Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.019%

Price spread now: Polymarket Perps against Bybit+0.060%47s7-day average 0.000% · you sell dearer than you buy

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

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days−0.098%−$10 · spread now +0.060%, 7d avg 0.000%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.060% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	116.44	0.0046	pay 0.0046% / 8h	7h 44m	$732.3M	$1.40B	100x
Short	Polymarket Perps SOL-USD	116.51	0.0100	get 0.0013% / 1h	44m 44s	$319K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.060%Rate

Funding earned: $11.38
Price spread: +0.060% → 0.000%: $5.97
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$1.65
Costs to cover: 0.190%
Break-even: 8.0 days

Slippage unknown: Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 14 min ago. 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 Bybit live order book, 4 min ago	0.43 bp	6.2 bp −$6	7.0 bp −$70	10.4 bp −$1,040	22.6 bp −$11.3K
Sell Polymarket Perps live order book, 14 min ago	14.19 bp	1407.5 bp −$1,408	doesn't fit	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	−0.0122%	8h	116.50	+0.052%	$45.3M	$103.3M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.51	+0.058%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.49	+0.047%	$32.3M	$106.2M	100x	as long as short
Vest SOL-PERP	−0.0008%	1h	116.47	+0.029%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.48	+0.032%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.54	+0.087%	$4.3M	$23.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.56	+0.104%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.48	+0.034%	$99K	$3.4M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0003%	1h	116.53	+0.077%	$26.2M	$21.8M	50x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.38	−0.051%	$1.9M	$3.0M	13x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0026%	8h	116.46	+0.015%	$480.5M	$453.1M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.51	+0.058%	$7.8M	$395.0M	50x	as long as short
Bybit SOLUSDTlong	+0.0046%	8h	116.44	long leg	$732.3M	$1.40B	100x
Aster SOLUSDT	+0.0054%	8h	116.47	+0.022%	$177.2M	$169.1M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0069%	8h	116.47	+0.027%	$1.0M	$6.0M	100x	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	116.54	+0.089%	$102K	$681K	20x	as long as short
Lighter SOL	+0.0096%	1h	116.47	+0.027%	$13.1M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.46	+0.019%	$2.2M	$14.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.46	+0.018%	$351K	$255K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.49	+0.044%	$1.0M	$555K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.43	−0.009%	$64K	$902K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.47	+0.027%	$5.4M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.59	+0.129%	$696.8M	$407.0M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.51	+0.064%	$15.7M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.46	+0.018%	$962.8M	$3.84B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.45	+0.009%	$366.6M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.47	+0.026%	$219K	$851K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.49	+0.046%	$920K	$8.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.49	+0.043%	$849.3M	$608.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.47	+0.026%	$374.0M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.47	+0.027%	$129.8M	$236.9M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.48	+0.031%	—	$372.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.48	+0.034%	$22.9M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.47	+0.022%	$24.9M	$105.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.42	−0.017%	$93.5M	$405.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.45	+0.009%	$47.6M	$28.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.51	+0.058%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.48	+0.034%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USDshort	+0.0100%	1h	116.51	+0.060%	$319K	$2.8M	20x
Bullet SOL-USD	+0.0100%	1h	116.49	+0.041%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.08	+0.554%	$27K	$37K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.45	+0.009%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.46	+0.017%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.45	+0.007%	$225.5M	$50.6M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	+0.009%	$126.0M	$25.6M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.42	−0.018%	$8.3M	$36.5M	50x	as long as short
01 Exchange SOLUSD	+0.0120%	1h	116.51	+0.060%	$100K	$181K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.53	+0.078%	—	$231.0M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.60	+0.137%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.086%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.45	+0.005%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.46	+0.017%	$52.1M	$64.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.48	+0.032%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0413%	1h	116.48	+0.038%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.52	+0.069%	$2.1M	$4.8M	20x	as long as short