Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.038%

Price spread now: SoDEX against BloFin0.000%7-day average −0.007% · 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−$22as in the Price arb table

costs, in and out, $10k−$230.225% of the position

Long on BloFin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.109%−$11 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now 0.000%, 7d avg −0.007%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SOL-USDT	118.69	0.0220	pay 0.0220% / 8h	19m 09s	$52.2M	$80.6M	125x
Short	SoDEX SOL-USD	118.69	0.0100	get 0.0013% / 1h	19m 09s	$6.2M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$25.2
Price spread: 0.000% → −0.007%: $0.72
Slippage, 4 orders: −$2.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$47.01
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; SoDEX: 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 BloFin live order book, 5 min ago	0.84 bp	6.8 bp −$7	6.8 bp −$68	9.1 bp −$910	17.6 bp −$8,777
Sell SoDEX live order book, 5 min ago	0.42 bp	4.4 bp −$4	5.1 bp −$51	17.3 bp −$1,730	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	−0.0089%	1h	118.63	−0.053%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.64	−0.042%	$841	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.66	−0.026%	—	$723K	20x	as long as short
ApeX Omni SOLUSDT	−0.0032%	1h	118.43	−0.219%	$1.5M	$6.2M	50x	as long as short
dYdX SOL-USD	−0.0013%	1h	118.63	−0.051%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.73	+0.032%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.68	−0.006%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.72	+0.027%	$175K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0019%	1h	118.74	+0.039%	$26.6M	$25.8M	50x	as long as short
Gate SOL_USDT	+0.0075%	8h	118.67	−0.017%	$865.3M	$683.9M	100x	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	+0.0075%	8h	118.72	+0.024%	$1.0M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.73	+0.034%	$103K	$157K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.63	−0.047%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0080%	8h	118.67	−0.021%	$231.0M	$45.2M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.67	−0.014%	$13.4M	$56.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.66	−0.029%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.69	+0.001%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.69	−0.001%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.71	+0.016%	$8.1M	$416.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.66	−0.021%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.69	0.000%	$45K	$806K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	+0.029%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.77	+0.067%	$718.3M	$410.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.71	+0.014%	$178.7M	$178.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.69	0.000%	$12.2M	$121.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.68	−0.008%	$977.7M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.70	+0.008%	$823.4M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.66	−0.025%	$369.7M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.57	−0.101%	$228K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.75	+0.051%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.73	+0.031%	$133.6M	$4.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.69	0.000%	$425.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.72	+0.024%	$137.6M	$205.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.65	−0.033%	$492.1M	$461.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.69	0.000%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.63	−0.051%	$27.1M	$129.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.40	−0.243%	$95.1M	$402.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.54	−0.126%	$48.6M	$31.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.66	−0.025%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.72	+0.025%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.70	+0.010%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.70	+0.013%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.63	−0.055%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USDshort	+0.0100%	1h	118.69	0.000%	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	118.70	+0.008%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.70	+0.008%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.66	−0.027%	$8.6M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.70	+0.004%	$32.4M	$97.3M	100x	as long as short
Aftermath Perps SOLUSD	+0.0111%	1h	118.71	+0.016%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.66	−0.025%	—	$226.5M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0167% / S −0.0067%	1h	118.72	+0.024%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.185%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.72	+0.025%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	118.69	long leg	$52.2M	$80.6M	125x
RISEx SOL/USDC	+0.0226%	1h	118.72	+0.024%	$1.8M	$5.3M	20x	as long as short