Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%

Price spread now: Nado against BloFin+0.041%7-day average +0.006% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.118%−$12 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now +0.041%, 7d avg +0.006%

Together, before fees+0.008%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.035% dearer against BloFin than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of +0.006%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SOL-USDT	116.59	0.0220	pay 0.0220% / 8h	3h 26m	$51.9M	$67.2M	125x
Short	Nado SOL-PERP	116.64	0.0100	get 0.0012% / 1h	26m 44s	$5.4M	$40.2M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.041%Rate

Funding earned: −$25.2
Price spread: +0.041% → +0.006%: $3.54
Slippage, 4 orders: −$2.55
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$43.21
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Nado: live order book, 2 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 BloFin live order book, 7 min ago	0.43 bp	6.4 bp −$6	6.4 bp −$64	8.0 bp −$804	16.5 bp −$8,274
Sell Nado live order book, 2 min ago	0.43 bp	3.9 bp −$4	3.9 bp −$39	8.2 bp −$824	26.6 bp −$13.3K

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	−0.0193%	1h	116.59	−0.002%	$31.0M	$101.1M	100x	as long as short
Hibachi SOL/USDT-P	−0.0176%	1h	116.72	+0.111%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0093%	1h	116.59	−0.002%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.66	+0.057%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0004%	8h	116.46	−0.112%	$756.8M	$1.38B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.62	+0.023%	$42K	—	150x	as long as short
dYdX SOL-USD	+0.0013%	1h	116.57	−0.019%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.54	−0.047%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.61	+0.015%	$7.6M	$404.9M	50x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	116.63	+0.034%	$99K	$174K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0090%	1h	116.59	+0.002%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.61	+0.016%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.58	−0.012%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.55	−0.034%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.59	+0.003%	$349K	$246K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.58	−0.009%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.59	−0.004%	$1.0M	$551K	50x	as long as short
Nado SOL-PERPshort	+0.0100%	1h	116.64	+0.041%	$5.4M	$40.2M	40x
Hyperliquid SOL	+0.0100%	1h	116.66	+0.060%	$704.3M	$394.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.53	−0.051%	$174.6M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.59	−0.001%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.54	−0.041%	$972.3M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.56	−0.026%	$366.2M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	−0.017%	$229K	$839K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.57	−0.015%	$920K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.137%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.53	−0.051%	$851.6M	$663.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.56	−0.026%	$366.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.54	−0.042%	$129.0M	$223.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.51	−0.065%	$480.9M	$444.7M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.50	−0.075%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	−0.043%	$23.0M	$40.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.79	+0.175%	$24.6M	$113.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	+0.124%	$93.7M	$399.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	+0.077%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	+0.240%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	+0.077%	$1.3M	$12.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.60	+0.009%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.61	+0.017%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.60	+0.009%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.59	0.000%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.55	−0.037%	$225.9M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.64	+0.043%	$45.7M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.50	−0.081%	$8.3M	$37.7M	50x	as long as short
Kalshi KXSOLPERP	+0.0106%	8h	116.62	+0.027%	$1.4M	$19.0M	3.1x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.094%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.68	+0.077%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.77	+0.154%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0163%	1h	116.66	+0.056%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.58	−0.005%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	116.59	long leg	$51.9M	$67.2M	125x
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.61	+0.016%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.69	+0.085%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0547%	1h	116.78	+0.163%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.61	+0.020%	$1.9M	$4.8M	20x	as long as short