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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0020%/8hnext payment +$0.02 per $10,000 · paid last 24h −0.026%
Price spread now: Deribit against Extended+0.083%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$160.159% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.122%−$12 on $10k
Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.083%, 7d avg +0.056%
Together, before fees−0.228%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.027% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SOL-USD117.890.0104pay 0.0013% / 1h6m 17s$8.6M$37.1M50x
ShortDeribit SOL_USDC-PERPETUAL117.990.0124get 0.0015% / 1h6m 17s$26.5M$27.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Extended. 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
$4.18
Price spread: +0.083% → +0.056%
$2.66
Slippage, 4 orders
−$3.94
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$9.09
Costs to cover
0.159%
Break-even
22.2 days
Slippage from Extended: live order book, 2 min ago; Deribit: 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 Extended live order book, 2 min ago0.42 bp2.9 bp −$33.4 bp −$347.2 bp −$717doesn't fit
Sell Deribit live order book, 2 min ago0.68 bp4.4 bp −$45.4 bp −$5424.0 bp −$2,403doesn'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
Injective SOL/USDC PERP−0.0627%1h118.30+0.346%$4K$41K12xas long as short
dYdX SOL-USD−0.0127%1h117.94+0.040%$4.7M$25.3M20xas long as short
Vest SOL-PERP−0.0106%1h117.86−0.026%$731K20xas long as short
Hotstuff SOL-PERP−0.0080%1h117.95+0.046%$836$8K25xas long as short
Derive SOL-PERP−0.0041%1h117.83−0.049%$1.9M$3.0M13xas long as short
Aftermath Perps SOLUSD−0.0009%1h118.06+0.139%$24K$45K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h117.93+0.033%$57K150xas long as short
Kalshi KXSOLPERP0.0000%8h118.07+0.153%$1.3M$20.7M3.1xas long as short
Perpl SOL0.0000%43m117.91+0.015%$166K$4.0M8.3xas long as short
HTX SOL-USDT+0.0036%8h117.84−0.042%$229.8M$41.9M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SOL-USDT+0.0052%8h117.89−0.004%$363.7Mas long as short
Orderly PERP_SOL_USDC+0.0052%8h117.93+0.033%$1.1M$5.6M100xas long as short
KuCoin SOLUSDTM+0.0053%8h117.90+0.008%$140.8M$172.6M75xas long as short
Kraken Futures PF_SOLUSD+0.0061%1h117.92+0.025%$34.1M$84.4M100xas long as short
ApeX Omni SOLUSDT+0.0064%1h118.04+0.125%$1.5M$6.3M50xas long as short
Bitget SOLUSDT+0.0065%8h117.90+0.004%$494.4M$436.8M100xas long as short
Gate SOL_USDT+0.0077%8h117.88−0.011%$855.8M$666.9M100xas long as short
01 Exchange SOLUSD+0.0080%1h117.95+0.049%$114K$133K20xas long as short
OKX SOL-USDT-SWAP+0.0086%8h117.90+0.006%$366.3M$1.66B100xas long as short
Lighter SOL+0.0096%1h117.90+0.003%$13.3M$50.1M25xas long as short
Lighter RH SOL+0.0096%1h117.90+0.006%$2.0M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h117.90+0.004%$350K$748K20xas long as short
Paradex SOL-USD-PERP+0.0097%8h117.87−0.022%$1.0M$437K50xas long as short
Katana Perps SOL-USD+0.0100%8h117.98+0.074%$42K$735K20xas long as short
Nado SOL-PERP+0.0100%1h117.87−0.016%$5.5M$39.6M40xas long as short
Hyperliquid SOL+0.0100%1h118.00+0.091%$710.3M$424.7M20xas long as short
Aster SOLUSDT+0.0100%8h117.88−0.011%$178.0M$169.5M100xas long as short
Pacifica SOL+0.0100%1h117.94+0.043%$13.3M$106.7M20xas long as short
Binance SOLUSDT+0.0100%8h117.89−0.002%$965.2M$3.64B100xas long as short
Bybit SOLUSDT+0.0100%8h117.89+0.001%$813.9M$1.23B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.88−0.011%$233K$854K10xas long as short
Arcus SOL-USD+0.0100%1h117.93+0.033%$2.0M$8.9M20xas long as short
Bulk SOL-USD+0.0100%1h118.05+0.134%$131.0M$16.2M20xas long as short
MEXC SOL_USDT+0.0100%8h117.87−0.019%$481.8M$1.06B300xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.97+0.066%$24.1M$37.3M50xas long as short
Variational Omni SOL+0.0100%8h117.99+0.087%$28.0M$118.5Mas long as short
edgeX SOLUSDC+0.0100%4h118.05+0.135%$94.8M$384.6M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.04+0.127%$48.3M$32.6M20xas long as short
StandX SOL-USD+0.0100%1h118.00+0.091%$1.4M$13.1M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.91+0.015%$358K$2.3M20xas long as short
Bullet SOL-USD+0.0100%1h117.89−0.006%$199K$1.8M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.92+0.023%$37K$14K25xas long as short
SunX SOL-USDT+0.0100%8h117.890.000%$191K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h117.88−0.011%$6.2M$10.9M20xas long as short
Phemex SOLUSDT+0.0100%8h117.93+0.032%$45.9M$95.9M50xas long as short
Extended SOL-USDlong+0.0104%1h117.89long leg$8.6M$37.1M50x
Coinbase International SOL-PERP-INTX+0.0104%1h117.95+0.047%$7.8M$398.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0048%1h117.92+0.023%$206.8M500xas long as short
Deribit SOL_USDC-PERPETUALshort+0.0124%1h117.99+0.083%$26.5M$27.1M50x
Hibachi SOL/USDT-P+0.0144%1h118.04+0.128%$121K$562K20xas long as short
Phoenix SOL+0.0149%1h118.13+0.202%$7.3M$11.4M25xas long as short
GMX SOL/USD [SOL-USDC]L +0.0172% / S −0.0074%1h117.93+0.030%$3.7M200xas long as short
Reya SOLRUSDPERP+0.0180%1h117.88−0.012%$1.1M$534K25xas long as short
RISEx SOL/USDC+0.0185%1h117.96+0.056%$1.6M$6.5M20xas long as short
BloFin SOL-USDT+0.0220%8h117.95+0.049%$51.7M$90.2M125xas long as short