Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Bybit against SoDEX−0.042%7-day average +0.012% · 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−$210.207% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.429%+$43 · spread now −0.042%, 7d avg +0.012%

Together, before fees+0.428%+$43 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: Bybit is 0.055% cheaper against SoDEX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	117.86	0.0100	pay 0.0013% / 1h	9m 53s	$6.2M	$10.8M	20x
Short	Bybit SOLUSDT	117.81	0.0100	get 0.0100% / 8h	5h 09m	$830.7M	$1.25B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.012%: −$5.47
Slippage, 4 orders: −$1.7
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.17
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Bybit: 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 SoDEX live order book, 4 min ago	0.42 bp	4.4 bp −$4	4.9 bp −$49	12.0 bp −$1,198	doesn't fit
Sell Bybit live order book, 4 min ago	0.42 bp	5.9 bp −$6	5.9 bp −$59	9.1 bp −$906	19.9 bp −$9,972

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
Hotstuff SOL-PERP	−0.0080%	1h	118.00	+0.115%	$923	$8K	25x	as long as short
Bluefin SOL-PERP	−0.0071%	1h	117.83	−0.025%	$25K	$28K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.82	−0.033%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.86	−0.004%	$31.6M	$98.9M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.79	−0.063%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.86	−0.001%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.99	+0.107%	$4.5M	$24.1M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0022%	1h	117.90	+0.036%	$26.5M	$24.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	117.86	0.000%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	118.00	+0.119%	$100K	$165K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.89	+0.028%	$7.9M	$404.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	117.87	+0.007%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.86	−0.004%	$13.2M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.84	−0.015%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.84	−0.017%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.97	+0.093%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.01	+0.126%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.95	+0.081%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.83	−0.022%	$177.4M	$180.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.99	+0.111%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.78	−0.068%	$971.0M	$3.72B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	117.81	−0.042%	$830.7M	$1.25B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	117.79	−0.059%	$366.3M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.91	+0.042%	$234K	$864K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.99	+0.113%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.96	+0.089%	$136.3M	$17.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.82	−0.034%	$860.4M	$654.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.78	−0.068%	$425.3M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.83	−0.029%	$130.8M	$213.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.77	−0.080%	$488.1M	$431.6M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.79	−0.056%	—	$363.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.85	−0.008%	$23.7M	$37.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.77	−0.075%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.84	−0.020%	$94.6M	$391.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.69	−0.145%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.83	−0.025%	$1.7M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.80	−0.051%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.91	+0.042%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.86	+0.003%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.85	−0.007%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	117.86	long leg	$6.2M	$10.8M	20x
HTX SOL-USDT	+0.0100%	8h	117.92	+0.050%	$229.0M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.85	−0.008%	$45.9M	$100.5M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	117.98	+0.102%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.76	−0.085%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.97	+0.089%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.89	+0.025%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	118.06	+0.167%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0174%	1h	117.90	+0.034%	$721.4M	$387.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.84	−0.020%	$1.1M	$537K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.314%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.85	−0.008%	$52.0M	$71.6M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.92	+0.054%	$128K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.86	−0.004%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0402%	1h	117.85	−0.007%	$25K	$52K	20x	as long as short