Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:40 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: Perpl against Ondo Perps+0.065%7-day average −0.028% · you sell dearer than you buy

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

Long on Ondo Perps Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.320%−$32 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.065%, 7d avg −0.028%

Together, before fees−0.332%+ Points / potential airdropOndo Perps: Active · Perpl: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.093% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.028%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SOL-USD.P	116.43	0.0100	pay 0.0013% / 1h	59m 06s	$216K	$824K	10x
Short	Perpl SOL	116.51	0	get 0.0000% / 43m	5m 06s	$106K	$3.5M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$21
Price spread: +0.065% → −0.028%: $9.28
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$30.52
Costs to cover: 0.188%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Perpl: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

Ondo Perps and Perpl: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	−0.0216%	1h	116.52	+0.078%	$97K	$679K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.55	+0.101%	$32.3M	$106.1M	100x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.47	+0.034%	$737.2M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.51	+0.068%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.51	+0.067%	$1.9M	$3.0M	13x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.62	+0.163%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0045%	1h	116.49	+0.050%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.54	+0.094%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.52	+0.073%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	116.51	+0.065%	$106K	$3.5M	8.3x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0017%	1h	116.51	+0.066%	$4.3M	$23.6M	20x	as long as short
SoDEX SOL-USD	+0.0024%	1h	116.51	+0.069%	$6.1M	$11.0M	20x	as long as short
Bitget SOLUSDT	+0.0034%	8h	116.48	+0.045%	$480.3M	$458.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.54	+0.091%	$8.0M	$402.0M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.54	+0.094%	$99K	$177K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0063%	1h	116.59	+0.135%	$26.4M	$21.8M	50x	as long as short
Lighter RH SOL	+0.0064%	1h	116.50	+0.058%	$2.2M	$16.6M	25x	as long as short
Aster SOLUSDT	+0.0071%	8h	116.49	+0.052%	$176.5M	$169.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0081%	8h	116.51	+0.068%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.53	+0.088%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.52	+0.074%	$13.2M	$60.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.52	+0.075%	$353K	$254K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.49	+0.052%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.49	+0.054%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.61	+0.157%	$701.0M	$408.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	+0.094%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.49	+0.052%	$965.0M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.49	+0.052%	$367.3M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.Plong	+0.0100%	1h	116.43	long leg	$216K	$824K	10x
Arcus SOL-USD	+0.0100%	1h	116.52	+0.078%	$898K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	+0.019%	$125.5M	$24.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.51	+0.069%	$851.9M	$655.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.51	+0.069%	$369.8M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.51	+0.068%	$132.9M	$233.1M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.45	+0.018%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.51	+0.069%	$23.0M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.44	+0.013%	$24.9M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.48	+0.041%	$93.5M	$409.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	+0.046%	$47.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.53	+0.086%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.60	+0.146%	$1.3M	$11.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.51	+0.069%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	+0.080%	$241K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.51	+0.072%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.50	+0.064%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.50	+0.059%	$225.6M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.51	+0.069%	$45.3M	$104.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.47	+0.032%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.49	+0.055%	—	$233.7M	500x	as long as short
Phoenix SOL	+0.0178%	1h	116.59	+0.137%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.49	+0.052%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	+0.052%	$52.1M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.53	+0.090%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.59	+0.142%	$2.1M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0487%	1h	116.60	+0.144%	$25K	$57K	20x	as long as short