Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Ondo Perps against Bullet−0.153%46s7-day average −0.019% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.153%, 7d avg −0.019%

Together, before fees+0.113%+ Points / potential airdropOndo Perps: Active · farm board+$11 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: Ondo Perps is 0.134% cheaper against Bullet than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 46 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	116.85	0.0100	pay 0.0013% / 1h	56m 35s	$236K	$1.7M	20x
Short	Ondo Perps SOL-USD.P	116.67	0.0100	get 0.0013% / 1h	56m 35s	$217K	$886K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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

Position, each leg$Hold fordaysFee BulletbpFee Ondo PerpsbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → −0.019%: −$13.42
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$26.42
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bullet: live order book, 3 min ago; Ondo 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

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 Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOLUSDT	−0.0106%	8h	116.73	−0.101%	$741.8M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.93	+0.072%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	116.84	−0.010%	$98K	$684K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.80	−0.038%	$33.0M	$104.0M	100x	as long as short
Vest SOL-PERP	−0.0025%	1h	116.76	−0.072%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0010%	1h	116.71	−0.120%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.84	−0.008%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.80	−0.044%	$4.3M	$23.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.83	−0.016%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.76	−0.074%	$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	−0.093%	$2.2M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.80	−0.042%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.79	−0.050%	$8.0M	$406.5M	50x	as long as short
Bitget SOLUSDT	+0.0056%	8h	116.75	−0.089%	$481.3M	$461.6M	100x	as long as short
SoDEX SOL-USD	+0.0092%	1h	116.77	−0.068%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0092%	8h	116.78	−0.063%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.74	−0.097%	$13.1M	$60.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.81	−0.034%	$351K	$247K	20x	as long as short
Aster SOLUSDT	+0.0097%	8h	116.79	−0.050%	$176.0M	$176.5M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.76	−0.078%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.76	−0.076%	$64K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.71	−0.115%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.89	+0.032%	$700.7M	$408.8M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.80	−0.046%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.77	−0.068%	$970.0M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.76	−0.076%	$371.6M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.Pshort	+0.0100%	1h	116.67	−0.153%	$217K	$886K	10x
Arcus SOL-USD	+0.0100%	1h	116.81	−0.038%	$906K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.171%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.73	−0.102%	$847.7M	$661.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.76	−0.076%	$364.2M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.75	−0.085%	$128.9M	$232.0M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.78	−0.055%	—	$372.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.78	−0.059%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.86	+0.012%	$24.7M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.81	−0.036%	$93.8M	$409.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.91	+0.054%	$47.8M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.95	+0.086%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.99	+0.121%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.76	−0.076%	$317K	$2.8M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	116.85	long leg	$236K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	116.79	−0.054%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.86	+0.006%	$190K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.81	−0.030%	$226.2M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.80	−0.042%	$45.4M	$105.5M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0102%	1h	116.84	−0.007%	$26.5M	$22.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.74	−0.093%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.88	+0.026%	—	$235.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.206%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.94	+0.078%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.75	−0.087%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.81	−0.033%	$52.1M	$68.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.84	−0.011%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.86	+0.007%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0491%	1h	116.94	+0.076%	$25K	$56K	20x	as long as short