Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: OKX against Ondo Perps−0.051%48s7-day average −0.009% · you buy dearer than you sell

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 7 days+0.316%+$32 · spread now −0.051%, 7d avg −0.009%

Together, before fees+0.229%+ Points / potential airdropOndo Perps: Active · farm board+$23 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: OKX is 0.042% cheaper against Ondo Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 48 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	Ondo Perps SOL-USD.P	117.88	0.0100	pay 0.0013% / 1h	28m 51s	$238K	$893K	10x
Short	OKX SOL-USDT-SWAP	117.82	0.0100	get 0.0100% / 8h	6h 28m	$366.0M	$1.68B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee OKXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.009%: −$4.19
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.19
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 5 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	0.43 bp	6.2 bp −$6	6.8 bp −$68	10.9 bp −$1,088	23.0 bp −$11.5K

Ondo Perps: 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 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	117.76	−0.099%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0070%	1h	117.81	−0.060%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.70	−0.157%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0048%	1h	117.85	−0.028%	$92K	$691K	20x	as long as short
ApeX Omni SOLUSDT	−0.0019%	1h	117.75	−0.110%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.78	−0.085%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.93	+0.042%	$4.5M	$24.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.86	−0.018%	$1.4M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.92	+0.035%	$129K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0017%	1h	117.77	−0.097%	$26.4M	$25.5M	50x	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	117.87	−0.011%	$2.0M	$4.6M	20x	as long as short
HTX SOL-USDT	+0.0023%	8h	117.67	−0.176%	$228.7M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0034%	8h	117.80	−0.068%	$853.7M	$660.7M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.67	−0.180%	$31.5M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.73	−0.129%	$8.0M	$409.9M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.82	−0.050%	—	$370.1M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	117.76	−0.098%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.72	−0.135%	$13.0M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.69	−0.159%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.92	+0.034%	$103K	$160K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.73	−0.131%	$345K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.94	+0.049%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.84	−0.034%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.90	+0.017%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.81	−0.059%	$177.0M	$180.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	+0.053%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.83	−0.042%	$972.2M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.86	−0.017%	$821.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	117.82	−0.051%	$366.0M	$1.68B	100x
Ondo Perps SOL-USD.Plong	+0.0100%	1h	117.88	long leg	$238K	$893K	10x
Arcus SOL-USD	+0.0100%	1h	117.90	+0.017%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.277%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.80	−0.068%	$423.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.80	−0.069%	$131.4M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.78	−0.084%	$487.6M	$441.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.74	−0.119%	$23.7M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	−0.138%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.73	−0.130%	$94.6M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	−0.230%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.84	−0.034%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.87	−0.008%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.80	−0.068%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.78	−0.087%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.92	+0.031%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.72	−0.136%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.74	−0.119%	$45.8M	$101.5M	50x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.86	−0.013%	$719.8M	$402.1M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	+0.085%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.76	−0.099%	$8.2M	$35.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.90	+0.021%	—	$227.1M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.79	−0.078%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.271%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	117.80	−0.071%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0318%	1h	117.79	−0.080%	$25K	$51K	20x	as long as short