Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h 0.000%

Price spread now: 01 Exchange against Bybit+0.110%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Bybit Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.110%, 7d avg +0.029%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. 01 Exchange is 0.081% dearer against Bybit than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.029%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	117.39	0.0100	pay 0.0100% / 8h	5h 58m	$820.1M	$1.25B	100x
Short	01 Exchange SOLUSD	117.52	0.0040	get 0.0005% / 1h	58m 15s	$100K	$162K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.110%Rate

Funding earned: −$12.6
Price spread: +0.110% → +0.029%: $8.06
Slippage, 4 orders: −$6.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$29.16
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; 01 Exchange: live order book, 6 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, 1 min ago	0.43 bp	5.9 bp −$6	7.1 bp −$71	10.8 bp −$1,080	22.2 bp −$11.1K
Sell 01 Exchange live order book, 6 min ago	0.43 bp	6.2 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit

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	117.59	+0.174%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0057%	1h	117.41	+0.019%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.43	+0.035%	$31.5M	$98.4M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.43	+0.033%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.51	+0.101%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.56	+0.144%	$1.4M	$20.1M	3.1x	as long as short
Derive SOL-PERP	+0.0009%	1h	117.36	−0.025%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0035%	8h	117.34	−0.041%	$228.1M	$45.4M	75x	as long as short
01 Exchange SOLUSDshort	+0.0040%	1h	117.52	+0.110%	$100K	$162K	20x
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.44	+0.045%	$8.0M	$403.1M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0068%	1h	117.47	+0.072%	$26.4M	$25.4M	50x	as long as short
Lighter SOL	+0.0072%	1h	117.43	+0.033%	$13.1M	$58.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.55	+0.135%	$100K	$690K	20x	as long as short
Gate SOL_USDT	+0.0080%	8h	117.42	+0.025%	$849.3M	$640.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.43	+0.032%	—	$362.7M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.44	+0.043%	$1.0M	$5.8M	100x	as long as short
Lighter RH SOL	+0.0096%	1h	117.42	+0.021%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.44	+0.039%	$344K	$225K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.55	+0.137%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.49	+0.084%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.44	+0.046%	$5.8M	$40.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.44	+0.039%	$176.2M	$177.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.55	+0.131%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.41	+0.020%	$968.0M	$3.74B	100x	as long as short
Bybit SOLUSDTlong	+0.0100%	8h	117.39	long leg	$820.1M	$1.25B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	117.36	−0.026%	$366.0M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.37	−0.018%	$238K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.51	+0.104%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.44	+0.042%	$422.7M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.54	+0.125%	$130.5M	$211.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.42	+0.021%	$486.7M	$434.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.55	+0.135%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	+0.054%	$24.3M	$120.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.44	+0.038%	$94.3M	$405.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	+0.029%	$48.1M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.44	+0.042%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.53	+0.118%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.46	+0.059%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.42	+0.028%	$201K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.42	+0.024%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.43	+0.033%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.43	+0.033%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.42	+0.025%	$45.7M	$100.4M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	+0.055%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	+0.118%	$6.5M	$13.2M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.41	+0.014%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.55	+0.133%	—	$221.7M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.55	+0.139%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0180%	1h	117.54	+0.127%	$717.2M	$395.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.41	+0.014%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.45	+0.050%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	117.42	+0.024%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0362%	1h	117.51	+0.099%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.57	+0.150%	$128K	$3.8M	8.3x	as long as short