Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:31 UTC+0.0235%/8h= +25.7% APRpaid last 24h −0.017%

Price spread now: Perpl against Pacifica−0.026%7-day average −0.035% · you buy dearer than you sell

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

Long on Pacifica Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.026%, 7d avg −0.035%

Together, before fees−0.192%+ Points / potential airdropPacifica: Active · Perpl: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.245%, 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	Pacifica SOL	116.45	0.0100	pay 0.0013% / 1h	8m 53s	$15.8M	$130.3M	20x
Short	Perpl SOL	116.42	0.0335	get 0.0030% / 43m	5m 53s	$129K	$3.7M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.026%Rate

Funding earned: $49.33
Price spread: −0.026% → −0.035%: $0.89
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $28.41
Costs to cover: 0.218%
Break-even: 3.0 days

Slippage unknown: Pacifica: live order book, 5 min ago; Perpl: 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 Pacifica live order book, 5 min ago	0.43 bp	4.4 bp −$4	6.4 bp −$64	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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
Hibachi SOL/USDT-P	−0.0208%	1h	116.38	−0.055%	$104K	$703K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0194%	1h	116.25	−0.170%	$31.4M	$102.4M	100x	as long as short
Vest SOL-PERP	−0.0107%	1h	116.30	−0.125%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.41	−0.033%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0069%	8h	116.20	−0.212%	$747.9M	$1.40B	100x	as long as short
Derive SOL-PERP	−0.0030%	1h	116.17	−0.237%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.26	−0.160%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.38	−0.053%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0010%	1h	116.43	−0.014%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.26	−0.163%	$7.6M	$403.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0063%	1h	116.24	−0.180%	$147K	$1.6M	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.38	−0.057%	$99K	$175K	20x	as long as short
Bitget SOLUSDT	+0.0089%	8h	116.25	−0.171%	$480.3M	$448.0M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.26	−0.160%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.24	−0.176%	$13.1M	$60.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.24	−0.177%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.24	−0.175%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.36	−0.074%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.46	+0.011%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.42	−0.018%	$5.4M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.38	−0.057%	$700.4M	$395.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.27	−0.148%	$174.2M	$183.3M	100x	as long as short
Pacifica SOLlong	+0.0100%	1h	116.45	long leg	$15.8M	$130.3M	20x
Binance SOLUSDT	+0.0100%	8h	116.29	−0.134%	$969.4M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.29	−0.134%	$366.9M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.37	−0.065%	$224K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.42	−0.026%	$920K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.46	+0.012%	$132.4M	$15.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.28	−0.143%	$854.0M	$669.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.29	−0.134%	$366.4M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.27	−0.154%	$128.3M	$224.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.24	−0.178%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.26	−0.160%	$22.9M	$39.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.28	−0.140%	$25.0M	$114.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.48	+0.028%	$93.5M	$400.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.47	+0.020%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.54	+0.077%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.40	−0.040%	$1.3M	$12.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.33	−0.100%	$319K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.24	−0.180%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.23	−0.182%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.24	−0.177%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.17	−0.235%	$225.1M	$48.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.26	−0.160%	$45.2M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.21	−0.199%	$8.3M	$37.8M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.218%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.42	−0.022%	—	$235.7M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0122%	1h	116.29	−0.135%	$26.2M	$23.1M	50x	as long as short
Phoenix SOL	+0.0151%	1h	116.60	+0.132%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.28	−0.140%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.26	−0.160%	$51.9M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0179%	1h	116.25	−0.169%	$3.6M	—	200x	as long as short
Perpl SOLshort	+0.0335%	43m	116.42	−0.026%	$129K	$3.7M	8.3x
RISEx SOL/USDC	+0.0561%	1h	116.44	−0.003%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0577%	1h	116.50	+0.043%	$25K	$52K	20x	as long as short