Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0045%/8h= +5.0% APRpaid last 24h −0.008%

Price spread now: Orderly against Coinbase International−0.003%7-day average −0.010% · you buy dearer than you sell

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

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.003%, 7d avg −0.010%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, 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 −0.053%, 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	116.72	0.0048	pay 0.0006% / 1h	28m 42s	$7.6M	$405.2M	50x
Short	Orderly PERP_SOL_USDC	116.72	0.0093	get 0.0093% / 8h	3h 28m	$1.0M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.003%Rate

Funding earned: $9.5
Price spread: −0.003% → −0.010%: $0.69
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.82
Costs to cover: 0.160%
Break-even: 11.3 days

Slippage unknown: Coinbase International: live order book, 5 min ago; Orderly: no order-book sample. 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 Coinbase International live order book, 5 min ago	0.04 bp	5.4 bp −$5	8.1 bp −$81	16.3 bp −$1,634	65.1 bp −$32.6K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.71	−0.009%	$31.0M	$101.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0168%	1h	116.82	+0.082%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0091%	1h	116.70	−0.023%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.93	+0.174%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.74	+0.011%	$42K	—	150x	as long as short
Bybit SOLUSDT	+0.0006%	8h	116.54	−0.156%	$758.2M	$1.38B	100x	as long as short
dYdX SOL-USD	+0.0011%	1h	116.69	−0.030%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.65	−0.066%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0048%	1h	116.72	long leg	$7.6M	$405.2M	50x
01 Exchange SOLUSD	+0.0072%	1h	116.75	+0.023%	$99K	$174K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDCshort	+0.0093%	8h	116.72	−0.003%	$1.0M	$5.9M	100x
Lighter SOL	+0.0096%	1h	116.68	−0.033%	$13.1M	$60.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.68	−0.037%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.71	−0.010%	$350K	$246K	20x	as long as short
Bullet SOL-USD	+0.0098%	1h	116.71	−0.008%	$147K	$1.6M	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.63	−0.080%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.66	−0.055%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.74	+0.015%	$5.5M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.80	+0.066%	$705.1M	$394.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.66	−0.052%	$174.8M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.72	−0.006%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.68	−0.041%	$973.9M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.64	−0.071%	$366.8M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.69	−0.028%	$229K	$842K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.71	−0.012%	$921K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.023%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.67	−0.045%	$852.6M	$663.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.69	−0.028%	$367.1M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.66	−0.052%	$129.2M	$223.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.65	−0.064%	$481.4M	$444.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.62	−0.088%	—	$365.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.67	−0.045%	$23.0M	$39.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.79	+0.061%	$24.6M	$113.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.77	+0.039%	$93.7M	$400.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.90	+0.152%	$47.8M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	+0.126%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.80	+0.066%	$1.3M	$12.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.71	−0.011%	$321K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.71	−0.010%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.70	−0.019%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.72	−0.003%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.68	−0.040%	$226.1M	$48.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.74	+0.015%	$45.7M	$103.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.59	−0.110%	$8.3M	$37.6M	50x	as long as short
Kalshi KXSOLPERP	+0.0105%	8h	116.75	+0.025%	$1.5M	$19.0M	3.1x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.99	+0.229%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.78	+0.045%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.89	+0.143%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0162%	1h	116.76	+0.036%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.69	−0.025%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.71	−0.011%	$52.0M	$67.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.73	+0.002%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.80	+0.069%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0541%	1h	116.86	+0.120%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.73	+0.008%	$1.9M	$4.8M	20x	as long as short