+0.084%	$31.3M	$102.2M	100x	as long as short
Vest SOL-PERP	−0.0107%	1h	116.45	+0.025%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.61	+0.166%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0056%	8h	116.42	−0.004%	$751.2M	$1.39B	100x	as long as short
Derive SOL-PERPlong	−0.0030%	1h	116.42	long leg	$1.9M	$2.9M	13x
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	+0.076%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.52	+0.091%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0011%	1h	116.49	+0.060%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.52	+0.090%	$7.6M	$405.3M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0060%	1h	116.49	+0.062%	$147K	$1.6M	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.53	+0.095%	$99K	$175K	20x	as long as short
Bitget SOLUSDT	+0.0092%	8h	116.47	+0.043%	$480.7M	$447.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.51	+0.075%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.50	+0.070%	$13.1M	$60.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.49	+0.058%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.51	+0.081%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.46	+0.035%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.52	+0.084%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.47	+0.048%	$5.4M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.61	+0.164%	$702.5M	$395.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.48	+0.052%	$174.5M	$183.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.53	+0.093%	$15.7M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.51	+0.078%	$971.7M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.51	+0.078%	$367.3M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.42	+0.001%	$227K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.54	+0.102%	$919K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	+0.029%	$133.0M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.48	+0.052%	$855.8M	$667.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.51	+0.078%	$368.1M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.49	+0.064%	$128.8M	$224.1M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.49	+0.058%	—	$364.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.49	+0.061%	$23.0M	$40.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.48	+0.056%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.58	+0.138%	$93.6M	$401.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.51	+0.076%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.71	+0.250%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.50	+0.069%	$1.3M	$12.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	+0.052%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.51	+0.078%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.50	+0.073%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.50	+0.069%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.48	+0.052%	$225.7M	$48.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.51	+0.078%	$45.3M	$103.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.44	+0.018%	$8.2M	$37.8M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.241%	$4K	$2K	12x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0110%	1h	116.55	+0.114%	$26.3M	$23.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.52	+0.089%	—	$235.7M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.60	+0.155%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.47	+0.040%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	116.50	+0.069%	$51.8M	$67.2M	125x
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.50	+0.069%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.53	+0.095%	$132K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.58	+0.142%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0576%	1h	116.59	+0.146%	$25K	$52K	20x	as long as short