Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h −0.019%

Price spread now: BloFin against Hibachi+0.134%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Hibachi Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$26 on $10k

Price spread, last 4 days (all we have)−0.731%−$73 · spread now +0.134%, 7d avg −0.023%

Together, before fees−0.476%+ Points / potential airdropHibachi: Active · farm board−$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.157% dearer against Hibachi than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	117.32	0.0064	pay 0.0008% / 1h	34m 43s	$102K	$693K	20x
Short	BloFin SOL-USDT	117.48	0.0220	get 0.0220% / 8h	5h 34m	$51.8M	$71.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Hibachi. 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 HibachibpFee BloFinbpOrdersPrice spread, now +0.134%Rate

Funding earned: $32.76
Price spread: +0.134% → −0.023%: $15.69
Slippage, 4 orders: −$2.72
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: $24.73
Costs to cover: 0.237%
Break-even: 1.7 days

Slippage from Hibachi: live order book, 29 min ago; BloFin: live order book, 9 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 Hibachi live order book, 29 min ago	0.04 bp	4.5 bp −$5	16.8 bp −$168	doesn't fit	doesn't fit
Sell BloFin live order book, 9 min ago	0.43 bp	6.4 bp −$6	6.9 bp −$69	8.5 bp −$849	13.9 bp −$6,926

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	117.42	+0.079%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.39	+0.053%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.48	+0.135%	$31.6M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.42	+0.082%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.49	+0.140%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.38	+0.046%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.46	+0.114%	$1.4M	$19.4M	3.1x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.43	+0.091%	$100K	$163K	20x	as long as short
Hibachi SOL/USDT-Plong	+0.0064%	1h	117.32	long leg	$102K	$693K	20x
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.51	+0.158%	$8.0M	$403.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0065%	1h	117.52	+0.167%	$26.4M	$24.9M	50x	as long as short
HTX SOL-USDT	+0.0076%	8h	117.42	+0.083%	$228.1M	$45.5M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.35	+0.020%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.50	+0.150%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.36	+0.035%	$13.1M	$59.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.34	+0.013%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.48	+0.133%	$344K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.37	+0.040%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.39	+0.060%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.37	+0.044%	$5.8M	$39.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.46	+0.116%	$176.2M	$178.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.39	+0.054%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.35	+0.025%	$965.3M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.39	+0.059%	$823.9M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.40	+0.065%	$365.6M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.33	+0.006%	$237K	$851K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.40	+0.065%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.44	+0.101%	$135.1M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.38	+0.048%	$857.4M	$648.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.38	+0.048%	$426.3M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.36	+0.031%	$129.7M	$212.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.36	+0.034%	$486.4M	$432.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.45	+0.108%	$23.6M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.44	+0.101%	$24.3M	$116.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.14	−0.155%	$94.1M	$399.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.35	+0.019%	$48.1M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.23	−0.077%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.38	+0.048%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.47	+0.125%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.48	+0.130%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.44	+0.104%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.37	+0.040%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.48	+0.134%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.48	+0.134%	$45.7M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.35	+0.026%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.46	+0.115%	—	$218.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.52	+0.168%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.48	+0.137%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0165%	1h	117.47	+0.125%	$717.7M	$392.2M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.46	+0.116%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.048%	$4K	$2K	12x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	117.48	+0.134%	$51.8M	$71.3M	125x
Perpl SOL	+0.0223%	43m	117.48	+0.132%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.48	+0.132%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0389%	1h	117.40	+0.063%	$25K	$51K	20x	as long as short