Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Bulk against SoDEX+0.026%7-day average +0.030% · 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−$25as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on SoDEX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.060%−$6 · spread now +0.026%, 7d avg +0.030%

Together, before fees−0.055%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	118.04	0.0100	pay 0.0013% / 1h	43m 58s	$6.2M	$10.8M	20x
Short	Bulk SOL-USD	118.07	0.0100	get 0.0013% / 1h	43m 58s	$135.9M	$13.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → +0.030%: −$0.41
Slippage, 4 orders: −$9.32
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$24.72
Costs to cover: 0.243%
Break-even: 50801971306183920.0 days

Slippage from SoDEX: live order book, 5 min ago; Bulk: live order book, just now.

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	4.8 bp −$48	12.6 bp −$1,264	doesn't fit
Sell Bulk live order book, just now	4.24 bp	7.7 bp −$8	7.7 bp −$77	9.7 bp −$971	14.9 bp −$7,454

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
ApeX Omni SOLUSDT	−0.0171%	1h	118.09	+0.042%	$1.5M	$6.1M	50x	as long as short
Hibachi SOL/USDT-P	−0.0088%	1h	117.92	−0.097%	$92K	$707K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.92	−0.106%	$922	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	117.88	−0.132%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0033%	8h	117.97	−0.063%	$229.4M	$45.0M	75x	as long as short
Derive SOL-PERP	−0.0022%	1h	117.97	−0.062%	$2.0M	$2.7M	13x	as long as short
Gate SOL_USDT	−0.0011%	8h	118.04	0.000%	$853.1M	$653.9M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.00	−0.033%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.92	−0.100%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.92	−0.105%	$1.5M	$21.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	117.96	−0.069%	$128K	$4.0M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.95	−0.077%	$2.0M	$4.7M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	118.02	−0.014%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.05	+0.004%	$7.9M	$412.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.02	−0.016%	—	$370.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	118.05	+0.005%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	118.02	−0.017%	$103K	$162K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.04	0.000%	$13.1M	$59.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.03	−0.013%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.03	−0.005%	$346K	$264K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.89	−0.128%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.89	−0.127%	$49K	$829K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.00	−0.034%	$5.7M	$41.6M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.02	−0.017%	$177.3M	$180.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	−0.087%	$14.0M	$130.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.06	+0.017%	$979.5M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.07	+0.029%	$824.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.05	+0.008%	$369.6M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.84	−0.169%	$239K	$895K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.98	−0.053%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.03	−0.008%	$423.9M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.02	−0.014%	$133.9M	$208.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.04	−0.003%	$490.0M	$446.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.05	+0.008%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.01	−0.028%	$24.4M	$129.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.06	+0.019%	$94.8M	$404.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.16	+0.100%	$48.4M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.94	−0.085%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.95	−0.076%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.98	−0.048%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.02	−0.018%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.99	−0.045%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	118.04	long leg	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	118.04	0.000%	$46.0M	$101.7M	50x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	118.07	+0.026%	$135.9M	$13.3M	20x
Phoenix SOL	+0.0101%	1h	118.22	+0.152%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.01	−0.025%	$8.2M	$35.9M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0106%	1h	118.09	+0.041%	$26.4M	$25.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.90	−0.123%	—	$228.3M	500x	as long as short
Hyperliquid SOL	+0.0112%	1h	118.13	+0.076%	$719.9M	$403.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.93	−0.095%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.04	0.000%	$52.1M	$74.3M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.136%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.99	−0.042%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0311%	1h	118.03	−0.005%	$25K	$51K	20x	as long as short