Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against Nado−0.085%7-day average −0.002% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.121%+$12 on $10k

Price spread, last 4 days (all we have)−0.456%−$46 · spread now −0.085%, 7d avg −0.002%

Together, before fees−0.335%+ Points / potential airdropNado: Active · farm board−$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.083% cheaper against Nado than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.002%). If the spread goes back, that is −$8 on $10k: about 2.3 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SOL-PERP	117.34	0.0100	pay 0.0012% / 1h	41m 10s	$5.8M	$39.5M	40x
Short	BloFin SOL-USDT	117.24	0.0220	get 0.0220% / 8h	5h 41m	$51.8M	$70.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Nado. 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 NadobpFee BloFinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $25.2
Price spread: −0.085% → −0.002%: −$8.33
Slippage, 4 orders: −$1.7
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$3.83
Costs to cover: 0.207%
Break-even: 8.1 days

Slippage from Nado: live order book, 3 min ago; BloFin: live order book, 3 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 Nado live order book, 3 min ago	0.43 bp	3.9 bp −$4	4.4 bp −$44	10.3 bp −$1,027	29.1 bp −$14.5K
Sell BloFin live order book, 3 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	117.33	−0.007%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.27	−0.057%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.24	−0.087%	$31.6M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.19	−0.129%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.28	−0.052%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.32	−0.018%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.33	−0.007%	$1.4M	$19.4M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0034%	1h	117.29	−0.045%	$26.3M	$25.2M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.31	−0.026%	$100K	$163K	20x	as long as short
HTX SOL-USDT	+0.0056%	8h	117.26	−0.068%	$227.8M	$45.6M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.30	−0.031%	$8.0M	$402.6M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.52	+0.156%	$100K	$691K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.29	−0.046%	—	$362.9M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.27	−0.059%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.25	−0.078%	$13.0M	$59.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.26	−0.065%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.23	−0.098%	$343K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.30	−0.034%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.28	−0.050%	$1.0M	$516K	50x	as long as short
Nado SOL-PERPlong	+0.0100%	1h	117.34	long leg	$5.8M	$39.5M	40x
Aster SOLUSDT	+0.0100%	8h	117.30	−0.031%	$176.0M	$177.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.32	−0.016%	$14.5M	$127.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.28	−0.051%	$965.3M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.32	−0.017%	$819.0M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.30	−0.034%	$365.4M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.38	+0.034%	$238K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.32	−0.020%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.094%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.33	−0.009%	$856.9M	$647.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.29	−0.043%	$424.0M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.27	−0.057%	$129.8M	$212.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.31	−0.030%	$486.3M	$433.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.49	+0.128%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.36	+0.021%	$24.3M	$119.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.40	+0.051%	$94.3M	$398.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.46	+0.103%	$48.1M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.39	+0.039%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.52	+0.153%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.29	−0.043%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.28	−0.053%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.25	−0.079%	$25K	$27K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.28	−0.052%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.24	−0.085%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.28	−0.051%	$45.6M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.20	−0.120%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.50	+0.132%	—	$220.8M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.38	+0.034%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.39	+0.039%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0162%	1h	117.41	+0.060%	$717.2M	$393.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.27	−0.059%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.034%	$4K	$2K	12x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	117.24	−0.085%	$51.8M	$70.9M	125x
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.28	−0.049%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0381%	1h	117.41	+0.060%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.33	−0.009%	$127K	$3.8M	8.3x	as long as short