Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.025%

Price spread now: Vest against Orderly−0.117%7-day average −0.024% · you buy dearer than you sell

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

Long on Orderly Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 3 days (all we have)+0.274%+$27 · spread now −0.117%, 7d avg −0.024%

Together, before fees+0.202%+ Points / potential airdropVest: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Vest is 0.093% cheaper against Orderly than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	119.16	0.0060	pay 0.0060% / 8h	2h 37m	$1.1M	$5.9M	100x
Short	Vest SOL-PERP	119.02	−0.0080	pay 0.0010% / 1h	37m 17s	—	$724K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$29.36
Price spread: −0.117% → −0.024%: −$9.33
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$46.69
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Vest: 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 Vest no order-book sample	—	—	—	—	—

Orderly and Vest: 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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	−0.227%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	119.06	−0.084%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERPshort	−0.0080%	1h	119.02	−0.117%	—	$724K	20x
Hotstuff SOL-PERP	−0.0080%	1h	118.72	−0.368%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0025%	1h	118.87	−0.246%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.16	−0.003%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.86	−0.253%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.11	−0.042%	$180K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.19	+0.020%	$26.7M	$27.6M	50x	as long as short
dYdX SOL-USD	0.0000%	1h	119.09	−0.064%	$4.9M	$26.9M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOLUSDT	+0.0042%	1h	118.74	−0.353%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDClong	+0.0060%	8h	119.16	long leg	$1.1M	$5.9M	100x
HTX SOL-USDT	+0.0068%	8h	119.05	−0.096%	$231.9M	$43.6M	75x	as long as short
BingX SOL-USDC	+0.0070%	8h	119.10	−0.049%	—	$10.5M	—	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.18	+0.016%	$104K	$152K	20x	as long as short
Gate SOL_USDT	+0.0083%	8h	119.11	−0.043%	$860.1M	$679.1M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.93	−0.195%	$123K	$600K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.07	−0.076%	$13.5M	$53.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.01	−0.124%	$2.0M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.14	−0.020%	$354K	$741K	20x	as long as short
KuCoin SOLUSDTM	+0.0098%	8h	119.14	−0.021%	$143.6M	$196.5M	75x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.10	−0.054%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.13	−0.026%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.10	−0.047%	$5.5M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.21	+0.041%	$718.6M	$412.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.12	−0.034%	$179.4M	$174.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.10	−0.054%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.15	−0.011%	$973.2M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.15	−0.008%	$823.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.10	−0.051%	$370.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	−0.068%	$233K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.18	+0.013%	$1.9M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.13	−0.026%	$468.0M	$1.08B	300x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.12	−0.032%	$497.1M	$448.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.97	−0.160%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.76	−0.340%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	−0.379%	$95.3M	$397.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.74	−0.351%	$48.6M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.87	−0.244%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.14	−0.018%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.13	−0.026%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.13	−0.024%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.10	−0.051%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.12	−0.034%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.10	−0.051%	$46.5M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.379%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.11	−0.044%	$8.6M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.16	+0.003%	$8.1M	$414.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.15	−0.013%	—	$217.3M	500x	as long as short
Phoenix SOL	+0.0154%	1h	118.79	−0.311%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.18	+0.019%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.13	−0.029%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.63	−0.446%	$51.6M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.12	−0.031%	$36.1M	$89.3M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	119.15	−0.012%	$3.6M	—	200x	as long as short