Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.002%

Price spread now: Bybit against 01 Exchange−0.042%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on 01 Exchange Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now −0.042%, 7d avg −0.031%

Together, before fees−0.126%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	119.17	0.0032	pay 0.0004% / 1h	3m 02s	$104K	$154K	20x
Short	Bybit SOLUSDT	119.12	0.0100	get 0.0100% / 8h	3h 03m	$822.0M	$1.26B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against 01 Exchange. 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 01 ExchangebpFee BybitbpOrdersPrice spread, now −0.042%Rate

Funding earned: $14.28
Price spread: −0.042% → −0.031%: −$1.13
Slippage, 4 orders: −$14.07
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.92
Costs to cover: 0.321%
Break-even: 16.3 days

Slippage from 01 Exchange: live order book, 26 min ago; Bybit: live order book, 1 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 01 Exchange live order book, 26 min ago	0.42 bp	9.6 bp −$10	21.3 bp −$213	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.42 bp	5.9 bp −$6	6.5 bp −$65	10.2 bp −$1,017	19.9 bp −$9,959

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
Vest SOL-PERP	−0.0085%	1h	119.05	−0.104%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.06	−0.097%	$844	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0068%	1h	118.93	−0.204%	$24K	$48K	20x	as long as short
Derive SOL-PERP	−0.0065%	1h	119.00	−0.141%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0011%	1h	119.16	−0.006%	$4.9M	$26.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.11	−0.050%	$49K	—	150x	as long as short
Perpl SOL	0.0000%	43m	119.12	−0.044%	$192K	$4.1M	8.3x	as long as short
01 Exchange SOLUSDlong	+0.0032%	1h	119.17	long leg	$104K	$154K	20x
Orderly PERP_SOL_USDC	+0.0055%	8h	119.08	−0.071%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0059%	8h	119.05	−0.099%	$232.0M	$43.8M	75x	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	+0.0070%	1h	119.13	−0.032%	$26.7M	$27.9M	50x	as long as short
ApeX Omni SOLUSDT	+0.0075%	1h	119.06	−0.092%	$1.5M	$6.3M	50x	as long as short
Gate SOL_USDT	+0.0075%	8h	119.06	−0.092%	$858.8M	$685.1M	100x	as long as short
KuCoin SOLUSDTM	+0.0081%	8h	119.11	−0.055%	$144.5M	$195.6M	75x	as long as short
Bitget SOLUSDT	+0.0095%	8h	119.09	−0.064%	$496.8M	$451.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.05	−0.101%	$13.5M	$53.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.04	−0.109%	$2.0M	$17.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.05	−0.101%	$354K	$749K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	119.04	−0.107%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.14	−0.025%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.16	−0.008%	$5.6M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.17	0.000%	$718.8M	$442.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.08	−0.076%	$180.2M	$175.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.14	−0.024%	$12.4M	$112.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.09	−0.067%	$978.3M	$3.75B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	119.12	−0.042%	$822.0M	$1.26B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.09	−0.067%	$367.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	−0.076%	$233K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.19	+0.018%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.520%	$132.6M	$13.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.09	−0.067%	$479.8M	$1.08B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	119.13	−0.034%	—	$369.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.09	−0.067%	$24.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.03	−0.119%	$27.7M	$126.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.98	−0.156%	$95.6M	$394.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.93	−0.201%	$48.7M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.10	−0.059%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.13	−0.034%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.09	−0.070%	$200K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.11	−0.052%	$38K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.05	−0.099%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.06	−0.092%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.09	−0.067%	$46.5M	$100.0M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	119.11	−0.050%	$1.2M	$21.0M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	119.08	−0.076%	$8.7M	$37.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	119.11	−0.051%	$8.1M	$414.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.07	−0.086%	—	$218.0M	500x	as long as short
Hibachi SOL/USDT-P	+0.0128%	1h	119.08	−0.075%	$123K	$607K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0131%	1h	119.07	−0.083%	$36.2M	$90.5M	100x	as long as short
Phoenix SOL	+0.0149%	1h	119.15	−0.017%	$7.3M	$11.3M	25x	as long as short
RISEx SOL/USDC	+0.0160%	1h	119.19	+0.014%	$1.6M	$6.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.10	−0.056%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.04	−0.109%	$51.7M	$90.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0240% / S −0.0185%	1h	119.11	−0.049%	$3.6M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0533%	1h	118.68	−0.411%	$4K	$2K	12x	as long as short