Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.007%
Price spread now: GMX against Bullet+0.013%7-day average +0.041% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.077%+$8 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.013%, 7d avg +0.041%
Together, before fees+0.053%+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.028% cheaper against Bullet than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.041%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet SOL-USD116.520.0085pay 0.0011% / 1h26m 20s$147K$1.6M20x
ShortGMX SOL/USD [SOL-USDC]116.54L +0.0235% / S −0.0178%get 0.0022% / 1h26m 20s$3.6M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Bullet. 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

Funding earned
$19.54
Price spread: +0.013% → +0.041%
−$2.79
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
−$3.24
Costs to cover
0.200%
Break-even
8.2 days
Slippage unknown: Bullet: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bullet live order book, 3 min ago0.21 bp5.6 bp −$610.3 bp −$103doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD−0.0193%1h116.54+0.016%$31.0M$101.1M100xas long as short
Hibachi SOL/USDT-P−0.0184%1h116.62+0.086%$105K$703K20xas long as short
Vest SOL-PERP−0.0095%1h116.51−0.006%$601K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.56+0.037%$1K$8K25xas long as short
Bybit SOLUSDT−0.0004%8h116.42−0.086%$756.3M$1.38B100xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.54+0.017%$42K150xas long as short
dYdX SOL-USD+0.0013%1h116.57+0.041%$4.4M$24.2M20xas long as short
Derive SOL-PERP+0.0032%1h116.47−0.039%$1.9M$2.9M13xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.54+0.018%$7.6M$404.7M50xas long as short
01 Exchange SOLUSD+0.0064%1h116.56+0.034%$99K$174K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet SOL-USDlong+0.0085%1h116.52long leg$147K$1.6M20x
Orderly PERP_SOL_USDC+0.0093%8h116.54+0.015%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h116.58+0.047%$13.1M$60.3M25xas long as short
Lighter RH SOL+0.0096%1h116.55+0.025%$2.2M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h116.54+0.015%$350K$247K20xas long as short
Katana Perps SOL-USD+0.0099%8h116.53+0.008%$61K$895K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h116.59+0.055%$1.0M$551K50xas long as short
Nado SOL-PERP+0.0100%1h116.55+0.027%$5.4M$40.3M40xas long as short
Hyperliquid SOL+0.0100%1h116.63+0.094%$704.1M$394.8M20xas long as short
Aster SOLUSDT+0.0100%8h116.53+0.008%$174.6M$183.2M100xas long as short
Pacifica SOL+0.0100%1h116.59+0.058%$15.8M$130.3M20xas long as short
Binance SOLUSDT+0.0100%8h116.52+0.003%$972.1M$3.82B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.53+0.008%$366.1M$1.69B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.57+0.042%$229K$839K10xas long as short
Arcus SOL-USD+0.0100%1h116.57+0.045%$920K$8.8M20xas long as short
Bulk SOL-USD+0.0100%1h116.75+0.197%$133.5M$19.9M20xas long as short
Gate SOL_USDT+0.0100%8h116.53+0.008%$851.7M$663.6M100xas long as short
MEXC SOL_USDT+0.0100%8h116.55+0.025%$366.5M$1.08B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.53+0.011%$129.0M$223.3M75xas long as short
Bitget SOLUSDT+0.0100%8h116.50−0.016%$480.8M$444.9M100xas long as short
BingX SOL-USDC+0.0100%8h116.49−0.023%$10.6Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.54+0.017%$23.0M$40.0M50xas long as short
Variational Omni SOL+0.0100%8h116.79+0.235%$24.6M$113.4Mas long as short
edgeX SOLUSDC+0.0100%4h116.73+0.183%$93.7M$399.8M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.68+0.136%$47.7M$30.8M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.87+0.300%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.68+0.137%$1.3M$12.6M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.55+0.025%$320K$2.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.55+0.021%$25K$31K25xas long as short
SunX SOL-USDT+0.0100%8h116.520.000%$189K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.53+0.008%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.55+0.022%$225.9M$48.1M75xas long as short
Phemex SOLUSDT+0.0100%8h116.64+0.102%$45.7M$103.2M50xas long as short
Extended SOL-USD+0.0104%1h116.48−0.037%$8.3M$37.7M50xas long as short
Kalshi KXSOLPERP+0.0106%8h116.62+0.086%$1.4M$19.0M3.1xas long as short
Injective SOL/USDC PERP+0.0107%1h116.70+0.154%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.56+0.038%$231.6M500xas long as short
Phoenix SOL+0.0151%1h116.77+0.214%$6.5M$13.8M25xas long as short
Reya SOLRUSDPERP+0.0191%1h116.50−0.014%$1.1M$542K25xas long as short
Deribit SOL_USDC-PERPETUAL+0.0204%1h116.60+0.067%$26.3M$23.3M50xas long as short
BloFin SOL-USDT+0.0220%8h116.59+0.060%$51.9M$67.2M125xas long as short
GMX SOL/USD [SOL-USDC]shortL +0.0235% / S −0.0178%1h116.54+0.013%$3.6M200x
Perpl SOL+0.0335%43m116.62+0.086%$138K$3.7M8.3xas long as short
Aftermath Perps SOLUSD+0.0548%1h116.74+0.190%$25K$51K20xas long as short
RISEx SOL/USDC+0.0561%1h116.61+0.080%$1.9M$4.8M20xas long as short