Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h −0.001%
Price spread now: Nado against Coinbase International+0.035%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$180.180% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.009%−$1 on $10k
Price spread, last 3 days (all we have)+0.005%$0 · spread now +0.035%, 7d avg −0.018%
Together, before fees−0.004%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.053% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SOL-PERP-INTX117.580.0072pay 0.0009% / 1h19m 52s$8.0M$408.7M50x
ShortNado SOL-PERP117.620.0100get 0.0012% / 1h19m 52s$5.7M$41.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$5.88
Price spread: +0.035% → −0.018%
$5.3
Slippage, 4 orders
−$1.01
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$6.83
Costs to cover
0.180%
Break-even
15.1 days
Slippage from Coinbase International: live order book, 4 min ago; Nado: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 4 min ago0.04 bp5.1 bp −$57.9 bp −$7915.6 bp −$1,557doesn't fit
Sell Nado live order book, 4 min ago0.42 bp3.9 bp −$44.3 bp −$438.9 bp −$88526.5 bp −$13.3K

SOL on 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h117.76+0.157%$921$8K25xas long as short
Vest SOL-PERP−0.0066%1h117.57−0.011%$607K20xas long as short
Derive SOL-PERP−0.0027%1h117.51−0.060%$2.0M$2.8M13xas long as short
Hibachi SOL/USDT-P−0.0008%1h117.78+0.174%$100K$691K20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h117.580.000%$53K150xas long as short
dYdX SOL-USD0.0000%1h117.66+0.066%$4.5M$24.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h117.59+0.006%$1.4M$20.8M3.1xas long as short
RISEx SOL/USDC+0.0018%1h117.61+0.030%$2.0M$4.7M20xas long as short
ApeX Omni SOLUSDT+0.0030%1h117.91+0.282%$1.5M$6.0M50xas long as short
Deribit SOL_USDC-PERPETUAL+0.0039%1h117.60+0.019%$26.4M$25.5M50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD+0.0049%1h117.55−0.025%$31.5M$98.8M100xas long as short
HTX SOL-USDT+0.0051%8h117.54−0.036%$228.4M$45.5M75xas long as short
Gate SOL_USDT+0.0057%8h117.69+0.094%$852.0M$663.4M100xas long as short
Coinbase International SOL-PERP-INTXlong+0.0072%1h117.58long leg$8.0M$408.7M50x
BingX SOL-USDC+0.0080%8h117.64+0.049%$10.6Mas long as short
Orderly PERP_SOL_USDC+0.0087%8h117.59+0.013%$1.1M$5.8M100xas long as short
Lighter SOL+0.0096%1h117.69+0.090%$13.1M$60.1M25xas long as short
Lighter RH SOL+0.0096%1h117.68+0.084%$2.1M$16.8M25xas long as short
01 Exchange SOLUSD+0.0096%1h117.62+0.035%$103K$159K20xas long as short
Aevo SOL-PERP+0.0096%1h117.56−0.019%$344K$258K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.64+0.049%$1.0M$519K50xas long as short
Katana Perps SOL-USD+0.0100%8h117.56−0.016%$64K$855K20xas long as short
Nado SOL-PERPshort+0.0100%1h117.62+0.035%$5.7M$41.5M40x
Aster SOLUSDT+0.0100%8h117.68+0.086%$176.6M$179.7M100xas long as short
Pacifica SOL+0.0100%1h117.65+0.060%$14.4M$128.9M20xas long as short
Binance SOLUSDT+0.0100%8h117.68+0.086%$970.0M$3.80B100xas long as short
Bybit SOLUSDT+0.0100%8h117.70+0.103%$820.6M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.68+0.086%$365.8M$1.67B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h117.61+0.026%$239K$891K10xas long as short
Arcus SOL-USD+0.0100%1h117.61+0.027%$2.0M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.00+0.357%$135.1M$14.3M20xas long as short
MEXC SOL_USDT+0.0100%8h117.71+0.111%$425.9M$1.11B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.71+0.109%$131.3M$210.3M75xas long as short
Bitget SOLUSDT+0.0100%8h117.66+0.072%$487.1M$441.5M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.66+0.069%$23.8M$37.5M50xas long as short
Variational Omni SOL+0.0100%8h117.74+0.140%$24.4M$122.5Mas long as short
edgeX SOLUSDC+0.0100%4h117.93+0.301%$94.7M$404.6M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h117.96+0.325%$48.3M$28.8M20xas long as short
StandX SOL-USD+0.0100%1h117.96+0.324%$1.3M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.58+0.001%$353K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h117.57−0.008%$201K$1.7M20xas long as short
Bluefin SOL-PERP+0.0100%1h117.58+0.005%$37K$16K25xas long as short
SunX SOL-USDT+0.0100%8h117.60+0.015%$191K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.56−0.016%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h117.56−0.016%$45.8M$101.4M50xas long as short
Phoenix SOL+0.0101%1h118.11+0.452%$6.5M$13.5M25xas long as short
Extended SOL-USD+0.0104%1h117.67+0.080%$8.1M$36.2M50xas long as short
Hyperliquid SOL+0.0106%1h117.79+0.179%$720.2M$400.2M20xas long as short
Jupiter Perps SOL-PERPL +0.0112% / S +0.0056%1h117.59+0.007%$226.2M500xas long as short
Reya SOLRUSDPERP+0.0188%1h117.56−0.015%$1.1M$523K25xas long as short
Injective SOL/USDC PERP+0.0222%1h117.87+0.247%$4K$2K12xas long as short
GMX SOL/USD [SOL-USDC]L +0.0233% / S −0.0174%1h117.57−0.005%$3.6M200xas long as short
Aftermath Perps SOLUSD+0.0338%1h117.86+0.238%$25K$51K20xas long as short
Perpl SOL+0.0447%43m117.63+0.043%$129K$3.9M8.3xas long as short