Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.006%

Price spread now: Bitget against Aevo−0.067%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.431%+$43 · spread now −0.067%, 7d avg +0.011%

Together, before fees+0.401%+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.078% cheaper against Aevo than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	116.99	0.0096	pay 0.0012% / 1h	18m 12s	$353K	$240K	20x
Short	Bitget SOLUSDT	116.91	0.0022	get 0.0022% / 8h	7h 18m	$482.5M	$428.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$15.54
Price spread: −0.067% → +0.011%: −$7.8
Slippage, 4 orders: −$32.14
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$83.48
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from Aevo: live order book, 16 min ago; Bitget: live order book, 11 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 Aevo live order book, 16 min ago	12.89 bp	24.9 bp −$25	33.0 bp −$330	82.7 bp −$8,271	doesn't fit
Sell Bitget live order book, 11 min ago	0.04 bp	7.5 bp −$7	10.3 bp −$103	15.2 bp −$1,522	doesn't fit

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	116.92	−0.059%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	115.82	−0.997%	$1.8M	$2.9M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	117.01	+0.018%	$32.5M	$100.6M	100x	as long as short
Bybit SOLUSDT	−0.0037%	8h	116.91	−0.069%	$731.0M	$1.33B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.96	−0.028%	$43K	—	150x	as long as short
Vest SOL-PERP	0.0000%	1h	116.87	−0.103%	—	$518K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.05	+0.054%	$1.3M	$18.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.90	−0.079%	$99K	$3.0M	8.3x	as long as short
Bitget SOLUSDTshort	+0.0022%	8h	116.91	−0.067%	$482.5M	$428.7M	100x
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.03	+0.030%	$7.8M	$387.0M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0044%	1h	116.92	−0.058%	$7.8M	$22.5M	20x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.99	−0.001%	$177.5M	$166.0M	100x	as long as short
Phemex SOLUSDT	+0.0053%	8h	116.97	−0.018%	$45.5M	$102.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	116.96	−0.027%	$1.0M	$5.5M	100x	as long as short
Polymarket Perps SOL-USD	+0.0079%	1h	116.90	−0.078%	$321K	$2.8M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.99	−0.004%	$13.2M	$56.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.98	−0.008%	$2.2M	$14.9M	25x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	116.99	long leg	$353K	$240K	20x
SoDEX SOL-USD	+0.0097%	1h	116.97	−0.018%	$6.1M	$11.1M	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.94	−0.043%	$1.0M	$553K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.90	−0.078%	$53K	$857K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.88	−0.093%	$5.4M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.06	+0.059%	$708.8M	$391.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.94	−0.046%	$15.7M	$127.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.95	−0.031%	$964.7M	$3.69B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.94	−0.044%	$367.3M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.87	−0.103%	$218K	$827K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.94	−0.046%	$943K	$8.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.93	−0.053%	$126.5M	$25.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.95	−0.035%	$845.9M	$620.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.94	−0.044%	$416.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.95	−0.037%	$130.9M	$233.4M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.93	−0.055%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.95	−0.035%	$23.2M	$36.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.76	−0.199%	$25.0M	$103.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.68	−0.265%	$93.7M	$406.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.77	−0.190%	$47.8M	$27.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.73	−0.225%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.79	−0.172%	$1.3M	$10.9M	30x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.93	−0.052%	$282K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.92	−0.057%	$190K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.96	−0.023%	$226.3M	$49.1M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.93	−0.050%	$8.4M	$35.4M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	116.95	−0.035%	$100K	$181K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.92	−0.060%	—	$218.7M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.81	−0.155%	$6.5M	$13.4M	25x	as long as short
Bluefin SOL-PERP	+0.0131%	1h	116.95	−0.031%	$27K	$35K	25x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	116.77	−0.187%	$104K	$663K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0155%	1h	117.03	+0.038%	$26.3M	$20.3M	50x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.556%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.88	−0.096%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.80	−0.163%	$52.2M	$60.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.94	−0.047%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0415%	1h	116.62	−0.316%	$25K	$52K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.96	−0.026%	$2.2M	$4.7M	20x	as long as short