Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.020%

Price spread now: 01 Exchange against GRVT+0.076%56s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.280% of the position

Long on GRVT Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.518%−$52 · spread now +0.076%, 7d avg −0.004%

Together, before fees−0.475%+ Points / potential airdropGRVT: Active · farm board−$47 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: 01 Exchange is 0.081% dearer against GRVT than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 56 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	117.77	0.0100	pay 0.0100% / 8h	6h 32m	$48.2M	$29.7M	20x
Short	01 Exchange SOLUSD	117.86	0.0096	get 0.0012% / 1h	32m 09s	$103K	$164K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.076%Rate

Funding earned: −$0.84
Price spread: +0.076% → −0.004%: $8.08
Slippage, 4 orders: −$12.01
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$20.77
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; 01 Exchange: live order book, 37 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	0.43 bp	4.9 bp −$5	5.3 bp −$53	10.4 bp −$1,043	doesn't fit
Sell 01 Exchange live order book, 37 min ago	1.26 bp	10.3 bp −$10	16.4 bp −$164	doesn't fit	doesn't fit

SOL on 54 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	117.63	−0.116%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0072%	1h	117.75	−0.015%	—	$609K	20x	as long as short
Hibachi SOL/USDT-P	−0.0064%	1h	117.62	−0.126%	$92K	$692K	20x	as long as short
ApeX Omni SOLUSDT	−0.0052%	1h	117.67	−0.088%	$1.5M	$6.1M	50x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.71	−0.047%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.80	+0.025%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.83	+0.052%	$4.5M	$24.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.81	+0.031%	$1.4M	$21.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.83	+0.050%	$129K	$3.9M	8.3x	as long as short
HTX SOL-USDT	+0.0010%	8h	117.74	−0.022%	$228.9M	$45.5M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SOL/USDC	+0.0018%	1h	117.80	+0.030%	$2.0M	$4.6M	20x	as long as short
Gate SOL_USDT	+0.0026%	8h	117.79	+0.017%	$854.5M	$659.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0040%	1h	117.82	+0.040%	$26.4M	$25.5M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.73	−0.033%	$31.5M	$98.7M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.78	+0.013%	$8.0M	$410.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.73	−0.032%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0086%	8h	117.81	+0.034%	$1.1M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.73	−0.033%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.72	−0.038%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSDshort	+0.0096%	1h	117.86	+0.076%	$103K	$164K	20x
Aevo SOL-PERP	+0.0096%	1h	117.80	+0.028%	$345K	$259K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.80	+0.027%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.76	−0.008%	$63K	$856K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.83	+0.051%	$5.7M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.82	+0.042%	$719.6M	$402.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.82	+0.043%	$177.0M	$180.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.82	+0.042%	$14.4M	$131.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.75	−0.020%	$971.5M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.74	−0.025%	$821.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.73	−0.034%	$365.9M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.57	−0.170%	$238K	$891K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.83	+0.052%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.184%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.73	−0.034%	$427.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.80	+0.027%	$131.8M	$210.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.70	−0.056%	$487.2M	$442.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.75	−0.017%	$23.7M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.66	−0.096%	$24.4M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.62	−0.124%	$94.5M	$405.5M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	117.77	long leg	$48.2M	$29.7M	20x
StandX SOL-USD	+0.0100%	1h	117.60	−0.144%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.84	+0.059%	$359K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.81	+0.034%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.81	+0.031%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.78	+0.006%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.77	0.000%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.74	−0.025%	$45.8M	$101.9M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.33	−0.374%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.77	−0.004%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.73	−0.034%	—	$227.6M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.82	+0.045%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.365%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	117.81	+0.031%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0314%	1h	117.72	−0.043%	$25K	$51K	20x	as long as short