Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.018%

Price spread now: Aevo against GRVT+0.035%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$580.580% of the position

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.461%−$46 · spread now +0.035%, 7d avg −0.015%

Together, before fees−0.482%+ Points / potential airdropGRVT: Active · farm board−$48 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: Aevo is 0.050% dearer against GRVT than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SOL_USDT_Perp	118.70	0.0100	pay 0.0100% / 8h	3h 08m	$48.5M	$33.4M	20x
Short	Aevo SOL-PERP	118.74	0.0096	get 0.0012% / 1h	8m 42s	$353K	$749K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now +0.035%Rate

Funding earned: −$0.84
Price spread: +0.035% → −0.015%: $4.95
Slippage, 4 orders: −$33.04
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$53.93
Costs to cover: 0.580%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Aevo: live order book, 20 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 GRVT live order book, 5 min ago	0.42 bp	4.9 bp −$5	5.2 bp −$52	9.8 bp −$976	doesn't fit
Sell Aevo live order book, 20 min ago	9.60 bp	19.7 bp −$20	27.2 bp −$272	45.9 bp −$4,594	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
Vest SOL-PERP	−0.0088%	1h	118.68	−0.017%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.67	−0.029%	$841	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0072%	1h	118.66	−0.038%	$24K	$48K	20x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.67	−0.021%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0011%	1h	118.82	+0.103%	$4.8M	$26.7M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.77	+0.055%	$49K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.76	+0.047%	$1.2M	$21.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.75	+0.039%	$194K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0030%	1h	118.81	+0.089%	$26.6M	$27.9M	50x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	118.77	+0.059%	$104K	$154K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0053%	8h	118.68	−0.019%	$231.3M	$43.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0055%	8h	118.77	+0.057%	$1.1M	$5.8M	100x	as long as short
Gate SOL_USDT	+0.0077%	8h	118.80	+0.084%	$855.4M	$683.0M	100x	as long as short
KuCoin SOLUSDTM	+0.0077%	8h	118.83	+0.113%	$146.5M	$193.6M	75x	as long as short
ApeX Omni SOLUSDT	+0.0080%	1h	118.63	−0.056%	$1.5M	$6.3M	50x	as long as short
Bitget SOLUSDT	+0.0093%	8h	118.79	+0.078%	$496.4M	$450.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.80	+0.088%	$13.5M	$52.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.83	+0.110%	$2.0M	$17.1M	25x	as long as short
Aevo SOL-PERPshort	+0.0096%	1h	118.74	+0.035%	$353K	$749K	20x
Paradex SOL-USD-PERP	+0.0098%	8h	118.87	+0.146%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.71	+0.008%	$47K	$782K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	+0.013%	$5.6M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.91	+0.177%	$716.9M	$440.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.81	+0.093%	$179.7M	$174.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.86	+0.131%	$12.4M	$112.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.83	+0.110%	$976.3M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.91	+0.177%	$821.1M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.87	+0.143%	$366.0M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.68	−0.017%	$232K	$865K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.76	+0.052%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.126%	$132.6M	$13.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.83	+0.110%	$478.5M	$1.07B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.80	+0.087%	—	$369.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.80	+0.084%	$24.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.65	−0.043%	$27.5M	$125.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.63	−0.063%	$95.3M	$393.9M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	118.70	long leg	$48.5M	$33.4M	20x
StandX SOL-USD	+0.0100%	1h	118.68	−0.017%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.76	+0.051%	$363K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.74	+0.031%	$200K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.74	+0.037%	$37K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.72	+0.019%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.72	+0.017%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.75	+0.042%	$46.3M	$99.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.87	+0.144%	$8.7M	$37.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	118.81	+0.090%	$8.0M	$412.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.72	+0.017%	—	$217.2M	500x	as long as short
Hibachi SOL/USDT-P	+0.0128%	1h	118.67	−0.028%	$125K	$602K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0131%	1h	118.78	+0.064%	$36.1M	$90.5M	100x	as long as short
Phoenix SOL	+0.0149%	1h	118.86	+0.135%	$7.3M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	118.74	+0.035%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	118.75	+0.041%	$1.1M	$556K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.72	+0.017%	$51.7M	$90.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0239% / S −0.0181%	1h	118.77	+0.055%	$3.6M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	118.68	−0.017%	$4K	$2K	12x	as long as short