Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h +0.032%

Price spread now: Orderly against Vest+0.094%7-day average +0.028% · you sell dearer than you buy

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

Long on Vest Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)−0.480%−$48 · spread now +0.094%, 7d avg +0.028%

Together, before fees−0.396%+ Points / potential airdropVest: Active · farm board−$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Orderly is 0.066% dearer against Vest than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SOL-PERP	117.93	−0.0067	get 0.0008% / 1h	16m 03s	—	$605K	20x
Short	Orderly PERP_SOL_USDC	118.04	0.0090	get 0.0090% / 8h	5h 16m	$1.0M	$5.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Vest. 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 VestbpFee OrderlybpOrdersPrice spread, now +0.094%Rate

Funding earned: $32.93
Price spread: +0.094% → +0.028%: $6.58
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Orderly: 3 bp × 2 orders: −$6
Net: $31.51
Costs to cover: 0.080%
Break-even: 0.3 days

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Vest and 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
Bluefin SOL-PERP	−0.0126%	1h	118.00	+0.062%	$25K	$28K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.98	+0.046%	$923	$8K	25x	as long as short
Vest SOL-PERPlong	−0.0067%	1h	117.93	long leg	—	$605K	20x
Kraken Futures PF_SOLUSD	−0.0055%	1h	118.03	+0.085%	$31.7M	$98.7M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.95	+0.023%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.04	+0.097%	$58K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.98	+0.044%	$4.5M	$24.1M	20x	as long as short
Hibachi SOL/USDT-P	+0.0048%	1h	117.92	−0.001%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	118.05	+0.106%	$100K	$165K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	118.04	+0.097%	$8.0M	$405.0M	50x	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_USDCshort	+0.0090%	8h	118.04	+0.094%	$1.0M	$5.8M	100x
Deribit SOL_USDC-PERPETUAL	+0.0092%	1h	118.07	+0.123%	$26.5M	$24.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.02	+0.078%	$13.2M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.00	+0.065%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.02	+0.078%	$346K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.99	+0.055%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.02	+0.081%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.99	+0.058%	$5.8M	$38.9M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.01	+0.071%	$177.8M	$180.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.00	+0.066%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.01	+0.072%	$972.3M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.04	+0.097%	$832.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.01	+0.072%	$367.3M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.90	−0.021%	$239K	$856K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.00	+0.067%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.59	−0.286%	$135.8M	$17.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.99	+0.055%	$859.9M	$653.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.00	+0.064%	$426.9M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.02	+0.076%	$130.3M	$212.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.00	+0.063%	$488.8M	$431.1M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.01	+0.071%	—	$362.9M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.01	+0.072%	$23.7M	$36.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.04	+0.099%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.94	+0.011%	$94.7M	$393.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.97	+0.037%	$48.3M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.02	+0.078%	$1.7M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.86	−0.055%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.02	+0.080%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.05	+0.102%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.95	+0.021%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.01	+0.072%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.91	−0.014%	$229.0M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.99	+0.055%	$46.0M	$100.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	118.02	+0.079%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.99	+0.054%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.95	+0.025%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	118.08	+0.131%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	118.06	+0.113%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0176%	1h	118.12	+0.165%	$722.6M	$389.8M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.99	+0.052%	$1.1M	$536K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.369%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.92	−0.004%	$51.7M	$71.7M	125x	as long as short
Perpl SOL	+0.0223%	43m	118.02	+0.080%	$128K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	118.04	+0.094%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0406%	1h	117.92	−0.005%	$25K	$51K	20x	as long as short