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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:46 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.107%
Price spread now: Perpl against Hibachi+0.080%7-day average −0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.246%−$25 on $10k
Price spread, last 3 days (all we have)−0.243%−$24 · spread now +0.080%, 7d avg −0.056%
Together, before fees−0.488%+ Points / potential airdropHibachi: Active · Perpl: Active · farm board−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.136% dearer against Hibachi than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of −0.056%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi SOL/USDT-P119.060.0072pay 0.0009% / 1h5m 57s$119K$607K20x
ShortPerpl SOL119.160get 0.0000% / 43m18m 57s$177K$4.0M8.3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl against Hibachi. 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
−$15.12
Price spread: +0.080% → −0.056%
$13.61
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$24.31
Costs to cover
0.228%
Break-even
never at this rate
Slippage unknown: Hibachi: live order book, 13 min ago; Perpl: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi live order book, 13 min ago0.84 bp6.6 bp −$717.3 bp −$173doesn't fitdoesn't fit
Sell Perpl no order-book sample
Perpl: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERP−0.0219%1h119.18+0.100%$37K$17K25xas long as short
Hotstuff SOL-PERP−0.0080%1h119.16+0.077%$845$8K25xas long as short
Vest SOL-PERP−0.0063%1h119.11+0.035%$723K20xas long as short
Derive SOL-PERP−0.0052%1h119.10+0.029%$2.0M$2.8M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0006% / S +0.0004%1h119.19+0.103%$115K150xas long as short
dYdX SOL-USD−0.0001%1h119.14+0.066%$4.9M$27.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h119.19+0.105%$1.2M$20.7M3.1xas long as short
Perpl SOLshort0.0000%43m119.16+0.080%$177K$4.0M8.3x
Phoenix SOL+0.0054%1h118.90−0.138%$6.5M$13.6M25xas long as short
Orderly PERP_SOL_USDC+0.0070%8h119.19+0.101%$1.1M$5.9M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0072%1h119.22+0.130%$104K$156K20xas long as short
Hibachi SOL/USDT-Plong+0.0072%1h119.06long leg$119K$607K20x
Aftermath Perps SOLUSD+0.0075%1h119.05−0.015%$24K$47K20xas long as short
BingX SOL-USDC+0.0080%8h119.14+0.064%$10.5Mas long as short
HTX SOL-USDT+0.0082%8h119.08+0.014%$231.8M$45.0M75xas long as short
Gate SOL_USDT+0.0089%8h119.15+0.072%$870.0M$689.4M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0091%1h119.23+0.135%$26.7M$27.8M50xas long as short
Lighter SOL+0.0096%1h119.15+0.068%$13.6M$56.1M25xas long as short
Lighter RH SOL+0.0096%1h119.14+0.064%$2.2M$17.0M25xas long as short
Aevo SOL-PERP+0.0096%1h119.14+0.067%$353K$748K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h119.15+0.076%$1.0M$522K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.18+0.097%$45K$801K20xas long as short
Nado SOL-PERP+0.0100%1h119.16+0.080%$6.0M$41.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.23+0.139%$717.9M$408.4M20xas long as short
Aster SOLUSDT+0.0100%8h119.16+0.082%$178.4M$176.4M100xas long as short
Pacifica SOL+0.0100%1h119.20+0.117%$12.3M$119.0M20xas long as short
Binance SOLUSDT+0.0100%8h119.12+0.049%$981.3M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h119.14+0.062%$828.7M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.13+0.055%$372.2M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.08+0.013%$233K$888K10xas long as short
Arcus SOL-USD+0.0100%1h119.23+0.137%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.85−0.180%$133.1M$7.6M20xas long as short
MEXC SOL_USDT+0.0100%8h119.14+0.063%$452.0M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.14+0.060%$139.5M$202.3M75xas long as short
Bitget SOLUSDT+0.0100%8h119.13+0.052%$496.1M$456.8M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.16+0.080%$24.2M$37.8M50xas long as short
Variational Omni SOL+0.0100%8h118.87−0.165%$27.5M$128.4Mas long as short
edgeX SOLUSDC+0.0100%4h118.86−0.172%$95.5M$400.3M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.99−0.063%$48.7M$31.6M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h118.96−0.088%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.05−0.012%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.19+0.105%$367K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.18+0.093%$202K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h119.18+0.094%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.17+0.088%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.15+0.072%$46.5M$102.5M50xas long as short
Extended SOL-USD+0.0104%1h119.11+0.038%$8.7M$36.1M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.19+0.108%$8.3M$416.6M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.21+0.119%$225.0M500xas long as short
Kraken Futures PF_SOLUSD+0.0150%1h119.17+0.089%$32.6M$97.0M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0169% / S −0.0072%1h119.18+0.097%$3.7M200xas long as short
Reya SOLRUSDPERP+0.0182%1h119.18+0.097%$1.1M$551K25xas long as short
RISEx SOL/USDC+0.0192%1h119.23+0.141%$1.7M$5.6M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.02−0.038%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h119.10+0.030%$52.1M$84.2M125xas long as short