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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.033%
Price spread now: Reya against Ondo Perps−0.131%49s7-day average +0.028% · 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 3 days (all we have)+0.126%+$13 on $10k
Price spread, last 3 days (all we have)+0.546%+$55 · spread now −0.131%, 7d avg +0.028%
Together, before fees+0.671%+ Points / potential airdropOndo Perps: Active · Reya: Active · farm board+$67 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.159% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of +0.028%). If the spread goes back, that is −$16 on $10k: about 6.6 days of funding at the current rate (+$2 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps SOL-USD.P119.740.0100pay 0.0013% / 1h38m 30s$234K$889K10x
ShortReya SOLRUSDPERP119.580.0181get 0.0023% / 1h38m 30s$1.1M$558K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$16.99
Price spread: −0.131% → +0.028%
−$15.95
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Reya: 3 bp × 2 orders
−$6
Net
−$9.96
Costs to cover
0.110%
Break-even
11.1 days
Slippage unknown: Ondo Perps: no order-book sample; Reya: 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 Reya no order-book sample
Ondo Perps and Reya: 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
Bluefin SOL-PERP−0.0358%1h119.58−0.134%$37K$17K25xas long as short
Derive SOL-PERP−0.0095%1h119.49−0.212%$2.0M$3.0M13xas long as short
Hotstuff SOL-PERP−0.0080%1h119.58−0.129%$848$8K25xas long as short
Vest SOL-PERP−0.0062%1h119.63−0.093%$722K20xas long as short
dYdX SOL-USD−0.0002%1h119.62−0.097%$4.9M$27.2M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.61−0.106%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.65−0.073%$1.2M$20.6M3.1xas long as short
Perpl SOL0.0000%43m119.61−0.109%$178K$4.0M8.3xas long as short
Deribit SOL_USDC-PERPETUAL+0.0010%1h119.64−0.085%$26.8M$27.6M50xas long as short
Hibachi SOL/USDT-P+0.0016%1h119.81+0.057%$120K$611K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix SOL+0.0054%1h119.84+0.084%$6.6M$13.6M25xas long as short
Aftermath Perps SOLUSD+0.0065%1h119.56−0.152%$24K$47K20xas long as short
Orderly PERP_SOL_USDC+0.0066%8h119.60−0.117%$1.1M$5.9M100xas long as short
HTX SOL-USDT+0.0077%8h119.56−0.149%$232.9M$44.6M75xas long as short
BingX SOL-USDT+0.0080%8h119.65−0.079%$373.9Mas long as short
Gate SOL_USDT+0.0086%8h119.58−0.134%$872.1M$680.1M100xas long as short
Lighter SOL+0.0096%1h119.61−0.110%$13.6M$55.5M25xas long as short
Lighter RH SOL+0.0096%1h119.56−0.149%$2.1M$16.7M25xas long as short
01 Exchange SOLUSD+0.0096%1h119.73−0.008%$105K$153K20xas long as short
Aevo SOL-PERP+0.0096%1h119.56−0.153%$354K$748K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h119.58−0.135%$1.0M$523K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.63−0.092%$45K$790K20xas long as short
Nado SOL-PERP+0.0100%1h119.65−0.075%$6.2M$41.5M40xas long as short
Hyperliquid SOL+0.0100%1h119.67−0.058%$721.5M$414.5M20xas long as short
Aster SOLUSDT+0.0100%8h119.63−0.088%$179.1M$175.9M100xas long as short
Pacifica SOL+0.0100%1h119.62−0.097%$12.4M$117.5M20xas long as short
Binance SOLUSDT+0.0100%8h119.68−0.050%$990.0M$3.79B100xas long as short
Bybit SOLUSDT+0.0100%8h119.71−0.025%$827.4M$1.27B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.70−0.033%$372.5M$1.72B100xas long as short
Ondo Perps SOL-USD.Plong+0.0100%1h119.74long leg$234K$889K10x
Arcus SOL-USD+0.0100%1h119.69−0.038%$2.0M$8.9M20xas long as short
MEXC SOL_USDT+0.0100%8h119.60−0.117%$456.2M$1.11B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.61−0.108%$141.3M$200.0M75xas long as short
Bitget SOLUSDT+0.0100%8h119.63−0.089%$496.8M$454.8M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.62−0.100%$24.2M$38.7M50xas long as short
Variational Omni SOL+0.0100%8h119.76+0.018%$27.8M$127.8Mas long as short
edgeX SOLUSDC+0.0100%4h119.71−0.026%$96.1M$398.7M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.74+0.002%$49.0M$31.9M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.73−0.009%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.78+0.033%$1.4M$13.3M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.58−0.134%$366K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.59−0.122%$201K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h119.56−0.149%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.60−0.117%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.64−0.084%$46.7M$101.7M50xas long as short
Bulk SOL-USD+0.0100%1h119.75+0.007%$134.3M$8.4M20xas long as short
Extended SOL-USD+0.0104%1h119.61−0.105%$8.7M$36.2M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.64−0.084%$8.2M$415.5M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.64−0.082%$222.2M500xas long as short
Kraken Futures PF_SOLUSD+0.0149%1h119.61−0.110%$32.6M$95.4M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0171% / S −0.0089%1h119.60−0.119%$3.6M200xas long as short
Reya SOLRUSDPERPshort+0.0181%1h119.58−0.131%$1.1M$558K25x
RISEx SOL/USDC+0.0192%1h119.68−0.047%$1.7M$6.0M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.13−0.509%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h119.62−0.100%$52.1M$82.9M125xas long as short