Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h 0.000%

Price spread now: Pacifica against Bybit+0.028%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.028%, 7d avg +0.013%

Together, before fees+0.003%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	116.39	0.0075	pay 0.0075% / 8h	7h 56m	$732.0M	$1.42B	100x
Short	Pacifica SOL	116.43	0.0100	get 0.0013% / 1h	56m 57s	$15.7M	$130.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee BybitbpFee PacificabpOrdersPrice spread, now +0.028%Rate

Funding earned: $5.18
Price spread: +0.028% → +0.013%: $1.52
Slippage, 4 orders: −$2.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$14.68
Costs to cover: 0.214%
Break-even: 26.8 days

Slippage from Bybit: live order book, 2 min ago; Pacifica: live order book, 2 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 Bybit live order book, 2 min ago	0.43 bp	6.6 bp −$7	7.2 bp −$72	11.0 bp −$1,100	21.3 bp −$10.7K
Sell Pacifica live order book, 2 min ago	0.43 bp	4.4 bp −$4	5.0 bp −$50	doesn't fit	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
Phemex SOLUSDT	−0.0571%	8h	116.44	+0.039%	$45.3M	$103.9M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.33	−0.057%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.46	+0.053%	$32.3M	$106.8M	100x	as long as short
Vest SOL-PERP	−0.0019%	1h	116.37	−0.018%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.45	+0.049%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.41	+0.013%	$4.3M	$23.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.40	+0.003%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.39	0.000%	$99K	$3.4M	8.3x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.38	−0.012%	$1.9M	$3.0M	13x	as long as short
Bitget SOLUSDT	+0.0024%	8h	116.43	+0.032%	$480.6M	$456.5M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0032%	1h	116.28	−0.095%	$102K	$678K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.45	+0.047%	$7.8M	$397.1M	50x	as long as short
Aster SOLUSDT	+0.0053%	8h	116.39	−0.008%	$176.9M	$169.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0070%	8h	116.44	+0.042%	$1.0M	$6.0M	100x	as long as short
Bybit SOLUSDTlong	+0.0075%	8h	116.39	long leg	$732.0M	$1.42B	100x
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	116.49	+0.084%	$26.2M	$22.0M	50x	as long as short
Lighter SOL	+0.0096%	1h	116.44	+0.039%	$13.1M	$55.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.41	+0.009%	$2.1M	$14.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.43	+0.026%	$351K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0096%	8h	116.44	+0.038%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.41	+0.013%	$64K	$903K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.35	−0.039%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.54	+0.125%	$695.9M	$409.5M	20x	as long as short
Pacifica SOLshort	+0.0100%	1h	116.43	+0.028%	$15.7M	$130.3M	20x
Binance SOLUSDT	+0.0100%	8h	116.45	+0.047%	$963.8M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.43	+0.030%	$366.5M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.37	−0.021%	$217K	$855K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.44	+0.040%	$920K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.33	−0.059%	$125.6M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.43	+0.030%	$846.2M	$604.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.44	+0.039%	$372.4M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.41	+0.013%	$129.5M	$236.9M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.44	+0.039%	—	$373.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.45	+0.047%	$22.9M	$35.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.15	−0.211%	$24.8M	$107.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.23	−0.139%	$93.4M	$404.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.27	−0.109%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.27	−0.105%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.32	−0.064%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.46	+0.056%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.46	+0.054%	$281K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.44	+0.035%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.43	+0.029%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.42	+0.021%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.40	+0.004%	$225.4M	$50.6M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.41	+0.012%	$8.2M	$36.7M	50x	as long as short
01 Exchange SOLUSD	+0.0120%	1h	116.48	+0.073%	$100K	$181K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.26	−0.119%	—	$232.2M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.35	−0.039%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.047%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.39	−0.007%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.45	+0.047%	$52.1M	$64.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.44	+0.043%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0423%	1h	116.32	−0.066%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.51	+0.103%	$2.1M	$4.7M	20x	as long as short