Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h −0.034%

Price spread now: Bitget against Bluefin−0.051%7-day average — · you buy dearer than you sell

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

Long on Bluefin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.538%+$54 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.051% cheaper against Bluefin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.538%, 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	Bluefin SOL-PERP	117.00	0.0100	pay 0.0013% / 1h	11m 50s	$25K	$34K	25x
Short	Bitget SOLUSDT	116.94	0.0063	get 0.0063% / 8h	2h 11m	$482.0M	$461.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bluefin. 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 BluefinbpFee BitgetbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$7.77
Price spread: −0.051% → 0.000%: −$5.13
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.9
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Bitget: live order book, 2 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	0.04 bp	6.2 bp −$6	8.0 bp −$80	14.3 bp −$1,428	doesn't fit

Bluefin: 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
Kraken Futures PF_SOLUSD	−0.0239%	1h	116.99	−0.011%	$32.0M	$102.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0112%	1h	116.81	−0.162%	$103K	$696K	20x	as long as short
Bybit SOLUSDT	−0.0105%	8h	116.94	−0.050%	$742.1M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.75	−0.215%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0043%	1h	116.95	−0.042%	—	$625K	20x	as long as short
BingX SOL-USDT	−0.0024%	8h	116.97	−0.028%	—	$370.0M	—	as long as short
Derive SOL-PERP	−0.0003%	1h	116.93	−0.063%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.01	+0.008%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.04	+0.034%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.02	+0.015%	$114K	$3.7M	8.3x	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	+0.0009%	1h	117.01	+0.008%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	117.01	+0.008%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	117.01	+0.009%	$7.8M	$407.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0052%	1h	117.04	+0.033%	$26.4M	$22.0M	50x	as long as short
Bitget SOLUSDTshort	+0.0063%	8h	116.94	−0.051%	$482.0M	$461.0M	100x
Orderly PERP_SOL_USDC	+0.0096%	8h	117.00	−0.005%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.99	−0.011%	$13.0M	$61.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.98	−0.020%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.99	−0.008%	$352K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.94	−0.052%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.99	−0.006%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.97	−0.022%	$5.3M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.07	+0.059%	$700.5M	$407.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.98	−0.019%	$176.3M	$177.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.04	+0.034%	$15.8M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.96	−0.036%	$974.8M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.97	−0.026%	$371.1M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.97	−0.026%	$217K	$881K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.02	+0.016%	$912K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.95	−0.044%	$125.5M	$23.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.97	−0.026%	$845.0M	$674.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.97	−0.026%	$367.8M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.98	−0.020%	$126.9M	$230.6M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.99	−0.009%	$23.2M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	−0.466%	$25.1M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.54	−0.392%	$93.6M	$409.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	−0.326%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.61	−0.333%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.71	−0.249%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.98	−0.018%	$319K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.98	−0.015%	$167K	$1.6M	20x	as long as short
Bluefin SOL-PERPlong	+0.0100%	1h	117.00	long leg	$25K	$34K	25x
SunX SOL-USDT	+0.0100%	8h	116.99	−0.012%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.98	−0.018%	$6.2M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.98	−0.016%	$226.6M	$50.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.97	−0.026%	$45.5M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.93	−0.063%	$8.0M	$39.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.00	−0.001%	—	$237.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−1.146%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.74	−0.223%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.97	−0.030%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.94	−0.052%	$51.9M	$68.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	117.00	−0.003%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0534%	1h	116.59	−0.350%	$25K	$55K	20x	as long as short
RISEx SOL/USDC	+0.0547%	1h	117.06	+0.048%	$2.1M	$4.9M	20x	as long as short