Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.037%

Price spread now: BloFin against SoDEX+0.068%56s7-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—prices read too far apart to compare

costs, in and out, $10k−$220.217% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.068%, 7d avg +0.003%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.066% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.003%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	116.96	0.0100	pay 0.0013% / 1h	2m 21s	$6.1M	$10.9M	20x
Short	BloFin SOL-USDT	117.04	0.0220	get 0.0220% / 8h	2h 02m	$52.1M	$68.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.068%Rate

Funding earned: $25.2
Price spread: +0.068% → +0.003%: $6.56
Slippage, 4 orders: −$1.71
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.05
Costs to cover: 0.217%
Break-even: 4.2 days

Slippage from SoDEX: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago	0.43 bp	4.4 bp −$4	4.6 bp −$46	19.5 bp −$1,953	doesn't fit
Sell BloFin live order book, 7 min ago	0.43 bp	6.4 bp −$6	6.4 bp −$64	8.3 bp −$833	13.5 bp −$6,754

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
Kraken Futures PF_SOLUSD	−0.0239%	1h	116.99	+0.026%	$33.0M	$104.1M	100x	as long as short
Bybit SOLUSDT	−0.0104%	8h	116.94	−0.018%	$742.0M	$1.44B	100x	as long as short
BingX SOL-USDC	−0.0104%	8h	116.94	−0.021%	—	$10.7M	—	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.11	+0.128%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	117.02	+0.051%	$102K	$689K	20x	as long as short
Vest SOL-PERP	−0.0033%	1h	116.97	+0.009%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0010%	1h	116.91	−0.046%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.98	+0.020%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.09	+0.113%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.99	+0.028%	$110K	$3.7M	8.3x	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	+0.0008%	1h	117.03	+0.057%	$4.3M	$23.8M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.99	+0.026%	$101K	$179K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	117.01	+0.040%	$7.9M	$407.8M	50x	as long as short
Bitget SOLUSDT	+0.0060%	8h	116.95	−0.011%	$482.1M	$462.0M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.97	+0.013%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.97	+0.008%	$13.1M	$61.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.95	−0.006%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.97	+0.009%	$352K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.95	−0.009%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.99	+0.028%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.95	−0.007%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.09	+0.111%	$701.7M	$408.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.97	+0.006%	$176.3M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.03	+0.063%	$15.8M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.95	−0.006%	$972.9M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.97	+0.009%	$372.3M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.99	+0.026%	$218K	$883K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.00	+0.034%	$908K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.076%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.98	+0.017%	$846.5M	$677.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.96	0.000%	$368.2M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.97	+0.004%	$129.0M	$231.5M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.06	+0.085%	$23.2M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.05	+0.081%	$24.8M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.07	+0.094%	$94.0M	$411.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.02	+0.051%	$47.9M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.13	+0.142%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.10	+0.120%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.97	+0.009%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.98	+0.020%	$236K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.99	+0.027%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.96	−0.003%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	116.96	long leg	$6.1M	$10.9M	20x
HTX SOL-USDT	+0.0100%	8h	116.96	+0.003%	$226.5M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.96	0.000%	$45.5M	$105.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.91	−0.040%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.07	+0.094%	—	$238.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0171%	1h	117.05	+0.075%	$26.5M	$22.1M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	117.09	+0.111%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	117.18	+0.188%	$6.6M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.93	−0.024%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	117.04	+0.068%	$52.1M	$68.7M	125x
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.98	+0.019%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0492%	1h	117.04	+0.066%	$25K	$56K	20x	as long as short
RISEx SOL/USDC	+0.0547%	1h	117.05	+0.075%	$2.1M	$4.9M	20x	as long as short