Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0198%/8h= −21.6% APRpaid last 24h −0.041%

Price spread now: Vest against GRVT+0.005%63s7-day average −0.015% · you sell dearer than you buy

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

Long on GRVT Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.100%−$10 on $10k

Price spread, last 7 days−0.015%−$1 · spread now +0.005%, 7d avg −0.015%

Together, before fees−0.114%+ Points / potential airdropGRVT: Active · Vest: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 63 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	116.66	0.0100	pay 0.0100% / 8h	4h 03m	$47.7M	$30.0M	20x
Short	Vest SOL-PERP	116.66	−0.0098	pay 0.0012% / 1h	3m 59s	—	$601K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$41.5
Price spread: +0.005% → −0.015%: $1.96
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$50.54
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 5 min ago; Vest: 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, 5 min ago	0.43 bp	4.9 bp −$5	5.1 bp −$51	10.3 bp −$1,028	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Hibachi SOL/USDT-P	−0.0168%	1h	116.69	+0.024%	$103K	$698K	20x	as long as short
Vest SOL-PERPshort	−0.0098%	1h	116.66	+0.005%	—	$601K	20x
Hotstuff SOL-PERP	−0.0080%	1h	116.67	+0.013%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.76	+0.084%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.69	+0.029%	$1.5M	$18.6M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.69	+0.025%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.70	+0.034%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.75	+0.077%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.84	+0.158%	$7.4M	$404.4M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.80	+0.125%	$31.0M	$100.0M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0092%	8h	116.77	+0.098%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.81	+0.132%	$13.1M	$60.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.80	+0.117%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.76	+0.085%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.67	+0.009%	$50K	$871K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.64	−0.017%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.65	−0.005%	$5.4M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.90	+0.206%	$705.8M	$394.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.79	+0.109%	$174.8M	$182.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.71	+0.043%	$15.7M	$129.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.80	+0.123%	$971.6M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.75	+0.077%	$782.0M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.79	+0.112%	$369.3M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.61	−0.043%	$231K	$833K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.72	+0.054%	$927K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.032%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.79	+0.112%	$841.9M	$666.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.81	+0.129%	$374.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.78	+0.106%	$129.2M	$220.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.76	+0.089%	$479.7M	$441.0M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.76	+0.089%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.80	+0.120%	$23.2M	$38.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.60	−0.047%	$24.5M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.65	−0.009%	$93.6M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	116.66	long leg	$47.7M	$30.0M	20x
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	+0.039%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.64	−0.017%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.73	+0.060%	$320K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.75	+0.076%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.74	+0.065%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.70	+0.033%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.77	+0.095%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.74	+0.072%	$226.2M	$47.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.82	+0.137%	$45.7M	$102.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.74	+0.071%	$8.2M	$37.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.68	+0.014%	—	$231.2M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.72	+0.052%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.71	+0.043%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0158%	1h	116.82	+0.137%	$26.4M	$23.7M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.71	+0.047%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.67	+0.009%	$51.9M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.76	+0.085%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.73	+0.064%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0526%	1h	116.75	+0.080%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.79	+0.111%	$1.9M	$4.8M	20x	as long as short