Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.038%

Price spread now: RISEx against Bybit+0.011%7-day average −0.004% · 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−$18as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.096%+$10 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.011%, 7d avg −0.004%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	119.22	0.0100	pay 0.0100% / 8h	1h 06m	$829.2M	$1.28B	100x
Short	RISEx SOL/USDC	119.23	0.0192	get 0.0024% / 1h	6m 36s	$1.7M	$5.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.011%Rate

Funding earned: $19.24
Price spread: +0.011% → −0.004%: $1.49
Slippage, 4 orders: −$2.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: $1.73
Costs to cover: 0.190%
Break-even: 6.4 days

Slippage from Bybit: live order book, 8 min ago; RISEx: live order book, 2 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, 8 min ago	0.42 bp	5.9 bp −$6	6.3 bp −$63	9.9 bp −$986	19.6 bp −$9,793
Sell RISEx live order book, 2 min ago	0.04 bp	3.4 bp −$3	7.3 bp −$73	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
Bluefin SOL-PERP	−0.0230%	1h	119.03	−0.158%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.16	−0.053%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.11	−0.096%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	118.96	−0.217%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.05	−0.146%	$112K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.14	−0.064%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.95	−0.225%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.16	−0.050%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	118.90	−0.268%	$6.5M	$13.6M	25x	as long as short
Orderly PERP_SOL_USDC	+0.0069%	8h	119.04	−0.148%	$1.1M	$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	+0.0072%	1h	119.22	0.000%	$104K	$156K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	119.06	−0.130%	$119K	$607K	20x	as long as short
Aftermath Perps SOLUSD	+0.0074%	1h	119.02	−0.170%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.19	−0.021%	—	$374.6M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	118.92	−0.251%	$231.5M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0089%	8h	119.16	−0.050%	$870.1M	$689.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.17	−0.041%	$13.6M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.15	−0.060%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.01	−0.175%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.15	−0.055%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.18	−0.034%	$45K	$801K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.16	−0.050%	$6.0M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.29	+0.059%	$718.3M	$408.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.17	−0.041%	$178.4M	$176.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.20	−0.013%	$12.3M	$119.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.20	−0.016%	$982.0M	$3.81B	100x	as long as short
Bybit SOLUSDTlong	+0.0100%	8h	119.22	long leg	$829.2M	$1.28B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.20	−0.017%	$372.2M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	−0.117%	$233K	$888K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.23	+0.007%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.85	−0.310%	$133.1M	$7.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.18	−0.034%	$452.8M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.17	−0.044%	$139.6M	$202.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.19	−0.023%	$496.3M	$456.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.15	−0.059%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.87	−0.294%	$27.5M	$128.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.86	−0.302%	$95.5M	$400.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.99	−0.193%	$48.7M	$31.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.96	−0.218%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.05	−0.143%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.19	−0.025%	$367K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.04	−0.151%	$202K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.90	−0.271%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.07	−0.126%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.10	−0.101%	$46.5M	$102.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.18	−0.037%	$8.7M	$36.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0109%	1h	119.11	−0.095%	$26.7M	$27.8M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.12	−0.082%	$8.3M	$416.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.00	−0.181%	—	$225.0M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.09	−0.107%	$32.6M	$97.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0170% / S −0.0072%	1h	119.05	−0.147%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.18	−0.033%	$1.1M	$551K	25x	as long as short
RISEx SOL/USDCshort	+0.0192%	1h	119.23	+0.011%	$1.7M	$5.6M	20x
Injective SOL/USDC PERP	+0.0213%	1h	119.02	−0.168%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.10	−0.101%	$52.1M	$84.2M	125x	as long as short