Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bulk against Pacifica−0.064%7-day average −0.008% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Pacifica Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.064%, 7d avg −0.008%

Together, before fees+0.053%+ Points / potential airdropPacifica: Active · farm board+$5 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: Bulk is 0.056% cheaper against Pacifica than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SOL	115.92	0.0100	pay 0.0013% / 1h	32m 32s	$15.5M	$130.6M	20x
Short	Bulk SOL-USD	115.84	0.0100	get 0.0013% / 1h	32m 32s	$125.6M	$19.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.008%: −$5.59
Slippage, 4 orders: −$10.72
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$31.31
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; Bulk: live order book, 2 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, 2 min ago	0.43 bp	5.6 bp −$6	7.0 bp −$70	doesn't fit	doesn't fit
Sell Bulk live order book, 2 min ago	4.32 bp	7.8 bp −$8	7.8 bp −$78	7.8 bp −$782	7.8 bp −$3,910

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
Kraken Futures PF_SOLUSD	−0.0241%	1h	115.81	−0.088%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0200%	1h	115.86	−0.049%	$104K	$693K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.70	−0.183%	$1.9M	$2.9M	13x	as long as short
Bybit SOLUSDT	−0.0116%	8h	115.83	−0.073%	$740.7M	$1.42B	100x	as long as short
BingX SOL-USDT	−0.0115%	8h	115.86	−0.047%	—	$368.3M	—	as long as short
Vest SOL-PERP	−0.0103%	1h	115.80	−0.097%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.05	+0.119%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.79	−0.108%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.83	−0.075%	$1.5M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.81	−0.088%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0014%	1h	115.86	−0.046%	$4.3M	$24.6M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.90	−0.013%	$99K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.81	−0.093%	$7.8M	$403.7M	50x	as long as short
Bitget SOLUSDT	+0.0069%	8h	115.85	−0.056%	$480.3M	$455.4M	100x	as long as short
Bullet SOL-USD	+0.0083%	1h	115.77	−0.122%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	115.80	−0.101%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.86	−0.047%	$12.9M	$60.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.83	−0.073%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.80	−0.098%	$348K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.86	−0.048%	$173.7M	$184.2M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.82	−0.082%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.88	−0.029%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.80	−0.099%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.92	+0.004%	$686.7M	$399.2M	20x	as long as short
Pacifica SOLlong	+0.0100%	1h	115.92	long leg	$15.5M	$130.6M	20x
Binance SOLUSDT	+0.0100%	8h	115.89	−0.022%	$962.4M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.80	−0.099%	$361.1M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.85	−0.056%	$216K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.91	−0.006%	$915K	$8.8M	20x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	115.84	−0.064%	$125.6M	$19.8M	20x
Gate SOL_USDT	+0.0100%	8h	115.87	−0.039%	$839.7M	$666.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.89	−0.022%	$358.8M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.88	−0.033%	$124.2M	$229.2M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.83	−0.073%	$22.8M	$40.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.00	+0.071%	$24.8M	$114.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.13	+0.183%	$93.2M	$406.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.99	+0.065%	$47.5M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.19	+0.235%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.84	−0.065%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.76	−0.134%	$318K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.77	−0.122%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.79	−0.112%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.79	−0.108%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.77	−0.122%	$224.2M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.84	−0.065%	$45.1M	$104.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.79	−0.105%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.79	−0.111%	—	$239.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0120%	1h	115.85	−0.052%	$26.2M	$22.0M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.548%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.11	+0.168%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.75	−0.146%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.81	−0.091%	$51.8M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.78	−0.117%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.94	+0.025%	$2.0M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0604%	1h	116.02	+0.093%	$25K	$53K	20x	as long as short