Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:29 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.037%

Price spread now: 01 Exchange against Perpl+0.060%7-day average +0.027% · you sell dearer than you buy

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

Long on Perpl Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.240%+$24 on $10k

Price spread, last 4 days (all we have)−0.539%−$54 · spread now +0.060%, 7d avg +0.027%

Together, before fees−0.298%+ Points / potential airdropPerpl: Active · farm board−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and 01 Exchange is 0.033% dearer against Perpl than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl SOL	118.62	0	get 0.0000% / 43m	5m 54s	$174K	$3.9M	8.3x
Short	01 Exchange SOLUSD	118.69	0.0080	get 0.0010% / 1h	9m 54s	$104K	$158K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.060%Rate

Funding earned: $16.8
Price spread: +0.060% → +0.027%: $3.3
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$0.7
Costs to cover: 0.208%
Break-even: 7.3 days

Slippage unknown: Perpl: no order-book sample; 01 Exchange: live order book, 4 min ago. 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 01 Exchange live order book, 4 min ago	0.84 bp	6.8 bp −$7	12.1 bp −$121	doesn't fit	doesn't fit

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
Derive SOL-PERP	−0.0100%	1h	118.54	−0.070%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.49	−0.105%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.55	−0.056%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0021%	1h	118.58	−0.033%	$4.8M	$28.0M	20x	as long as short
ApeX Omni SOLUSDT	−0.0014%	1h	118.53	−0.076%	$1.5M	$6.2M	50x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.61	−0.008%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.59	−0.023%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOLlong	0.0000%	43m	118.62	long leg	$174K	$3.9M	8.3x
Deribit SOL_USDC-PERPETUAL	+0.0069%	1h	118.68	+0.049%	$26.6M	$25.8M	50x	as long as short
Gate SOL_USDT	+0.0071%	8h	118.59	−0.024%	$865.3M	$687.1M	100x	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	+0.0076%	8h	118.63	+0.013%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	118.55	−0.059%	$230.8M	$45.1M	75x	as long as short
01 Exchange SOLUSDshort	+0.0080%	1h	118.69	+0.060%	$104K	$158K	20x
BingX SOL-USDC	+0.0080%	8h	118.59	−0.028%	—	$10.5M	—	as long as short
Lighter SOL	+0.0096%	1h	118.60	−0.014%	$13.4M	$56.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.59	−0.024%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.54	−0.068%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.61	−0.008%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.61	−0.012%	$8.1M	$416.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.64	+0.016%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.62	+0.001%	$45K	$802K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.55	−0.062%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.73	+0.094%	$717.9M	$411.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.61	−0.008%	$178.3M	$177.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.65	+0.026%	$12.2M	$121.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.65	+0.029%	$978.4M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.65	+0.027%	$822.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.63	+0.009%	$370.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.58	−0.033%	$229K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.68	+0.049%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.73	+0.091%	$133.6M	$4.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.62	+0.001%	$425.2M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.62	+0.002%	$137.8M	$206.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.60	−0.014%	$492.0M	$459.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.65	+0.026%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.119%	$26.9M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.54	−0.065%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.53	−0.077%	$48.6M	$31.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.52	−0.083%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.62	+0.001%	$359K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.58	−0.031%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.62	−0.001%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.64	+0.014%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.61	−0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.60	−0.016%	$46.4M	$102.6M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.69	+0.060%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.59	−0.023%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.63	+0.006%	$32.5M	$97.1M	100x	as long as short
Aftermath Perps SOLUSD	+0.0112%	1h	118.62	+0.002%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.58	−0.037%	—	$226.2M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0167% / S −0.0070%	1h	118.59	−0.023%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.245%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.57	−0.038%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.48	−0.117%	$51.8M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.66	+0.034%	$1.8M	$4.9M	20x	as long as short