Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0044%/8hnext payment +$0.05 per $10,000 · paid last 24h −0.028%

Price spread now: Deribit against 01 Exchange+0.034%7-day average −0.014% · 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−$23as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on 01 Exchange Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.116%−$12 on $10k

Price spread, last 3 days (all we have)−0.144%−$14 · spread now +0.034%, 7d avg −0.014%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.048% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.014%. Mind the row above: over the last 3 days funding on this pair cost −0.116%, 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	01 Exchange SOLUSD	117.95	0.0080	pay 0.0010% / 1h	5m 48s	$114K	$133K	20x
Short	Deribit SOL_USDC-PERPETUAL	117.99	0.0124	get 0.0015% / 1h	5m 48s	$26.5M	$27.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee DeribitbpOrdersPrice spread, now +0.034%Rate

Funding earned: $9.22
Price spread: +0.034% → −0.014%: $4.78
Slippage, 4 orders: −$13.83
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$13.83
Costs to cover: 0.278%
Break-even: 17.5 days

Slippage from 01 Exchange: live order book, 27 min ago; Deribit: live order book, 3 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 01 Exchange live order book, 27 min ago	1.27 bp	8.8 bp −$9	18.4 bp −$184	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	0.68 bp	4.4 bp −$4	5.4 bp −$54	24.0 bp −$2,403	doesn't fit

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
Injective SOL/USDC PERP	−0.0627%	1h	118.30	+0.297%	$4K	$41K	12x	as long as short
dYdX SOL-USD	−0.0125%	1h	117.94	−0.008%	$4.7M	$25.3M	20x	as long as short
Vest SOL-PERP	−0.0106%	1h	117.86	−0.074%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.95	−0.003%	$836	$8K	25x	as long as short
Derive SOL-PERP	−0.0041%	1h	117.83	−0.098%	$1.9M	$3.0M	13x	as long as short
Aftermath Perps SOLUSD	−0.0009%	1h	118.06	+0.090%	$24K	$45K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.93	−0.016%	$57K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.97	+0.015%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.91	−0.034%	$166K	$4.0M	8.3x	as long as short
HTX SOL-USDT	+0.0036%	8h	117.84	−0.091%	$229.8M	$41.9M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SOL-USDC	+0.0052%	8h	117.92	−0.027%	—	$10.4M	—	as long as short
Orderly PERP_SOL_USDC	+0.0052%	8h	117.93	−0.016%	$1.1M	$5.6M	100x	as long as short
KuCoin SOLUSDTM	+0.0053%	8h	117.93	−0.014%	$140.9M	$172.6M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0061%	1h	117.92	−0.024%	$34.1M	$84.4M	100x	as long as short
ApeX Omni SOLUSDT	+0.0064%	1h	118.04	+0.076%	$1.5M	$6.3M	50x	as long as short
Bitget SOLUSDT	+0.0065%	8h	117.91	−0.033%	$494.4M	$436.8M	100x	as long as short
Gate SOL_USDT	+0.0077%	8h	117.91	−0.034%	$856.1M	$667.1M	100x	as long as short
01 Exchange SOLUSDlong	+0.0080%	1h	117.95	long leg	$114K	$133K	20x
OKX SOL-USDT-SWAP	+0.0086%	8h	117.87	−0.068%	$366.5M	$1.66B	100x	as long as short
Lighter SOL	+0.0096%	1h	117.90	−0.044%	$13.3M	$50.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.91	−0.034%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.90	−0.045%	$350K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	117.87	−0.071%	$1.0M	$437K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.98	+0.025%	$42K	$735K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.87	−0.065%	$5.5M	$39.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.03	+0.066%	$710.5M	$424.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.90	−0.040%	$178.0M	$169.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	−0.006%	$13.3M	$106.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.88	−0.057%	$965.1M	$3.64B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.89	−0.050%	$813.9M	$1.23B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.88	−0.059%	$233K	$854K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.93	−0.016%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.05	+0.085%	$131.0M	$16.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.93	−0.017%	$481.7M	$1.06B	300x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.94	−0.008%	$24.1M	$37.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.99	+0.038%	$28.0M	$118.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.05	+0.086%	$94.8M	$384.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.04	+0.078%	$48.3M	$32.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.00	+0.042%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.91	−0.034%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.89	−0.055%	$199K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.92	−0.025%	$37K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.89	−0.049%	$191K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.88	−0.059%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.93	−0.017%	$45.9M	$95.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.92	−0.028%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	117.95	−0.002%	$7.8M	$398.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	117.92	−0.025%	—	$206.8M	500x	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0124%	1h	117.99	+0.034%	$26.5M	$27.1M	50x
Hibachi SOL/USDT-P	+0.0144%	1h	118.04	+0.079%	$121K	$562K	20x	as long as short
Phoenix SOL	+0.0149%	1h	118.13	+0.153%	$7.3M	$11.4M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0172% / S −0.0074%	1h	117.93	−0.019%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	117.88	−0.060%	$1.1M	$534K	25x	as long as short
RISEx SOL/USDC	+0.0185%	1h	117.96	+0.008%	$1.6M	$6.5M	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.95	0.000%	$51.7M	$90.2M	125x	as long as short