Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:22 UTC+0.0123%/8h= +13.5% APRpaid last 24h −0.023%

Price spread now: Perpl against SoDEX+0.067%7-day average −0.019% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.184%−$18 on $10k

Price spread, last 4 days (all we have)+0.185%+$19 · spread now +0.067%, 7d avg −0.019%

Together, before fees+0.001%+ Points / potential airdropPerpl: Active · farm board$0 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 Perpl is 0.086% dearer against SoDEX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 3 days funding on this pair cost −0.184%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	117.60	0.0100	pay 0.0013% / 1h	7m 29s	$6.2M	$10.7M	20x
Short	Perpl SOL	117.68	0.0223	get 0.0020% / 43m	38m 29s	$127K	$3.7M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.067%Rate

Funding earned: $25.88
Price spread: +0.067% → −0.019%: $8.61
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $12.69
Costs to cover: 0.218%
Break-even: 3.6 days

Slippage unknown: SoDEX: live order book, 2 min ago; Perpl: no order-book sample. Net counts fees only.

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	4.7 bp −$47	15.1 bp −$1,514	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	117.58	−0.021%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0072%	1h	117.45	−0.130%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.60	−0.003%	$31.6M	$98.9M	100x	as long as short
Bluefin SOL-PERP	−0.0053%	1h	117.61	+0.013%	$25K	$28K	25x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.54	−0.048%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.66	+0.050%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.56	−0.037%	$4.5M	$24.1M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0031%	1h	117.65	+0.040%	$26.4M	$24.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	117.64	+0.036%	$104K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	117.49	−0.094%	$100K	$166K	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	117.62	+0.019%	$7.9M	$403.6M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	117.63	+0.026%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.55	−0.040%	$13.2M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.50	−0.082%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.61	+0.011%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.48	−0.102%	$56K	$840K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.58	−0.018%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.52	−0.072%	$5.8M	$38.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.49	−0.094%	$176.8M	$179.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.57	−0.028%	$14.5M	$128.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.48	−0.102%	$968.0M	$3.71B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.48	−0.103%	$827.6M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.44	−0.136%	$365.2M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.51	−0.077%	$234K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.53	−0.064%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.96	+0.310%	$136.3M	$17.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.52	−0.068%	$858.7M	$655.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.52	−0.068%	$425.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.52	−0.065%	$130.4M	$213.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.46	−0.122%	$486.6M	$431.6M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.48	−0.105%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.57	−0.026%	$23.6M	$37.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.77	+0.146%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.75	+0.130%	$94.6M	$391.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.66	+0.051%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.69	+0.077%	$1.7M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.63	+0.026%	$1.3M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.46	−0.119%	$351K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.63	+0.023%	$199K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.63	+0.028%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	117.60	long leg	$6.2M	$10.7M	20x
HTX SOL-USDT	+0.0100%	8h	117.67	+0.056%	$228.5M	$45.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.60	0.000%	$45.9M	$100.4M	50x	as long as short
Kalshi KXSOLPERP	+0.0103%	8h	117.66	+0.053%	$1.3M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.45	−0.125%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.61	+0.012%	—	$215.3M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.99	+0.332%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.58	−0.021%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0171%	1h	117.63	+0.026%	$719.4M	$387.7M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.45	−0.129%	$1.1M	$537K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.094%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.69	+0.077%	$51.9M	$71.6M	125x	as long as short
Perpl SOLshort	+0.0223%	43m	117.68	+0.067%	$127K	$3.7M	8.3x
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.62	+0.019%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0412%	1h	117.81	+0.175%	$25K	$52K	20x	as long as short