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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0595%/8h= +65.1% APRpaid last 24h +0.041%
Price spread now: RISEx against Bybit+0.060%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$200.203% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.121%+$12 on $10k
Price spread, last 7 days−0.069%−$7 · spread now +0.060%, 7d avg −0.002%
Together, before fees+0.052%+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and RISEx is 0.062% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.002%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.121% in total (about 11.9% 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 SOLUSDT116.27−0.0110get 0.0110% / 8h36m 33s$735.4M$1.43B100x
ShortRISEx SOL/USDC116.340.0485get 0.0061% / 1h36m 33s$2.1M$4.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$124.87
Price spread: +0.060% → −0.002%
$6.19
Slippage, 4 orders
−$3.28
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee RISEx: 3 bp × 2 orders
−$6
Net
$110.78
Costs to cover
0.203%
Break-even
0.8 days
Slippage from Bybit: live order book, 3 min ago; RISEx: live order book, 2 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, 3 min ago0.43 bp6.5 bp −$67.3 bp −$7312.0 bp −$1,19625.4 bp −$12.7K
Sell RISEx live order book, 2 min ago0.04 bp4.8 bp −$57.6 bp −$76doesn't fitdoesn't fit

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−0.0153%1h116.33+0.054%$32.4M$106.4M100xas long as short
Hibachi SOL/USDT-P−0.0144%1h116.48+0.178%$96K$684K20xas long as short
Bybit SOLUSDTlong−0.0110%8h116.27long leg$735.4M$1.43B100x
Derive SOL-PERP−0.0081%1h116.30+0.025%$1.8M$3.0M13xas long as short
Hotstuff SOL-PERP−0.0080%1h116.34+0.061%$1K$8K25xas long as short
Injective SOL/USDC PERP−0.0055%1h116.85+0.498%$4K$2K12xas long as short
Vest SOL-PERP−0.0050%1h116.34+0.058%$633K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.35+0.067%$42K150xas long as short
Kalshi KXSOLPERP0.0000%8h116.40+0.115%$1.5M$19.3M3.1xas long as short
Perpl SOL0.0000%43m116.34+0.063%$106K$3.5M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SOL-USD+0.0006%1h116.36+0.074%$4.3M$23.5M20xas long as short
SoDEX SOL-USD+0.0008%1h116.30+0.025%$6.1M$11.0M20xas long as short
Bitget SOLUSDT+0.0024%8h116.25−0.015%$479.7M$458.1M100xas long as short
01 Exchange SOLUSD+0.0048%1h116.29+0.016%$98K$180K20xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.33+0.046%$7.9M$400.7M50xas long as short
Aster SOLUSDT+0.0055%8h116.29+0.016%$176.7M$168.8M100xas long as short
Lighter RH SOL+0.0056%1h116.28+0.011%$2.1M$16.7M25xas long as short
Orderly PERP_SOL_USDC+0.0074%8h116.31+0.030%$1.0M$5.9M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0078%1h116.38+0.095%$26.4M$22.0M50xas long as short
Paradex SOL-USD-PERP+0.0092%8h116.27+0.001%$1.0M$554K50xas long as short
Lighter SOL+0.0096%1h116.31+0.031%$13.1M$60.5M25xas long as short
Aevo SOL-PERP+0.0096%1h116.34+0.056%$350K$256K20xas long as short
Gate SOL_USDT+0.0098%8h116.28+0.008%$845.4M$663.0M100xas long as short
Katana Perps SOL-USD+0.0100%8h116.25−0.018%$64K$913K20xas long as short
Nado SOL-PERP+0.0100%1h116.29+0.017%$5.4M$41.5M40xas long as short
Hyperliquid SOL+0.0100%1h116.43+0.136%$702.1M$405.9M20xas long as short
Pacifica SOL+0.0100%1h116.35+0.068%$15.7M$130.3M20xas long as short
Binance SOLUSDT+0.0100%8h116.25−0.018%$963.4M$3.87B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.29+0.016%$368.0M$1.77B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.34+0.059%$217K$830K10xas long as short
Arcus SOL-USD+0.0100%1h116.28+0.003%$890K$8.5M20xas long as short
MEXC SOL_USDT+0.0100%8h116.29+0.016%$369.1M$1.06B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.30+0.025%$132.0M$234.0M75xas long as short
BingX SOL-USDC+0.0100%8h116.22−0.042%$10.7Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.36+0.077%$23.0M$35.9M50xas long as short
Variational Omni SOL+0.0100%8h116.64+0.319%$25.0M$108.6Mas long as short
edgeX SOLUSDC+0.0100%4h116.49+0.191%$93.5M$405.6M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.54+0.231%$47.7M$29.0M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.72+0.386%$1.2M$6.8M50xas long as short
StandX SOL-USD+0.0100%1h116.37+0.085%$1.3M$11.6M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.32+0.042%$314K$2.8M20xas long as short
Bullet SOL-USD+0.0100%1h116.34+0.059%$248K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.33+0.052%$26K$36K25xas long as short
SunX SOL-USDT+0.0100%8h116.30+0.028%$189K$1.8M30xas long as short
HTX SOL-USDT+0.0100%8h116.29+0.016%$225.1M$50.5M75xas long as short
Phemex SOLUSDT+0.0100%8h116.32+0.042%$45.2M$104.5M50xas long as short
Bulk SOL-USD+0.0100%1h116.55+0.240%$126.1M$26.3M20xas long as short
Extended SOL-USD+0.0104%1h116.23−0.037%$8.2M$37.4M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0056%1h116.35+0.064%$233.8M500xas long as short
Phoenix SOL+0.0130%1h116.76+0.421%$6.5M$13.6M25xas long as short
Reya SOLRUSDPERP+0.0195%1h116.29+0.012%$1.1M$545K25xas long as short
BloFin SOL-USDT+0.0220%8h116.27−0.001%$51.8M$65.8M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0231% / S −0.0169%1h116.34+0.060%$3.5M200xas long as short
Aftermath Perps SOLUSD+0.0480%1h116.60+0.285%$25K$57K20xas long as short
RISEx SOL/USDCshort+0.0485%1h116.34+0.060%$2.1M$4.8M20x