Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Nado against Bullet+0.075%7-day average −0.003% · 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−$12as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on Bullet Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.075%, 7d avg −0.003%

Together, before fees−0.073%+ Points / potential airdropNado: Active · farm board−$7 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: Nado is 0.079% dearer against Bullet than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	118.57	0.0100	pay 0.0013% / 1h	55m 25s	$202K	$1.7M	20x
Short	Nado SOL-PERP	118.66	0.0100	get 0.0012% / 1h	55m 25s	$5.8M	$41.0M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → −0.003%: $7.88
Slippage, 4 orders: −$4.98
Fee Bullet: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$12.1
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from Bullet: live order book, 4 min ago; Nado: 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 Bullet live order book, 4 min ago	0.29 bp	5.8 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.42 bp	3.9 bp −$4	3.9 bp −$39	7.9 bp −$792	27.8 bp −$13.9K

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
ApeX Omni SOLUSDT	−0.0156%	1h	118.82	+0.211%	$1.5M	$6.1M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.70	+0.111%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.59	+0.016%	—	$723K	20x	as long as short
Gate SOL_USDT	−0.0067%	8h	118.56	−0.009%	$859.1M	$658.2M	100x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.50	−0.063%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0023%	1h	118.74	+0.146%	$4.9M	$28.0M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.63	+0.048%	$32.5M	$97.0M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.58	+0.008%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.90	+0.282%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.61	+0.036%	$174K	$3.9M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0040%	1h	118.60	+0.025%	$103K	$159K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0078%	8h	118.59	+0.018%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.58	+0.004%	—	$370.2M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	118.76	+0.158%	$121K	$642K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0083%	1h	118.63	+0.053%	$26.6M	$25.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.62	+0.044%	$8.1M	$415.4M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.68	+0.096%	$13.4M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.70	+0.110%	$2.1M	$16.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.60	+0.023%	$348K	$622K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.64	+0.058%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.57	−0.001%	$45K	$797K	20x	as long as short
Nado SOL-PERPshort	+0.0100%	1h	118.66	+0.075%	$5.8M	$41.0M	40x
Hyperliquid SOL	+0.0100%	1h	118.69	+0.101%	$718.7M	$409.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.56	−0.008%	$178.1M	$177.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.70	+0.113%	$12.2M	$122.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.57	−0.001%	$977.2M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.60	+0.025%	$822.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.57	−0.001%	$370.1M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.58	+0.008%	$231K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.64	+0.056%	$1.9M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.81	+0.205%	$133.9M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.57	−0.001%	$428.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.58	+0.012%	$137.8M	$207.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.56	−0.006%	$491.9M	$457.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.81	+0.202%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	+0.243%	$27.1M	$128.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.81	+0.198%	$95.4M	$403.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.86	+0.240%	$48.7M	$30.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.77	+0.168%	$1.4M	$13.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.58	+0.008%	$357K	$2.5M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	118.57	long leg	$202K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	118.57	+0.002%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.65	+0.066%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.59	+0.016%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	118.71	+0.114%	$231.0M	$45.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.80	+0.193%	$46.5M	$102.4M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.80	+0.193%	$6.6M	$13.6M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.52	−0.040%	$8.7M	$36.0M	50x	as long as short
Aftermath Perps SOLUSD	+0.0117%	1h	118.79	+0.185%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.73	+0.136%	—	$224.7M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.58	+0.004%	$1.8M	$4.8M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0084%	1h	118.58	+0.004%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	+0.075%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.56	−0.009%	$1.1M	$531K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.84	+0.227%	$51.8M	$80.2M	125x	as long as short