Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0206%/8h= −22.6% APRpaid last 24h +0.002%

Price spread now: Bybit against Aevo−0.033%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.033%, 7d avg +0.022%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.055% cheaper against Aevo than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	116.70	0.0096	pay 0.0012% / 1h	41m 08s	$352K	$256K	20x
Short	Bybit SOLUSDT	116.66	−0.0110	pay 0.0110% / 8h	41m 08s	$737.2M	$1.43B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$43.25
Price spread: −0.033% → +0.022%: −$5.48
Slippage, 4 orders: −$19.67
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.41
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from Aevo: live order book, 63 min ago; Bybit: 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 Aevo live order book, 63 min ago	5.71 bp	15.2 bp −$15	24.1 bp −$241	39.3 bp −$3,932	doesn't fit
Sell Bybit live order book, 3 min ago	0.43 bp	6.2 bp −$6	7.2 bp −$72	11.8 bp −$1,177	24.6 bp −$12.3K

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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.74	+0.036%	$32.5M	$106.3M	100x	as long as short
Hibachi SOL/USDT-P	−0.0144%	1h	116.76	+0.051%	$96K	$681K	20x	as long as short
Bybit SOLUSDTshort	−0.0110%	8h	116.66	−0.033%	$737.2M	$1.43B	100x
Derive SOL-PERP	−0.0095%	1h	116.63	−0.062%	$1.9M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.65	−0.041%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.129%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0047%	1h	116.66	−0.032%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.73	+0.027%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.73	+0.027%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.67	−0.026%	$106K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0008%	1h	116.71	+0.007%	$4.3M	$23.6M	20x	as long as short
Lighter RH SOL	+0.0016%	1h	116.69	−0.010%	$2.2M	$16.7M	25x	as long as short
Bitget SOLUSDT	+0.0027%	8h	116.68	−0.020%	$481.5M	$457.8M	100x	as long as short
SoDEX SOL-USD	+0.0030%	1h	116.69	−0.008%	$6.1M	$11.0M	20x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.72	+0.018%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.73	+0.031%	$8.0M	$402.0M	50x	as long as short
Aster SOLUSDT	+0.0060%	8h	116.68	−0.016%	$177.2M	$168.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	116.69	−0.008%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.65	−0.040%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.70	+0.005%	$13.2M	$60.4M	25x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	116.70	long leg	$352K	$256K	20x
Katana Perps SOL-USD	+0.0100%	8h	116.64	−0.050%	$66K	$909K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.64	−0.050%	$5.4M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.83	+0.112%	$704.4M	$408.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.70	+0.005%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.68	−0.013%	$966.9M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.68	−0.016%	$369.1M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.64	−0.050%	$218K	$832K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.68	−0.016%	$899K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.127%	$125.5M	$25.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.69	−0.008%	$851.6M	$660.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.70	+0.001%	$368.2M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.69	−0.008%	$132.4M	$233.9M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.69	−0.006%	—	$373.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.70	+0.001%	$23.1M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.71	+0.011%	$25.0M	$108.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.64	−0.049%	$93.6M	$405.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.72	+0.015%	$47.8M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	+0.004%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.67	−0.025%	$1.3M	$11.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.68	−0.016%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.68	−0.017%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.70	0.000%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.65	−0.039%	$190K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.70	+0.004%	$225.9M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.70	+0.001%	$45.4M	$104.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.66	−0.034%	$8.2M	$37.6M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0106%	1h	116.77	+0.065%	$26.5M	$22.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.68	−0.020%	—	$233.7M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.80	+0.087%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.66	−0.032%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.64	−0.050%	$52.1M	$66.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.72	+0.017%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0479%	1h	116.74	+0.036%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.73	+0.027%	$2.1M	$4.8M	20x	as long as short