Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h 0.000%
Price spread now: Bullet against 01 Exchange−0.156%50s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$250.247% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.028%−$3 on $10k
Price spread, last 4 days (all we have)+0.769%+$77 · spread now −0.156%, 7d avg +0.011%
Together, before fees+0.741%+$74 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bullet is 0.167% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of +0.011%). If the spread goes back, that is −$17 on $10k: about 11 days of funding at the current rate (+$2 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange SOLUSD117.580.0048pay 0.0006% / 1h59m 38s$100K$162K20x
ShortBullet SOL-USD117.400.0100get 0.0013% / 1h59m 38s$201K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against 01 Exchange. 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

Funding earned
$10.92
Price spread: −0.156% → +0.011%
−$16.72
Slippage, 4 orders
−$9.7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$30.49
Costs to cover
0.247%
Break-even
26.5 days
Slippage from 01 Exchange: live order book, 4 min ago; Bullet: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange live order book, 4 min ago0.43 bp6.5 bp −$711.0 bp −$110doesn't fitdoesn't fit
Sell Bullet live order book, 4 min ago0.38 bp6.5 bp −$710.0 bp −$100doesn't fitdoesn't fit

SOL on 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h117.59+0.013%$920$8K25xas long as short
Vest SOL-PERP−0.0058%1h117.37−0.175%$607K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h117.39−0.161%$56K150xas long as short
dYdX SOL-USD0.0000%1h117.57−0.008%$4.5M$24.1M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.47−0.092%$1.4M$20.2M3.1xas long as short
Derive SOL-PERP+0.0021%1h117.33−0.216%$2.0M$2.8M13xas long as short
Deribit SOL_USDC-PERPETUAL+0.0024%1h117.43−0.126%$26.4M$25.6M50xas long as short
HTX SOL-USDT+0.0036%8h117.37−0.175%$228.1M$45.4M75xas long as short
01 Exchange SOLUSDlong+0.0048%1h117.58long leg$100K$162K20x
Kraken Futures PF_SOLUSD+0.0049%1h117.39−0.159%$31.5M$98.3M100xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi SOL/USDT-P+0.0064%1h117.54−0.035%$100K$690K20xas long as short
Coinbase International SOL-PERP-INTX+0.0072%1h117.41−0.145%$8.0M$403.7M50xas long as short
BingX SOL-USDC+0.0080%8h117.54−0.035%$10.6Mas long as short
Gate SOL_USDT+0.0083%8h117.55−0.026%$849.2M$640.7M100xas long as short
Orderly PERP_SOL_USDC+0.0088%8h117.41−0.145%$1.0M$5.8M100xas long as short
Lighter SOL+0.0096%1h117.58−0.001%$13.1M$58.8M25xas long as short
Lighter RH SOL+0.0096%1h117.56−0.020%$2.1M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h117.43−0.125%$344K$256K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.56−0.016%$1.0M$518K50xas long as short
Katana Perps SOL-USD+0.0100%8h117.52−0.051%$67K$840K20xas long as short
Nado SOL-PERP+0.0100%1h117.45−0.111%$5.8M$40.2M40xas long as short
Hyperliquid SOL+0.0100%1h117.65+0.060%$717.8M$395.2M20xas long as short
Aster SOLUSDT+0.0100%8h117.51−0.059%$176.4M$177.5M100xas long as short
Pacifica SOL+0.0100%1h117.60+0.018%$14.5M$127.0M20xas long as short
Binance SOLUSDT+0.0100%8h117.58−0.001%$969.3M$3.74B100xas long as short
Bybit SOLUSDT+0.0100%8h117.61+0.027%$821.0M$1.25B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.59+0.009%$366.5M$1.64B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.37−0.179%$238K$849K10xas long as short
Arcus SOL-USD+0.0100%1h117.59+0.009%$2.0M$9.0M20xas long as short
MEXC SOL_USDT+0.0100%8h117.580.000%$423.8M$1.06B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.59+0.013%$130.6M$211.1M75xas long as short
Bitget SOLUSDT+0.0100%8h117.57−0.007%$487.3M$435.0M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.39−0.162%$23.7M$37.1M50xas long as short
Variational Omni SOL+0.0100%8h117.45−0.107%$24.3M$120.0Mas long as short
edgeX SOLUSDC+0.0100%4h117.52−0.047%$94.4M$404.7M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.43−0.132%$48.1M$28.7M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h117.51−0.060%$1.5M$5.9M50xas long as short
StandX SOL-USD+0.0100%1h117.48−0.085%$1.3M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.41−0.145%$352K$2.4M20xas long as short
Bullet SOL-USDshort+0.0100%1h117.40−0.156%$201K$1.7M20x
Bluefin SOL-PERP+0.0100%1h117.40−0.151%$37K$16K25xas long as short
SunX SOL-USDT+0.0100%8h117.37−0.180%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.40−0.153%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.40−0.153%$45.7M$100.5M50xas long as short
Bulk SOL-USD+0.0100%1h117.46−0.106%$134.5M$14.2M20xas long as short
Phoenix SOL+0.0101%1h117.53−0.043%$6.5M$13.5M25xas long as short
Extended SOL-USD+0.0104%1h117.55−0.028%$8.2M$36.0M50xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.46−0.102%$221.8M500xas long as short
RISEx SOL/USDC+0.0136%1h117.60+0.018%$1.9M$4.9M20xas long as short
Reya SOLRUSDPERP+0.0189%1h117.38−0.173%$1.1M$523K25xas long as short
Injective SOL/USDC PERP+0.0222%1h117.45−0.111%$4K$2K12xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0174%1h117.39−0.160%$3.6M200xas long as short
Aftermath Perps SOLUSD+0.0360%1h117.50−0.071%$25K$51K20xas long as short
Perpl SOL+0.0447%43m117.45−0.111%$128K$3.8M8.3xas long as short