Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.042%

Price spread now: dYdX against Bitget−0.031%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.031%, 7d avg −0.007%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.024% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOLUSDT	117.46	0.0100	pay 0.0100% / 8h	5h 34m	$486.8M	$432.9M	100x
Short	dYdX SOL-USD	117.43	0	get 0.0000% / 1h	34m 57s	$4.5M	$24.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$21
Price spread: −0.031% → −0.007%: −$2.45
Slippage, 4 orders: −$17.56
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$63.01
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; dYdX: live order book, 4 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, 4 min ago	0.04 bp	6.3 bp −$6	7.4 bp −$74	12.0 bp −$1,204	doesn't fit
Sell dYdX live order book, 4 min ago	7.26 bp	12.3 bp −$12	28.8 bp −$288	52.4 bp −$5,236	118.8 bp −$59.4K

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
Hotstuff SOL-PERP	−0.0080%	1h	117.44	−0.024%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.39	−0.066%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.48	+0.015%	$31.6M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.42	−0.037%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.49	+0.021%	$56K	—	150x	as long as short
dYdX SOL-USDshort	0.0000%	1h	117.43	−0.031%	$4.5M	$24.1M	20x
Kalshi KXSOLPERP	0.0000%	8h	117.46	−0.005%	$1.4M	$19.4M	3.1x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.44	−0.020%	$100K	$163K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	117.32	−0.119%	$102K	$693K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.51	+0.039%	$8.0M	$403.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0065%	1h	117.52	+0.048%	$26.4M	$24.9M	50x	as long as short
HTX SOL-USDT	+0.0076%	8h	117.42	−0.036%	$228.1M	$45.5M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.45	−0.008%	—	$363.3M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.50	+0.031%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.49	+0.020%	$13.1M	$59.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.47	+0.006%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.48	+0.014%	$344K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.38	−0.071%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.42	−0.034%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.37	−0.075%	$5.8M	$39.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.48	+0.017%	$176.9M	$178.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.42	−0.036%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.45	−0.011%	$966.1M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.47	+0.006%	$824.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.45	−0.011%	$366.0M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.41	−0.045%	$237K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.43	−0.031%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.44	−0.018%	$135.1M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.46	−0.003%	$858.1M	$648.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.44	−0.020%	$426.5M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.49	+0.020%	$129.8M	$212.4M	75x	as long as short
Bitget SOLUSDTlong	+0.0100%	8h	117.46	long leg	$486.8M	$432.9M	100x
Backpack SOL_USDC_PERP	+0.0100%	1h	117.45	−0.011%	$23.6M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.44	−0.018%	$24.3M	$116.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.14	−0.274%	$94.1M	$399.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.35	−0.100%	$48.1M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.23	−0.196%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.38	−0.071%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.47	+0.006%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.48	+0.010%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.44	−0.015%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.37	−0.079%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.48	+0.014%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.48	+0.014%	$45.7M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.42	−0.039%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.46	−0.004%	—	$218.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.52	+0.049%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.50	+0.034%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0167%	1h	117.58	+0.100%	$718.3M	$392.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.46	−0.003%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	−0.071%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.48	+0.014%	$51.8M	$71.3M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.48	+0.013%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.48	+0.013%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0389%	1h	117.40	−0.056%	$25K	$51K	20x	as long as short