Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.013%

Price spread now: Orderly against 01 Exchange+0.018%7-day average −0.027% · you sell dearer than you buy

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

Long on 01 Exchange Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 3 days (all we have)−0.251%−$25 · spread now +0.018%, 7d avg −0.027%

Together, before fees−0.293%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.044% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.027%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 3 days (−0.043% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	119.41	0.0072	pay 0.0009% / 1h	10m 25s	$104K	$153K	20x
Short	Orderly PERP_SOL_USDC	119.43	0.0062	get 0.0062% / 8h	2h 10m	$1.1M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.018%Rate

Funding earned: −$2.02
Price spread: +0.018% → −0.027%: $4.43
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.59
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: 01 Exchange: live order book, 14 min ago; Orderly: 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 01 Exchange live order book, 14 min ago	0.83 bp	8.4 bp −$8	15.0 bp −$150	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.218%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.27	−0.115%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	119.34	−0.056%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.21	−0.168%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0007%	1h	119.42	+0.005%	$4.9M	$27.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.45	+0.030%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.41	+0.003%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.39	−0.018%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0028%	1h	119.43	+0.018%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0041%	1h	119.47	+0.051%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0052%	8h	119.32	−0.079%	$232.4M	$44.7M	75x	as long as short
Orderly PERP_SOL_USDCshort	+0.0062%	8h	119.43	+0.018%	$1.1M	$5.9M	100x
Hibachi SOL/USDT-P	+0.0064%	1h	119.31	−0.081%	$120K	$633K	20x	as long as short
01 Exchange SOLUSDlong	+0.0072%	1h	119.41	long leg	$104K	$153K	20x
BingX SOL-USDT	+0.0080%	8h	119.42	+0.011%	—	$374.6M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.40	−0.008%	$871.3M	$688.5M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.41	0.000%	$13.7M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.40	−0.008%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.38	−0.022%	$354K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.36	−0.039%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.40	−0.008%	$49K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.37	−0.036%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.51	+0.084%	$721.1M	$415.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.42	+0.008%	$179.8M	$176.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.43	+0.016%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.43	+0.017%	$977.8M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.44	+0.025%	$825.6M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.43	+0.017%	$372.1M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.40	−0.008%	$234K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.43	+0.016%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.25	−0.134%	$133.7M	$10.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.42	+0.008%	$451.9M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.40	−0.006%	$140.8M	$198.0M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.39	−0.014%	$498.1M	$453.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.39	−0.017%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	+0.002%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.43	+0.019%	$95.9M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.33	−0.067%	$48.8M	$33.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.38	−0.022%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.41	0.000%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.42	+0.008%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.42	+0.012%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.42	+0.004%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.38	−0.028%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.34	−0.059%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.38	−0.025%	$46.6M	$101.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.35	−0.048%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.40	−0.009%	$8.2M	$417.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.38	−0.023%	—	$221.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.39	−0.017%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0090%	1h	119.45	+0.031%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.43	+0.014%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.42	+0.010%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.37	−0.033%	$52.0M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.37	−0.031%	$35.5M	$91.2M	100x	as long as short