Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0414%/8h= −45.3% APRpaid last 24h −0.040%

Price spread now: Bitget against RISEx−0.072%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.108%−$11 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.072%, 7d avg −0.005%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.066% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.108% in total (about -10.6% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	116.72	0.0451	pay 0.0056% / 1h	5m 39s	$2.1M	$4.9M	20x
Short	Bitget SOLUSDT	116.64	0.0037	get 0.0037% / 8h	1h 05m	$480.8M	$459.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against RISEx. 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 RISExbpFee BitgetbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$86.87
Price spread: −0.072% → −0.005%: −$6.64
Slippage, 4 orders: −$1.83
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$113.34
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Bitget: live order book, 4 min ago.

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 RISEx live order book, 3 min ago	0.04 bp	4.3 bp −$4	6.8 bp −$68	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.04 bp	6.3 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit

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
Hibachi SOL/USDT-P	−0.0208%	1h	116.68	−0.036%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.62	−0.085%	$738.8M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.75	+0.029%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.71	−0.012%	$32.3M	$106.2M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.70	−0.021%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0046%	1h	116.73	+0.005%	—	$634K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.76	+0.032%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.77	+0.039%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.68	−0.032%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0016%	1h	116.70	−0.020%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDTshort	+0.0037%	8h	116.64	−0.072%	$480.8M	$459.2M	100x
01 Exchange SOLUSD	+0.0048%	1h	116.68	−0.034%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.73	+0.007%	$8.0M	$403.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0057%	1h	116.74	+0.020%	$26.4M	$21.7M	50x	as long as short
Lighter RH SOL	+0.0064%	1h	116.63	−0.074%	$2.2M	$17.0M	25x	as long as short
Aster SOLUSDT	+0.0075%	8h	116.64	−0.072%	$176.5M	$169.5M	100x	as long as short
SoDEX SOL-USD	+0.0077%	1h	116.68	−0.034%	$6.1M	$11.0M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	116.72	+0.001%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.63	−0.076%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.65	−0.060%	$13.2M	$61.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.65	−0.057%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.61	−0.094%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.63	−0.077%	$5.6M	$41.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.77	+0.043%	$701.8M	$408.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.69	−0.027%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.63	−0.077%	$966.8M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.64	−0.068%	$367.8M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.64	−0.068%	$217K	$837K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.66	−0.050%	$900K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.145%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.64	−0.068%	$850.0M	$676.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.65	−0.060%	$370.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.63	−0.076%	$133.1M	$233.1M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.65	−0.057%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.71	−0.008%	$23.1M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.69	−0.022%	$25.1M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.57	−0.131%	$93.6M	$408.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.63	−0.077%	$47.7M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.65	−0.060%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.66	−0.051%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.75	+0.026%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.70	−0.014%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.75	+0.027%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.76	+0.035%	$190K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.76	+0.034%	$226.1M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.69	−0.025%	$45.4M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.60	−0.101%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.79	+0.062%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	−0.085%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.72	0.000%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.73	+0.008%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.71	−0.008%	$52.1M	$66.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.76	+0.036%	$3.5M	—	200x	as long as short
RISEx SOL/USDClong	+0.0451%	1h	116.72	long leg	$2.1M	$4.9M	20x
Aftermath Perps SOLUSD	+0.0491%	1h	116.72	+0.003%	$25K	$57K	20x	as long as short