Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0230%/8h= +25.2% APRnext payment +$0.29 per $10,000 · paid last 24h −0.057%
Price spread now: Deribit against Bluefin+0.035%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.520%+$52 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.035% dearer against Bluefin than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin SOL-PERP118.87−0.0166get 0.0021% / 1h32m 56s$37K$17K25x
ShortDeribit SOL_USDC-PERPETUAL118.910.0065get 0.0008% / 1h32m 56s$26.6M$24.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Bluefin. 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

Funding earned
$48.34
Price spread: +0.035% → 0.000%
$3.47
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$37.82
Costs to cover
0.140%
Break-even
1.5 days
Slippage unknown: Bluefin: no order-book sample; Deribit: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample
Sell Deribit live order book, 1 min ago0.25 bp5.0 bp −$55.8 bp −$5819.2 bp −$1,920doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERPlong−0.0166%1h118.87long leg$37K$17K25x
Hotstuff SOL-PERP−0.0080%1h118.99+0.102%$844$8K25xas long as short
Vest SOL-PERP−0.0076%1h118.89+0.018%$608K20xas long as short
Derive SOL-PERP−0.0062%1h118.78−0.080%$2.0M$2.7M13xas long as short
HTX SOL-USDT−0.0050%8h118.85−0.020%$231.2M$43.9M75xas long as short
dYdX SOL-USD−0.0019%1h118.98+0.091%$5.0M$25.7M20xas long as short
Kraken Futures PF_SOLUSD−0.0014%1h118.86−0.009%$32.4M$96.5M100xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h118.87−0.002%$55K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.00+0.110%$1.2M$20.3M3.1xas long as short
Perpl SOL0.0000%43m118.94+0.056%$158K$3.9M8.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0040%1h118.95+0.066%$104K$159K20xas long as short
Phemex SOLUSDT+0.0045%8h118.88+0.007%$46.6M$100.5M50xas long as short
Hibachi SOL/USDT-P+0.0056%1h119.00+0.108%$101K$656K20xas long as short
Deribit SOL_USDC-PERPETUALshort+0.0065%1h118.91+0.035%$26.6M$24.8M50x
BingX SOL-USDC+0.0080%8h118.87+0.002%$10.5Mas long as short
Orderly PERP_SOL_USDC+0.0081%8h118.87−0.004%$1.0M$5.9M100xas long as short
Coinbase International SOL-PERP-INTX+0.0088%1h118.89+0.019%$8.1M$410.5M50xas long as short
Lighter SOL+0.0096%1h118.85−0.019%$14.2M$55.8M25xas long as short
Lighter RH SOL+0.0096%1h118.85−0.018%$2.2M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h118.86−0.012%$348K$247K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h119.00+0.110%$1.0M$520K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.91+0.032%$47K$778K20xas long as short
Nado SOL-PERP+0.0100%1h119.00+0.108%$5.9M$40.9M40xas long as short
Aster SOLUSDT+0.0100%8h118.90+0.024%$179.2M$176.6M100xas long as short
Pacifica SOL+0.0100%1h119.04+0.140%$12.2M$123.9M20xas long as short
Binance SOLUSDT+0.0100%8h118.86−0.010%$978.6M$3.74B100xas long as short
Bybit SOLUSDT+0.0100%8h118.88+0.009%$823.4M$1.26B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.87−0.002%$371.0M$1.70B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.95+0.066%$233K$848K10xas long as short
Arcus SOL-USD+0.0100%1h118.98+0.093%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.80−0.061%$134.2M$6.7M20xas long as short
Gate SOL_USDT+0.0100%8h118.88+0.007%$858.6M$664.5M100xas long as short
MEXC SOL_USDT+0.0100%8h118.90+0.024%$428.3M$1.12B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.92+0.036%$138.2M$202.4M75xas long as short
Bitget SOLUSDT+0.0100%8h118.86−0.012%$493.4M$441.3M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.88+0.007%$24.2M$37.2M50xas long as short
Variational Omni SOL+0.0100%8h119.01+0.113%$27.0M$128.6Mas long as short
edgeX SOLUSDC+0.0100%4h118.94+0.058%$95.5M$404.7M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.92+0.040%$48.7M$29.5M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.01+0.115%$1.5M$6.1M50xas long as short
StandX SOL-USD+0.0100%1h118.86−0.010%$1.4M$13.5M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.92+0.040%$359K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h118.85−0.020%$202K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h118.92+0.041%$193K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h118.85−0.019%$6.2M$10.8M20xas long as short
Hyperliquid SOL+0.0101%1h118.98+0.091%$721.1M$399.2M20xas long as short
Extended SOL-USD+0.0104%1h118.89+0.011%$8.6M$35.2M50xas long as short
Phoenix SOL+0.0114%1h119.01+0.116%$6.5M$13.6M25xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.95+0.064%$219.9M500xas long as short
RISEx SOL/USDC+0.0161%1h118.98+0.092%$1.8M$4.6M20xas long as short
GMX SOL/USD [SOL-USDC]L +0.0165% / S −0.0081%1h118.86−0.008%$3.7M200xas long as short
Injective SOL/USDC PERP+0.0173%1h118.66−0.178%$4K$2K12xas long as short
Aftermath Perps SOLUSD+0.0174%1h118.91+0.033%$25K$50K20xas long as short
Reya SOLRUSDPERP+0.0186%1h118.89+0.019%$1.1M$524K25xas long as short
BloFin SOL-USDT+0.0220%8h118.90+0.024%$51.9M$77.5M125xas long as short