Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0234%/8h= +25.7% APRpaid last 24h +0.075%

Price spread now: BloFin against dYdX+0.048%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.337%+$34 on $10k

Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.048%, 7d avg −0.013%

Together, before fees+0.213%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.061% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	118.51	−0.0014	get 0.0002% / 1h	24m 15s	$4.8M	$28.0M	20x
Short	BloFin SOL-USDT	118.57	0.0220	get 0.0220% / 8h	24m 15s	$52.2M	$80.4M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now +0.048%Rate

Funding earned: $49.23
Price spread: +0.048% → −0.013%: $6.06
Slippage, 4 orders: −$6.32
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $26.97
Costs to cover: 0.283%
Break-even: 3.2 days

Slippage from dYdX: live order book, 5 min ago; BloFin: 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 dYdX live order book, 5 min ago	0.84 bp	8.4 bp −$8	12.9 bp −$129	19.6 bp −$1,960	139.4 bp −$69.7K
Sell BloFin live order book, 5 min ago	0.42 bp	6.4 bp −$6	6.6 bp −$66	8.3 bp −$830	12.5 bp −$6,265

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	118.44	−0.060%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.42	−0.083%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0069%	1h	118.36	−0.133%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USDlong	−0.0014%	1h	118.51	long leg	$4.8M	$28.0M	20x
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.45	−0.055%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.61	+0.080%	$1.3M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.45	−0.049%	$175K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0019%	1h	118.84	+0.276%	$1.5M	$6.2M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0069%	1h	118.46	−0.049%	$26.5M	$26.1M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.43	−0.073%	$1.0M	$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
Gate SOL_USDT	+0.0079%	8h	118.40	−0.096%	$859.5M	$681.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.48	−0.028%	$103K	$157K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.41	−0.085%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0083%	8h	118.30	−0.176%	$230.3M	$45.1M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.50	−0.011%	$13.4M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.46	−0.043%	$2.2M	$17.0M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.72	+0.177%	$119K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.36	−0.126%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.43	−0.069%	$8.1M	$414.9M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.48	−0.030%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.40	−0.096%	$45K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.48	−0.024%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.53	+0.014%	$717.3M	$408.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.42	−0.079%	$177.3M	$178.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.49	−0.020%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.43	−0.070%	$977.4M	$3.83B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.45	−0.054%	$821.5M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.38	−0.113%	$367.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.42	−0.079%	$232K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.48	−0.028%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.352%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.43	−0.070%	$427.7M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.43	−0.074%	$137.6M	$205.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.38	−0.111%	$490.6M	$460.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.55	+0.031%	$24.1M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.69	+0.150%	$27.1M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.84	+0.278%	$95.5M	$400.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.79	+0.230%	$48.6M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.73	+0.183%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.41	−0.087%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.44	−0.066%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.44	−0.062%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.37	−0.117%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.38	−0.113%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.41	−0.087%	$46.3M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.92	+0.343%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.36	−0.129%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.40	−0.096%	$32.4M	$97.3M	100x	as long as short
Aftermath Perps SOLUSD	+0.0115%	1h	118.81	+0.247%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.56	+0.040%	—	$226.5M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0066%	1h	118.45	−0.053%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.335%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.40	−0.092%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	118.57	+0.048%	$52.2M	$80.4M	125x
RISEx SOL/USDC	+0.0226%	1h	118.46	−0.043%	$1.6M	$5.2M	20x	as long as short