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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Coinbase International against Polymarket Perps+0.082%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$200.202% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.059%+$6 on $10k
Price spread, last 3 days (all we have)−0.201%−$20 · spread now +0.082%, 7d avg +0.015%
Together, before fees−0.143%−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.067% dearer against Polymarket Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps SOL-USD119.280.0100pay 0.0013% / 1h25m 23s$364K$2.4M20x
ShortCoinbase International SOL-PERP-INTX119.380.0112get 0.0014% / 1h25m 23s$8.2M$416.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. 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
$2.52
Price spread: +0.082% → +0.015%
$6.67
Slippage, 4 orders
−$2.21
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$11.01
Costs to cover
0.202%
Break-even
37.6 days
Slippage from Polymarket Perps: live order book, 3 min ago; Coinbase International: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 3 min ago0.42 bp5.2 bp −$56.0 bp −$60doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago0.04 bp5.4 bp −$57.7 bp −$7717.1 bp −$1,709119.0 bp −$59.5K

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−0.0535%1h119.29+0.006%$37K$17K25xas long as short
Derive SOL-PERP−0.0107%1h119.24−0.032%$2.0M$3.0M13xas long as short
Hotstuff SOL-PERP−0.0080%1h119.13−0.124%$845$8K25xas long as short
Vest SOL-PERP−0.0062%1h119.20−0.068%$722K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0005% / S +0.0004%1h119.36+0.066%$106K150xas long as short
dYdX SOL-USD−0.0001%1h119.13−0.123%$4.9M$27.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h119.19−0.079%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.26−0.018%$178K$4.0M8.3xas long as short
Hibachi SOL/USDT-P+0.0032%1h119.27−0.005%$119K$611K20xas long as short
Phoenix SOL+0.0054%1h119.18−0.084%$6.5M$13.6M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps SOLUSD+0.0064%1h119.30+0.019%$24K$47K20xas long as short
Orderly PERP_SOL_USDC+0.0067%8h119.34+0.052%$1.1M$5.9M100xas long as short
01 Exchange SOLUSD+0.0080%1h119.280.000%$104K$154K20xas long as short
BingX SOL-USDT+0.0080%8h119.33+0.046%$374.6Mas long as short
HTX SOL-USDT+0.0082%8h119.21−0.058%$232.1M$45.0M75xas long as short
Gate SOL_USDT+0.0088%8h119.31+0.025%$871.5M$684.0M100xas long as short
Lighter SOL+0.0096%1h119.34+0.050%$13.6M$55.9M25xas long as short
Lighter RH SOL+0.0096%1h119.10−0.152%$2.1M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h119.29+0.008%$353K$748K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h119.07−0.178%$1.0M$523K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.15−0.109%$47K$796K20xas long as short
Nado SOL-PERP+0.0100%1h119.27−0.013%$6.2M$41.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.36+0.069%$718.8M$417.9M20xas long as short
Aster SOLUSDT+0.0100%8h119.30+0.014%$178.6M$176.9M100xas long as short
Pacifica SOL+0.0100%1h119.15−0.107%$12.3M$117.8M20xas long as short
Binance SOLUSDT+0.0100%8h119.34+0.050%$986.8M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h119.35+0.060%$825.0M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.32+0.034%$371.4M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.31+0.025%$234K$886K10xas long as short
Arcus SOL-USD+0.0100%1h119.25−0.028%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h119.16−0.104%$133.7M$8.0M20xas long as short
MEXC SOL_USDT+0.0100%8h119.29+0.008%$453.8M$1.12B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.24−0.032%$140.4M$201.9M75xas long as short
Bitget SOLUSDT+0.0100%8h119.33+0.039%$495.9M$455.8M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.11−0.143%$24.1M$38.5M50xas long as short
Variational Omni SOL+0.0100%8h119.27−0.008%$27.9M$128.0Mas long as short
edgeX SOLUSDC+0.0100%4h119.21−0.059%$95.7M$400.5M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.31+0.023%$48.8M$31.8M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.25−0.023%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.280.000%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USDlong+0.0100%1h119.28long leg$364K$2.4M20x
Bullet SOL-USD+0.0100%1h119.30+0.017%$201K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h119.35+0.057%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.34+0.050%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.33+0.042%$46.6M$102.3M50xas long as short
Extended SOL-USD+0.0104%1h119.31+0.026%$8.7M$36.3M50xas long as short
Coinbase International SOL-PERP-INTXshort+0.0112%1h119.38+0.082%$8.2M$416.2M50x
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.14−0.114%$223.4M500xas long as short
Kraken Futures PF_SOLUSD+0.0149%1h119.35+0.061%$32.6M$95.8M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0165%1h119.40+0.103%$26.7M$27.7M50xas long as short
GMX SOL/USD [SOL-USDC]L +0.0171% / S −0.0068%1h119.35+0.056%$3.8M200xas long as short
Reya SOLRUSDPERP+0.0181%1h119.26−0.016%$1.1M$557K25xas long as short
RISEx SOL/USDC+0.0192%1h119.25−0.029%$1.7M$6.0M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.38+0.084%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h119.33+0.042%$52.5M$82.9M125xas long as short