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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h 0.000%
Price spread now: Arcus against Coinbase International−0.047%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$160.163% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.010%−$1 on $10k
Price spread, last 4 days (all we have)+0.514%+$51 · spread now −0.047%, 7d avg +0.015%
Together, before fees+0.504%+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. Arcus is 0.062% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.015%). If the spread goes back, that is −$6 on $10k: about 5.7 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SOL-PERP-INTX117.620.0064pay 0.0008% / 1h32m 56s$8.0M$404.2M50x
ShortArcus SOL-USD117.570.0100get 0.0013% / 1h32m 56s$2.0M$9.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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
$7.56
Price spread: −0.047% → +0.015%
−$6.19
Slippage, 4 orders
−$1.8
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$14.92
Costs to cover
0.163%
Break-even
20.8 days
Slippage from Coinbase International: live order book, 1 min ago; Arcus: live order book, 1 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 Coinbase International live order book, 1 min ago0.04 bp5.0 bp −$57.2 bp −$7215.1 bp −$1,511doesn't fit
Sell Arcus live order book, 1 min ago0.25 bp3.4 bp −$34.1 bp −$41134.0 bp −$13.4Kdoesn'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
Hotstuff SOL-PERP−0.0080%1h117.60−0.018%$920$8K25xas long as short
Vest SOL-PERP−0.0062%1h117.51−0.097%$605K20xas long as short
Kraken Futures PF_SOLUSD−0.0055%1h117.61−0.011%$31.7M$98.4M100xas long as short
Derive SOL-PERP−0.0010%1h117.52−0.091%$1.9M$2.9M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h117.61−0.013%$56K150xas long as short
dYdX SOL-USD0.0000%1h117.51−0.099%$4.5M$24.1M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.59−0.030%$1.4M$19.3M3.1xas long as short
01 Exchange SOLUSD+0.0056%1h117.58−0.037%$100K$163K20xas long as short
Hibachi SOL/USDT-P+0.0064%1h117.50−0.107%$104K$695K20xas long as short
Coinbase International SOL-PERP-INTXlong+0.0064%1h117.62long leg$8.0M$404.2M50x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SOL_USDC-PERPETUAL+0.0066%1h117.65+0.020%$26.4M$24.9M50xas long as short
BingX SOL-USDT+0.0070%8h117.61−0.007%$362.8Mas long as short
HTX SOL-USDT+0.0081%8h117.39−0.197%$228.0M$45.5M75xas long as short
Orderly PERP_SOL_USDC+0.0089%8h117.61−0.014%$1.0M$5.8M100xas long as short
Lighter SOL+0.0096%1h117.61−0.011%$13.1M$59.4M25xas long as short
Lighter RH SOL+0.0096%1h117.60−0.022%$2.1M$16.3M25xas long as short
Aevo SOL-PERP+0.0096%1h117.60−0.019%$345K$226K20xas long as short
Katana Perps SOL-USD+0.0100%8h117.53−0.079%$65K$839K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.61−0.011%$1.0M$516K50xas long as short
Nado SOL-PERP+0.0100%1h117.51−0.096%$5.8M$39.1M40xas long as short
Aster SOLUSDT+0.0100%8h117.63+0.006%$176.4M$178.9M100xas long as short
Pacifica SOL+0.0100%1h117.59−0.024%$14.5M$128.2M20xas long as short
Binance SOLUSDT+0.0100%8h117.60−0.020%$967.3M$3.72B100xas long as short
Bybit SOLUSDT+0.0100%8h117.61−0.009%$825.2M$1.25B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.58−0.037%$366.7M$1.63B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.51−0.096%$237K$852K10xas long as short
Arcus SOL-USDshort+0.0100%1h117.57−0.047%$2.0M$9.0M20x
Bulk SOL-USD+0.0100%1h117.44−0.154%$135.1M$16.1M20xas long as short
Gate SOL_USDT+0.0100%8h117.60−0.020%$859.1M$649.1M100xas long as short
MEXC SOL_USDT+0.0100%8h117.61−0.011%$426.2M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.61−0.010%$130.0M$212.4M75xas long as short
Bitget SOLUSDT+0.0100%8h117.58−0.034%$487.3M$432.9M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.62−0.003%$23.7M$37.0M50xas long as short
Variational Omni SOL+0.0100%8h117.44−0.154%$24.3M$116.2Mas long as short
edgeX SOLUSDC+0.0100%4h117.39−0.199%$94.3M$399.5M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.46−0.135%$48.1M$28.5M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h117.45−0.145%$1.5M$5.9M50xas long as short
StandX SOL-USD+0.0100%1h117.42−0.173%$1.3M$13.5M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.60−0.020%$353K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h117.59−0.024%$200K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.59−0.028%$25K$28K25xas long as short
SunX SOL-USDT+0.0100%8h117.50−0.104%$191K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.61−0.011%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.61−0.011%$45.8M$100.2M50xas long as short
Extended SOL-USD+0.0104%1h117.56−0.057%$8.2M$36.1M50xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.53−0.079%$218.8M500xas long as short
Phoenix SOL+0.0129%1h117.65+0.023%$6.5M$13.4M25xas long as short
RISEx SOL/USDC+0.0136%1h117.66+0.028%$1.9M$4.9M20xas long as short
Hyperliquid SOL+0.0170%1h117.73+0.091%$719.3M$392.3M20xas long as short
Reya SOLRUSDPERP+0.0190%1h117.59−0.032%$1.1M$526K25xas long as short
Injective SOL/USDC PERP+0.0218%1h117.38−0.207%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h117.60−0.020%$51.8M$71.4M125xas long as short
Perpl SOL+0.0223%43m117.60−0.021%$127K$3.8M8.3xas long as short
GMX SOL/USD [SOL-USDC]L +0.0232% / S −0.0170%1h117.60−0.023%$3.6M200xas long as short
Aftermath Perps SOLUSD+0.0390%1h117.44−0.158%$25K$51K20xas long as short