Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.038%

Price spread now: BloFin against SoDEX0.000%56s7-day average +0.007% · 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—prices read too far apart to compare

costs, in and out, $10k−$220.217% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.109%+$11 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now 0.000%, 7d avg +0.007%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	118.93	0.0100	pay 0.0013% / 1h	59m 50s	$6.2M	$10.8M	20x
Short	BloFin SOL-USDT	118.93	0.0220	get 0.0220% / 8h	7h 59m	$51.9M	$80.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $25.2
Price spread: 0.000% → +0.007%: −$0.72
Slippage, 4 orders: −$1.68
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.79
Costs to cover: 0.217%
Break-even: 6.2 days

Slippage from SoDEX: live order book, 4 min ago; BloFin: live order book, 9 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 SoDEX live order book, 4 min ago	0.42 bp	4.4 bp −$4	4.7 bp −$47	18.6 bp −$1,859	doesn't fit
Sell BloFin live order book, 9 min ago	0.42 bp	6.4 bp −$6	6.8 bp −$68	8.5 bp −$854	13.2 bp −$6,600

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	118.86	−0.063%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.89	−0.032%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.86	−0.059%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0022%	1h	118.93	+0.003%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.95	+0.017%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.93	+0.004%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.95	+0.018%	$175K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0020%	1h	118.73	−0.165%	$1.5M	$6.1M	50x	as long as short
Gate SOL_USDT	+0.0066%	8h	118.90	−0.025%	$861.6M	$690.5M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.92	−0.008%	$103K	$158K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0074%	1h	118.98	+0.045%	$26.6M	$25.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0078%	8h	118.94	+0.012%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.88	−0.043%	—	$370.2M	—	as long as short
HTX SOL-USDT	+0.0080%	8h	118.88	−0.045%	$231.4M	$45.0M	75x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.86	−0.063%	$122K	$642K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.92	−0.009%	$13.4M	$56.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.91	−0.018%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.95	+0.016%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.96	+0.025%	$8.2M	$417.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.93	−0.002%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.87	−0.050%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.91	−0.016%	$5.9M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.03	+0.084%	$720.4M	$408.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.92	−0.008%	$178.6M	$177.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.94	+0.008%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.87	−0.051%	$980.7M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.89	−0.034%	$823.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.86	−0.059%	$371.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.82	−0.092%	$231K	$883K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.93	+0.003%	$1.9M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	−0.238%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.92	−0.008%	$429.6M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.93	0.000%	$138.2M	$207.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.90	−0.029%	$493.2M	$458.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.94	+0.008%	$24.2M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.79	−0.119%	$27.0M	$128.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.73	−0.165%	$95.4M	$403.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.57	−0.305%	$48.6M	$30.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.81	−0.101%	$1.4M	$13.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.94	+0.008%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.93	+0.003%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.75	−0.988%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.87	−0.053%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	118.93	long leg	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	118.91	−0.017%	$46.5M	$102.4M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.85	−0.067%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.89	−0.032%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.92	−0.008%	$32.6M	$97.1M	100x	as long as short
Aftermath Perps SOLUSD	+0.0117%	1h	118.75	−0.148%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.92	−0.006%	—	$225.7M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.94	+0.011%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	−0.227%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.93	−0.003%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	118.93	0.000%	$51.9M	$80.3M	125x
RISEx SOL/USDC	+0.0226%	1h	118.89	−0.032%	$1.8M	$4.8M	20x	as long as short