Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.035%

Price spread now: Bullet against Bluefin+0.009%7-day average — · you sell dearer than you buy

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

Long on Bluefin Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SOL-PERP	116.56	0.0100	pay 0.0013% / 1h	59m 39s	$27K	$36K	25x
Short	Bullet SOL-USD	116.57	0.0100	get 0.0013% / 1h	59m 39s	$241K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → 0.000%: $0.94
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$14.06
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Bullet: 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 Bullet live order book, 4 min ago	0.17 bp	5.8 bp −$6	10.2 bp −$102	doesn't fit	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
Hibachi SOL/USDT-P	−0.0216%	1h	116.52	−0.035%	$97K	$679K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.48	−0.070%	$737.3M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.51	−0.045%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.59	+0.020%	$32.3M	$106.1M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.51	−0.047%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0045%	1h	116.52	−0.034%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.59	+0.023%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.54	−0.021%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.57	+0.006%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0017%	1h	116.51	−0.047%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0034%	8h	116.48	−0.067%	$480.3M	$458.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.58	+0.014%	$8.0M	$402.2M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.47	−0.075%	$2.2M	$17.0M	25x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.54	−0.019%	$99K	$177K	20x	as long as short
SoDEX SOL-USD	+0.0064%	1h	116.54	−0.019%	$6.1M	$11.0M	20x	as long as short
Aster SOLUSDT	+0.0071%	8h	116.49	−0.061%	$176.4M	$169.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0081%	8h	116.54	−0.018%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0091%	1h	116.63	+0.057%	$26.4M	$21.8M	50x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.53	−0.026%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.49	−0.063%	$13.2M	$60.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.55	−0.012%	$353K	$254K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.49	−0.062%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.55	−0.010%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.60	+0.034%	$700.9M	$408.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	−0.019%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.49	−0.058%	$965.5M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.51	−0.045%	$367.3M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.43	−0.113%	$216K	$824K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.52	−0.035%	$898K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.094%	$125.5M	$24.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.49	−0.062%	$851.7M	$655.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.49	−0.062%	$369.7M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.50	−0.052%	$132.9M	$233.1M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.46	−0.090%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	−0.019%	$23.0M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.44	−0.101%	$24.9M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.48	−0.072%	$93.5M	$409.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	−0.067%	$47.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.53	−0.027%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.60	+0.033%	$1.3M	$11.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.56	−0.002%	$312K	$2.8M	20x	as long as short
Bullet SOL-USDshort	+0.0100%	1h	116.57	+0.009%	$241K	$1.7M	20x
Bluefin SOL-PERPlong	+0.0100%	1h	116.56	long leg	$27K	$36K	25x
SunX SOL-USDT	+0.0100%	8h	116.55	−0.006%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.49	−0.066%	$225.6M	$50.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.54	−0.019%	$45.3M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.46	−0.090%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.49	−0.058%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	+0.050%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.59	+0.024%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.52	−0.038%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	−0.062%	$52.0M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.58	+0.017%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.63	+0.061%	$2.1M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0487%	1h	116.64	+0.065%	$25K	$57K	20x	as long as short