Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Arcus against Pacifica+0.041%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on Pacifica Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.041%, 7d avg +0.016%

Together, before fees−0.010%+ Points / potential airdropPacifica: Active · farm board−$1 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: Arcus is 0.025% dearer against Pacifica than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SOL	119.24	0.0100	pay 0.0013% / 1h	30m 01s	$13.4M	$108.7M	20x
Short	Arcus SOL-USD	119.29	0.0100	get 0.0013% / 1h	30m 01s	$2.0M	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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 PacificabpFee ArcusbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.016%: $2.47
Slippage, 4 orders: −$3.93
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$13.95
Costs to cover: 0.164%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; Arcus: live order book, 5 min ago.

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 Pacifica live order book, 5 min ago	0.42 bp	4.4 bp −$4	6.1 bp −$61	doesn't fit	doesn't fit
Sell Arcus live order book, 5 min ago	0.29 bp	2.8 bp −$3	3.5 bp −$35	6.7 bp −$672	doesn't fit

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
Vest SOL-PERP	−0.0096%	1h	119.10	−0.115%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.14	−0.080%	$845	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0065%	1h	119.11	−0.111%	$24K	$48K	20x	as long as short
dYdX SOL-USD	−0.0019%	1h	119.23	−0.008%	$4.9M	$26.4M	20x	as long as short
Derive SOL-PERP	−0.0001%	1h	119.02	−0.180%	$2.0M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.10	−0.113%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.21	−0.020%	$1.2M	$21.0M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.13	−0.094%	$196K	$4.1M	8.3x	as long as short
01 Exchange SOLUSD	+0.0024%	1h	119.23	−0.008%	$105K	$148K	20x	as long as short
HTX SOL-USDT	+0.0052%	8h	119.18	−0.049%	$232.3M	$43.1M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0055%	8h	119.10	−0.119%	$1.1M	$5.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0061%	1h	119.13	−0.088%	$26.7M	$27.8M	50x	as long as short
KuCoin SOLUSDTM	+0.0067%	8h	119.08	−0.137%	$136.9M	$182.7M	75x	as long as short
Gate SOL_USDT	+0.0080%	8h	119.02	−0.184%	$858.5M	$674.6M	100x	as long as short
Bitget SOLUSDT	+0.0080%	8h	119.07	−0.145%	$498.0M	$448.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.06	−0.154%	$13.4M	$51.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.05	−0.156%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.05	−0.157%	$354K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	119.18	−0.051%	$1.0M	$497K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.25	+0.009%	$49K	$778K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.22	−0.015%	$5.6M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.12	−0.100%	$719.5M	$436.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.06	−0.150%	$179.7M	$173.0M	100x	as long as short
Pacifica SOLlong	+0.0100%	1h	119.24	long leg	$13.4M	$108.7M	20x
Binance SOLUSDT	+0.0100%	8h	119.06	−0.153%	$977.1M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.09	−0.129%	$821.2M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.05	−0.159%	$367.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.24	+0.001%	$234K	$861K	10x	as long as short
Arcus SOL-USDshort	+0.0100%	1h	119.29	+0.041%	$2.0M	$8.9M	20x
Bulk SOL-USD	+0.0100%	1h	119.26	+0.015%	$133.2M	$15.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.06	−0.150%	$478.6M	$1.05B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	119.08	−0.132%	—	$367.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.06	−0.150%	$24.4M	$37.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	−0.047%	$27.8M	$120.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.07	−0.145%	$95.6M	$391.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.22	−0.020%	$48.8M	$33.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.02	−0.184%	$1.5M	$6.3M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.15	−0.075%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.17	−0.058%	$363K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.08	−0.130%	$200K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.10	−0.113%	$38K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.21	−0.024%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.06	−0.150%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.08	−0.134%	$46.5M	$98.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.06	−0.150%	$8.7M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	119.10	−0.119%	$8.1M	$409.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.21	−0.024%	—	$216.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0131%	1h	119.09	−0.128%	$36.4M	$90.8M	100x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	119.19	−0.043%	$130K	$580K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.25	+0.009%	$7.2M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	119.29	+0.040%	$1.6M	$6.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.12	−0.099%	$1.1M	$553K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.14	−0.083%	$51.5M	$89.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	119.10	−0.117%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	118.29	−0.796%	$4K	$2K	12x	as long as short