Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Katana Perps against Bullet+0.025%7-day average −0.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.004%$0 on $10k
Price spread, last 7 days−0.008%−$1 · spread now +0.025%, 7d avg −0.064%
Together, before fees−0.003%$0 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: Katana Perps is 0.089% dearer against Bullet than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet SOL-USD119.120.0100pay 0.0013% / 1h13m 55s$201K$1.7M20x
ShortKatana Perps SOL-USD119.150.0100get 0.0100% / 8h1h 13m$46K$798K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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

Funding earned
−$0.04
Price spread: +0.025% → −0.064%
$8.94
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$2.91
Costs to cover
0.118%
Break-even
never at this rate
Slippage unknown: Bullet: live order book, just now; Katana Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bullet live order book, just now0.13 bp6.2 bp −$67.6 bp −$76doesn't fitdoesn't fit
Sell Katana Perps no order-book sample
Katana Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERP−0.0315%1h119.14+0.012%$37K$17K25xas long as short
Derive SOL-PERP−0.0107%1h119.04−0.070%$2.0M$3.0M13xas long as short
Hotstuff SOL-PERP−0.0080%1h119.16+0.032%$845$8K25xas long as short
Vest SOL-PERP−0.0065%1h119.11−0.009%$722K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0006% / S +0.0004%1h119.14+0.014%$112K150xas long as short
dYdX SOL-USD−0.0001%1h119.22+0.087%$4.9M$27.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h119.19+0.060%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.20+0.067%$177K$4.0M8.3xas long as short
Hibachi SOL/USDT-P+0.0048%1h119.18+0.049%$119K$612K20xas long as short
Phoenix SOL+0.0054%1h119.28+0.134%$6.5M$13.6M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps SOLUSD+0.0067%1h119.24+0.103%$24K$47K20xas long as short
Orderly PERP_SOL_USDC+0.0068%8h119.13+0.011%$1.1M$5.9M100xas long as short
01 Exchange SOLUSD+0.0072%1h119.17+0.042%$104K$155K20xas long as short
BingX SOL-USDT+0.0080%8h119.07−0.043%$374.6Mas long as short
HTX SOL-USDT+0.0081%8h119.08−0.033%$231.8M$45.0M75xas long as short
Gate SOL_USDT+0.0091%8h119.10−0.017%$869.4M$686.9M100xas long as short
Lighter SOL+0.0096%1h119.12−0.004%$13.6M$55.9M25xas long as short
Lighter RH SOL+0.0096%1h119.10−0.017%$2.1M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h119.12+0.004%$353K$748K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h119.10−0.021%$1.0M$522K50xas long as short
Katana Perps SOL-USDshort+0.0100%8h119.15+0.025%$46K$798K20x
Nado SOL-PERP+0.0100%1h119.17+0.046%$6.1M$41.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.14+0.017%$717.7M$417.3M20xas long as short
Aster SOLUSDT+0.0100%8h119.09−0.027%$178.3M$176.8M100xas long as short
Pacifica SOL+0.0100%1h119.20+0.064%$12.3M$118.5M20xas long as short
Binance SOLUSDT+0.0100%8h119.04−0.066%$983.1M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h119.07−0.045%$826.8M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.05−0.059%$372.3M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h119.19+0.059%$233K$886K10xas long as short
Arcus SOL-USD+0.0100%1h119.19+0.054%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h119.28+0.136%$133.9M$7.8M20xas long as short
MEXC SOL_USDT+0.0100%8h119.06−0.051%$457.8M$1.12B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.09−0.021%$140.0M$201.9M75xas long as short
Bitget SOLUSDT+0.0100%8h119.03−0.077%$495.0M$455.6M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.14+0.017%$24.1M$38.2M50xas long as short
Variational Omni SOL+0.0100%8h119.22+0.084%$27.3M$128.1Mas long as short
edgeX SOLUSDC+0.0100%4h119.23+0.095%$95.8M$401.7M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.17+0.042%$48.8M$31.7M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.19+0.059%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.18+0.050%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.16+0.033%$364K$2.4M20xas long as short
Bullet SOL-USDlong+0.0100%1h119.12long leg$201K$1.7M20x
SunX SOL-USDT+0.0100%8h119.15+0.023%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.120.000%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.13+0.008%$46.6M$102.4M50xas long as short
Extended SOL-USD+0.0104%1h119.05−0.059%$8.7M$36.2M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.15+0.027%$8.2M$416.2M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.16+0.034%$224.1M500xas long as short
Deribit SOL_USDC-PERPETUAL+0.0125%1h119.18+0.053%$26.7M$27.7M50xas long as short
Kraken Futures PF_SOLUSD+0.0150%1h119.13+0.010%$32.7M$96.0M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0170% / S −0.0072%1h119.13+0.009%$3.7M200xas long as short
Reya SOLRUSDPERP+0.0182%1h119.13+0.009%$1.1M$552K25xas long as short
RISEx SOL/USDC+0.0192%1h119.18+0.051%$1.7M$5.8M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.38+0.218%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h119.20+0.067%$52.1M$82.8M125xas long as short