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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h 0.000%
Price spread now: Bulk against Bybit+0.011%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$270.274% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.005%+$1 on $10k
Price spread, last 7 days−0.027%−$3 · spread now +0.011%, 7d avg +0.004%
Together, before fees−0.022%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.005% in total (about 0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SOLUSDT116.25−0.0098get 0.0098% / 8h2h 59m$745.9M$1.40B100x
ShortBulk SOL-USD116.270.0100get 0.0013% / 1h59m 40s$131.6M$15.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Bybit. 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
$41.53
Price spread: +0.011% → +0.004%
$0.71
Slippage, 4 orders
−$9.45
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$14.78
Costs to cover
0.274%
Break-even
4.5 days
Slippage from Bybit: live order book, 5 min ago; Bulk: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.43 bp5.9 bp −$66.9 bp −$699.1 bp −$90619.2 bp −$9,576
Sell Bulk live order book, 4 min ago4.29 bp7.8 bp −$87.8 bp −$787.8 bp −$7797.8 bp −$3,897

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
Hibachi SOL/USDT-P−0.0232%1h116.32+0.059%$105K$705K20xas long as short
Kraken Futures PF_SOLUSD−0.0194%1h116.31+0.053%$31.6M$103.2M100xas long as short
Vest SOL-PERP−0.0115%1h116.26+0.010%$601K20xas long as short
Bybit SOLUSDTlong−0.0098%8h116.25long leg$745.9M$1.40B100x
Derive SOL-PERP−0.0025%1h116.26+0.004%$1.9M$2.9M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.32+0.058%$42K150xas long as short
01 Exchange SOLUSD0.0000%1h116.35+0.083%$99K$175K20xas long as short
Kalshi KXSOLPERP0.0000%8h116.34+0.075%$1.4M$19.1M3.1xas long as short
dYdX SOL-USD+0.0011%1h116.40+0.126%$4.4M$24.2M20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.30+0.038%$7.6M$404.4M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet SOL-USD+0.0068%1h116.31+0.047%$147K$1.6M20xas long as short
Hotstuff SOL-PERP+0.0080%1h116.37+0.102%$1K$8K25xas long as short
Bitget SOLUSDT+0.0084%8h116.31+0.047%$480.6M$449.1M100xas long as short
Orderly PERP_SOL_USDC+0.0095%8h116.33+0.066%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h116.38+0.108%$13.1M$59.9M25xas long as short
Lighter RH SOL+0.0096%1h116.38+0.112%$2.2M$16.5M25xas long as short
Aevo SOL-PERP+0.0096%1h116.32+0.060%$350K$247K20xas long as short
Katana Perps SOL-USD+0.0099%8h116.30+0.040%$60K$899K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h116.39+0.119%$1.0M$551K50xas long as short
Nado SOL-PERP+0.0100%1h116.30+0.037%$5.3M$40.4M40xas long as short
Aster SOLUSDT+0.0100%8h116.35+0.079%$174.3M$183.3M100xas long as short
Pacifica SOL+0.0100%1h116.41+0.136%$15.8M$130.4M20xas long as short
Binance SOLUSDT+0.0100%8h116.34+0.075%$970.1M$3.84B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.30+0.040%$367.1M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.37+0.101%$214K$865K10xas long as short
Arcus SOL-USD+0.0100%1h116.40+0.130%$918K$8.8M20xas long as short
Bulk SOL-USDshort+0.0100%1h116.27+0.011%$131.6M$15.2M20x
Gate SOL_USDT+0.0100%8h116.38+0.109%$853.2M$656.1M100xas long as short
MEXC SOL_USDT+0.0100%8h116.37+0.101%$373.0M$1.06B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.38+0.108%$123.4M$227.1M75xas long as short
BingX SOL-USDT+0.0100%8h116.34+0.074%$365.3Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.30+0.040%$22.9M$40.0M50xas long as short
Variational Omni SOL+0.0100%8h116.20−0.042%$25.0M$114.2Mas long as short
edgeX SOLUSDC+0.0100%4h116.28+0.022%$93.3M$402.8M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.30+0.040%$47.6M$30.9M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.36+0.090%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.37+0.101%$1.3M$11.9M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.30+0.040%$320K$2.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.31+0.049%$25K$32K25xas long as short
SunX SOL-USDT+0.0100%8h116.33+0.063%$189K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.32+0.058%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.31+0.046%$225.4M$48.3M75xas long as short
Phemex SOLUSDT+0.0100%8h116.33+0.066%$45.3M$103.4M50xas long as short
Hyperliquid SOL+0.0102%1h116.40+0.126%$700.4M$395.8M20xas long as short
Extended SOL-USD+0.0104%1h116.29+0.028%$8.3M$37.9M50xas long as short
Injective SOL/USDC PERP+0.0107%1h116.50+0.212%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.31+0.047%$236.1M500xas long as short
Deribit SOL_USDC-PERPETUAL+0.0143%1h116.37+0.103%$26.2M$23.1M50xas long as short
Phoenix SOL+0.0151%1h116.36+0.092%$6.5M$13.8M25xas long as short
Reya SOLRUSDPERP+0.0192%1h116.28+0.023%$1.1M$542K25xas long as short
BloFin SOL-USDT+0.0220%8h116.35+0.083%$51.8M$67.1M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0235% / S −0.0179%1h116.32+0.057%$3.6M200xas long as short
Perpl SOL+0.0335%43m116.30+0.041%$114K$3.7M8.3xas long as short
RISEx SOL/USDC+0.0547%1h116.44+0.160%$1.9M$4.8M20xas long as short
Aftermath Perps SOLUSD+0.0567%1h116.40+0.127%$25K$52K20xas long as short