Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h −0.011%

Price spread now: Orderly against Polymarket Perps+0.035%7-day average +0.004% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)−0.220%−$22 · spread now +0.035%, 7d avg +0.004%

Together, before fees−0.211%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.031% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of +0.004%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SOL-USD	119.27	0.0100	pay 0.0013% / 1h	11m 47s	$364K	$2.4M	20x
Short	Orderly PERP_SOL_USDC	119.31	0.0062	get 0.0062% / 8h	2h 11m	$1.1M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee OrderlybpOrdersPrice spread, now +0.035%Rate

Funding earned: −$7.89
Price spread: +0.035% → +0.004%: $3.1
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.79
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 2 min ago; Orderly: 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 Polymarket Perps live order book, 2 min ago	2.09 bp	7.7 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.101%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.32	+0.044%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	119.26	−0.010%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.21	−0.051%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0006%	1h	119.34	+0.059%	$4.9M	$27.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.30	+0.024%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.34	+0.059%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.29	+0.015%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.34	+0.062%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0036%	1h	119.51	+0.205%	$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
HTX SOL-USDT	+0.0051%	8h	119.22	−0.039%	$232.2M	$44.7M	75x	as long as short
Orderly PERP_SOL_USDCshort	+0.0062%	8h	119.31	+0.035%	$1.1M	$5.9M	100x
Hibachi SOL/USDT-P	+0.0064%	1h	119.34	+0.063%	$120K	$622K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.30	+0.025%	$104K	$151K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.32	+0.041%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0088%	8h	119.28	+0.008%	$870.5M	$688.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.28	+0.005%	$13.6M	$55.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.26	−0.009%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.27	+0.003%	$354K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.27	+0.002%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.29	+0.017%	$49K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.25	−0.013%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.46	+0.159%	$720.9M	$415.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.31	+0.034%	$179.6M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.34	+0.060%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.37	+0.084%	$977.3M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.37	+0.084%	$825.2M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.34	+0.059%	$371.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	+0.008%	$235K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.34	+0.059%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	+0.325%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.33	+0.050%	$432.8M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.29	+0.014%	$140.7M	$197.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.36	+0.071%	$497.9M	$453.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.29	+0.017%	$24.3M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.47	+0.167%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.43	+0.136%	$95.9M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.56	+0.241%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.38	+0.096%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.36	+0.075%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USDlong	+0.0100%	1h	119.27	long leg	$364K	$2.4M	20x
Bullet SOL-USD	+0.0100%	1h	119.27	+0.003%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.30	+0.024%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.29	+0.013%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.28	+0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.28	+0.008%	$46.6M	$101.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.30	+0.026%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.34	+0.057%	$8.2M	$416.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.30	+0.029%	—	$221.6M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.58	+0.260%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0090%	1h	119.30	+0.024%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.30	+0.024%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.25	−0.013%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.32	+0.042%	$52.0M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.30	+0.025%	$35.5M	$91.2M	100x	as long as short