Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bulk against Polymarket Perps+0.015%7-day average −0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Polymarket Perps Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.015%, 7d avg −0.001%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SOL-USD	119.07	0.0100	pay 0.0013% / 1h	59m 06s	$361K	$2.4M	20x
Short	Bulk SOL-USD	119.09	0.0100	get 0.0013% / 1h	59m 06s	$133.4M	$13.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Polymarket Perps. 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 Polymarket PerpsbpFee BulkbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.001%: $1.6
Slippage, 4 orders: −$9.82
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$23.22
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Bulk: live order book, 5 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 Polymarket Perps live order book, 5 min ago	0.42 bp	4.4 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit
Sell Bulk live order book, 5 min ago	4.20 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$770	13.7 bp −$6,832

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
Injective SOL/USDC PERP	−0.0151%	1h	118.68	−0.328%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0084%	1h	119.05	−0.018%	—	$731K	20x	as long as short
Aftermath Perps SOLUSD	−0.0083%	1h	119.07	−0.003%	$24K	$48K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.10	+0.026%	$844	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.99	−0.064%	$2.0M	$3.2M	13x	as long as short
Ondo Perps SOL-USD.P	−0.0010%	1h	119.16	+0.076%	$234K	$868K	10x	as long as short
dYdX SOL-USD	−0.0010%	1h	119.21	+0.119%	$4.9M	$26.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.10	+0.024%	$49K	—	150x	as long as short
Perpl SOL	0.0000%	43m	119.10	+0.024%	$191K	$4.1M	8.3x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	119.10	+0.025%	$104K	$154K	20x	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	+0.0055%	8h	119.08	+0.010%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0065%	8h	119.09	+0.013%	$232.1M	$43.8M	75x	as long as short
Bullet SOL-USD	+0.0075%	1h	119.05	−0.013%	$200K	$1.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0076%	1h	119.13	+0.050%	$1.5M	$6.3M	50x	as long as short
Gate SOL_USDT	+0.0078%	8h	119.05	−0.017%	$859.5M	$671.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0078%	1h	119.14	+0.059%	$26.7M	$27.9M	50x	as long as short
KuCoin SOLUSDTM	+0.0082%	8h	119.06	−0.008%	$144.1M	$196.5M	75x	as long as short
Lighter SOL	+0.0096%	1h	119.07	+0.003%	$13.5M	$52.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.06	−0.008%	$2.0M	$16.5M	25x	as long as short
Bitget SOLUSDT	+0.0096%	8h	119.00	−0.062%	$496.4M	$452.2M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.05	−0.018%	$354K	$746K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	119.07	+0.001%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.08	+0.008%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.17	+0.085%	$5.6M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.15	+0.067%	$718.9M	$442.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.07	+0.002%	$180.1M	$175.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.18	+0.093%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.05	−0.017%	$977.5M	$3.76B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.07	+0.003%	$822.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.99	−0.067%	$368.2M	$1.72B	100x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.17	+0.087%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	119.09	+0.015%	$133.4M	$13.4M	20x
MEXC SOL_USDT	+0.0100%	8h	119.04	−0.025%	$470.8M	$1.07B	300x	as long as short
BingX SOL-USDC	+0.0100%	8h	119.04	−0.023%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.08	+0.008%	$24.2M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.33	+0.216%	$27.8M	$126.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.09	+0.013%	$95.6M	$395.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.08	+0.005%	$48.7M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.13	+0.050%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USDlong	+0.0100%	1h	119.07	long leg	$361K	$2.4M	20x
Bluefin SOL-PERP	+0.0100%	1h	119.10	+0.029%	$38K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.07	+0.002%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.08	+0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.11	+0.034%	$46.5M	$100.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.98	−0.074%	$8.7M	$37.4M	50x	as long as short
Kalshi KXSOLPERP	+0.0111%	8h	119.15	+0.066%	$1.2M	$21.0M	3.1x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.14	+0.055%	$8.1M	$415.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.20	+0.110%	—	$218.2M	500x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	119.25	+0.151%	$123K	$608K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.28	+0.176%	$7.3M	$11.2M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.14	+0.056%	$1.6M	$6.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.07	−0.004%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.07	0.000%	$51.7M	$91.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.10	+0.023%	$36.2M	$90.6M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0178%	1h	119.09	+0.018%	$3.5M	—	200x	as long as short