Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%

Price spread now: Bluefin against Hyperliquid−0.121%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.600%−$60 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.121% cheaper against Hyperliquid than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SOL	116.42	0.0100	pay 0.0013% / 1h	57m 52s	$695.2M	$409.4M	20x
Short	Bluefin SOL-PERP	116.28	0.0100	get 0.0013% / 1h	57m 52s	$27K	$36K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Hyperliquid. 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 HyperliquidbpFee BluefinbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → 0.000%: −$12.12
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$28.12
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 6 min ago; Bluefin: 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 Hyperliquid live order book, 6 min ago	0.43 bp	4.9 bp −$5	4.9 bp −$49	5.2 bp −$518	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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 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
Phemex SOLUSDT	−0.0803%	8h	116.30	−0.107%	$45.2M	$104.0M	50x	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.32	−0.089%	$731.6M	$1.42B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.37	−0.043%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.31	−0.100%	$32.2M	$106.9M	100x	as long as short
Vest SOL-PERP	−0.0020%	1h	116.27	−0.134%	—	$636K	20x	as long as short
Derive SOL-PERP	−0.0008%	1h	116.17	−0.214%	$1.8M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.29	−0.113%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.33	−0.078%	$4.3M	$23.5M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.43	+0.008%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.31	−0.097%	$99K	$3.4M	8.3x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0024%	8h	116.32	−0.087%	$480.2M	$456.6M	100x	as long as short
Hibachi SOL/USDT-P	+0.0032%	1h	116.28	−0.119%	$102K	$678K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.29	−0.116%	$7.8M	$396.8M	50x	as long as short
Aster SOLUSDT	+0.0053%	8h	116.31	−0.094%	$176.8M	$169.2M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0065%	1h	116.33	−0.080%	$26.2M	$21.9M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0070%	8h	116.30	−0.106%	$1.0M	$6.1M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.25	−0.153%	$13.1M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.24	−0.156%	$2.1M	$14.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.22	−0.180%	$350K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0096%	8h	116.37	−0.045%	$1.0M	$554K	50x	as long as short
SoDEX SOL-USD	+0.0099%	1h	116.26	−0.141%	$6.1M	$11.0M	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.31	−0.096%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOLlong	+0.0100%	1h	116.42	long leg	$695.2M	$409.4M	20x
Pacifica SOL	+0.0100%	1h	116.36	−0.053%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.33	−0.081%	$962.8M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.32	−0.089%	$366.2M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.29	−0.115%	$217K	$855K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.35	−0.066%	$919K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.33	−0.084%	$125.6M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.33	−0.081%	$845.4M	$604.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.33	−0.081%	$372.8M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.33	−0.083%	$129.4M	$236.7M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.32	−0.088%	—	$373.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.25	−0.150%	$22.9M	$35.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.15	−0.236%	$24.8M	$107.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.16	−0.224%	$93.3M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.22	−0.174%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.19	−0.197%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.29	−0.115%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.34	−0.072%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.27	−0.134%	$281K	$1.7M	20x	as long as short
Bluefin SOL-PERPshort	+0.0100%	1h	116.28	−0.121%	$27K	$36K	25x
SunX SOL-USDT	+0.0100%	8h	116.24	−0.159%	$189K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.22	−0.173%	$225.1M	$50.8M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.29	−0.119%	$8.2M	$36.7M	50x	as long as short
01 Exchange SOLUSD	+0.0112%	1h	116.39	−0.029%	$100K	$181K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.28	−0.125%	—	$232.3M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.26	−0.141%	$6.5M	$13.3M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.072%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.25	−0.149%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.24	−0.158%	$52.0M	$64.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.29	−0.113%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0424%	1h	116.29	−0.115%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.39	−0.026%	$2.1M	$4.7M	20x	as long as short