Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.002%

Price spread now: BloFin against Bluefin−0.021%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.807%+$81 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.021% cheaper against Bluefin than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.807% in total) that is about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SOL-PERP	116.67	0.0100	pay 0.0013% / 1h	44m 57s	$27K	$36K	25x
Short	BloFin SOL-USDT	116.65	0.0220	get 0.0220% / 8h	1h 44m	$52.4M	$68.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.021%Rate

Funding earned: $25.2
Price spread: −0.021% → 0.000%: −$2.06
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.14
Costs to cover: 0.190%
Break-even: 5.8 days

Slippage unknown: Bluefin: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.86 bp	6.9 bp −$7	6.9 bp −$69	8.5 bp −$845	13.1 bp −$6,530

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
Hibachi SOL/USDT-P	−0.0112%	1h	116.39	−0.243%	$97K	$687K	20x	as long as short
Bybit SOLUSDT	−0.0111%	8h	116.60	−0.063%	$742.1M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.43	−0.207%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.68	+0.001%	$32.6M	$104.7M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.60	−0.065%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0011%	1h	116.52	−0.130%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.67	−0.003%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.46	−0.187%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.63	−0.039%	$113K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0014%	1h	116.42	−0.218%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0040%	1h	116.63	−0.040%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.41	−0.226%	$100K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	−0.009%	$8.2M	$405.6M	50x	as long as short
Bitget SOLUSDT	+0.0050%	8h	116.59	−0.069%	$480.2M	$463.0M	100x	as long as short
SoDEX SOL-USD	+0.0066%	1h	116.64	−0.029%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	116.64	−0.026%	$1.0M	$6.0M	100x	as long as short
Aster SOLUSDT	+0.0090%	8h	116.60	−0.063%	$175.8M	$176.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.64	−0.027%	$13.1M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.65	−0.021%	$349K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.39	−0.243%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.37	−0.261%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.51	−0.143%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.73	+0.048%	$698.4M	$410.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.42	−0.219%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.62	−0.046%	$968.9M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.62	−0.046%	$370.8M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	−0.141%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.41	−0.230%	$903K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.106%	$125.4M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.61	−0.055%	$844.9M	$665.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.61	−0.055%	$361.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.60	−0.060%	$129.0M	$232.3M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.58	−0.085%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.65	−0.021%	$23.1M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.33	−0.291%	$24.8M	$112.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.46	−0.186%	$93.5M	$411.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.44	−0.201%	$47.7M	$31.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.51	−0.141%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.44	−0.201%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.59	−0.072%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	−0.012%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERPlong	+0.0100%	1h	116.67	long leg	$27K	$36K	25x
SunX SOL-USDT	+0.0100%	8h	116.38	−0.256%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	−0.049%	$225.8M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.65	−0.021%	$45.4M	$105.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.56	−0.099%	$8.0M	$39.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.43	−0.208%	—	$235.7M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0139%	1h	116.72	+0.042%	$26.4M	$21.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	−0.149%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.66	−0.012%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.57	−0.089%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	116.65	−0.021%	$52.4M	$68.7M	125x
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.67	−0.003%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.47	−0.175%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0492%	1h	116.61	−0.054%	$25K	$56K	20x	as long as short