Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.001%

Price spread now: Bybit against Coinbase International+0.003%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now +0.003%, 7d avg −0.012%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	116.61	0.0064	pay 0.0008% / 1h	44m 56s	$7.5M	$404.3M	50x
Short	Bybit SOLUSDT	116.61	0.0100	get 0.0100% / 8h	4h 44m	$788.9M	$1.33B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BybitbpOrdersPrice spread, now +0.003%Rate

Funding earned: $7.56
Price spread: +0.003% → −0.012%: $1.54
Slippage, 4 orders: −$2.31
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$14.21
Costs to cover: 0.233%
Break-even: 20.2 days

Slippage from Coinbase International: live order book, 4 min ago; Bybit: live order book, 4 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 Coinbase International live order book, 4 min ago	0.04 bp	5.5 bp −$5	9.3 bp −$93	15.5 bp −$1,548	doesn't fit
Sell Bybit live order book, 4 min ago	0.43 bp	5.9 bp −$6	5.9 bp −$59	14.0 bp −$1,401	32.1 bp −$16.1K

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
Vest SOL-PERP	−0.0087%	1h	116.56	−0.039%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.51	−0.079%	$911	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0048%	1h	116.55	−0.045%	$103K	$700K	20x	as long as short
Derive SOL-PERP	−0.0016%	1h	116.56	−0.040%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.64	+0.029%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.52	−0.070%	$1.4M	$18.7M	3.1x	as long as short
dYdX SOL-USD	0.0000%	1h	116.55	−0.049%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.65	+0.038%	$99K	$169K	20x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0064%	1h	116.61	long leg	$7.5M	$404.3M	50x
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.61	+0.004%	$31.0M	$100.4M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0090%	1h	116.65	+0.036%	$26.3M	$25.3M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.65	+0.036%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.62	+0.009%	$13.1M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.60	−0.002%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.60	−0.001%	$342K	$236K	20x	as long as short
Katana Perps SOL-USD	+0.0098%	8h	116.57	−0.031%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.64	+0.032%	$988K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.54	−0.055%	$5.5M	$39.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.68	+0.063%	$706.5M	$395.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.62	+0.012%	$175.2M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.62	+0.008%	$15.7M	$129.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.64	+0.031%	$965.5M	$3.77B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	116.61	+0.003%	$788.9M	$1.33B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	116.67	+0.055%	$366.2M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	−0.082%	$232K	$851K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.55	−0.045%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.66	+0.044%	$133.8M	$20.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.62	+0.012%	$846.2M	$655.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.64	+0.029%	$416.5M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.62	+0.010%	$126.4M	$217.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.63	+0.018%	$479.1M	$441.0M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.61	+0.006%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.62	+0.012%	$23.3M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.49	−0.097%	$24.4M	$114.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.46	−0.122%	$93.5M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.48	−0.107%	$47.6M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.58	−0.026%	$1.2M	$6.5M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.58	−0.022%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.62	+0.012%	$322K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.62	+0.014%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.59	−0.014%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.63	+0.021%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.60	−0.005%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.60	−0.002%	$226.3M	$46.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.57	−0.031%	$45.6M	$101.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.61	0.000%	$7.9M	$36.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.59	−0.010%	—	$228.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.039%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.52	−0.074%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.61	+0.006%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.63	+0.021%	$51.7M	$71.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.63	+0.024%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.62	+0.011%	$141K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0497%	1h	116.68	+0.064%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.70	+0.080%	$1.9M	$4.9M	20x	as long as short