Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Bulk+0.272%7-day average +0.008% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$1as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Bulk Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.284%−$28 · spread now +0.272%, 7d avg +0.008%

Together, before fees−0.284%+ Points / potential airdropPacifica: Active · farm board−$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.263% dearer against Bulk than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	119.35	0.0100	pay 0.0013% / 1h	55m 36s	$133.8M	$7.0M	20x
Short	Pacifica SOL	119.67	0.0100	get 0.0013% / 1h	55m 36s	$12.4M	$119.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bulk. 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 BulkbpFee PacificabpOrdersPrice spread, now +0.272%Rate

Funding earned: $0
Price spread: +0.272% → +0.008%: $26.34
Slippage, 4 orders: −$10.6
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $0.74
Costs to cover: 0.256%
Break-even: from the start

Slippage from Bulk: live order book, 4 min ago; Pacifica: live order book, 4 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 Bulk live order book, 4 min ago	4.19 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$769	12.9 bp −$6,435
Sell Pacifica live order book, 4 min ago	0.42 bp	4.7 bp −$5	doesn't fit	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
Hotstuff SOL-PERP	−0.0080%	1h	119.51	+0.132%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.49	+0.119%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.52	+0.141%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.59	+0.200%	$116K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.70	+0.296%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.56	+0.172%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.54	+0.158%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	119.58	+0.193%	$6.6M	$13.7M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.57	+0.184%	$104K	$157K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0068%	1h	119.69	+0.288%	$26.8M	$26.1M	50x	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	+0.0071%	8h	119.61	+0.221%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.70	+0.291%	—	$371.7M	—	as long as short
HTX SOL-USDT	+0.0083%	8h	119.49	+0.118%	$232.6M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0086%	8h	119.67	+0.268%	$872.7M	$672.4M	100x	as long as short
Aftermath Perps SOLUSD	+0.0093%	1h	119.38	+0.029%	$24K	$47K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.66	+0.256%	$13.7M	$55.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.63	+0.235%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.55	+0.164%	$118K	$608K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.61	+0.220%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.69	+0.282%	$8.3M	$418.6M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.67	+0.266%	$1.1M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.72	+0.310%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.50	+0.130%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.76	+0.340%	$722.8M	$411.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.66	+0.257%	$179.2M	$174.9M	100x	as long as short
Pacifica SOLshort	+0.0100%	1h	119.67	+0.272%	$12.4M	$119.6M	20x
Binance SOLUSDT	+0.0100%	8h	119.64	+0.243%	$985.4M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.71	+0.302%	$832.5M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.68	+0.276%	$373.3M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.58	+0.193%	$234K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.73	+0.321%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	119.35	long leg	$133.8M	$7.0M	20x
MEXC SOL_USDT	+0.0100%	8h	119.69	+0.285%	$455.1M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.65	+0.253%	$140.2M	$203.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.68	+0.276%	$498.3M	$455.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.66	+0.260%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.26	−0.076%	$27.3M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.37	+0.019%	$95.9M	$400.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.37	+0.020%	$48.8M	$31.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.36	+0.006%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.55	+0.168%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.56	+0.176%	$370K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.58	+0.190%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.60	+0.210%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.58	+0.196%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.65	+0.251%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.60	+0.209%	$46.7M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.66	+0.259%	$8.7M	$35.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.67	+0.269%	$32.7M	$96.9M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.56	+0.175%	—	$224.3M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0070%	1h	119.59	+0.198%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.276%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.54	+0.163%	$1.1M	$543K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.50	+0.126%	$52.1M	$84.2M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.75	+0.333%	$1.7M	$5.3M	20x	as long as short