Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.001%

Price spread now: Bitget against Coinbase International−0.045%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 3 days (all we have)+0.179%+$18 · spread now −0.045%, 7d avg −0.023%

Together, before fees+0.105%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bitget is 0.022% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	119.06	0.0112	pay 0.0014% / 1h	32m 16s	$8.1M	$414.5M	50x
Short	Bitget SOLUSDT	119.01	0.0100	get 0.0100% / 8h	2h 32m	$496.7M	$448.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$2.52
Price spread: −0.045% → −0.023%: −$2.2
Slippage, 4 orders: −$3.65
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$30.37
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Bitget: 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 Coinbase International live order book, 2 min ago	0.04 bp	5.2 bp −$5	7.8 bp −$78	18.5 bp −$1,851	doesn't fit
Sell Bitget live order book, 2 min ago	0.04 bp	8.5 bp −$9	9.2 bp −$92	12.2 bp −$1,218	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
Injective SOL/USDC PERP	−0.0151%	1h	118.89	−0.144%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.95	−0.091%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.06	0.000%	$844	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.98	−0.073%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0008%	1h	118.99	−0.056%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.05	−0.013%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.03	−0.026%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.02	−0.034%	$180K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.05	−0.012%	$4.9M	$26.9M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0006%	1h	119.09	+0.019%	$26.7M	$27.7M	50x	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	+0.0060%	8h	119.03	−0.024%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0063%	8h	118.96	−0.089%	$231.8M	$43.6M	75x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.05	−0.010%	$104K	$152K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.99	−0.064%	$122K	$600K	20x	as long as short
ApeX Omni SOLUSDT	+0.0075%	1h	119.12	+0.048%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.00	−0.052%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0085%	8h	119.01	−0.044%	$868.9M	$681.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.02	−0.035%	$13.4M	$53.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.01	−0.043%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.02	−0.032%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.03	−0.025%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.02	−0.035%	$45K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.01	−0.044%	$6.5M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.11	+0.043%	$718.6M	$414.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.03	−0.027%	$179.7M	$174.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.10	+0.032%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.01	−0.040%	$972.1M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.04	−0.018%	$825.4M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.99	−0.060%	$370.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.96	−0.086%	$234K	$867K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.11	+0.038%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.01	−0.044%	$474.8M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.06	−0.004%	$142.8M	$196.2M	75x	as long as short
Bitget SOLUSDTshort	+0.0100%	8h	119.01	−0.045%	$496.7M	$448.6M	100x
Backpack SOL_USDC_PERP	+0.0100%	1h	119.01	−0.044%	$24.4M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	−0.051%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.99	−0.058%	$95.6M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.12	+0.049%	$48.8M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.99	−0.060%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.02	−0.035%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.01	−0.043%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.04	−0.020%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.00	−0.054%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.02	−0.035%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.01	−0.044%	$46.5M	$100.0M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.296%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.00	−0.055%	$8.7M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0112%	1h	119.06	long leg	$8.1M	$414.5M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.04	−0.017%	—	$216.8M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.03	−0.027%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.08	+0.019%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.00	−0.049%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.98	−0.069%	$51.7M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	119.04	−0.022%	$36.0M	$89.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	119.04	−0.018%	$3.6M	—	200x	as long as short