Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.034%

Price spread now: 01 Exchange against BloFin−0.025%7-day average +0.036% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on BloFin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 3 days (all we have)+0.259%+$26 · spread now −0.025%, 7d avg +0.036%

Together, before fees+0.170%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.061% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SOL-USDT	119.20	0.0220	pay 0.0220% / 8h	1h 14m	$52.1M	$82.8M	125x
Short	01 Exchange SOLUSD	119.17	0.0072	get 0.0009% / 1h	14m 26s	$104K	$155K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.025%Rate

Funding earned: −$31.08
Price spread: −0.025% → +0.036%: −$6.07
Slippage, 4 orders: −$7.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$63.83
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; 01 Exchange: 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	7.1 bp −$7	7.6 bp −$76	8.8 bp −$878	16.3 bp −$8,160
Sell 01 Exchange live order book, 5 min ago	0.84 bp	6.5 bp −$6	12.0 bp −$120	doesn't fit	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
Bluefin SOL-PERP	−0.0315%	1h	119.14	−0.055%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.04	−0.137%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.16	−0.035%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.11	−0.076%	—	$722K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.14	−0.053%	$112K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.22	+0.020%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.20	+0.003%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.20	0.000%	$177K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0048%	1h	119.18	−0.018%	$119K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.28	+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
Aftermath Perps SOLUSD	+0.0067%	1h	119.24	+0.036%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0068%	8h	119.13	−0.056%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSDshort	+0.0072%	1h	119.17	−0.025%	$104K	$155K	20x
BingX SOL-USDC	+0.0080%	8h	119.12	−0.065%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	119.17	−0.025%	$232.0M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0091%	8h	119.11	−0.076%	$869.5M	$686.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.15	−0.039%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.16	−0.030%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.12	−0.063%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.10	−0.088%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.15	−0.042%	$46K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.17	−0.021%	$6.1M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.23	+0.025%	$718.3M	$417.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.15	−0.042%	$178.4M	$176.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.20	−0.003%	$12.3M	$118.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.12	−0.069%	$983.8M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.15	−0.045%	$827.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.11	−0.076%	$372.4M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.19	−0.008%	$233K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.19	−0.013%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.28	+0.069%	$133.9M	$7.8M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.12	−0.067%	$459.5M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.14	−0.047%	$140.0M	$201.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.11	−0.076%	$495.3M	$455.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.21	+0.008%	$24.1M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.22	+0.017%	$27.3M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.23	+0.028%	$95.8M	$401.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.17	−0.025%	$48.8M	$31.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.19	−0.008%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.18	−0.017%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.16	−0.034%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.12	−0.067%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.15	−0.044%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.12	−0.067%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.19	−0.008%	$46.6M	$102.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.12	−0.069%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.23	+0.029%	$8.2M	$416.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.16	−0.033%	—	$224.1M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0125%	1h	119.18	−0.014%	$26.7M	$27.7M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.24	+0.031%	$32.7M	$96.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0072%	1h	119.13	−0.058%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.13	−0.058%	$1.1M	$552K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.18	−0.016%	$1.7M	$5.8M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.151%	$4K	$2K	12x	as long as short
BloFin SOL-USDTlong	+0.0220%	8h	119.20	long leg	$52.1M	$82.8M	125x