Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0491%/8h= +53.7% APRpaid last 24h +0.034%

Price spread now: Bluefin against SunX+0.165%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.643%−$64 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Bluefin is 0.165% dearer against SunX than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.643%, 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	SunX SOL-USDT	116.13	0.0100	pay 0.0100% / 8h	7h 33m	$189K	$1.7M	30x
Short	Bluefin SOL-PERP	116.32	0.0591	get 0.0074% / 1h	33m 24s	$27K	$36K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against SunX. 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 SunXbpFee BluefinbpOrdersPrice spread, now +0.165%Rate

Funding earned: $103.04
Price spread: +0.165% → 0.000%: $16.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: $104.5
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SunX: live order book, 12 min ago; Bluefin: 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 SunX live order book, 12 min ago	4.22 bp	23.3 bp −$23	38.7 bp −$387	doesn't fit	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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	116.18	+0.045%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.25	+0.100%	$32.3M	$105.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.22	+0.077%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.05	−0.069%	$4.3M	$23.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.24	+0.093%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.20	+0.057%	$99K	$3.4M	8.3x	as long as short
Vest SOL-PERP	+0.0002%	1h	116.05	−0.071%	—	$636K	20x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.15	+0.017%	$1.8M	$2.9M	13x	as long as short
Bybit SOLUSDT	+0.0008%	8h	116.02	−0.095%	$728.8M	$1.39B	100x	as long as short
Bitget SOLUSDT	+0.0024%	8h	116.02	−0.093%	$478.5M	$446.9M	100x	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	+0.0040%	1h	116.28	+0.126%	$7.7M	$391.6M	50x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.04	−0.076%	$176.1M	$169.4M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0056%	1h	116.34	+0.181%	$26.2M	$21.4M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0068%	8h	116.31	+0.158%	$1.0M	$5.9M	100x	as long as short
SoDEX SOL-USD	+0.0084%	1h	116.21	+0.068%	$6.1M	$11.0M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.04	−0.078%	$13.0M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.03	−0.088%	$2.2M	$14.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.28	+0.126%	$351K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.03	−0.086%	$1.0M	$554K	50x	as long as short
Gate SOL_USDT	+0.0099%	8h	116.05	−0.070%	$844.5M	$611.6M	100x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.03	−0.087%	$58K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.03	−0.087%	$5.4M	$41.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.15	+0.016%	$694.1M	$404.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.08	−0.040%	$15.6M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.03	−0.087%	$959.1M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.03	−0.087%	$365.6M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	−0.052%	$217K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.05	−0.067%	$947K	$8.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.02	−0.095%	$373.6M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.03	−0.088%	$129.3M	$237.5M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.03	−0.088%	—	$370.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.20	+0.060%	$22.8M	$36.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.19	+0.047%	$24.8M	$104.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.19	+0.050%	$93.3M	$404.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.20	+0.059%	$47.5M	$28.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.33	+0.168%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.17	+0.034%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.06	−0.061%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.04	−0.077%	$281K	$1.7M	20x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	116.13	long leg	$189K	$1.7M	30x
HTX SOL-USDT	+0.0100%	8h	116.32	+0.164%	$225.2M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.19	+0.051%	$45.2M	$103.0M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.25	+0.101%	$125.8M	$25.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	115.99	−0.118%	$8.3M	$36.5M	50x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	116.08	−0.044%	$101K	$183K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.21	+0.065%	—	$230.3M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.12	−0.009%	$6.5M	$13.4M	25x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	116.23	+0.085%	$101K	$682K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.180%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.12	−0.011%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.18	+0.042%	$52.0M	$63.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.20	+0.062%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0407%	1h	116.26	+0.108%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.08	−0.043%	$2.1M	$4.8M	20x	as long as short
Bluefin SOL-PERPshort	+0.0591%	1h	116.32	+0.165%	$27K	$36K	25x