Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.012%

Price spread now: Orderly against Extended+0.049%7-day average +0.042% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)−0.202%−$20 · spread now +0.049%, 7d avg +0.042%

Together, before fees−0.263%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, 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	Extended SOL-USD	119.73	0.0104	pay 0.0013% / 1h	21m 35s	$8.8M	$37.0M	50x
Short	Orderly PERP_SOL_USDC	119.79	0.0061	get 0.0061% / 8h	2h 21m	$1.1M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.049%Rate

Funding earned: −$9
Price spread: +0.049% → +0.042%: $0.69
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.31
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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, 3 min ago	0.42 bp	2.9 bp −$3	3.2 bp −$32	6.7 bp −$669	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	119.15	−0.489%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.59	−0.124%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.70	−0.027%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0047%	1h	119.69	−0.034%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.82	+0.071%	$4.9M	$26.9M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.81	+0.067%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.79	+0.045%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.77	+0.027%	$180K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0015%	1h	119.42	−0.265%	$24K	$47K	20x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.59	−0.120%	$120K	$605K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0056%	8h	119.63	−0.087%	$233.0M	$44.5M	75x	as long as short
Orderly PERP_SOL_USDCshort	+0.0061%	8h	119.79	+0.049%	$1.1M	$5.9M	100x
01 Exchange SOLUSD	+0.0072%	1h	119.80	+0.054%	$105K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.76	+0.023%	—	$372.0M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.75	+0.013%	$876.1M	$685.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.76	+0.021%	$13.7M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.75	+0.014%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.76	+0.023%	$356K	$747K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0097%	1h	119.82	+0.073%	$26.9M	$27.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.74	+0.003%	$1.1M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.75	+0.013%	$48K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.78	+0.033%	$6.5M	$41.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.82	+0.071%	$723.3M	$410.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.81	+0.061%	$180.4M	$175.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.80	+0.053%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.77	+0.029%	$978.4M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.81	+0.058%	$831.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.75	+0.013%	$372.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.68	−0.046%	$235K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.81	+0.063%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.065%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.75	+0.013%	$408.0M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.77	+0.032%	$143.0M	$196.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.71	−0.019%	$500.3M	$451.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.75	+0.013%	$24.5M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.50	−0.196%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.60	−0.112%	$96.1M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.58	−0.130%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.59	−0.120%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.65	−0.071%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.80	+0.054%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.73	0.000%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.79	+0.043%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.77	+0.025%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.74	+0.004%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.74	+0.004%	$46.7M	$100.8M	50x	as long as short
Extended SOL-USDlong	+0.0104%	1h	119.73	long leg	$8.8M	$37.0M	50x
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.77	+0.032%	$8.2M	$417.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.78	+0.039%	—	$219.4M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	+0.013%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.80	+0.053%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.71	−0.020%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.59	−0.121%	$51.8M	$86.4M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.76	+0.017%	$36.1M	$90.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0171%	1h	119.81	+0.066%	$3.6M	—	200x	as long as short