Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: SunX against Bullet−0.019%7-day average −0.014% · 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−$56as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on Bullet Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now −0.019%, 7d avg −0.014%

Together, before fees−0.082%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	118.69	0.0100	pay 0.0013% / 1h	25m 47s	$201K	$1.7M	20x
Short	SunX SOL-USDT	118.66	0.0100	get 0.0100% / 8h	25m 47s	$193K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.014%: −$0.46
Slippage, 4 orders: −$39.1
Fee Bullet: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$55.56
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from Bullet: live order book, 3 min ago; SunX: live order book, 10 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	0.21 bp	5.1 bp −$5	8.5 bp −$85	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	3.08 bp	19.2 bp −$19	30.3 bp −$303	doesn't fit	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
Hotstuff SOL-PERP	−0.0080%	1h	118.70	+0.010%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0074%	1h	118.67	−0.012%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.58	−0.086%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0015%	1h	118.43	−0.216%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.71	+0.019%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.72	+0.025%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.73	+0.037%	$176K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0019%	1h	118.84	+0.130%	$1.5M	$6.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0026%	1h	118.71	+0.024%	$26.6M	$26.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.68	−0.008%	$1.0M	$5.9M	100x	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	+0.0080%	1h	118.73	+0.037%	$103K	$157K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.62	−0.052%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0084%	8h	118.57	−0.096%	$230.8M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0087%	8h	118.61	−0.064%	$861.3M	$681.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.44	−0.205%	$13.4M	$56.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.50	−0.153%	$2.2M	$17.0M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.76	+0.060%	$119K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.65	−0.028%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.69	0.000%	$8.1M	$415.5M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.71	+0.024%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.71	+0.020%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.69	+0.003%	$6.0M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.66	−0.022%	$718.2M	$412.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.65	−0.028%	$177.7M	$177.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.48	−0.172%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.44	−0.209%	$977.4M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.45	−0.195%	$821.9M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.42	−0.224%	$368.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.68	−0.005%	$232K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.72	+0.033%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.206%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.63	−0.047%	$430.6M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.63	−0.048%	$138.0M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.49	−0.168%	$491.1M	$460.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.65	−0.030%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.69	+0.005%	$27.1M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.84	+0.133%	$95.5M	$400.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.94	+0.214%	$48.7M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.76	+0.062%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.68	−0.005%	$367K	$2.4M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	118.69	long leg	$201K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	118.68	−0.002%	$37K	$17K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	118.66	−0.019%	$193K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	118.66	−0.022%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.68	−0.005%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.92	+0.197%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.60	−0.069%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.65	−0.030%	$32.5M	$97.2M	100x	as long as short
Aftermath Perps SOLUSD	+0.0113%	1h	118.94	+0.214%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.78	+0.082%	—	$226.0M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0066%	1h	118.70	+0.014%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.189%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.68	−0.007%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.76	+0.062%	$52.3M	$80.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.72	+0.029%	$1.7M	$5.2M	20x	as long as short