Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against Bitget+0.006%50s7-day average +0.005% · you sell dearer than you buy

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 7 days−0.154%−$15 · spread now +0.006%, 7d avg +0.005%

Together, before fees−0.048%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOLUSDT	116.31	0.0085	pay 0.0085% / 8h	2h 59m	$480.6M	$448.6M	100x
Short	Ondo Perps SOL-USD.P	116.32	0.0100	get 0.0013% / 1h	59m 45s	$214K	$863K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.006%Rate

Funding earned: $3.15
Price spread: +0.006% → +0.005%: $0.11
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$13.74
Costs to cover: 0.170%
Break-even: 37.5 days

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.04 bp	6.3 bp −$6	7.6 bp −$76	11.8 bp −$1,184	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 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
Hibachi SOL/USDT-P	−0.0232%	1h	116.32	+0.008%	$105K	$705K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0194%	1h	116.31	+0.001%	$31.6M	$103.2M	100x	as long as short
Vest SOL-PERP	−0.0115%	1h	116.26	−0.042%	—	$601K	20x	as long as short
Bybit SOLUSDT	−0.0096%	8h	116.23	−0.071%	$746.0M	$1.40B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.32	+0.004%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0025%	1h	116.26	−0.047%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.32	+0.006%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.34	+0.023%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0011%	1h	116.31	−0.003%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.30	−0.014%	$7.6M	$404.4M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0056%	1h	116.32	+0.006%	$99K	$175K	20x	as long as short
Bullet SOL-USD	+0.0068%	1h	116.31	−0.004%	$147K	$1.6M	20x	as long as short
Bitget SOLUSDTlong	+0.0085%	8h	116.31	long leg	$480.6M	$448.6M	100x
Orderly PERP_SOL_USDC	+0.0095%	8h	116.33	+0.015%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.38	+0.057%	$13.1M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.38	+0.060%	$2.2M	$16.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.32	+0.008%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.26	−0.046%	$60K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.34	+0.025%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.30	−0.014%	$5.3M	$40.4M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.36	+0.043%	$174.3M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.34	+0.021%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.27	−0.037%	$969.5M	$3.84B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.32	+0.006%	$366.6M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.Pshort	+0.0100%	1h	116.32	+0.006%	$214K	$863K	10x
Arcus SOL-USD	+0.0100%	1h	116.36	+0.044%	$917K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.27	−0.041%	$131.6M	$15.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.28	−0.028%	$852.5M	$673.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.27	−0.037%	$372.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.27	−0.034%	$123.3M	$227.1M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.27	−0.036%	—	$365.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.30	−0.011%	$22.9M	$40.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.20	−0.093%	$25.0M	$114.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.34	+0.027%	$93.4M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.43	+0.101%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.29	−0.020%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.37	+0.049%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.30	−0.011%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.31	−0.003%	$25K	$32K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.33	+0.011%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.32	+0.006%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.31	−0.005%	$225.4M	$48.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.33	+0.015%	$45.3M	$103.4M	50x	as long as short
Hyperliquid SOL	+0.0102%	1h	116.40	+0.075%	$700.4M	$395.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.23	−0.074%	$8.3M	$37.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.50	+0.161%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.31	−0.005%	—	$236.1M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0143%	1h	116.37	+0.052%	$26.2M	$23.1M	50x	as long as short
Phoenix SOL	+0.0151%	1h	116.36	+0.040%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.28	−0.028%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.35	+0.032%	$51.8M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0179%	1h	116.32	+0.006%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.30	−0.010%	$114K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.38	+0.057%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0567%	1h	116.40	+0.075%	$25K	$52K	20x	as long as short