Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.037%

Price spread now: BloFin against Bullet+0.027%48s7-day average −0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.240% of the position

Long on Bullet Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.122%+$12 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.027%, 7d avg −0.002%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.029% dearer against Bullet than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	116.78	0.0100	pay 0.0013% / 1h	56m 21s	$235K	$1.7M	20x
Short	BloFin SOL-USDT	116.81	0.0220	get 0.0220% / 8h	1h 56m	$52.1M	$68.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bullet. 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 BulletbpFee BloFinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $25.2
Price spread: +0.027% → −0.002%: $2.87
Slippage, 4 orders: −$3.96
Fee Bullet: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.12
Costs to cover: 0.240%
Break-even: 5.9 days

Slippage from Bullet: live order book, 3 min ago; BloFin: live order book, 3 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 Bullet live order book, 3 min ago	0.04 bp	5.4 bp −$5	6.8 bp −$68	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.43 bp	6.4 bp −$6	7.0 bp −$70	8.3 bp −$827	13.2 bp −$6,589

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
Bybit SOLUSDT	−0.0106%	8h	116.72	−0.049%	$741.7M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.93	+0.132%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	116.84	+0.050%	$98K	$684K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.76	−0.018%	$32.9M	$104.0M	100x	as long as short
Derive SOL-PERP	−0.0048%	1h	116.66	−0.105%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0025%	1h	116.76	−0.012%	—	$625K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.78	−0.003%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.80	+0.016%	$4.3M	$23.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.83	+0.044%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.76	−0.015%	$110K	$3.6M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0024%	1h	116.74	−0.033%	$2.2M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.80	+0.018%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.74	−0.030%	$8.0M	$406.5M	50x	as long as short
Bitget SOLUSDT	+0.0056%	8h	116.73	−0.038%	$481.3M	$461.6M	100x	as long as short
SoDEX SOL-USD	+0.0063%	1h	116.72	−0.051%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0092%	8h	116.76	−0.013%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.74	−0.037%	$13.1M	$60.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.77	−0.009%	$351K	$247K	20x	as long as short
Aster SOLUSDT	+0.0097%	8h	116.75	−0.026%	$176.0M	$176.6M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.76	−0.018%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.76	−0.016%	$64K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.71	−0.055%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.89	+0.092%	$700.7M	$408.8M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.80	+0.014%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.76	−0.020%	$969.9M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.74	−0.033%	$371.5M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.67	−0.093%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.81	+0.022%	$906K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.231%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.76	−0.016%	$848.0M	$661.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.76	−0.016%	$364.2M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.77	−0.010%	$128.9M	$232.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.73	−0.045%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.78	+0.001%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.86	+0.072%	$24.7M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.81	+0.024%	$93.8M	$409.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.91	+0.114%	$47.8M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.95	+0.146%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.99	+0.181%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.76	−0.016%	$317K	$2.8M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	116.78	long leg	$235K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	116.76	−0.013%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.75	−0.028%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.76	−0.017%	$226.1M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.72	−0.051%	$45.4M	$105.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.71	−0.060%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.80	+0.020%	—	$235.6M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0145%	1h	116.82	+0.033%	$26.5M	$22.1M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.266%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.94	+0.138%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.75	−0.027%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	116.81	+0.027%	$52.1M	$68.5M	125x
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.77	−0.004%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.86	+0.067%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0493%	1h	116.91	+0.113%	$25K	$56K	20x	as long as short