Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: Pacifica against GRVT−0.215%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days+0.201%+$20 · spread now −0.215%, 7d avg −0.015%

Together, before fees+0.185%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board+$18 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: Pacifica is 0.200% cheaper against GRVT than usual: you would sell low and buy high, −$20 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	118.37	0.0100	pay 0.0100% / 8h	6h 56m	$48.5M	$29.5M	20x
Short	Pacifica SOL	118.11	0.0100	get 0.0013% / 1h	56m 52s	$12.9M	$128.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.215%Rate

Funding earned: $0
Price spread: −0.215% → −0.015%: −$20.03
Slippage, 4 orders: −$3.89
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$40.92
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Pacifica: 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 GRVT live order book, 2 min ago	0.42 bp	4.9 bp −$5	4.9 bp −$49	10.5 bp −$1,053	doesn't fit
Sell Pacifica live order book, 2 min ago	0.42 bp	4.7 bp −$5	6.5 bp −$65	doesn't fit	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
Hotstuff SOL-PERP	−0.0080%	1h	118.20	−0.136%	$924	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	118.37	0.000%	$99K	$689K	20x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.00	−0.313%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0068%	8h	117.84	−0.443%	$229.3M	$44.6M	75x	as long as short
Derive SOL-PERP	−0.0062%	1h	117.87	−0.414%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.98	−0.325%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.06	−0.258%	$4.7M	$25.7M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.12	−0.204%	$1.6M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.14	−0.194%	$126K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.00	−0.310%	$26.4M	$25.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0015%	8h	117.83	−0.452%	$845.8M	$645.5M	100x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.08	−0.241%	$1.8M	$4.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0031%	1h	118.35	−0.009%	$1.5M	$6.1M	50x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	118.14	−0.190%	$103K	$162K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.92	−0.380%	$31.7M	$98.2M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.97	−0.335%	$7.9M	$409.3M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.78	−0.492%	—	$369.4M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.96	−0.345%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0088%	1h	117.77	−0.504%	$13.2M	$56.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.92	−0.380%	$2.2M	$16.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.95	−0.353%	$346K	$262K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.06	−0.256%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.03	−0.283%	$43K	$810K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.01	−0.296%	$5.8M	$41.2M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.82	−0.460%	$177.8M	$180.0M	100x	as long as short
Pacifica SOLshort	+0.0100%	1h	118.11	−0.215%	$12.9M	$128.1M	20x
Binance SOLUSDT	+0.0100%	8h	117.77	−0.501%	$968.7M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.74	−0.527%	$818.9M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.70	−0.562%	$366.6M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.14	−0.190%	$232K	$881K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.10	−0.221%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	−0.182%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.81	−0.469%	$422.8M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.88	−0.412%	$136.3M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.76	−0.512%	$489.3M	$444.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.79	−0.486%	$23.8M	$36.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.15	−0.178%	$24.7M	$129.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.25	−0.094%	$95.0M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	118.37	long leg	$48.5M	$29.5M	20x
StandX SOL-USD	+0.0100%	1h	118.21	−0.131%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.03	−0.283%	$352K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.97	−0.334%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.93	−0.368%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.94	−0.356%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.92	−0.376%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.94	−0.359%	$46.0M	$100.3M	50x	as long as short
Hyperliquid SOL	+0.0102%	1h	117.83	−0.452%	$718.5M	$400.3M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.81	−0.471%	$8.4M	$35.6M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.33	−0.030%	$6.5M	$13.3M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.22	−0.126%	—	$227.3M	500x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.96	−0.342%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.85	−0.435%	$51.9M	$73.9M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+0.959%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.96	−0.339%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0282%	1h	118.49	+0.102%	$25K	$51K	20x	as long as short