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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:48 UTC+0.0353%/8h= +38.7% APRpaid last 24h −0.009%
Price spread now: Perpl against Orderly−0.003%7-day average −0.033% · you buy dearer than you sell
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−0.239%−$24 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.003%, 7d avg −0.033%
Together, before fees−0.271%+ Points / potential airdropPerpl: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Perpl is 0.029% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.239%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.239% in total (about -12.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_SOL_USDC116.770.0093pay 0.0093% / 8h3h 49m$1.0M$5.9M100x
ShortPerpl SOL116.760.0447get 0.0040% / 43m3m 22s$138K$3.7M8.3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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

Funding earned
$74.19
Price spread: −0.003% → −0.033%
$2.94
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
$57.33
Costs to cover
0.198%
Break-even
1.6 days
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample
Sell Perpl no order-book sample
Orderly and 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
Kraken Futures PF_SOLUSD−0.0193%1h116.79+0.024%$31.2M$100.8M100xas long as short
Hibachi SOL/USDT-P−0.0160%1h116.77+0.004%$103K$699K20xas long as short
Vest SOL-PERP−0.0091%1h116.70−0.058%$601K20xas long as short
Hotstuff SOL-PERP−0.0080%1h116.81+0.038%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.76−0.007%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h116.98+0.185%$1.4M$19.1M3.1xas long as short
dYdX SOL-USD+0.0004%1h116.74−0.023%$4.4M$24.2M20xas long as short
Derive SOL-PERP+0.0030%1h116.69−0.068%$1.9M$2.8M13xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h116.78+0.007%$7.4M$404.8M50xas long as short
Orderly PERP_SOL_USDClong+0.0093%8h116.77long leg$1.0M$5.9M100x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter SOL+0.0096%1h116.72−0.045%$13.0M$59.8M25xas long as short
Lighter RH SOL+0.0096%1h116.71−0.050%$2.2M$16.7M25xas long as short
01 Exchange SOLUSD+0.0096%1h116.78+0.011%$99K$174K20xas long as short
Aevo SOL-PERP+0.0096%1h116.76−0.004%$347K$244K20xas long as short
Bybit SOLUSDT+0.0096%8h116.66−0.094%$769.5M$1.37B100xas long as short
Katana Perps SOL-USD+0.0099%8h116.70−0.057%$50K$882K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h116.78+0.012%$1.0M$551K50xas long as short
Nado SOL-PERP+0.0100%1h116.70−0.058%$5.4M$40.1M40xas long as short
Hyperliquid SOL+0.0100%1h116.82+0.045%$705.1M$393.8M20xas long as short
Aster SOLUSDT+0.0100%8h116.71−0.049%$174.7M$183.0M100xas long as short
Pacifica SOL+0.0100%1h116.74−0.022%$15.8M$130.1M20xas long as short
Binance SOLUSDT+0.0100%8h116.76−0.006%$975.4M$3.81B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.76−0.006%$367.7M$1.69B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.90+0.114%$230K$838K10xas long as short
Arcus SOL-USD+0.0100%1h116.75−0.017%$920K$8.8M20xas long as short
Gate SOL_USDT+0.0100%8h116.71−0.049%$850.5M$657.1M100xas long as short
MEXC SOL_USDT+0.0100%8h116.74−0.023%$365.5M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.74−0.023%$129.1M$222.4M75xas long as short
Bitget SOLUSDT+0.0100%8h116.68−0.075%$480.1M$443.0M100xas long as short
BingX SOL-USDT+0.0100%8h116.72−0.037%$365.9Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.75−0.015%$23.1M$39.1M50xas long as short
Variational Omni SOL+0.0100%8h116.95+0.161%$24.6M$113.9Mas long as short
edgeX SOLUSDC+0.0100%4h116.88+0.098%$93.8M$398.9M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.05+0.242%$47.8M$30.4M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.99+0.194%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.77+0.003%$1.3M$12.8M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.71−0.049%$321K$2.6M20xas long as short
Bullet SOL-USD+0.0100%1h116.74−0.020%$147K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.75−0.015%$25K$31K25xas long as short
SunX SOL-USDT+0.0100%8h116.96+0.164%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.78+0.011%$6.1M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.80+0.030%$226.4M$47.8M75xas long as short
Phemex SOLUSDT+0.0100%8h116.83+0.054%$45.8M$102.7M50xas long as short
Bulk SOL-USD+0.0100%1h116.90+0.114%$134.0M$22.8M20xas long as short
Extended SOL-USD+0.0104%1h116.67−0.087%$8.3M$37.5M50xas long as short
Injective SOL/USDC PERP+0.0107%1h116.72−0.040%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h116.84+0.065%$231.4M500xas long as short
Deribit SOL_USDC-PERPETUAL+0.0143%1h116.82+0.046%$26.4M$23.3M50xas long as short
Phoenix SOL+0.0151%1h117.05+0.242%$6.5M$13.8M25xas long as short
Reya SOLRUSDPERP+0.0191%1h116.68−0.076%$1.1M$541K25xas long as short
BloFin SOL-USDT+0.0220%8h117.00+0.200%$52.0M$67.7M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0235% / S −0.0178%1h116.74−0.019%$3.6M200xas long as short
Perpl SOLshort+0.0447%43m116.76−0.003%$138K$3.7M8.3x
Aftermath Perps SOLUSD+0.0520%1h116.85+0.075%$25K$51K20xas long as short
RISEx SOL/USDC+0.0561%1h116.80+0.024%$1.9M$4.8M20xas long as short