Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: OKX against Deribit−0.034%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 3 days (all we have)+0.074%+$7 · spread now −0.034%, 7d avg −0.036%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	117.59	0.0052	pay 0.0006% / 1h	59m 19s	$26.4M	$25.4M	50x
Short	OKX SOL-USDT-SWAP	117.55	0.0100	get 0.0100% / 8h	5h 59m	$366.0M	$1.64B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Deribit. 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 DeribitbpFee OKXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $10.08
Price spread: −0.034% → −0.036%: $0.26
Slippage, 4 orders: −$3.96
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$10.62
Costs to cover: 0.210%
Break-even: 14.4 days

Slippage from Deribit: live order book, 5 min ago; OKX: live order book, 5 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 Deribit live order book, 5 min ago	0.04 bp	5.4 bp −$5	5.8 bp −$58	18.0 bp −$1,797	doesn't fit
Sell OKX live order book, 5 min ago	0.43 bp	5.4 bp −$5	5.7 bp −$57	9.3 bp −$933	22.3 bp −$11.1K

SOL on 54 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	117.59	+0.005%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.47	−0.102%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.55	−0.036%	$31.5M	$98.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.54	−0.039%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.57	−0.016%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.47	−0.100%	$1.4M	$20.2M	3.1x	as long as short
Derive SOL-PERP	+0.0017%	1h	117.48	−0.093%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0037%	8h	117.44	−0.127%	$228.2M	$45.4M	75x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.58	−0.008%	$100K	$162K	20x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0052%	1h	117.59	long leg	$26.4M	$25.4M	50x

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0064%	1h	117.41	−0.149%	$100K	$690K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.58	−0.004%	$8.0M	$403.9M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.54	−0.039%	—	$368.1M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	117.52	−0.059%	$849.0M	$640.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.56	−0.028%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.55	−0.033%	$13.0M	$58.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.56	−0.028%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.56	−0.028%	$344K	$225K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.56	−0.024%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.52	−0.059%	$67K	$840K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.48	−0.089%	$5.8M	$40.2M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.57	−0.019%	$176.4M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.60	+0.010%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.54	−0.041%	$969.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.55	−0.032%	$820.6M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	117.55	−0.034%	$366.0M	$1.64B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	117.37	−0.187%	$238K	$849K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.59	+0.001%	$2.0M	$9.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.54	−0.042%	$423.8M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.58	−0.006%	$130.6M	$211.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.53	−0.051%	$487.1M	$435.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.39	−0.170%	$23.7M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	−0.115%	$24.3M	$120.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.44	−0.131%	$94.3M	$405.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.43	−0.140%	$48.1M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.44	−0.127%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.41	−0.153%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.53	−0.051%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.53	−0.052%	$201K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.53	−0.051%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.54	−0.042%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.55	−0.034%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.57	−0.016%	$45.8M	$100.4M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.46	−0.114%	$134.5M	$14.2M	20x	as long as short
Phoenix SOL	+0.0101%	1h	117.53	−0.051%	$6.5M	$13.2M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.52	−0.062%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.39	−0.167%	—	$221.7M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.60	+0.010%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0149%	1h	117.65	+0.052%	$717.8M	$395.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.52	−0.058%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.45	−0.119%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.54	−0.039%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0360%	1h	117.55	−0.033%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.57	−0.015%	$128K	$3.8M	8.3x	as long as short