Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.036%

Price spread now: Bluefin against GRVT+0.147%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.609%−$61 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.147% dearer against GRVT than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SOL_USDT_Perp	117.27	0.0100	pay 0.0100% / 8h	5h 42m	$48.0M	$28.4M	20x
Short	Bluefin SOL-PERP	117.44	0.0100	get 0.0013% / 1h	42m 42s	$25K	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin 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 BluefinbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → 0.000%: $14.71
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$1.29
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 1 min ago; Bluefin: 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 GRVT live order book, 1 min ago	0.43 bp	5.8 bp −$6	6.1 bp −$61	10.2 bp −$1,024	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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	117.36	+0.085%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.35	+0.074%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.49	+0.190%	$31.5M	$98.1M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.40	+0.114%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.44	+0.149%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.46	+0.166%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.43	+0.138%	$1.4M	$19.5M	3.1x	as long as short
HTX SOL-USDT	+0.0050%	8h	117.43	+0.137%	$228.1M	$45.6M	75x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.54	+0.234%	$100K	$163K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.49	+0.189%	$8.0M	$403.0M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0072%	1h	117.34	+0.060%	$100K	$691K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.46	+0.168%	—	$10.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.48	+0.180%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.49	+0.189%	$13.1M	$59.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.48	+0.183%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.48	+0.180%	$344K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.49	+0.191%	$67K	$835K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.51	+0.207%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.42	+0.136%	$5.8M	$39.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.48	+0.184%	$176.3M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.52	+0.218%	$14.5M	$127.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.48	+0.186%	$967.0M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.52	+0.217%	$820.8M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.50	+0.200%	$365.7M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.38	+0.098%	$237K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.52	+0.217%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.157%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.49	+0.191%	$858.2M	$646.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.50	+0.200%	$424.2M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.50	+0.196%	$130.2M	$212.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.53	+0.226%	$486.7M	$433.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.47	+0.174%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.36	+0.084%	$24.3M	$119.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.39	+0.105%	$94.3M	$401.0M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	117.27	long leg	$48.0M	$28.4M	20x
ApeX Omni SOLUSDT	+0.0100%	1h	117.48	+0.183%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.38	+0.098%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.40	+0.115%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.42	+0.133%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERPshort	+0.0100%	1h	117.44	+0.147%	$25K	$27K	25x
SunX SOL-USDT	+0.0100%	8h	117.42	+0.131%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.48	+0.183%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.44	+0.149%	$45.7M	$100.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.48	+0.184%	$8.2M	$36.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0112%	1h	117.54	+0.233%	$26.4M	$25.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.35	+0.068%	—	$220.8M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.56	+0.251%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.60	+0.289%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0166%	1h	117.58	+0.268%	$718.1M	$393.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.40	+0.116%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.098%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.48	+0.183%	$51.9M	$71.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.43	+0.142%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0381%	1h	117.46	+0.162%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.46	+0.166%	$127K	$3.8M	8.3x	as long as short