Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.006%

Price spread now: Orderly against SoDEX−0.008%7-day average +0.016% · you buy dearer than you sell

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

Long on SoDEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.008%, 7d avg +0.016%

Together, before fees+0.017%+$2 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 Orderly is 0.024% cheaper against SoDEX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	119.35	0.0100	pay 0.0013% / 1h	14m 02s	$6.3M	$10.8M	20x
Short	Orderly PERP_SOL_USDC	119.34	0.0083	get 0.0083% / 8h	7h 14m	$1.1M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.008%Rate

Funding earned: −$3.64
Price spread: −0.008% → +0.016%: −$2.35
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 5 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 5 min ago	0.42 bp	4.4 bp −$4	4.9 bp −$49	15.2 bp −$1,520	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Hotstuff SOL-PERP	−0.0080%	1h	119.29	−0.050%	$933	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.23	−0.097%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	119.26	−0.078%	$2.0M	$2.7M	13x	as long as short
Hibachi SOL/USDT-P	−0.0024%	1h	119.29	−0.054%	$100K	$660K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.30	−0.042%	$4.9M	$25.8M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.36	+0.010%	$32.5M	$97.0M	100x	as long as short
HTX SOL-USDT	−0.0010%	8h	119.25	−0.082%	$232.0M	$44.2M	75x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.37	+0.019%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.37	+0.017%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.30	−0.045%	$155K	$3.8M	8.3x	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	+0.0032%	1h	119.31	−0.034%	$104K	$160K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0060%	1h	119.38	+0.026%	$26.7M	$24.8M	50x	as long as short
Bluefin SOL-PERP	+0.0078%	1h	119.34	−0.009%	$37K	$17K	25x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.33	−0.015%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDCshort	+0.0083%	8h	119.34	−0.008%	$1.1M	$5.9M	100x
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.39	+0.032%	$8.1M	$410.9M	50x	as long as short
Gate SOL_USDT	+0.0094%	8h	119.35	0.000%	$856.3M	$670.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.35	+0.001%	$14.1M	$56.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.34	−0.008%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.35	+0.002%	$350K	$253K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.30	−0.038%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.26	−0.075%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.29	−0.052%	$6.3M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.47	+0.101%	$728.0M	$397.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.39	+0.032%	$180.4M	$176.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.33	−0.017%	$12.3M	$125.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.41	+0.050%	$983.2M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.32	−0.025%	$827.6M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.18	−0.142%	$373.5M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.12	−0.193%	$233K	$833K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.18	−0.141%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.496%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.35	0.000%	$433.6M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.37	+0.016%	$139.1M	$203.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.36	+0.004%	$495.1M	$439.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.37	+0.017%	$24.1M	$36.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	−0.145%	$24.9M	$130.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.97	−0.322%	$95.6M	$404.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.12	−0.194%	$48.8M	$29.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.04	−0.260%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.17	−0.151%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.30	−0.042%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.33	−0.013%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.26	−0.073%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	119.35	long leg	$6.3M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	119.36	+0.008%	$46.8M	$99.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.29	−0.053%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.10	−0.209%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.28	−0.060%	—	$218.8M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.30	−0.045%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.285%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	119.29	−0.048%	$1.1M	$524K	25x	as long as short
Aftermath Perps SOLUSD	+0.0195%	1h	119.14	−0.179%	$25K	$50K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.27	−0.067%	$51.9M	$75.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	119.36	+0.008%	$3.7M	—	200x	as long as short