Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Extended+0.057%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

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

costs, in and out, $10k−$210.214% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.057%, 7d avg +0.053%

Together, before fees−0.116%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOL-USD	119.18	0.0104	pay 0.0013% / 1h	11m 48s	$8.6M	$34.9M	50x
Short	Bybit SOLUSDT	119.25	0.0100	get 0.0100% / 8h	7h 11m	$828.3M	$1.25B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$0.84
Price spread: +0.057% → +0.053%: $0.41
Slippage, 4 orders: −$5.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.83
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bybit: 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 Extended live order book, 2 min ago	0.42 bp	6.2 bp −$6	6.9 bp −$69	11.3 bp −$1,126	doesn't fit
Sell Bybit live order book, 2 min ago	0.42 bp	5.9 bp −$6	6.4 bp −$64	10.9 bp −$1,088	19.6 bp −$9,825

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
Derive SOL-PERP	−0.0082%	1h	119.20	+0.018%	$2.0M	$2.7M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.21	+0.028%	$932	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.19	+0.008%	—	$608K	20x	as long as short
Hibachi SOL/USDT-P	−0.0032%	1h	119.22	+0.030%	$109K	$670K	20x	as long as short
HTX SOL-USDT	−0.0019%	8h	119.21	+0.029%	$231.9M	$44.2M	75x	as long as short
dYdX SOL-USD	−0.0019%	1h	119.23	+0.043%	$4.9M	$25.8M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.27	+0.074%	$32.4M	$97.6M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.32	+0.118%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.22	+0.036%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.28	+0.083%	$125K	$3.9M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0032%	1h	119.33	+0.126%	$104K	$160K	20x	as long as short
Bluefin SOL-PERP	+0.0077%	1h	119.28	+0.084%	$37K	$17K	25x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.22	+0.036%	—	$367.0M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.30	+0.098%	$1.1M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0087%	1h	119.33	+0.124%	$26.7M	$24.8M	50x	as long as short
Gate SOL_USDT	+0.0088%	8h	119.23	+0.042%	$856.6M	$672.0M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.30	+0.101%	$8.1M	$410.6M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.22	+0.036%	$14.0M	$56.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.23	+0.040%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.27	+0.072%	$349K	$253K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.25	+0.061%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.28	+0.084%	$46K	$799K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.28	+0.084%	$6.1M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.33	+0.126%	$729.6M	$398.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.22	+0.034%	$180.2M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.26	+0.067%	$12.3M	$125.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.23	+0.042%	$981.8M	$3.74B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	119.25	+0.057%	$828.3M	$1.25B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.18	0.000%	$373.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.09	−0.075%	$233K	$833K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.22	+0.034%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.354%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.21	+0.026%	$433.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.24	+0.047%	$139.0M	$203.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.23	+0.041%	$494.7M	$438.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.25	+0.059%	$24.1M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	−0.003%	$24.9M	$130.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.20	+0.017%	$95.7M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.28	+0.088%	$48.8M	$29.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.26	+0.068%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.18	0.000%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.28	+0.084%	$362K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.30	+0.104%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.25	+0.062%	$194K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.27	+0.076%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.25	+0.059%	$46.7M	$99.7M	50x	as long as short
Extended SOL-USDlong	+0.0104%	1h	119.18	long leg	$8.6M	$34.9M	50x
Phoenix SOL	+0.0114%	1h	119.10	−0.067%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.15	−0.021%	—	$226.5M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.24	+0.048%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.142%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	119.23	+0.045%	$1.1M	$524K	25x	as long as short
Aftermath Perps SOLUSD	+0.0208%	1h	119.20	+0.021%	$25K	$51K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.17	−0.008%	$51.9M	$74.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	119.32	+0.115%	$3.7M	—	200x	as long as short