Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.034%

Price spread now: Nado against Bluefin−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.023% cheaper against Bluefin than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SOL-PERP	116.53	0.0100	pay 0.0013% / 1h	1m 58s	$27K	$36K	25x
Short	Nado SOL-PERP	116.50	0.0100	get 0.0012% / 1h	1m 58s	$5.3M	$41.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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

Position, each leg$Hold fordaysFee BluefinbpFee NadobpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → 0.000%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$16.25
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Nado: live order book, 2 min ago. Net counts fees only.

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 Bluefin no order-book sample	—	—	—	—	—
Sell Nado live order book, 2 min ago	0.43 bp	3.9 bp −$4	3.9 bp −$39	8.2 bp −$822	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	−0.0208%	1h	116.60	+0.061%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.48	−0.035%	$737.6M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.54	+0.009%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.53	+0.004%	$32.3M	$106.1M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.51	−0.015%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0046%	1h	116.51	−0.016%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.54	+0.012%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.59	+0.058%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.58	+0.051%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0017%	1h	116.58	+0.045%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0036%	8h	116.50	−0.022%	$480.4M	$459.2M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.57	+0.039%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.54	+0.011%	$8.0M	$402.2M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.49	−0.027%	$2.2M	$17.0M	25x	as long as short
SoDEX SOL-USD	+0.0067%	1h	116.50	−0.021%	$6.1M	$11.0M	20x	as long as short
Aster SOLUSDT	+0.0073%	8h	116.50	−0.021%	$176.4M	$169.4M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0081%	1h	116.58	+0.047%	$26.4M	$21.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0082%	8h	116.50	−0.021%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.57	+0.035%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.51	−0.015%	$13.1M	$61.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.51	−0.012%	$353K	$254K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.52	−0.004%	$66K	$910K	20x	as long as short
Nado SOL-PERPshort	+0.0100%	1h	116.50	−0.023%	$5.3M	$41.5M	40x
Hyperliquid SOL	+0.0100%	1h	116.63	+0.090%	$701.0M	$408.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.58	+0.044%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.51	−0.017%	$965.6M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.52	−0.004%	$367.2M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	+0.039%	$217K	$825K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.56	+0.026%	$899K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.021%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.51	−0.013%	$851.9M	$677.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.51	−0.013%	$369.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.52	−0.004%	$132.9M	$233.1M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.48	−0.040%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.51	−0.013%	$23.0M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.69	+0.146%	$25.1M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.63	+0.093%	$93.6M	$408.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.085%	$47.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.66	+0.114%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.63	+0.090%	$1.3M	$11.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.50	−0.021%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	−0.006%	$241K	$1.7M	20x	as long as short
Bluefin SOL-PERPlong	+0.0100%	1h	116.53	long leg	$27K	$36K	25x
SunX SOL-USDT	+0.0100%	8h	116.53	+0.008%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.50	−0.020%	$225.6M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.54	+0.013%	$45.3M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.47	−0.050%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.55	+0.024%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	+0.082%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.73	+0.176%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.48	−0.039%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.53	+0.004%	$52.1M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.53	+0.004%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.61	+0.072%	$2.1M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0488%	1h	116.63	+0.093%	$25K	$57K	20x	as long as short