Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: SoDEX against Bulk−0.328%7-day average −0.024% · you buy dearer than you sell

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−$240.243% of the position

Long on Bulk Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.345%+$34 · spread now −0.328%, 7d avg −0.024%

Together, before fees+0.340%+$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.305% cheaper against Bulk than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	118.93	0.0100	pay 0.0013% / 1h	21m 22s	$133.7M	$5.4M	20x
Short	SoDEX SOL-USD	118.54	0.0100	get 0.0013% / 1h	21m 22s	$6.2M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.328%Rate

Funding earned: $0
Price spread: −0.328% → −0.024%: −$30.48
Slippage, 4 orders: −$9.29
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$54.78
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Bulk: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago	4.22 bp	7.7 bp −$8	7.7 bp −$77	11.0 bp −$1,096	15.1 bp −$7,565
Sell SoDEX live order book, 3 min ago	0.42 bp	4.4 bp −$4	5.1 bp −$51	17.3 bp −$1,730	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
Derive SOL-PERP	−0.0088%	1h	118.47	−0.391%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.52	−0.349%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.57	−0.304%	—	$723K	20x	as long as short
ApeX Omni SOLUSDT	−0.0032%	1h	118.43	−0.421%	$1.5M	$6.2M	50x	as long as short
dYdX SOL-USD	−0.0013%	1h	118.68	−0.207%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.58	−0.295%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.64	−0.243%	$1.3M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.67	−0.220%	$175K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0020%	1h	118.59	−0.283%	$26.6M	$26.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.56	−0.307%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0076%	8h	118.61	−0.270%	$864.3M	$683.1M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.69	−0.202%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.61	−0.265%	—	$372.8M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	118.54	−0.332%	$230.7M	$45.2M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.61	−0.266%	$13.4M	$56.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.61	−0.266%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.72	−0.176%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.54	−0.326%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.62	−0.262%	$8.1M	$415.9M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.62	−0.265%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.64	−0.244%	$45K	$806K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.64	−0.247%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.74	−0.160%	$718.2M	$410.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.62	−0.261%	$177.6M	$178.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.66	−0.230%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.58	−0.298%	$976.8M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.57	−0.301%	$822.4M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.53	−0.337%	$369.5M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.47	−0.387%	$228K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.66	−0.227%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	118.93	long leg	$133.7M	$5.4M	20x
MEXC SOL_USDT	+0.0100%	8h	118.63	−0.253%	$425.4M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.63	−0.253%	$137.5M	$205.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.56	−0.316%	$491.6M	$461.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.72	−0.177%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.63	−0.254%	$27.1M	$129.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.40	−0.445%	$95.1M	$402.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.54	−0.328%	$48.6M	$31.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.49	−0.370%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.61	−0.270%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.61	−0.271%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.55	−0.322%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.59	−0.282%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USDshort	+0.0100%	1h	118.54	−0.328%	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	118.59	−0.286%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.46	−0.396%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.51	−0.351%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.55	−0.321%	$32.4M	$97.5M	100x	as long as short
Aftermath Perps SOLUSD	+0.0114%	1h	118.71	−0.188%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.72	−0.175%	—	$226.8M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0068%	1h	118.60	−0.282%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	−0.017%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.60	−0.281%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.60	−0.278%	$52.1M	$80.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.66	−0.224%	$1.8M	$5.3M	20x	as long as short