Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.066%

Price spread now: Orderly against Aftermath Perps+0.241%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.241% dearer against Aftermath Perps than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps SOLUSD	119.49	0.0017	pay 0.0002% / 1h	20m 44s	$24K	$47K	20x
Short	Orderly PERP_SOL_USDC	119.78	0.0061	get 0.0061% / 8h	2h 20m	$1.1M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aftermath Perps. 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 Aftermath PerpsbpFee OrderlybpOrdersPrice spread, now +0.241%Rate

Funding earned: $9.4
Price spread: +0.241% → 0.000%: $24.07
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $18.46
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Aftermath Perps 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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.283%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.59	+0.082%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.70	+0.180%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0047%	1h	119.69	+0.169%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.82	+0.277%	$4.9M	$26.9M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.77	+0.232%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.72	+0.190%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.77	+0.233%	$180K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSDlong	+0.0017%	1h	119.49	long leg	$24K	$47K	20x
Deribit SOL_USDC-PERPETUAL	+0.0044%	1h	119.85	+0.304%	$26.9M	$27.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0055%	8h	119.71	+0.187%	$233.0M	$44.6M	75x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.59	+0.086%	$120K	$605K	20x	as long as short
Orderly PERP_SOL_USDCshort	+0.0061%	8h	119.78	+0.241%	$1.1M	$5.9M	100x
01 Exchange SOLUSD	+0.0072%	1h	119.80	+0.261%	$105K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.82	+0.277%	—	$372.1M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.80	+0.261%	$875.3M	$686.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.77	+0.239%	$13.7M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.77	+0.236%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.78	+0.241%	$356K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.74	+0.209%	$1.1M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.75	+0.219%	$48K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.78	+0.240%	$6.5M	$41.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.92	+0.361%	$724.2M	$411.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.82	+0.280%	$180.5M	$175.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.80	+0.260%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.81	+0.270%	$978.8M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.86	+0.311%	$832.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.81	+0.269%	$373.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.68	+0.160%	$235K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.81	+0.270%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	+0.142%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.80	+0.261%	$436.3M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.83	+0.283%	$141.7M	$197.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.86	+0.309%	$501.0M	$452.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.84	+0.294%	$24.5M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.50	+0.010%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.60	+0.094%	$96.1M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.58	+0.076%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.59	+0.086%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.65	+0.135%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.80	+0.261%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.73	+0.206%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.77	+0.236%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.74	+0.207%	$195K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.80	+0.261%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.78	+0.244%	$46.8M	$101.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.78	+0.246%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.85	+0.305%	$8.2M	$418.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.76	+0.227%	—	$219.6M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	+0.219%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.80	+0.260%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.71	+0.187%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.77	+0.236%	$51.6M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.84	+0.292%	$35.9M	$90.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0171%	1h	119.77	+0.232%	$3.6M	—	200x	as long as short