Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Ondo Perps against Arcus+0.037%7-day average −0.024% · you sell dearer than you buy

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

Long on Arcus Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.407%−$41 · spread now +0.037%, 7d avg −0.024%

Together, before fees−0.408%+ Points / potential airdropOndo Perps: Active · farm board−$41 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.062% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	117.45	0.0100	pay 0.0013% / 1h	58m 48s	$941K	$8.2M	20x
Short	Ondo Perps SOL-USD.P	117.49	0.0100	get 0.0013% / 1h	58m 48s	$221K	$808K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Arcus. 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 ArcusbpFee Ondo PerpsbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → −0.024%: $6.16
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.34
Costs to cover: 0.095%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 5 min ago; Ondo Perps: 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 Arcus live order book, 5 min ago	0.04 bp	2.3 bp −$2	2.6 bp −$26	6.1 bp −$608	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 54 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	117.52	+0.064%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0053%	8h	117.25	−0.163%	$733.6M	$1.31B	100x	as long as short
SoDEX SOL-USD	−0.0015%	1h	117.38	−0.056%	$6.2M	$11.1M	20x	as long as short
Vest SOL-PERP	−0.0009%	1h	117.39	−0.045%	—	$288K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.56	+0.095%	$40K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.43	−0.016%	$1.3M	$17.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.42	−0.026%	$99K	$2.9M	8.3x	as long as short
Phemex SOLUSDT	+0.0007%	8h	117.35	−0.082%	$45.6M	$101.6M	50x	as long as short
Bitget SOLUSDT	+0.0024%	8h	117.25	−0.171%	$483.6M	$425.5M	100x	as long as short
Injective SOL/USDC PERP	+0.0033%	1h	116.34	−0.942%	$4K	$120	12x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.41	−0.030%	$8.2M	$385.2M	50x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.45	+0.003%	$101K	$182K	20x	as long as short
Aster SOLUSDT	+0.0051%	8h	117.30	−0.127%	$178.3M	$164.1M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0053%	1h	117.43	−0.017%	$26.4M	$20.1M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0063%	8h	117.34	−0.086%	$997K	$5.5M	100x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.56	+0.094%	$98K	$654K	20x	as long as short
dYdX SOL-USD	+0.0073%	1h	117.46	+0.009%	$8.2M	$20.1M	20x	as long as short
Lighter RH SOL	+0.0088%	1h	117.29	−0.135%	$2.2M	$13.4M	25x	as long as short
Lighter SOL	+0.0096%	1h	117.29	−0.134%	$13.1M	$54.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.35	−0.085%	$358K	$236K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.38	−0.060%	$1.0M	$555K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.42	−0.022%	$44K	$838K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.36	−0.077%	$5.5M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.41	−0.031%	$713.7M	$386.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.48	+0.030%	$16.0M	$121.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.26	−0.157%	$969.8M	$3.62B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.25	−0.167%	$364.4M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.Pshort	+0.0100%	1h	117.49	+0.037%	$221K	$808K	10x
Arcus SOL-USDlong	+0.0100%	1h	117.45	long leg	$941K	$8.2M	20x
Gate SOL_USDT	+0.0100%	8h	117.40	−0.039%	$855.1M	$583.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.32	−0.107%	$423.6M	$973.7M	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.36	−0.077%	$134.0M	$232.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.26	−0.158%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.39	−0.048%	$23.2M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.40	−0.036%	$25.3M	$101.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.53	+0.074%	$94.4M	$410.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.46	+0.014%	$48.1M	$26.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.58	+0.114%	$1.1M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.53	+0.072%	$1.3M	$10.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.38	−0.056%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.37	−0.063%	$284K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.36	−0.074%	$27K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.41	−0.033%	$190K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.36	−0.070%	$227.1M	$46.5M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.65	+0.171%	$127.3M	$25.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.32	−0.105%	$8.4M	$34.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.56	+0.094%	—	$214.7M	500x	as long as short
Phoenix SOL	+0.0124%	1h	117.64	+0.165%	$6.5M	$12.6M	25x	as long as short
Kraken Futures PF_SOLUSD	+0.0184%	1h	117.42	−0.024%	$32.4M	$98.8M	100x	as long as short
Reya SOLRUSDPERP	+0.0198%	1h	117.32	−0.108%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.39	−0.048%	$52.1M	$59.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.55	+0.085%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0273%	1h	117.41	−0.032%	$2.2M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0409%	1h	117.59	+0.121%	$25K	$53K	20x	as long as short