Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:38 UTC+0.0347%/8h= +37.9% APRpaid last 24h −0.027%

Price spread now: Perpl against Bullet+0.051%7-day average −0.044% · you sell dearer than you buy

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

Long on Bullet Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.195%−$20 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.051%, 7d avg −0.044%

Together, before fees−0.215%+ Points / potential airdropPerpl: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Perpl is 0.095% dearer against Bullet than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.044%. Mind the row above: over the last 3 days funding on this pair cost −0.195%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	117.57	0.0100	pay 0.0013% / 1h	20m 24s	$201K	$1.7M	20x
Short	Perpl SOL	117.63	0.0447	get 0.0040% / 43m	25m 24s	$129K	$3.9M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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

Position, each leg$Hold fordaysFee BulletbpFee PerplbpOrdersPrice spread, now +0.051%Rate

Funding earned: $72.77
Price spread: +0.051% → −0.044%: $9.49
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $60.46
Costs to cover: 0.218%
Break-even: 1.2 days

Slippage unknown: Bullet: live order book, 4 min ago; Perpl: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bullet live order book, 4 min ago	0.21 bp	5.3 bp −$5	8.8 bp −$88	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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 54 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	117.76	+0.165%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0066%	1h	117.57	−0.003%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0027%	1h	117.51	−0.052%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0008%	1h	117.78	+0.181%	$100K	$691K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.58	+0.008%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.66	+0.073%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.84	+0.230%	$1.4M	$20.9M	3.1x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.61	+0.038%	$2.0M	$4.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0030%	1h	117.91	+0.290%	$1.5M	$6.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0039%	1h	117.60	+0.027%	$26.4M	$25.5M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.55	−0.017%	$31.5M	$98.8M	100x	as long as short
HTX SOL-USDT	+0.0051%	8h	117.54	−0.028%	$228.4M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0057%	8h	117.58	+0.008%	$851.3M	$663.3M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.58	+0.008%	$8.0M	$408.7M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.59	+0.019%	—	$369.3M	—	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	117.59	+0.020%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.61	+0.038%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.60	+0.023%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.62	+0.042%	$103K	$159K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.56	−0.011%	$344K	$258K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.64	+0.056%	$1.0M	$519K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.56	−0.009%	$64K	$855K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.62	+0.042%	$5.7M	$41.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.56	−0.007%	$176.4M	$179.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.65	+0.068%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.57	0.000%	$969.1M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.59	+0.017%	$819.9M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.58	+0.008%	$365.2M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.61	+0.034%	$239K	$891K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.61	+0.035%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.00	+0.365%	$135.1M	$14.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.57	0.000%	$425.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.58	+0.007%	$131.2M	$210.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.55	−0.020%	$486.8M	$441.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.70	+0.110%	$23.8M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.74	+0.147%	$24.4M	$122.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.93	+0.309%	$94.7M	$404.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.96	+0.333%	$48.3M	$28.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.96	+0.332%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.58	+0.008%	$353K	$2.4M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	117.57	long leg	$201K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	117.58	+0.013%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.60	+0.023%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.56	−0.009%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.56	−0.009%	$45.8M	$101.4M	50x	as long as short
Phoenix SOL	+0.0101%	1h	118.11	+0.459%	$6.5M	$13.5M	25x	as long as short
Hyperliquid SOL	+0.0103%	1h	117.69	+0.106%	$719.6M	$400.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.52	−0.040%	$8.1M	$36.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.59	+0.015%	—	$226.2M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.56	−0.008%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.255%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.57	+0.002%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0338%	1h	117.86	+0.246%	$25K	$51K	20x	as long as short
Perpl SOLshort	+0.0447%	43m	117.63	+0.051%	$129K	$3.9M	8.3x