Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h +0.006%

Price spread now: Aevo against Orderly+0.007%7-day average −0.022% · you sell dearer than you buy

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

Long on Orderly Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.007%, 7d avg −0.022%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.029% dearer against Orderly than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	116.43	0.0091	pay 0.0091% / 8h	4h 42m	$1.0M	$5.8M	100x
Short	Aevo SOL-PERP	116.44	0.0096	get 0.0012% / 1h	42m 18s	$341K	$236K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Orderly. 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 OrderlybpFee AevobpOrdersPrice spread, now +0.007%Rate

Funding earned: $1.11
Price spread: +0.007% → −0.022%: $2.89
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$18
Costs to cover: 0.220%
Break-even: 120.8 days

Slippage unknown: Orderly: no order-book sample; Aevo: live order book, 17 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Aevo live order book, 17 min ago	54.80 bp	62.8 bp −$63	84.3 bp −$843	doesn't fit	doesn't fit

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
Vest SOL-PERP	−0.0090%	1h	116.42	−0.006%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.46	+0.027%	$911	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	116.59	+0.137%	$103K	$700K	20x	as long as short
Derive SOL-PERP	−0.0016%	1h	116.34	−0.082%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.43	−0.002%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.49	+0.052%	$1.4M	$18.7M	3.1x	as long as short
dYdX SOL-USD	0.0000%	1h	116.46	+0.022%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.43	−0.001%	$99K	$169K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.41	−0.016%	$7.5M	$403.7M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.42	−0.011%	$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
Orderly PERP_SOL_USDClong	+0.0091%	8h	116.43	long leg	$1.0M	$5.8M	100x
Lighter SOL	+0.0096%	1h	116.42	−0.010%	$13.0M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.41	−0.018%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERPshort	+0.0096%	1h	116.44	+0.007%	$341K	$236K	20x
Katana Perps SOL-USD	+0.0098%	8h	116.37	−0.052%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.52	+0.077%	$987K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.39	−0.037%	$5.4M	$39.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.50	+0.059%	$705.0M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.42	−0.012%	$175.0M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	+0.096%	$15.7M	$129.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.45	+0.016%	$963.9M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.40	−0.027%	$784.9M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.42	−0.009%	$366.6M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.43	−0.001%	$232K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.40	−0.024%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.65	+0.188%	$133.5M	$20.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.40	−0.027%	$844.8M	$656.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.45	+0.016%	$418.0M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.45	+0.015%	$126.1M	$217.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.38	−0.043%	$478.1M	$441.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.40	−0.027%	—	$364.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	+0.094%	$23.3M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.49	+0.054%	$24.4M	$114.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.46	+0.028%	$93.5M	$398.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.162%	$47.7M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.67	+0.209%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.60	+0.145%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.44	+0.008%	$321K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.41	−0.015%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.41	−0.015%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.42	−0.010%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.42	−0.009%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.36	−0.057%	$225.9M	$46.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.44	+0.008%	$45.5M	$101.6M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0104%	1h	116.46	+0.029%	$26.2M	$25.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.36	−0.060%	$7.9M	$36.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.47	+0.038%	—	$228.5M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	+0.111%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.52	+0.076%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.40	−0.029%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.56	+0.111%	$51.7M	$72.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.42	−0.011%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.46	+0.026%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0515%	1h	116.62	+0.160%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.47	+0.034%	$1.9M	$4.9M	20x	as long as short