Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0251%/8h= −27.5% APRnext payment $0.31 per $10,000 · paid last 24h +0.155%
Price spread now: Injective against Ondo Perps−0.403%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.009%−$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 0.403% cheaper against Ondo Perps than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps SOL-USD.P119.160.0100pay 0.0013% / 1h58m 18s$234K$868K10x
ShortInjective SOL/USDC PERP118.68−0.0151pay 0.0019% / 1h58m 18s$4K$2K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Ondo Perps. 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

Funding earned
−$52.78
Price spread: −0.403% → 0.000%
−$40.28
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$98.08
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Injective no order-book sample
Ondo Perps and Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SOL/USDC PERPshort−0.0151%1h118.68−0.403%$4K$2K12x
Vest SOL-PERP−0.0084%1h118.94−0.185%$731K20xas long as short
Aftermath Perps SOLUSD−0.0083%1h119.05−0.091%$24K$48K20xas long as short
Hotstuff SOL-PERP−0.0080%1h119.05−0.097%$844$8K25xas long as short
Derive SOL-PERP−0.0065%1h118.83−0.280%$2.0M$3.2M13xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h118.94−0.185%$49K150xas long as short
dYdX SOL-USD0.0000%1h119.04−0.100%$4.9M$26.8M20xas long as short
Perpl SOL0.0000%43m119.01−0.127%$191K$4.1M8.3xas long as short
Deribit SOL_USDC-PERPETUAL+0.0017%1h118.95−0.178%$26.7M$27.9M50xas long as short
01 Exchange SOLUSD+0.0048%1h118.98−0.151%$104K$154K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_SOL_USDC+0.0055%8h118.92−0.206%$1.1M$5.9M100xas long as short
HTX SOL-USDT+0.0065%8h118.86−0.250%$231.6M$43.8M75xas long as short
SoDEX SOL-USD+0.0067%1h118.87−0.243%$6.2M$10.8M20xas long as short
ApeX Omni SOLUSDT+0.0076%1h119.13−0.026%$1.5M$6.3M50xas long as short
Gate SOL_USDT+0.0079%8h118.95−0.176%$858.5M$672.3M100xas long as short
KuCoin SOLUSDTM+0.0083%8h118.97−0.160%$144.1M$196.5M75xas long as short
Bullet SOL-USD+0.0087%1h118.90−0.218%$199K$1.8M20xas long as short
Lighter SOL+0.0096%1h118.88−0.237%$13.4M$52.6M25xas long as short
Lighter RH SOL+0.0096%1h118.86−0.252%$2.0M$16.5M25xas long as short
Bitget SOLUSDT+0.0096%8h118.87−0.243%$495.9M$452.2M100xas long as short
Aevo SOL-PERP+0.0096%1h118.87−0.242%$353K$746K20xas long as short
Paradex SOL-USD-PERP+0.0098%8h118.98−0.153%$1.0M$525K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.00−0.134%$47K$786K20xas long as short
Nado SOL-PERP+0.0100%1h119.05−0.092%$5.6M$40.8M40xas long as short
Hyperliquid SOL+0.0100%1h119.05−0.092%$718.7M$443.2M20xas long as short
Aster SOLUSDT+0.0100%8h118.94−0.187%$179.9M$175.9M100xas long as short
Pacifica SOL+0.0100%1h119.06−0.084%$12.4M$113.1M20xas long as short
Binance SOLUSDT+0.0100%8h118.84−0.269%$975.8M$3.76B100xas long as short
Bybit SOLUSDT+0.0100%8h118.93−0.193%$822.1M$1.27B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.88−0.235%$367.9M$1.72B100xas long as short
Ondo Perps SOL-USD.Plong+0.0100%1h119.16long leg$234K$868K10x
Arcus SOL-USD+0.0100%1h119.03−0.109%$2.0M$8.9M20xas long as short
Bulk SOL-USD+0.0100%1h119.09−0.061%$133.4M$13.4M20xas long as short
MEXC SOL_USDT+0.0100%8h118.93−0.193%$470.7M$1.07B300xas long as short
BingX SOL-USDT+0.0100%8h118.91−0.207%$372.4Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.08−0.067%$24.2M$38.3M50xas long as short
Variational Omni SOL+0.0100%8h119.33+0.140%$27.8M$126.3Mas long as short
edgeX SOLUSDC+0.0100%4h119.09−0.063%$95.6M$395.2M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.08−0.071%$48.7M$33.4M20xas long as short
StandX SOL-USD+0.0100%1h119.10−0.050%$1.4M$13.1M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.96−0.168%$361K$2.4M20xas long as short
Bluefin SOL-PERP+0.0100%1h118.92−0.201%$38K$14K25xas long as short
SunX SOL-USDT+0.0100%8h118.86−0.249%$193K$1.9M30xas long as short
Phemex SOLUSDT+0.0100%8h118.85−0.260%$46.4M$100.1M50xas long as short
Extended SOL-USD+0.0104%1h118.87−0.242%$8.7M$37.4M50xas long as short
Kalshi KXSOLPERP+0.0111%8h119.05−0.088%$1.2M$21.0M3.1xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h118.92−0.205%$8.0M$414.9M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.07−0.072%$218.3M500xas long as short
Hibachi SOL/USDT-P+0.0128%1h119.10−0.049%$123K$608K20xas long as short
Phoenix SOL+0.0149%1h119.28+0.101%$7.3M$11.2M25xas long as short
RISEx SOL/USDC+0.0175%1h119.00−0.133%$1.6M$6.4M20xas long as short
Reya SOLRUSDPERP+0.0180%1h118.94−0.188%$1.1M$558K25xas long as short
BloFin SOL-USDT+0.0220%8h119.07−0.076%$51.7M$91.1M125xas long as short
Kraken Futures PF_SOLUSD+0.0224%1h118.89−0.226%$36.1M$90.7M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0237% / S −0.0178%1h118.94−0.188%$3.5M200xas long as short