Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bybit−0.040%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.040%, 7d avg −0.053%

Together, before fees+0.105%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	119.56	0.0100	pay 0.0100% / 8h	49m 39s	$831.4M	$1.28B	100x
Short	Extended SOL-USD	119.51	0.0104	get 0.0013% / 1h	49m 39s	$8.7M	$35.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0.84
Price spread: −0.040% → −0.053%: $1.26
Slippage, 4 orders: −$1.67
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.57
Costs to cover: 0.177%
Break-even: 136.8 days

Slippage from Bybit: live order book, 5 min ago; Extended: 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 Bybit live order book, 5 min ago	0.42 bp	5.9 bp −$6	7.0 bp −$70	10.2 bp −$1,025	19.2 bp −$9,579
Sell Extended live order book, 4 min ago	0.42 bp	2.9 bp −$3	2.9 bp −$29	4.8 bp −$478	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	119.55	−0.005%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.55	−0.006%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.45	−0.091%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.55	−0.010%	$113K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.61	+0.045%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.64	+0.065%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.58	+0.017%	$177K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0045%	1h	119.83	+0.226%	$1.5M	$6.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0045%	1h	119.58	+0.017%	$26.7M	$26.0M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.58	+0.017%	$104K	$157K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0071%	8h	119.53	−0.022%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.54	−0.016%	—	$372.0M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.53	−0.025%	$871.3M	$674.4M	100x	as long as short
HTX SOL-USDT	+0.0089%	8h	119.54	−0.014%	$232.7M	$45.0M	75x	as long as short
Lighter SOL	+0.0096%	1h	119.56	−0.004%	$13.7M	$55.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.59	+0.023%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.51	−0.040%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.56	−0.003%	$8.3M	$418.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.52	−0.037%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.55	−0.008%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.63	+0.063%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.71	+0.125%	$725.5M	$410.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.59	+0.022%	$179.0M	$175.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.60	+0.033%	$12.4M	$120.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.54	−0.019%	$986.4M	$3.81B	100x	as long as short
Bybit SOLUSDTlong	+0.0100%	8h	119.56	long leg	$831.4M	$1.28B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.53	−0.025%	$373.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.66	+0.084%	$234K	$875K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.58	+0.018%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.65	+0.075%	$134.3M	$6.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.56	0.000%	$447.0M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.59	+0.024%	$139.6M	$203.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.53	−0.021%	$497.8M	$456.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.54	−0.017%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.65	+0.075%	$27.4M	$128.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.66	+0.081%	$96.1M	$402.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.63	+0.063%	$49.0M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.64	+0.067%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.57	+0.008%	$371K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.53	−0.024%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.55	−0.005%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.56	+0.003%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.52	−0.033%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.51	−0.042%	$46.7M	$102.6M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.88	+0.268%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USDshort	+0.0104%	1h	119.51	−0.040%	$8.7M	$35.9M	50x
Hibachi SOL/USDT-P	+0.0104%	1h	119.69	+0.112%	$122K	$639K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.53	−0.025%	$32.6M	$96.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0105%	1h	119.61	+0.041%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.56	−0.002%	—	$224.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.452%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	119.55	−0.006%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.64	+0.067%	$52.0M	$84.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.58	+0.014%	$1.7M	$5.2M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0241% / S −0.0181%	1h	119.54	−0.013%	$3.8M	—	200x	as long as short