Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.043%

Price spread now: Bluefin against Orderly+0.002%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.564%−$56 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.564%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	117.39	0.0051	pay 0.0051% / 8h	5h 59m	$997K	$5.2M	100x
Short	Bluefin SOL-PERP	117.39	0.0100	get 0.0013% / 1h	59m 03s	$27K	$35K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Orderly. 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 OrderlybpFee BluefinbpOrdersPrice spread, now +0.002%Rate

Funding earned: $10.19
Price spread: +0.002% → 0.000%: $0.17
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$2.64
Costs to cover: 0.130%
Break-even: 8.8 days

Slippage unknown: Orderly: no order-book sample; Bluefin: 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 Orderly no order-book sample	—	—	—	—	—
Sell Bluefin no order-book sample	—	—	—	—	—

Orderly and Bluefin: 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 exchanges

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	−0.0264%	1h	117.49	+0.082%	$100K	$647K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.44	+0.038%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0058%	8h	117.37	−0.017%	$734.4M	$1.25B	100x	as long as short
SoDEX SOL-USD	−0.0003%	1h	117.37	−0.017%	$6.1M	$11.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.34	−0.041%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.43	+0.032%	$1.3M	$15.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.42	+0.022%	$98K	$2.9M	8.3x	as long as short
Vest SOL-PERP	+0.0008%	1h	117.37	−0.017%	—	$272K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0011%	1h	117.43	+0.037%	$26.4M	$18.6M	50x	as long as short
Bitget SOLUSDT	+0.0030%	8h	117.33	−0.049%	$483.0M	$399.9M	100x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0040%	1h	117.38	−0.009%	$102K	$181K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.39	−0.003%	$8.4M	$371.2M	50x	as long as short
Aster SOLUSDT	+0.0044%	8h	117.34	−0.039%	$178.0M	$156.0M	100x	as long as short
Orderly PERP_SOL_USDClong	+0.0051%	8h	117.39	long leg	$997K	$5.2M	100x
Aevo SOL-PERP	+0.0080%	1h	117.30	−0.078%	$348K	$258K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0083%	1h	117.39	+0.003%	$32.6M	$92.3M	100x	as long as short
MEXC SOL_USDT	+0.0084%	8h	117.33	−0.051%	$430.8M	$909.9M	300x	as long as short
Binance SOLUSDT	+0.0084%	8h	117.35	−0.034%	$972.1M	$3.44B	100x	as long as short
Gate SOL_USDT	+0.0093%	8h	117.35	−0.034%	$844.0M	$583.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.39	+0.002%	$13.2M	$54.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.36	−0.021%	$2.3M	$13.5M	25x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.40	+0.012%	$1.0M	$556K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.34	−0.043%	$45K	$873K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.38	−0.004%	$5.6M	$39.1M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.46	+0.056%	$16.0M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.33	−0.051%	$362.1M	$1.56B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.37	−0.017%	$223K	$765K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.47	+0.067%	$1.0M	$7.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.22	−0.147%	$127.1M	$14.8M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.39	−0.001%	$134.6M	$228.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.31	−0.064%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.36	−0.026%	$23.3M	$35.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.25	−0.121%	$25.1M	$100.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.24	−0.130%	$94.1M	$381.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.37	−0.016%	$48.1M	$25.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.33	−0.055%	$1.1M	$6.5M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.45	+0.051%	$1.3M	$10.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.36	−0.026%	$324K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.38	−0.006%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERPshort	+0.0100%	1h	117.39	+0.002%	$27K	$35K	25x
SunX SOL-USDT	+0.0100%	8h	117.35	−0.037%	$191K	$1.5M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.37	−0.021%	$227.0M	$41.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.39	0.000%	$45.6M	$99.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.34	−0.046%	$8.5M	$33.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.38	−0.011%	—	$210.8M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.51	+0.102%	$6.6M	$11.6M	25x	as long as short
dYdX SOL-USD	+0.0130%	1h	117.41	+0.017%	$9.3M	$17.9M	20x	as long as short
Hyperliquid SOL	+0.0157%	1h	117.49	+0.085%	$723.8M	$366.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0199%	1h	117.33	−0.051%	$1.1M	$93K	25x	as long as short
BloFin SOL-USDT	+0.0204%	8h	117.38	−0.009%	$51.7M	$57.4M	125x	as long as short
Injective SOL/USDC PERP	+0.0206%	1h	116.85	−0.460%	$4K	$117	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0171%	1h	117.38	−0.010%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	117.41	+0.016%	$2.2M	$4.4M	20x	as long as short
Aftermath Perps SOLUSD	+0.0382%	1h	117.37	−0.014%	$25K	$52K	20x	as long as short