Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.001%

Price spread now: Coinbase International against Bitget−0.075%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.075%, 7d avg +0.026%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.101% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.075%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOLUSDT	118.06	0.0100	pay 0.0100% / 8h	6h 26m	$488.9M	$440.2M	100x
Short	Coinbase International SOL-PERP-INTX	117.97	0.0072	get 0.0009% / 1h	26m 28s	$8.0M	$410.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$5.88
Price spread: −0.075% → +0.026%: −$10.05
Slippage, 4 orders: −$3.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$41.12
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Coinbase International: live order book, 3 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 Bitget live order book, 3 min ago	0.04 bp	8.7 bp −$9	9.3 bp −$93	12.7 bp −$1,273	doesn't fit
Sell Coinbase International live order book, 3 min ago	0.04 bp	5.0 bp −$5	7.6 bp −$76	16.3 bp −$1,626	79.1 bp −$39.5K

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	117.98	−0.071%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0069%	1h	118.01	−0.046%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.89	−0.144%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0040%	1h	117.98	−0.072%	$92K	$682K	20x	as long as short
ApeX Omni SOLUSDT	−0.0003%	1h	117.89	−0.141%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.99	−0.062%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.96	−0.086%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.06	+0.001%	$1.4M	$21.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.06	−0.004%	$129K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	118.08	+0.019%	$2.0M	$4.7M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0038%	8h	117.94	−0.102%	$229.2M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0042%	8h	117.97	−0.078%	$855.1M	$661.3M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.94	−0.105%	$31.6M	$98.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0070%	1h	118.02	−0.040%	$26.5M	$25.5M	50x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0072%	1h	117.97	−0.075%	$8.0M	$410.2M	50x
BingX SOL-USDT	+0.0080%	8h	118.08	+0.013%	—	$369.2M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	118.00	−0.054%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.01	−0.044%	$13.1M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.96	−0.083%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	118.13	+0.058%	$103K	$160K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.97	−0.076%	$346K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.11	+0.036%	$1.0M	$519K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.04	−0.019%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.01	−0.040%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.02	−0.034%	$177.2M	$180.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.06	−0.003%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.10	+0.032%	$973.4M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.12	+0.049%	$823.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.10	+0.032%	$366.9M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.01	−0.044%	$239K	$894K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.09	+0.028%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.00	−0.053%	$135.1M	$14.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.05	−0.010%	$425.2M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.97	−0.075%	$131.6M	$210.4M	75x	as long as short
Bitget SOLUSDTlong	+0.0100%	8h	118.06	long leg	$488.9M	$440.2M	100x
Backpack SOL_USDC_PERP	+0.0100%	1h	117.96	−0.086%	$23.8M	$37.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	−0.292%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.87	−0.159%	$94.7M	$403.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.78	−0.235%	$48.2M	$29.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.02	−0.036%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.12	+0.049%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.02	−0.038%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.97	−0.074%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.01	−0.047%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.96	−0.086%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.97	−0.078%	$46.0M	$101.6M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	−0.069%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.05	−0.007%	$8.2M	$36.0M	50x	as long as short
Hyperliquid SOL	+0.0108%	1h	118.08	+0.015%	$721.5M	$402.6M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	118.05	−0.010%	—	$226.9M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	118.01	−0.042%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	−0.163%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	118.00	−0.055%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0321%	1h	117.86	−0.171%	$25K	$51K	20x	as long as short