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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0251%/8h= −27.5% APRnext payment $0.31 per $10,000 · paid last 24h +0.129%
Price spread now: Injective against Bluefin+0.099%59s7-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+0.669%+$67 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Injective is 0.099% dearer against Bluefin than usual: you sell high and buy low (spread +0.099% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 7 days funding on this pair paid +0.669%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin SOL-PERP119.290.0100pay 0.0013% / 1h8m 18s$38K$16K25x
ShortInjective SOL/USDC PERP119.41−0.0151pay 0.0019% / 1h8m 18s$4K$2K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$52.78
Price spread: +0.099% → 0.000%
$9.89
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$49.91
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Bluefin: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample
Sell Injective no order-book sample
Bluefin and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SOL/USDC PERPshort−0.0151%1h119.41+0.099%$4K$2K12x
Hotstuff SOL-PERP−0.0080%1h119.27−0.021%$846$8K25xas long as short
Vest SOL-PERP−0.0071%1h119.23−0.051%$724K20xas long as short
Derive SOL-PERP−0.0056%1h119.20−0.081%$2.0M$3.1M13xas long as short
dYdX SOL-USD−0.0007%1h119.29−0.003%$4.9M$27.1M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h119.30+0.003%$54K150xas long as short
Kalshi KXSOLPERP0.0000%8h119.32+0.028%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.32+0.023%$179K$4.0M8.3xas long as short
Deribit SOL_USDC-PERPETUAL+0.0004%1h119.34+0.043%$26.8M$27.7M50xas long as short
Aftermath Perps SOLUSD+0.0041%1h119.42+0.110%$24K$47K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SOL-USDT+0.0055%8h119.26−0.030%$232.3M$44.7M75xas long as short
Orderly PERP_SOL_USDC+0.0062%8h119.29−0.003%$1.1M$5.9M100xas long as short
Hibachi SOL/USDT-P+0.0064%1h119.46+0.140%$120K$633K20xas long as short
01 Exchange SOLUSD+0.0072%1h119.31+0.015%$104K$153K20xas long as short
BingX SOL-USDC+0.0080%8h119.28−0.009%$10.5Mas long as short
Gate SOL_USDT+0.0089%8h119.25−0.035%$870.7M$688.9M100xas long as short
Lighter SOL+0.0096%1h119.27−0.018%$13.7M$55.6M25xas long as short
Lighter RH SOL+0.0096%1h119.26−0.029%$2.1M$17.0M25xas long as short
Aevo SOL-PERP+0.0096%1h119.26−0.023%$354K$747K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h119.25−0.035%$1.0M$523K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.29−0.002%$49K$785K20xas long as short
Nado SOL-PERP+0.0100%1h119.26−0.023%$6.3M$42.0M40xas long as short
Hyperliquid SOL+0.0100%1h119.38+0.074%$720.3M$413.6M20xas long as short
Aster SOLUSDT+0.0100%8h119.26−0.025%$178.9M$176.0M100xas long as short
Pacifica SOL+0.0100%1h119.31+0.015%$12.4M$115.7M20xas long as short
Binance SOLUSDT+0.0100%8h119.27−0.022%$977.4M$3.78B100xas long as short
Bybit SOLUSDT+0.0100%8h119.28−0.008%$824.7M$1.27B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.25−0.035%$371.6M$1.72B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.22−0.060%$234K$872K10xas long as short
Arcus SOL-USD+0.0100%1h119.33+0.033%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h119.25−0.035%$133.7M$10.9M20xas long as short
MEXC SOL_USDT+0.0100%8h119.27−0.018%$450.5M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.27−0.017%$140.3M$198.3M75xas long as short
Bitget SOLUSDT+0.0100%8h119.27−0.021%$497.5M$453.2M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.33+0.032%$24.3M$38.2M50xas long as short
Variational Omni SOL+0.0100%8h119.41+0.101%$27.4M$127.6Mas long as short
edgeX SOLUSDC+0.0100%4h119.34+0.041%$95.9M$397.6M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.38+0.078%$48.9M$33.1M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.37+0.068%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.34+0.040%$1.4M$13.3M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.27−0.018%$364K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.26−0.023%$202K$1.7M20xas long as short
Bluefin SOL-PERPlong+0.0100%1h119.29long leg$38K$16K25x
SunX SOL-USDT+0.0100%8h119.25−0.031%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.27−0.018%$6.3M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.28−0.010%$46.6M$101.8M50xas long as short
Extended SOL-USD+0.0104%1h119.25−0.034%$8.7M$36.6M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.33+0.031%$8.2M$416.8M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.34+0.037%$221.8M500xas long as short
Phoenix SOL+0.0154%1h119.34+0.040%$6.6M$12.5M25xas long as short
GMX SOL/USD [SOL-USDC]L +0.0171% / S −0.0089%1h119.29−0.001%$3.6M200xas long as short
RISEx SOL/USDC+0.0175%1h119.32+0.020%$1.6M$6.0M20xas long as short
Reya SOLRUSDPERP+0.0180%1h119.26−0.025%$1.1M$558K25xas long as short
BloFin SOL-USDT+0.0220%8h119.30+0.007%$52.0M$86.8M125xas long as short
Kraken Futures PF_SOLUSD+0.0223%1h119.30+0.008%$35.5M$91.3M100xas long as short