Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Backpack against Bitget+0.069%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Bitget Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 7 days−0.743%−$74 · spread now +0.069%, 7d avg +0.084%

Together, before fees−0.634%−$63 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOLUSDT	119.44	0.0100	pay 0.0100% / 8h	1h 54m	$497.0M	$455.0M	100x
Short	Backpack SOL_USDC_PERP	119.52	0.0100	get 0.0013% / 1h	54m 29s	$24.2M	$38.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bitget. 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 BitgetbpFee BackpackbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.084%: −$1.55
Slippage, 4 orders: −$2.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$26.26
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Backpack: live order book, 5 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 Bitget live order book, 5 min ago	0.04 bp	7.6 bp −$8	8.5 bp −$85	12.0 bp −$1,201	doesn't fit
Sell Backpack live order book, 5 min ago	0.42 bp	5.4 bp −$5	6.1 bp −$61	8.3 bp −$829	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
Derive SOL-PERP	−0.0094%	1h	119.39	−0.040%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.52	+0.071%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.40	−0.033%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0007%	1h	119.50	+0.052%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.44	+0.002%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.36	−0.067%	$1.2M	$20.7M	3.1x	as long as short
Hibachi SOL/USDT-P	0.0000%	1h	119.52	+0.069%	$120K	$625K	20x	as long as short
Perpl SOL	0.0000%	43m	119.47	+0.030%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0018%	1h	119.55	+0.097%	$26.8M	$27.6M	50x	as long as short
Aftermath Perps SOLUSD	+0.0057%	1h	119.31	−0.108%	$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
Orderly PERP_SOL_USDC	+0.0064%	8h	119.44	−0.001%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	119.47	+0.023%	$232.7M	$44.7M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.44	+0.006%	—	$375.4M	—	as long as short
Gate SOL_USDT	+0.0094%	8h	119.46	+0.018%	$870.0M	$675.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.52	+0.068%	$13.7M	$54.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.50	+0.055%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.52	+0.069%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.46	+0.019%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.43	−0.003%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.45	+0.010%	$46K	$791K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.48	+0.035%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.56	+0.102%	$721.4M	$413.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.49	+0.042%	$179.1M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.54	+0.087%	$12.4M	$116.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.43	−0.007%	$979.1M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.45	+0.009%	$824.9M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.40	−0.032%	$372.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.44	+0.002%	$233K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.56	+0.100%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.05	−0.322%	$133.5M	$10.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.44	+0.002%	$435.9M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.45	+0.013%	$140.9M	$199.1M	75x	as long as short
Bitget SOLUSDTlong	+0.0100%	8h	119.44	long leg	$497.0M	$455.0M	100x
Backpack SOL_USDC_PERPshort	+0.0100%	1h	119.52	+0.069%	$24.2M	$38.7M	50x
Variational Omni SOL	+0.0100%	8h	119.31	−0.103%	$27.4M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.12	−0.265%	$95.7M	$396.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.21	−0.193%	$48.8M	$32.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.13	−0.258%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.53	+0.077%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.45	+0.010%	$366K	$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	119.49	+0.040%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.46	+0.015%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.50	+0.052%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.48	+0.035%	$46.7M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.48	+0.035%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.55	+0.091%	$8.2M	$417.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.53	+0.080%	—	$222.4M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.52	+0.068%	$32.8M	$94.8M	100x	as long as short
Phoenix SOL	+0.0154%	1h	119.37	−0.057%	$6.6M	$13.6M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.44	+0.002%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.43	−0.009%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.52	+0.067%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	−0.023%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.48	+0.035%	$52.0M	$87.2M	125x	as long as short