Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: GRVT against Extended0.000%52s7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as 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−$160.164% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.040%+$4 · spread now 0.000%, 7d avg +0.077%

Together, before fees+0.004%+ Points / potential airdropExtended: Active · GRVT: Active · farm board$0 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 0.077% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.077%. The two prices were read 52 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	116.66	0.0104	pay 0.0013% / 1h	4m 35s	$8.2M	$37.2M	50x
Short	GRVT SOL_USDT_Perp	116.66	0.0100	get 0.0100% / 8h	4h 04m	$47.7M	$30.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$0.84
Price spread: 0.000% → +0.077%: −$7.72
Slippage, 4 orders: −$2.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$24.99
Costs to cover: 0.164%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; GRVT: live order book, 5 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, 5 min ago	0.43 bp	2.9 bp −$3	2.9 bp −$29	5.8 bp −$582	doesn't fit
Sell GRVT live order book, 5 min ago	0.43 bp	5.6 bp −$6	6.1 bp −$61	9.6 bp −$957	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
Hibachi SOL/USDT-P	−0.0160%	1h	116.68	+0.017%	$103K	$698K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.62	−0.031%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.67	+0.013%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.68	+0.016%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.69	+0.027%	$1.5M	$18.6M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.69	+0.025%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.61	−0.046%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.75	+0.078%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.67	+0.009%	$7.4M	$403.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.68	+0.016%	$31.0M	$100.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0092%	8h	116.68	+0.018%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.68	+0.018%	$13.0M	$60.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.66	−0.001%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.67	+0.010%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.67	+0.009%	$50K	$871K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.64	−0.017%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.66	+0.001%	$5.4M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.77	+0.095%	$705.0M	$394.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.67	+0.009%	$174.6M	$182.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.71	+0.043%	$15.7M	$129.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.71	+0.043%	$970.8M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.67	+0.009%	$781.6M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.71	+0.043%	$368.8M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.61	−0.042%	$231K	$833K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.72	+0.054%	$927K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.032%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.66	0.000%	$841.1M	$666.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.70	+0.035%	$375.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.66	+0.001%	$129.0M	$220.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.69	+0.022%	$479.5M	$440.9M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.63	−0.023%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.66	0.000%	$23.2M	$38.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.60	−0.047%	$24.5M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.65	−0.009%	$93.6M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perpshort	+0.0100%	8h	116.66	0.000%	$47.7M	$30.0M	20x
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	+0.039%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.64	−0.017%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.66	0.000%	$320K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.67	+0.007%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	+0.002%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.68	+0.016%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.67	+0.009%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.63	−0.022%	$226.3M	$47.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.68	+0.018%	$45.7M	$102.0M	50x	as long as short
Extended SOL-USDlong	+0.0104%	1h	116.66	long leg	$8.2M	$37.2M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.69	+0.026%	—	$231.3M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0137%	1h	116.73	+0.058%	$26.3M	$23.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.72	+0.052%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.71	+0.043%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.64	−0.016%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.67	+0.009%	$51.9M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.68	+0.015%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.68	+0.018%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0526%	1h	116.75	+0.080%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.79	+0.111%	$1.9M	$4.8M	20x	as long as short