Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0461%/8h= −50.5% APRpaid last 24h −0.003%

Price spread now: Bluefin against BloFin−0.100%54s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.831%−$83 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bluefin is 0.100% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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	BloFin SOL-USDT	118.98	0.0220	pay 0.0220% / 8h	1h 08m	$52.1M	$84.1M	125x
Short	Bluefin SOL-PERP	118.86	−0.0241	pay 0.0030% / 1h	8m 16s	$37K	$17K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against BloFin. 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 BloFinbpFee BluefinbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$96.84
Price spread: −0.100% → 0.000%: −$10
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$125.84
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 min ago; Bluefin: 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 BloFin live order book, 6 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	7.1 bp −$705	11.4 bp −$5,701
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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
Bluefin SOL-PERPshort	−0.0241%	1h	118.86	−0.100%	$37K	$17K	25x
Hotstuff SOL-PERP	−0.0080%	1h	118.98	−0.002%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0064%	1h	118.83	−0.123%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	118.78	−0.168%	$2.0M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.87	−0.095%	$112K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	118.96	−0.014%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.01	+0.028%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.93	−0.042%	$176K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0020%	1h	118.89	−0.074%	$26.6M	$27.8M	50x	as long as short
Phoenix SOL	+0.0054%	1h	118.90	−0.067%	$6.5M	$13.6M	25x	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	+0.0069%	8h	118.87	−0.090%	$1.0M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.91	−0.059%	$104K	$156K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	119.03	+0.044%	$119K	$614K	20x	as long as short
Aftermath Perps SOLUSD	+0.0074%	1h	119.02	+0.037%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.86	−0.103%	—	$374.3M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	118.92	−0.051%	$231.5M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0089%	8h	118.84	−0.118%	$868.1M	$688.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.83	−0.130%	$13.6M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.97	−0.009%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.84	−0.116%	$352K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.96	−0.015%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.89	−0.076%	$46K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.86	−0.101%	$6.0M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.93	−0.042%	$716.4M	$408.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.93	−0.039%	$178.1M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.02	+0.034%	$12.3M	$119.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.87	−0.092%	$979.6M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.88	−0.082%	$826.3M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.85	−0.109%	$371.3M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.80	−0.151%	$233K	$884K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.96	−0.013%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.85	−0.109%	$133.1M	$7.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.85	−0.109%	$453.2M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.85	−0.108%	$139.4M	$202.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.84	−0.113%	$494.7M	$456.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.00	+0.017%	$24.1M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.87	−0.093%	$27.5M	$128.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.86	−0.101%	$95.5M	$400.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.97	−0.009%	$48.7M	$31.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.93	−0.041%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.99	+0.008%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.85	−0.109%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.86	−0.103%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.00	+0.013%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.84	−0.118%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.86	−0.101%	$46.4M	$102.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.83	−0.126%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.87	−0.095%	$8.2M	$415.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.90	−0.066%	—	$224.9M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	118.83	−0.124%	$32.6M	$96.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0072%	1h	118.87	−0.095%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	118.84	−0.117%	$1.1M	$551K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	118.94	−0.032%	$1.7M	$5.8M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.336%	$4K	$2K	12x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	118.98	long leg	$52.1M	$84.1M	125x