Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:14 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.026%

Price spread now: Vest against Perpl−0.009%7-day average +0.026% · you buy dearer than you sell

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

Long on Perpl Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.083%+$8 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.009%, 7d avg +0.026%

Together, before fees+0.087%+ Points / potential airdropPerpl: Active · Vest: Active · farm board+$9 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 0.035% cheaper against Perpl than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.083%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl SOL	116.10	0	get 0.0000% / 43m	21m 26s	$112K	$3.7M	8.3x
Short	Vest SOL-PERP	116.09	−0.0123	pay 0.0015% / 1h	41m 26s	—	$625K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Perpl. 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 PerplbpFee VestbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$25.87
Price spread: −0.009% → +0.026%: −$3.54
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$45.21
Costs to cover: 0.158%
Break-even: never at this rate

Slippage unknown: Perpl: 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 Perpl no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Perpl 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
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.21	+0.094%	$31.5M	$103.2M	100x	as long as short
Hibachi SOL/USDT-P	−0.0224%	1h	116.22	+0.098%	$104K	$705K	20x	as long as short
Vest SOL-PERPshort	−0.0123%	1h	116.09	−0.009%	—	$625K	20x
Bybit SOLUSDT	−0.0115%	8h	116.04	−0.054%	$741.7M	$1.41B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.22	+0.104%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0051%	1h	116.12	+0.019%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.04	−0.055%	$42K	—	150x	as long as short
01 Exchange SOLUSD	0.0000%	1h	116.09	−0.011%	$99K	$176K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.25	+0.130%	$1.4M	$19.1M	3.1x	as long as short
Perpl SOLlong	0.0000%	43m	116.10	long leg	$112K	$3.7M	8.3x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0015%	1h	116.17	+0.060%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.23	+0.109%	$7.7M	$404.5M	50x	as long as short
Bullet SOL-USD	+0.0049%	1h	116.04	−0.055%	$147K	$1.6M	20x	as long as short
Bitget SOLUSDT	+0.0072%	8h	116.06	−0.039%	$480.5M	$450.7M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	116.23	+0.109%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.16	+0.049%	$13.0M	$60.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.12	+0.012%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.19	+0.076%	$349K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.05	−0.046%	$65K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.13	+0.024%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.07	−0.025%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.17	+0.058%	$697.4M	$394.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.07	−0.027%	$174.0M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.17	+0.055%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.09	−0.015%	$968.1M	$3.85B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.08	−0.020%	$365.6M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	−0.028%	$213K	$869K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.13	+0.020%	$915K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.24	+0.116%	$130.1M	$16.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.15	+0.040%	$848.6M	$660.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.05	−0.046%	$366.8M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.07	−0.028%	$123.5M	$227.8M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.07	−0.027%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.20	+0.084%	$22.9M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.26	+0.139%	$25.0M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.27	+0.144%	$93.3M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.31	+0.178%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.31	+0.178%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.21	+0.092%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.08	−0.020%	$319K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.19	+0.071%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.20	+0.085%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.20	+0.084%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.16	+0.049%	$225.2M	$48.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.22	+0.101%	$45.3M	$103.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.04	−0.052%	$8.1M	$38.4M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0114%	1h	116.26	+0.136%	$26.2M	$22.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.21	+0.092%	—	$238.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.385%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.27	+0.144%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.06	−0.034%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.20	+0.084%	$51.9M	$67.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.05	−0.047%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.15	+0.041%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0596%	1h	116.34	+0.200%	$25K	$52K	20x	as long as short