Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Bitget against SoDEX+0.038%7-day average +0.003% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on SoDEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.038%, 7d avg +0.003%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.035% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	119.24	0.0100	pay 0.0013% / 1h	18m 45s	$6.3M	$10.8M	20x
Short	Bitget SOLUSDT	119.28	0.0100	get 0.0100% / 8h	1h 18m	$495.7M	$455.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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 SoDEXbpFee BitgetbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.003%: $3.51
Slippage, 4 orders: −$1.86
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.35
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; Bitget: live order book, 5 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 SoDEX live order book, 5 min ago	0.42 bp	4.4 bp −$4	5.1 bp −$51	19.1 bp −$1,906	doesn't fit
Sell Bitget live order book, 5 min ago	0.04 bp	6.9 bp −$7	8.8 bp −$88	12.1 bp −$1,209	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
Bluefin SOL-PERP	−0.0404%	1h	119.26	+0.015%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.17	−0.061%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.20	−0.031%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.24	+0.001%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.23	−0.008%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.30	+0.048%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.25	+0.005%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.28	+0.038%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	119.39	+0.129%	$120K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	+0.101%	$6.5M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0066%	1h	119.31	+0.059%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.27	+0.028%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.32	+0.067%	$104K	$155K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.22	−0.013%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	119.20	−0.035%	$232.1M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0090%	8h	119.23	−0.008%	$870.2M	$685.5M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0094%	1h	119.30	+0.051%	$26.7M	$27.7M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.26	+0.015%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.24	0.000%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.22	−0.016%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.20	−0.032%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.23	−0.008%	$46K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.20	−0.029%	$6.1M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.36	+0.101%	$719.1M	$417.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.24	−0.003%	$178.5M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.27	+0.029%	$12.3M	$118.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.24	+0.003%	$985.1M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.28	+0.034%	$826.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.26	+0.017%	$372.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.20	−0.034%	$234K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.30	+0.049%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.28	+0.035%	$133.9M	$7.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.24	0.000%	$460.4M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.26	+0.018%	$140.3M	$202.3M	75x	as long as short
Bitget SOLUSDTshort	+0.0100%	8h	119.28	+0.038%	$495.7M	$455.5M	100x
Backpack SOL_USDC_PERP	+0.0100%	1h	119.27	+0.025%	$24.1M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.34	+0.084%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.38	+0.115%	$95.9M	$401.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.29	+0.042%	$48.8M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.36	+0.102%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.26	+0.017%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.30	+0.050%	$368K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.28	+0.030%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.24	−0.002%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	119.24	long leg	$6.3M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	119.26	+0.017%	$46.6M	$102.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.22	−0.015%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.27	+0.024%	$8.1M	$416.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.25	+0.008%	—	$224.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.24	+0.002%	$32.6M	$95.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0068%	1h	119.29	+0.041%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.29	+0.045%	$1.1M	$555K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.30	+0.047%	$1.7M	$5.9M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.117%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.23	−0.008%	$52.1M	$82.8M	125x	as long as short