Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.008%

Price spread now: Bitget against Bulk+0.823%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$55as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Bulk Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.817%−$82 · spread now +0.823%, 7d avg −0.013%

Together, before fees−0.817%−$82 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.836% dearer against Bulk than usual: you sell high and buy low (spread +0.823% now, against its 7-day average of −0.013%): +$84 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 days. At the pace of the last 4 days (0.000% in total) that is about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	115.76	0.0100	pay 0.0013% / 1h	22m 38s	$125.0M	$25.2M	20x
Short	Bitget SOLUSDT	116.71	0.0022	get 0.0022% / 8h	7h 22m	$481.9M	$438.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bulk. 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 BulkbpFee BitgetbpOrdersPrice spread, now +0.823%Rate

Funding earned: −$16.38
Price spread: +0.823% → −0.013%: $83.63
Slippage, 4 orders: −$10.12
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $38.13
Costs to cover: 0.291%
Break-even: from the start

Slippage from Bulk: live order book, 1 min ago; Bitget: live order book, 7 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 Bulk live order book, 1 min ago	4.29 bp	7.8 bp −$8	7.8 bp −$78	12.4 bp −$1,243	15.6 bp −$7,795
Sell Bitget live order book, 7 min ago	0.04 bp	7.5 bp −$7	10.3 bp −$103	15.2 bp −$1,522	doesn't fit

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
Hotstuff SOL-PERP	−0.0080%	1h	116.53	+0.673%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	115.82	+0.059%	$1.8M	$2.9M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.74	+0.848%	$32.4M	$103.8M	100x	as long as short
Bybit SOLUSDT	−0.0029%	8h	116.69	+0.810%	$730.1M	$1.37B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.64	+0.764%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.66	+0.783%	$1.4M	$19.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.64	+0.767%	$100K	$3.2M	8.3x	as long as short
Vest SOL-PERP	+0.0004%	1h	116.50	+0.641%	—	$640K	20x	as long as short
Bitget SOLUSDTshort	+0.0022%	8h	116.71	+0.823%	$481.9M	$438.9M	100x
dYdX SOL-USD	+0.0039%	1h	116.76	+0.868%	$7.6M	$24.4M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.72	+0.837%	$7.8M	$389.8M	50x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.72	+0.836%	$177.1M	$168.9M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	116.66	+0.781%	$1.0M	$5.7M	100x	as long as short
Phemex SOLUSDT	+0.0069%	8h	116.65	+0.772%	$45.3M	$102.9M	50x	as long as short
Gate SOL_USDT	+0.0079%	8h	116.73	+0.841%	$845.0M	$617.5M	100x	as long as short
SoDEX SOL-USD	+0.0087%	1h	116.69	+0.807%	$6.0M	$11.1M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.73	+0.843%	$13.2M	$56.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.71	+0.824%	$2.2M	$14.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.64	+0.760%	$352K	$240K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.73	+0.844%	$1.0M	$553K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.70	+0.816%	$59K	$897K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.53	+0.664%	$5.4M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.80	+0.902%	$701.4M	$387.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.77	+0.875%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.73	+0.839%	$962.6M	$3.79B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.74	+0.850%	$366.3M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.67	+0.790%	$217K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.75	+0.860%	$943K	$8.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.72	+0.833%	$410.2M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.74	+0.849%	$130.2M	$236.8M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.72	+0.829%	—	$368.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.67	+0.790%	$22.9M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.98	+0.196%	$24.7M	$104.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.15	+0.336%	$93.3M	$405.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.18	+0.370%	$47.6M	$27.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.01	+0.216%	$1.1M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.31	+0.479%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.60	+0.729%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	+0.778%	$283K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.51	+0.654%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.63	+0.758%	$225.8M	$50.2M	75x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	115.76	long leg	$125.0M	$25.2M	20x
Extended SOL-USD	+0.0104%	1h	116.70	+0.814%	$8.1M	$35.5M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	116.57	+0.703%	$100K	$185K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.55	+0.690%	—	$227.4M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.08	+0.280%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0138%	1h	116.75	+0.860%	$26.2M	$21.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0144%	1h	116.40	+0.560%	$104K	$677K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.505%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.58	+0.714%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	+0.781%	$52.3M	$62.3M	125x	as long as short
Bluefin SOL-PERP	+0.0229%	1h	116.64	+0.767%	$27K	$36K	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.66	+0.779%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0403%	1h	116.24	+0.418%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.77	+0.879%	$2.2M	$4.8M	20x	as long as short