Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.017%

Price spread now: SoDEX against Bybit0.000%7-day average −0.016% · 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−$19as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.386%−$39 · spread now 0.000%, 7d avg −0.016%

Together, before fees−0.370%−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$2 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	115.96	−0.0003	get 0.0003% / 8h	7h 31m	$728.0M	$1.39B	100x
Short	SoDEX SOL-USD	115.96	0.0077	get 0.0010% / 1h	31m 55s	$6.1M	$11.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $16.85
Price spread: 0.000% → −0.016%: $1.57
Slippage, 4 orders: −$1.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$2.31
Costs to cover: 0.207%
Break-even: 8.0 days

Slippage from Bybit: live order book, 2 min ago; SoDEX: 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, 2 min ago	0.43 bp	5.9 bp −$6	6.5 bp −$65	9.3 bp −$927	22.6 bp −$11.3K
Sell SoDEX live order book, 2 min ago	0.43 bp	4.4 bp −$4	4.9 bp −$49	17.1 bp −$1,712	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	116.17	+0.177%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.00	+0.031%	$32.2M	$105.2M	100x	as long as short
Bybit SOLUSDTlong	−0.0003%	8h	115.96	long leg	$728.0M	$1.39B	100x
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.99	+0.027%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.05	+0.078%	$4.3M	$23.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.06	+0.083%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.01	+0.045%	$102K	$3.4M	8.3x	as long as short
Vest SOL-PERP	+0.0003%	1h	115.98	+0.020%	—	$636K	20x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.15	+0.164%	$1.8M	$2.9M	13x	as long as short
Bitget SOLUSDT	+0.0024%	8h	115.97	+0.006%	$478.3M	$446.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	115.99	+0.029%	$7.7M	$390.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0043%	1h	116.03	+0.062%	$26.1M	$21.4M	50x	as long as short
Aster SOLUSDT	+0.0052%	8h	115.97	+0.004%	$176.0M	$169.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	115.98	+0.018%	$1.0M	$5.8M	100x	as long as short
SoDEX SOL-USDshort	+0.0077%	1h	115.96	0.000%	$6.1M	$11.0M	20x
Gate SOL_USDT	+0.0089%	8h	115.96	0.000%	$844.2M	$613.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.97	+0.008%	$13.0M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.96	−0.003%	$2.2M	$14.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.00	+0.032%	$350K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.04	+0.071%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	115.98	+0.017%	$58K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.03	+0.060%	$5.4M	$41.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.08	+0.103%	$693.2M	$405.0M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.07	+0.097%	$15.6M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.98	+0.017%	$958.6M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.00	+0.034%	$365.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.07	+0.095%	$217K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.02	+0.051%	$948K	$8.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.96	0.000%	$372.7M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.98	+0.016%	$129.3M	$237.5M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	115.93	−0.026%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.98	+0.017%	$22.8M	$36.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.19	+0.195%	$24.8M	$104.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.19	+0.197%	$93.3M	$404.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.20	+0.206%	$47.5M	$28.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.33	+0.316%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.09	+0.112%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.00	+0.034%	$317K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	115.97	+0.012%	$282K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.98	+0.018%	$188K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.92	−0.034%	$224.4M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.99	+0.026%	$45.1M	$103.0M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.25	+0.248%	$125.8M	$25.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	115.92	−0.033%	$8.3M	$35.4M	50x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	116.05	+0.078%	$101K	$183K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.06	+0.085%	—	$230.4M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.12	+0.138%	$6.5M	$13.4M	25x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	116.23	+0.232%	$101K	$682K	20x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	+0.328%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	115.94	−0.020%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.02	+0.052%	$51.9M	$63.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	115.98	+0.020%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0407%	1h	116.21	+0.218%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.04	+0.069%	$2.1M	$4.8M	20x	as long as short
Bluefin SOL-PERP	+0.0507%	1h	116.00	+0.030%	$27K	$36K	25x	as long as short