Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.009%

Price spread now: Orderly against Extended−0.077%7-day average +0.043% · you buy dearer than you sell

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

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.077%, 7d avg +0.043%

Together, before fees−0.002%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.120% cheaper against Extended than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOL-USD	118.74	0.0104	pay 0.0013% / 1h	43m 36s	$8.7M	$35.2M	50x
Short	Orderly PERP_SOL_USDC	118.64	0.0079	get 0.0079% / 8h	7h 43m	$1.0M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.077%Rate

Funding earned: −$5.2
Price spread: −0.077% → +0.043%: −$11.97
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$28.17
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: 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 Extended live order book, 5 min ago	0.42 bp	2.9 bp −$3	3.2 bp −$32	7.1 bp −$711	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
Hotstuff SOL-PERP	−0.0080%	1h	118.79	+0.047%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.72	−0.013%	—	$610K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.55	−0.154%	$2.0M	$2.8M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.63	−0.085%	$32.4M	$96.6M	100x	as long as short
dYdX SOL-USD	−0.0010%	1h	118.81	+0.063%	$4.9M	$26.5M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.65	−0.074%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.68	−0.042%	$1.2M	$20.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.68	−0.047%	$154K	$3.9M	8.3x	as long as short
HTX SOL-USDT	+0.0042%	8h	118.56	−0.146%	$230.7M	$44.8M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0049%	1h	118.68	−0.050%	$26.6M	$25.1M	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	+0.0056%	1h	118.83	+0.080%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.61	−0.107%	$121K	$633K	20x	as long as short
Orderly PERP_SOL_USDCshort	+0.0079%	8h	118.64	−0.077%	$1.0M	$5.9M	100x
ApeX Omni SOLUSDT	+0.0079%	1h	118.62	−0.097%	$1.5M	$6.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.78	+0.040%	—	$367.7M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.67	−0.054%	$8.1M	$412.8M	50x	as long as short
Gate SOL_USDT	+0.0094%	8h	118.79	+0.046%	$858.9M	$661.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.79	+0.044%	$14.0M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.78	+0.038%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.64	−0.080%	$348K	$258K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.78	+0.040%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.78	+0.038%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.81	+0.059%	$5.8M	$41.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.81	+0.063%	$178.5M	$176.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.82	+0.073%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.82	+0.072%	$979.2M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.82	+0.072%	$822.5M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.82	+0.072%	$370.5M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.61	−0.105%	$232K	$860K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.83	+0.081%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.155%	$133.5M	$4.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.78	+0.038%	$426.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.80	+0.058%	$137.9M	$207.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.77	+0.029%	$492.9M	$446.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.64	−0.080%	$24.1M	$37.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.61	−0.108%	$26.9M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.57	−0.140%	$95.2M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.67	−0.051%	$48.6M	$30.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.67	−0.055%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.62	−0.097%	$359K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.61	−0.103%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.63	−0.087%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.66	−0.064%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.62	−0.097%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.65	−0.072%	$46.5M	$101.4M	50x	as long as short
Hyperliquid SOL	+0.0103%	1h	118.89	+0.130%	$720.0M	$404.3M	20x	as long as short
Extended SOL-USDlong	+0.0104%	1h	118.74	long leg	$8.7M	$35.2M	50x
Phoenix SOL	+0.0114%	1h	118.68	−0.046%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.67	−0.052%	—	$222.5M	500x	as long as short
Aftermath Perps SOLUSD	+0.0150%	1h	118.65	−0.071%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.82	+0.067%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0065%	1h	118.63	−0.091%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.063%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.58	−0.128%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.55	−0.156%	$51.9M	$78.9M	125x	as long as short