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−0.0020%/8h= −2.2% APRnext payment $0.03 per $10,000 · paid last 24h −0.022%
Price spread now: GMX against Reya+0.024%7-day average +0.056% · you sell dearer than you buy
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)−0.061%−$6 on $10k
Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.024%, 7d avg +0.056%
Together, before fees−0.089%+ Points / potential airdropReya: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GMX is 0.032% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.056%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya SOLRUSDPERP115.680.0193pay 0.0024% / 1h22m 36s$1.1M$542K25x
ShortGMX SOL/USD [SOL-USDC]115.71L +0.0233% / S −0.0173%get 0.0022% / 1h22m 36s$3.5M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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
−$4.28
Price spread: +0.024% → +0.056%
−$3.2
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee GMX: 6 bp × 2 orders
−$12
Net
−$25.48
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; GMX: 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 Reya no order-book sample
Sell GMX no order-book sample
Reya and GMX: 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−0.0241%1h115.76+0.073%$31.6M$102.9M100xas long as short
Hibachi SOL/USDT-P−0.0160%1h115.78+0.090%$104K$693K20xas long as short
BingX SOL-USDT−0.0115%8h115.93+0.217%$368.3Mas long as short
Bybit SOLUSDT−0.0110%8h115.94+0.227%$740.9M$1.42B100xas long as short
Hotstuff SOL-PERP−0.0080%1h116.33+0.566%$1K$8K25xas long as short
Derive SOL-PERP−0.0073%1h115.67−0.002%$1.9M$2.9M13xas long as short
Vest SOL-PERP−0.0072%1h115.72+0.039%$625K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h115.73+0.045%$41K150xas long as short
Kalshi KXSOLPERP0.0000%8h115.78+0.088%$1.5M$19.3M3.1xas long as short
Perpl SOL0.0000%43m115.72+0.039%$113K$3.7M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SOL-USD+0.0011%1h115.90+0.193%$4.3M$24.0M20xas long as short
01 Exchange SOLUSD+0.0024%1h115.96+0.244%$98K$176K20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h115.79+0.098%$7.7M$402.9M50xas long as short
Bitget SOLUSDT+0.0065%8h115.91+0.200%$477.7M$457.1M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0071%1h115.80+0.105%$26.2M$22.0M50xas long as short
Orderly PERP_SOL_USDC+0.0096%8h115.77+0.080%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h115.88+0.173%$12.9M$61.1M25xas long as short
Lighter RH SOL+0.0096%1h115.91+0.199%$2.2M$16.9M25xas long as short
Aevo SOL-PERP+0.0096%1h115.74+0.056%$348K$247K20xas long as short
Katana Perps SOL-USD+0.0099%8h115.89+0.184%$64K$915K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h115.91+0.200%$1.0M$550K50xas long as short
Nado SOL-PERP+0.0100%1h115.75+0.067%$5.2M$40.7M40xas long as short
Hyperliquid SOL+0.0100%1h115.97+0.249%$685.6M$400.8M20xas long as short
Aster SOLUSDT+0.0100%8h115.94+0.228%$175.3M$179.7M100xas long as short
Pacifica SOL+0.0100%1h115.92+0.208%$15.6M$130.3M20xas long as short
Binance SOLUSDT+0.0100%8h115.97+0.253%$966.5M$3.88B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h115.98+0.262%$361.5M$1.73B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h115.87+0.167%$215K$872K10xas long as short
Arcus SOL-USD+0.0100%1h115.96+0.245%$914K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h115.85+0.151%$123.9M$22.0M20xas long as short
Gate SOL_USDT+0.0100%8h115.90+0.193%$841.0M$669.3M100xas long as short
MEXC SOL_USDT+0.0100%8h115.95+0.236%$357.7M$1.08B300xas long as short
KuCoin SOLUSDTM+0.0100%8h115.86+0.156%$125.2M$230.0M75xas long as short
Backpack SOL_USDC_PERP+0.0100%1h115.81+0.115%$22.8M$38.3M50xas long as short
Variational Omni SOL+0.0100%8h115.53−0.131%$24.7M$114.3Mas long as short
edgeX SOLUSDC+0.0100%4h115.59−0.076%$92.8M$406.5M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h115.67−0.006%$47.3M$30.7M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h115.61−0.058%$1.1M$6.8M50xas long as short
StandX SOL-USD+0.0100%1h115.69+0.011%$1.3M$12.0M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h115.69+0.011%$318K$2.7M20xas long as short
Bullet SOL-USD+0.0100%1h115.71+0.027%$147K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h115.74+0.053%$25K$33K25xas long as short
SunX SOL-USDT+0.0100%8h115.76+0.068%$188K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h115.76+0.072%$6.0M$10.9M20xas long as short
HTX SOL-USDT+0.0100%8h115.70+0.021%$224.1M$50.0M75xas long as short
Phemex SOLUSDT+0.0100%8h115.79+0.097%$45.1M$104.8M50xas long as short
Extended SOL-USD+0.0104%1h115.89+0.181%$7.9M$38.8M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h115.71+0.031%$240.4M500xas long as short
Injective SOL/USDC PERP+0.0173%1h115.66−0.015%$4K$2K12xas long as short
Phoenix SOL+0.0179%1h115.69+0.011%$6.5M$13.7M25xas long as short
Reya SOLRUSDPERPlong+0.0193%1h115.68long leg$1.1M$542K25x
BloFin SOL-USDT+0.0220%8h115.79+0.097%$51.6M$67.7M125xas long as short
GMX SOL/USD [SOL-USDC]shortL +0.0233% / S −0.0173%1h115.71+0.024%$3.5M200x
RISEx SOL/USDC+0.0547%1h116.00+0.280%$2.1M$4.9M20xas long as short
Aftermath Perps SOLUSD+0.0576%1h115.77+0.077%$25K$53K20xas long as short