Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Bybit against SoDEX+0.042%7-day average +0.013% · 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−$18as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now +0.042%, 7d avg +0.013%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.029% dearer against SoDEX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	118.87	0.0100	pay 0.0013% / 1h	29m 23s	$6.2M	$10.8M	20x
Short	Bybit SOLUSDT	118.92	0.0100	get 0.0100% / 8h	29m 23s	$825.9M	$1.28B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.013%: $2.95
Slippage, 4 orders: −$2.16
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.21
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; Bybit: 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 SoDEX live order book, 5 min ago	0.42 bp	4.4 bp −$4	5.0 bp −$50	14.1 bp −$1,406	doesn't fit
Sell Bybit live order book, 5 min ago	0.42 bp	6.4 bp −$6	7.5 bp −$75	10.5 bp −$1,049	19.8 bp −$9,891

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
Hotstuff SOL-PERP	−0.0080%	1h	118.86	−0.007%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	118.80	−0.062%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.81	−0.049%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0017%	1h	118.90	+0.027%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.86	−0.009%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.94	+0.062%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.88	+0.005%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.93	+0.049%	$26.6M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0038%	1h	118.99	+0.101%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.91	+0.035%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	118.85	−0.017%	$103K	$157K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.82	−0.042%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0087%	8h	118.83	−0.032%	$231.3M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0089%	8h	118.80	−0.059%	$862.5M	$680.1M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.87	−0.002%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.85	−0.019%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.93	+0.048%	$120K	$628K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.88	+0.006%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.89	+0.013%	$8.1M	$416.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.89	+0.013%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.82	−0.042%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.81	−0.055%	$6.1M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.92	+0.042%	$719.7M	$412.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.85	−0.019%	$178.0M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.91	+0.032%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.84	−0.025%	$982.1M	$3.82B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	118.92	+0.042%	$825.9M	$1.28B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	118.90	+0.025%	$371.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.82	−0.042%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.89	+0.021%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.051%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.84	−0.025%	$433.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.84	−0.022%	$138.5M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.88	+0.007%	$492.8M	$460.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.90	+0.025%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.01	+0.119%	$27.2M	$129.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.97	+0.080%	$95.6M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.94	+0.059%	$48.7M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.94	+0.059%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.82	−0.042%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.84	−0.023%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.89	+0.019%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.85	−0.013%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	118.87	long leg	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	118.91	+0.034%	$46.5M	$102.8M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.08	+0.177%	$6.6M	$13.7M	25x	as long as short
Aftermath Perps SOLUSD	+0.0104%	1h	119.06	+0.161%	$24K	$47K	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.84	−0.023%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.86	−0.004%	$32.5M	$97.2M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.89	+0.020%	—	$225.5M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0067%	1h	118.86	−0.011%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.614%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.82	−0.040%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.95	+0.067%	$52.2M	$81.7M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.86	−0.011%	$1.7M	$5.2M	20x	as long as short