Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: SoDEX against Bulk−0.102%7-day average −0.025% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Bulk Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.102%, 7d avg −0.025%

Together, before fees+0.007%+$1 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: SoDEX is 0.078% cheaper against Bulk than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SOL-USD	119.28	0.0100	pay 0.0013% / 1h	19m 55s	$133.9M	$7.8M	20x
Short	SoDEX SOL-USD	119.16	0.0100	get 0.0013% / 1h	19m 55s	$6.2M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.025%: −$7.75
Slippage, 4 orders: −$9.22
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$31.97
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Bulk: live order book, 4 min ago; SoDEX: 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	7.7 bp −$3,845
Sell SoDEX live order book, 4 min ago	0.42 bp	4.4 bp −$4	5.4 bp −$54	17.0 bp −$1,695	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
Bluefin SOL-PERP	−0.0424%	1h	119.17	−0.092%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0107%	1h	119.08	−0.171%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.28	−0.003%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.21	−0.061%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.29	+0.009%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.23	−0.046%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.30	+0.013%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.30	+0.018%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	119.39	+0.094%	$120K	$612K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	+0.065%	$6.5M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0060%	1h	119.21	−0.062%	$26.7M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0065%	1h	119.31	+0.026%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.18	−0.089%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.25	−0.027%	$104K	$155K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.20	−0.066%	—	$374.5M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.17	−0.093%	$232.0M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0089%	8h	119.19	−0.077%	$869.8M	$685.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.17	−0.098%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.15	−0.113%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.16	−0.102%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.26	−0.017%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.25	−0.027%	$47K	$796K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.28	−0.004%	$6.1M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.25	−0.027%	$718.4M	$417.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.21	−0.060%	$178.5M	$177.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.31	+0.026%	$12.4M	$117.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.21	−0.060%	$984.8M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.23	−0.041%	$825.7M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.20	−0.069%	$372.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.38	+0.082%	$234K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.34	+0.049%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USDlong	+0.0100%	1h	119.28	long leg	$133.9M	$7.8M	20x
MEXC SOL_USDT	+0.0100%	8h	119.21	−0.060%	$456.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.22	−0.055%	$140.2M	$202.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.21	−0.059%	$495.4M	$455.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.18	−0.086%	$24.1M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.34	+0.049%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.14	−0.115%	$95.7M	$400.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.37	+0.074%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.24	−0.035%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.36	+0.065%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.21	−0.060%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.21	−0.063%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.17	−0.096%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USDshort	+0.0100%	1h	119.16	−0.102%	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	119.21	−0.060%	$46.6M	$102.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.18	−0.085%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.18	−0.082%	$8.1M	$416.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.29	+0.009%	—	$223.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.17	−0.097%	$32.6M	$96.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0068%	1h	119.22	−0.051%	$3.8M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.20	−0.071%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.33	+0.043%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.38	+0.082%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	+0.040%	$52.2M	$82.9M	125x	as long as short