Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0847%/8hpaid last 24h +0.128%

Price spread now: Injective against BloFin+0.297%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.297% dearer against BloFin than usual: you sell high and buy low (spread +0.297% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.166% in total) that is about 12 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.7% 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	BloFin SOL-USDT	117.95	0.0220	pay 0.0220% / 8h	4h 05m	$51.7M	$90.2M	125x
Short	Injective SOL/USDC PERP	118.30	−0.0627	pay 0.0078% / 1h	5m 48s	$4K	$41K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.297%Rate

Funding earned: −$177.79
Price spread: +0.297% → 0.000%: $29.67
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$160.14
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 3 min ago; Injective: 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, 3 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	8.1 bp −$813	15.3 bp −$7,649
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Injective SOL/USDC PERPshort	−0.0627%	1h	118.30	+0.297%	$4K	$41K	12x
dYdX SOL-USD	−0.0125%	1h	117.94	−0.008%	$4.7M	$25.3M	20x	as long as short
Vest SOL-PERP	−0.0106%	1h	117.86	−0.074%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.95	−0.003%	$836	$8K	25x	as long as short
Derive SOL-PERP	−0.0041%	1h	117.83	−0.098%	$1.9M	$3.0M	13x	as long as short
Aftermath Perps SOLUSD	−0.0009%	1h	118.06	+0.090%	$24K	$45K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.93	−0.016%	$57K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.97	+0.015%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.91	−0.034%	$166K	$4.0M	8.3x	as long as short
HTX SOL-USDT	+0.0036%	8h	117.84	−0.091%	$229.8M	$41.9M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SOL-USDC	+0.0052%	8h	117.92	−0.027%	—	$10.4M	—	as long as short
Orderly PERP_SOL_USDC	+0.0052%	8h	117.93	−0.016%	$1.1M	$5.6M	100x	as long as short
KuCoin SOLUSDTM	+0.0053%	8h	117.93	−0.014%	$140.9M	$172.6M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0061%	1h	117.92	−0.024%	$34.1M	$84.4M	100x	as long as short
ApeX Omni SOLUSDT	+0.0064%	1h	118.04	+0.076%	$1.5M	$6.3M	50x	as long as short
Bitget SOLUSDT	+0.0065%	8h	117.91	−0.033%	$494.4M	$436.8M	100x	as long as short
Gate SOL_USDT	+0.0077%	8h	117.91	−0.034%	$856.1M	$667.1M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	117.95	0.000%	$114K	$133K	20x	as long as short
OKX SOL-USDT-SWAP	+0.0086%	8h	117.87	−0.068%	$366.5M	$1.66B	100x	as long as short
Lighter SOL	+0.0096%	1h	117.90	−0.044%	$13.3M	$50.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.91	−0.034%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.90	−0.045%	$350K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	117.87	−0.071%	$1.0M	$437K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.98	+0.025%	$42K	$735K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.87	−0.065%	$5.5M	$39.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.03	+0.066%	$710.5M	$424.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.90	−0.040%	$178.0M	$169.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	−0.006%	$13.3M	$106.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.88	−0.057%	$965.1M	$3.64B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.89	−0.050%	$813.9M	$1.23B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.88	−0.059%	$233K	$854K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.93	−0.016%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.05	+0.085%	$131.0M	$16.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.93	−0.017%	$481.7M	$1.06B	300x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.94	−0.008%	$24.1M	$37.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.99	+0.038%	$28.0M	$118.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.05	+0.086%	$94.8M	$384.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.04	+0.078%	$48.3M	$32.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.00	+0.042%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.91	−0.034%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.89	−0.055%	$199K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.92	−0.025%	$37K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.89	−0.049%	$191K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.88	−0.059%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.93	−0.017%	$45.9M	$95.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.92	−0.028%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	117.95	−0.002%	$7.8M	$398.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	117.92	−0.025%	—	$206.8M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0124%	1h	117.99	+0.034%	$26.5M	$27.1M	50x	as long as short
Hibachi SOL/USDT-P	+0.0144%	1h	118.04	+0.079%	$121K	$562K	20x	as long as short
Phoenix SOL	+0.0149%	1h	118.13	+0.153%	$7.3M	$11.4M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0172% / S −0.0074%	1h	117.93	−0.019%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	117.88	−0.060%	$1.1M	$534K	25x	as long as short
RISEx SOL/USDC	+0.0185%	1h	117.96	+0.008%	$1.6M	$6.5M	20x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	117.95	long leg	$51.7M	$90.2M	125x