Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:07 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Perpl against Pacifica−0.032%7-day average −0.037% · you buy dearer than you sell

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

Long on Pacifica Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.248%−$25 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.032%, 7d avg −0.037%

Together, before fees−0.243%+ Points / potential airdropPacifica: Active · Perpl: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SOL	116.94	0.0100	pay 0.0013% / 1h	18m 05s	$15.7M	$127.5M	20x
Short	Perpl SOL	116.90	0	get 0.0000% / 43m	33m 05s	$99K	$3.0M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Pacifica. 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 PacificabpFee PerplbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$21
Price spread: −0.032% → −0.037%: $0.49
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$42.31
Costs to cover: 0.218%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 1 min ago	0.43 bp	4.4 bp −$4	6.5 bp −$65	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SOL-PERP	−0.0080%	1h	116.92	−0.012%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	115.82	−0.951%	$1.8M	$2.9M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	117.01	+0.064%	$32.5M	$100.6M	100x	as long as short
Bybit SOLUSDT	−0.0037%	8h	116.91	−0.023%	$731.0M	$1.33B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.96	+0.018%	$43K	—	150x	as long as short
Vest SOL-PERP	0.0000%	1h	116.87	−0.057%	—	$518K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.05	+0.100%	$1.3M	$18.3M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	116.90	−0.032%	$99K	$3.0M	8.3x
Bitget SOLUSDT	+0.0022%	8h	116.91	−0.021%	$482.5M	$428.7M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.03	+0.076%	$7.8M	$387.0M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0044%	1h	116.92	−0.011%	$7.8M	$22.5M	20x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.99	+0.046%	$177.5M	$166.0M	100x	as long as short
Phemex SOLUSDT	+0.0053%	8h	116.97	+0.029%	$45.5M	$102.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	116.96	+0.019%	$1.0M	$5.5M	100x	as long as short
Polymarket Perps SOL-USD	+0.0079%	1h	116.90	−0.031%	$321K	$2.8M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.99	+0.042%	$13.2M	$56.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.98	+0.038%	$2.2M	$14.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.99	+0.046%	$353K	$240K	20x	as long as short
SoDEX SOL-USD	+0.0097%	1h	116.97	+0.029%	$6.1M	$11.1M	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.94	+0.003%	$1.0M	$553K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.90	−0.031%	$53K	$857K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.88	−0.046%	$5.4M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.06	+0.106%	$708.8M	$391.2M	20x	as long as short
Pacifica SOLlong	+0.0100%	1h	116.94	long leg	$15.7M	$127.5M	20x
Binance SOLUSDT	+0.0100%	8h	116.95	+0.016%	$964.7M	$3.69B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.94	+0.003%	$367.3M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.87	−0.057%	$218K	$827K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.94	0.000%	$943K	$8.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.93	−0.007%	$126.5M	$25.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.95	+0.011%	$845.9M	$620.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.94	+0.003%	$416.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.95	+0.010%	$130.9M	$233.4M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.93	−0.008%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.95	+0.011%	$23.2M	$36.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.76	−0.153%	$25.0M	$103.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.68	−0.219%	$93.7M	$406.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.77	−0.144%	$47.8M	$27.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.73	−0.178%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.79	−0.125%	$1.3M	$10.9M	30x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.93	−0.006%	$282K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.92	−0.010%	$190K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.96	+0.024%	$226.3M	$49.1M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.93	−0.004%	$8.4M	$35.4M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	116.95	+0.011%	$100K	$181K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.92	−0.014%	—	$218.7M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.81	−0.108%	$6.5M	$13.4M	25x	as long as short
Bluefin SOL-PERP	+0.0131%	1h	116.95	+0.016%	$27K	$35K	25x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	116.77	−0.140%	$104K	$663K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0155%	1h	117.03	+0.084%	$26.3M	$20.3M	50x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.510%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.88	−0.050%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.80	−0.117%	$52.2M	$60.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.94	−0.001%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0415%	1h	116.62	−0.270%	$25K	$52K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.96	+0.020%	$2.2M	$4.7M	20x	as long as short