Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: Reya against Pacifica−0.102%7-day average −0.036% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.133%+$13 on $10k
Price spread, last 7 days+0.076%+$8 · spread now −0.102%, 7d avg −0.036%
Together, before fees+0.210%+ Points / potential airdropPacifica: Active · Reya: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.066% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.036%). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica SOL116.340.0100pay 0.0013% / 1h42m 51s$15.7M$130.3M20x
ShortReya SOLRUSDPERP116.220.0192get 0.0024% / 1h42m 51s$1.1M$542K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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

Funding earned
$19.42
Price spread: −0.102% → −0.036%
−$6.65
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
−$1.23
Costs to cover
0.140%
Break-even
7.4 days
Slippage unknown: Pacifica: live order book, 1 min ago; Reya: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 1 min ago0.43 bp4.4 bp −$46.0 bp −$60doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD−0.0240%1h116.22−0.101%$31.5M$103.2M100xas long as short
Hibachi SOL/USDT-P−0.0232%1h116.39+0.045%$105K$705K20xas long as short
Vest SOL-PERP−0.0126%1h116.23−0.095%$625K20xas long as short
Bybit SOLUSDT−0.0115%8h116.24−0.080%$743.0M$1.41B100xas long as short
Hotstuff SOL-PERP−0.0080%1h116.32−0.016%$1K$8K25xas long as short
Derive SOL-PERP−0.0051%1h116.14−0.173%$1.9M$2.9M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.24−0.083%$42K150xas long as short
01 Exchange SOLUSD0.0000%1h116.27−0.058%$99K$176K20xas long as short
Kalshi KXSOLPERP0.0000%8h116.34+0.002%$1.4M$19.1M3.1xas long as short
Perpl SOL0.0000%43m116.29−0.044%$112K$3.7M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SOL-USD+0.0017%1h116.34+0.002%$4.4M$24.2M20xas long as short
Bullet SOL-USD+0.0047%1h116.22−0.101%$147K$1.6M20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.23−0.093%$7.7M$404.5M50xas long as short
Bitget SOLUSDT+0.0074%8h116.22−0.104%$480.7M$450.2M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0076%1h116.27−0.056%$26.2M$22.9M50xas long as short
Orderly PERP_SOL_USDC+0.0095%8h116.22−0.096%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h116.21−0.109%$13.0M$60.6M25xas long as short
Lighter RH SOL+0.0096%1h116.20−0.114%$2.2M$16.6M25xas long as short
Aevo SOL-PERP+0.0096%1h116.22−0.104%$349K$247K20xas long as short
Katana Perps SOL-USD+0.0099%8h116.23−0.092%$60K$899K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h116.34−0.001%$1.0M$551K50xas long as short
Nado SOL-PERP+0.0100%1h116.26−0.066%$5.3M$40.4M40xas long as short
Hyperliquid SOL+0.0100%1h116.29−0.039%$698.2M$394.0M20xas long as short
Aster SOLUSDT+0.0100%8h116.26−0.062%$174.3M$183.3M100xas long as short
Pacifica SOLlong+0.0100%1h116.34long leg$15.7M$130.3M20x
Binance SOLUSDT+0.0100%8h116.30−0.032%$969.9M$3.85B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.25−0.075%$365.7M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.29−0.041%$213K$871K10xas long as short
Arcus SOL-USD+0.0100%1h116.31−0.019%$917K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h116.45+0.097%$130.4M$16.4M20xas long as short
Gate SOL_USDT+0.0100%8h116.25−0.075%$849.4M$660.4M100xas long as short
MEXC SOL_USDT+0.0100%8h116.23−0.092%$365.5M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.22−0.101%$123.7M$227.7M75xas long as short
BingX SOL-USDT+0.0100%8h116.28−0.045%$366.3Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.22−0.101%$22.9M$40.1M50xas long as short
Variational Omni SOL+0.0100%8h116.26−0.062%$25.0M$114.1Mas long as short
edgeX SOLUSDC+0.0100%4h116.45+0.101%$93.5M$403.4M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.31−0.023%$47.6M$30.9M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.42+0.076%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.37+0.028%$1.3M$12.0M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.24−0.083%$320K$2.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.23−0.092%$25K$33K25xas long as short
SunX SOL-USDT+0.0100%8h116.27−0.056%$189K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.21−0.109%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.24−0.080%$225.2M$48.5M75xas long as short
Phemex SOLUSDT+0.0100%8h116.25−0.075%$45.3M$103.7M50xas long as short
Extended SOL-USD+0.0104%1h116.20−0.120%$8.1M$38.4M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.29−0.042%$237.9M500xas long as short
Injective SOL/USDC PERP+0.0173%1h116.55+0.183%$4K$2K12xas long as short
Phoenix SOL+0.0179%1h116.48+0.123%$6.5M$13.7M25xas long as short
Reya SOLRUSDPERPshort+0.0192%1h116.22−0.102%$1.1M$542K25x
BloFin SOL-USDT+0.0220%8h116.20−0.118%$51.9M$67.4M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0173%1h116.23−0.096%$3.5M200xas long as short
RISEx SOL/USDC+0.0547%1h116.34+0.001%$1.9M$4.8M20xas long as short
Aftermath Perps SOLUSD+0.0597%1h116.40+0.056%$25K$52K20xas long as short