Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Polymarket Perps against Arcus−0.081%50s7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.174% of the position

Long on Arcus Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.081%, 7d avg −0.025%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.055% cheaper against Arcus than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.025%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	116.61	0.0100	pay 0.0013% / 1h	15m 37s	$912K	$8.8M	20x
Short	Polymarket Perps SOL-USD	116.52	0.0100	get 0.0013% / 1h	15m 37s	$319K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Arcus. 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 ArcusbpFee Polymarket PerpsbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.025%: −$5.53
Slippage, 4 orders: −$4.92
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$22.96
Costs to cover: 0.174%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; Polymarket Perps: 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 Arcus live order book, 4 min ago	1.03 bp	3.3 bp −$3	4.0 bp −$40	9.8 bp −$982	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	0.86 bp	4.9 bp −$5	5.9 bp −$59	doesn't fit	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
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.51	−0.087%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0120%	1h	116.54	−0.064%	$104K	$693K	20x	as long as short
BingX SOL-USDT	−0.0108%	8h	116.58	−0.033%	—	$369.6M	—	as long as short
Bybit SOLUSDT	−0.0106%	8h	116.59	−0.021%	$741.2M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.63	+0.012%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0050%	1h	116.52	−0.080%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0011%	1h	116.42	−0.162%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.52	−0.081%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.53	−0.072%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.53	−0.076%	$113K	$3.7M	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	+0.0009%	1h	116.61	−0.003%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.63	+0.014%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.53	−0.069%	$7.7M	$405.6M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.56	−0.049%	$480.3M	$460.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.52	−0.082%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.59	−0.021%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.58	−0.026%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.47	−0.126%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.53	−0.072%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.60	−0.009%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.52	−0.081%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.68	+0.057%	$697.0M	$406.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.58	−0.026%	$175.8M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.63	+0.012%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.60	−0.012%	$972.7M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.57	−0.038%	$364.5M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.54	−0.063%	$217K	$877K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	116.61	long leg	$912K	$8.8M	20x
Bulk SOL-USD	+0.0100%	1h	115.85	−0.654%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.58	−0.029%	$843.4M	$673.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.58	−0.029%	$355.4M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.57	−0.037%	$126.8M	$230.7M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.53	−0.072%	$23.0M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.46	−0.136%	$25.1M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.49	−0.109%	$93.5M	$409.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	−0.182%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.60	−0.015%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	−0.089%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USDshort	+0.0100%	1h	116.52	−0.081%	$319K	$2.7M	20x
Bullet SOL-USD	+0.0100%	1h	116.51	−0.092%	$167K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.50	−0.101%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.51	−0.092%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.50	−0.098%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.42	−0.165%	$225.5M	$50.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.51	−0.089%	$45.3M	$105.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.53	−0.069%	$8.0M	$39.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0107%	1h	116.54	−0.066%	$26.3M	$22.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.52	−0.081%	—	$239.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.818%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	−0.209%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.51	−0.091%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.50	−0.098%	$51.8M	$68.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.50	−0.093%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.65	+0.034%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0553%	1h	116.25	−0.314%	$25K	$55K	20x	as long as short