Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:05 UTC+0.0235%/8h= +25.7% APRpaid last 24h −0.047%

Price spread now: Perpl against Bluefin+0.009%7-day average — · you sell dearer than you buy

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

Long on Bluefin Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days+0.323%+$32 on $10k

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SOL-PERP	116.66	0.0100	pay 0.0013% / 1h	23m 25s	$25K	$29K	25x
Short	Perpl SOL	116.67	0.0335	get 0.0030% / 43m	37m 25s	$139K	$3.7M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.009%Rate

Funding earned: $49.33
Price spread: +0.009% → 0.000%: $0.86
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $29.38
Costs to cover: 0.208%
Break-even: 2.8 days

Slippage unknown: Bluefin: no order-book sample; Perpl: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bluefin no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

Bluefin and Perpl: 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	−0.0120%	1h	116.81	+0.125%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.63	−0.025%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.81	+0.123%	$913	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.67	+0.006%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.73	+0.055%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.70	+0.033%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0022%	1h	116.63	−0.024%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.68	+0.015%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.70	+0.030%	$7.5M	$405.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.69	+0.023%	$31.1M	$100.2M	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	+0.0091%	8h	116.68	+0.019%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.69	+0.020%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.68	+0.013%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.68	+0.015%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.63	−0.027%	$51K	$868K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.71	+0.044%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.68	+0.016%	$5.3M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.75	+0.075%	$704.7M	$395.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.65	−0.010%	$174.8M	$182.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.71	+0.043%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.67	+0.007%	$969.8M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.61	−0.045%	$782.7M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.67	+0.007%	$369.3M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.71	+0.041%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.67	+0.011%	$928K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.65	−0.010%	$842.0M	$662.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.67	+0.007%	$389.1M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.66	−0.006%	$127.9M	$219.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.66	+0.001%	$479.4M	$441.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.65	−0.009%	—	$365.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.74	+0.067%	$23.3M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.61	−0.042%	$24.3M	$113.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.72	+0.051%	$93.7M	$398.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.73	+0.055%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.81	+0.127%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.80	+0.118%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.64	−0.019%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.65	−0.008%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERPlong	+0.0100%	1h	116.66	long leg	$25K	$29K	25x
SunX SOL-USDT	+0.0100%	8h	116.64	−0.017%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.69	+0.024%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.69	+0.023%	$226.4M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.75	+0.075%	$45.6M	$102.1M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.033%	$133.2M	$21.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.64	−0.019%	$8.3M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.67	+0.003%	—	$231.0M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0123%	1h	116.74	+0.070%	$26.4M	$25.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.058%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.83	+0.144%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.63	−0.026%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.76	+0.084%	$51.7M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	116.66	+0.002%	$3.6M	—	200x	as long as short
Perpl SOLshort	+0.0335%	43m	116.67	+0.009%	$139K	$3.7M	8.3x
Aftermath Perps SOLUSD	+0.0526%	1h	116.76	+0.082%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.72	+0.054%	$1.9M	$4.9M	20x	as long as short