Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:20 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.024%

Price spread now: Perpl against GRVT−0.208%66s7-day average −0.047% · you buy dearer than you sell

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

Long on GRVT Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.275%−$27 on $10k

Price spread, last 7 days+0.218%+$22 · spread now −0.208%, 7d avg −0.047%

Together, before fees−0.056%+ Points / potential airdropGRVT: Active · Perpl: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.161% cheaper against GRVT than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 66 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	GRVT SOL_USDT_Perp	119.72	0.0100	pay 0.0100% / 8h	2h 16m	$49.0M	$33.3M	20x
Short	Perpl SOL	119.47	0	get 0.0000% / 43m	3m 28s	$179K	$4.0M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.208%Rate

Funding earned: −$21
Price spread: −0.208% → −0.047%: −$16.08
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$59.88
Costs to cover: 0.228%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 min ago; Perpl: 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, 3 min ago	0.42 bp	4.9 bp −$5	5.3 bp −$53	10.8 bp −$1,075	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.478%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.49	−0.192%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0073%	1h	119.45	−0.228%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.53	−0.162%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0004%	1h	119.57	−0.125%	$5.0M	$27.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.63	−0.077%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.72	0.000%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	119.47	−0.208%	$179K	$4.0M	8.3x
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.65	−0.062%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0025%	1h	119.65	−0.061%	$24K	$47K	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	+0.0052%	8h	119.57	−0.128%	$232.9M	$44.6M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.63	−0.081%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.66	−0.049%	$120K	$622K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.52	−0.169%	$105K	$152K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.50	−0.183%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0091%	8h	119.48	−0.202%	$872.4M	$687.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.51	−0.177%	$13.6M	$55.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.51	−0.179%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.60	−0.102%	$355K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.48	−0.205%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.51	−0.177%	$49K	$784K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.52	−0.169%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.55	−0.144%	$721.7M	$414.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.49	−0.195%	$179.9M	$175.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.54	−0.155%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.48	−0.202%	$979.5M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.47	−0.215%	$826.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.44	−0.236%	$372.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.48	−0.202%	$235K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.56	−0.136%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.054%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.50	−0.186%	$435.2M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.51	−0.174%	$141.1M	$197.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.44	−0.239%	$499.1M	$452.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.56	−0.136%	$24.3M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.82	+0.080%	$27.5M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.86	+0.115%	$96.3M	$401.8M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	119.72	long leg	$49.0M	$33.3M	20x
ApeX Omni SOLUSDT	+0.0100%	1h	119.75	+0.019%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.80	+0.065%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.46	−0.219%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.62	−0.089%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.61	−0.092%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.58	−0.123%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.57	−0.127%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.58	−0.119%	$46.7M	$101.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.46	−0.218%	$8.8M	$36.8M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.63	−0.076%	$8.2M	$417.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.62	−0.085%	—	$220.9M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	+0.023%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0092%	1h	119.63	−0.075%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.53	−0.163%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.44	−0.239%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.57	−0.127%	$51.7M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.58	−0.120%	$35.6M	$91.2M	100x	as long as short