Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.035%

Price spread now: BloFin against Extended+0.063%94s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.187% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 3 days (all we have)−0.116%−$12 · spread now +0.063%, 7d avg +0.034%

Together, before fees+0.065%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.029% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.034%. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOL-USD	118.73	0.0104	pay 0.0013% / 1h	41m 39s	$8.7M	$35.2M	50x
Short	BloFin SOL-USDT	118.80	0.0220	get 0.0220% / 8h	7h 41m	$52.0M	$78.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.063%Rate

Funding earned: $24.36
Price spread: +0.063% → +0.034%: $2.87
Slippage, 4 orders: −$1.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $8.55
Costs to cover: 0.187%
Break-even: 4.5 days

Slippage from Extended: live order book, 2 min ago; BloFin: live order book, 2 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 Extended live order book, 2 min ago	0.42 bp	2.9 bp −$3	3.6 bp −$36	6.7 bp −$674	doesn't fit
Sell BloFin live order book, 2 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	7.7 bp −$774	12.4 bp −$6,207

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
Hotstuff SOL-PERP	−0.0080%	1h	118.78	+0.042%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.77	+0.036%	—	$610K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.76	+0.027%	$2.0M	$2.8M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.84	+0.094%	$32.4M	$96.9M	100x	as long as short
dYdX SOL-USD	−0.0009%	1h	118.81	+0.070%	$4.9M	$26.5M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.85	+0.103%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.84	+0.094%	$1.2M	$20.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.86	+0.118%	$154K	$3.9M	8.3x	as long as short
HTX SOL-USDT	+0.0004%	8h	118.72	−0.001%	$231.1M	$44.8M	75x	as long as short
Phemex SOLUSDT	+0.0009%	8h	118.82	+0.080%	$46.5M	$100.8M	50x	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	+0.0048%	1h	118.79	+0.054%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.84	+0.097%	$121K	$632K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0079%	8h	118.86	+0.109%	$1.0M	$5.9M	100x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	118.62	−0.089%	$1.5M	$6.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.77	+0.037%	—	$368.0M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.84	+0.097%	$8.1M	$413.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.76	+0.029%	$14.0M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.75	+0.020%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.84	+0.099%	$348K	$271K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.76	+0.025%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.77	+0.038%	$47K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.76	+0.030%	$5.9M	$41.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.78	+0.046%	$178.5M	$176.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.81	+0.071%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.78	+0.046%	$978.4M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.81	+0.071%	$822.5M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.82	+0.080%	$370.4M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	+0.046%	$233K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.81	+0.075%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.147%	$133.5M	$4.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.74	+0.012%	$858.0M	$662.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.76	+0.029%	$426.8M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.77	+0.034%	$137.8M	$207.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.77	+0.033%	$492.9M	$443.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.85	+0.105%	$24.2M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.61	−0.100%	$26.9M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.73	+0.005%	$95.4M	$403.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.86	+0.110%	$48.7M	$30.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.83	+0.088%	$1.4M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.83	+0.088%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	+0.087%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	+0.086%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.80	+0.064%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.81	+0.071%	$6.2M	$10.8M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	118.88	+0.128%	$26.6M	$24.8M	50x	as long as short
Hyperliquid SOL	+0.0102%	1h	118.88	+0.130%	$720.1M	$404.7M	20x	as long as short
Extended SOL-USDlong	+0.0104%	1h	118.73	long leg	$8.7M	$35.2M	50x
Phoenix SOL	+0.0114%	1h	118.68	−0.038%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.86	+0.110%	—	$221.9M	500x	as long as short
Aftermath Perps SOLUSD	+0.0153%	1h	118.72	−0.003%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.79	+0.056%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0084%	1h	118.84	+0.097%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.055%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.81	+0.074%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	118.80	+0.063%	$52.0M	$78.7M	125x