Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h −0.025%

Price spread now: Vest against Orderly−0.070%7-day average −0.024% · you buy dearer than you sell

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

Long on Orderly Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 3 days (all we have)+0.226%+$23 · spread now −0.070%, 7d avg −0.024%

Together, before fees+0.155%+ Points / potential airdropVest: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Vest is 0.046% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	119.18	0.0063	pay 0.0063% / 8h	1h 59m	$1.1M	$5.9M	100x
Short	Vest SOL-PERP	119.10	−0.0066	pay 0.0008% / 1h	59m 48s	—	$724K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$27.02
Price spread: −0.070% → −0.024%: −$4.61
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$39.64
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Vest: 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 Orderly no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Orderly and Vest: 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
Injective SOL/USDC PERP	−0.0151%	1h	119.41	+0.193%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0100%	1h	119.07	−0.090%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.08	−0.080%	$844	$8K	25x	as long as short
Vest SOL-PERPshort	−0.0066%	1h	119.10	−0.070%	—	$724K	20x
dYdX SOL-USD	−0.0008%	1h	119.14	−0.035%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.18	−0.003%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.17	−0.010%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.16	−0.015%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0003%	1h	119.20	+0.020%	$26.7M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0045%	1h	119.23	+0.040%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0056%	1h	119.20	+0.013%	$120K	$633K	20x	as long as short
Orderly PERP_SOL_USDClong	+0.0063%	8h	119.18	long leg	$1.1M	$5.9M	100x
HTX SOL-USDT	+0.0063%	8h	119.19	+0.009%	$232.2M	$44.7M	75x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.18	0.000%	$104K	$153K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.08	−0.086%	—	$374.9M	—	as long as short
Gate SOL_USDT	+0.0091%	8h	119.08	−0.084%	$867.7M	$690.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.08	−0.082%	$13.6M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.11	−0.063%	$2.1M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.15	−0.026%	$353K	$748K	20x	as long as short
ApeX Omni SOLUSDT	+0.0097%	1h	119.07	−0.095%	$1.5M	$6.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.09	−0.080%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.09	−0.076%	$48K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.12	−0.051%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.16	−0.017%	$718.8M	$414.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.09	−0.079%	$178.6M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.16	−0.016%	$12.4M	$115.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.08	−0.086%	$975.9M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.10	−0.070%	$821.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.05	−0.109%	$371.8M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.10	−0.067%	$233K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.17	−0.004%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.05	−0.106%	$133.5M	$10.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.10	−0.067%	$437.4M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.11	−0.058%	$140.6M	$198.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.07	−0.091%	$496.2M	$453.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.13	−0.042%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	0.000%	$27.4M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.17	−0.008%	$95.7M	$398.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.15	−0.027%	$48.8M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.19	+0.008%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.15	−0.025%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.14	−0.030%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.14	−0.030%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.13	−0.038%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.14	−0.034%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.13	−0.042%	$46.5M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.09	−0.076%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.17	−0.013%	$8.2M	$416.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.09	−0.073%	—	$222.1M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.22	+0.034%	$6.5M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.17	−0.006%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.17	−0.012%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.14	−0.038%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.05	−0.109%	$52.0M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.15	−0.029%	$35.4M	$91.3M	100x	as long as short