Settings8H · net · $10k
Funding arb · Price arb /

SOL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.036%
Price spread now: Bluefin against Katana Perps+0.132%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.132% dearer against Katana Perps than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps SOL-USD118.480.0100pay 0.0100% / 8h7h 51m$47K$797K20x
ShortBluefin SOL-PERP118.640.0100get 0.0013% / 1h51m 37s$37K$17K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Katana Perps. 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

Funding earned
$0.04
Price spread: +0.132% → 0.000%
$13.17
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$2.41
Costs to cover
0.108%
Break-even
from the start
Slippage unknown: Katana Perps: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample
Sell Bluefin no order-book sample
Katana Perps and 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 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff SOL-PERP−0.0080%1h118.52+0.030%$840$8K25xas long as short
Vest SOL-PERP−0.0080%1h118.50+0.019%$612K20xas long as short
ApeX Omni SOLUSDT−0.0074%1h118.67+0.160%$1.5M$6.1M50xas long as short
Derive SOL-PERP−0.0062%1h118.50+0.019%$2.0M$2.8M13xas long as short
Kraken Futures PF_SOLUSD−0.0014%1h118.47−0.005%$32.3M$97.6M100xas long as short
dYdX SOL-USD−0.0011%1h118.47−0.008%$4.8M$28.0M20xas long as short
gTrade (Gains Network) SOL/USDL 0.0000% / S +0.0004%1h118.73+0.209%$55K150xas long as short
Kalshi KXSOLPERP0.0000%8h118.70+0.187%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m118.67+0.157%$174K$3.9M8.3xas long as short
Gate SOL_USDT+0.0011%8h118.480.000%$858.4M$659.7M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0048%1h118.56+0.068%$103K$158K20xas long as short
Deribit SOL_USDC-PERPETUAL+0.0054%1h118.53+0.046%$26.5M$25.3M50xas long as short
Hibachi SOL/USDT-P+0.0072%1h118.71+0.194%$121K$635K20xas long as short
Orderly PERP_SOL_USDC+0.0079%8h118.54+0.053%$1.0M$5.9M100xas long as short
BingX SOL-USDC+0.0080%8h118.47−0.009%$10.5Mas long as short
Coinbase International SOL-PERP-INTX+0.0088%1h118.52+0.030%$8.1M$414.5M50xas long as short
Lighter SOL+0.0096%1h118.48−0.003%$14.0M$55.4M25xas long as short
Lighter RH SOL+0.0096%1h118.47−0.012%$2.1M$16.6M25xas long as short
Aevo SOL-PERP+0.0096%1h118.58+0.083%$347K$440K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h118.51+0.025%$1.0M$520K50xas long as short
Katana Perps SOL-USDlong+0.0100%8h118.48long leg$47K$797K20x
Nado SOL-PERP+0.0100%1h118.54+0.054%$5.8M$41.1M40xas long as short
Aster SOLUSDT+0.0100%8h118.54+0.051%$178.4M$177.4M100xas long as short
Pacifica SOL+0.0100%1h118.54+0.050%$12.2M$122.9M20xas long as short
Binance SOLUSDT+0.0100%8h118.54+0.051%$976.5M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h118.55+0.062%$821.4M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h118.54+0.051%$369.1M$1.71B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h118.480.000%$232K$878K10xas long as short
Arcus SOL-USD+0.0100%1h118.53+0.046%$1.9M$9.1M20xas long as short
Bulk SOL-USD+0.0100%1h118.81+0.282%$133.9M$4.4M20xas long as short
MEXC SOL_USDT+0.0100%8h118.50+0.017%$426.4M$1.12B300xas long as short
KuCoin SOLUSDTM+0.0100%8h118.47−0.008%$137.8M$207.2M75xas long as short
Bitget SOLUSDT+0.0100%8h118.50+0.014%$491.5M$449.6M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h118.50+0.017%$24.1M$38.4M50xas long as short
Variational Omni SOL+0.0100%8h118.86+0.320%$27.1M$128.7Mas long as short
edgeX SOLUSDC+0.0100%4h118.67+0.157%$95.3M$403.8M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.67+0.160%$48.6M$30.5M20xas long as short
StandX SOL-USD+0.0100%1h118.72+0.203%$1.4M$13.7M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h118.69+0.177%$353K$2.5M20xas long as short
Bullet SOL-USD+0.0100%1h118.71+0.198%$202K$1.7M20xas long as short
Bluefin SOL-PERPshort+0.0100%1h118.64+0.132%$37K$17K25x
SunX SOL-USDT+0.0100%8h118.71+0.192%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h118.49+0.008%$6.2M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h118.65+0.145%$230.6M$45.0M75xas long as short
Phemex SOLUSDT+0.0100%8h118.53+0.042%$46.4M$102.0M50xas long as short
Extended SOL-USD+0.0104%1h118.45−0.025%$8.6M$36.0M50xas long as short
Hyperliquid SOL+0.0104%1h118.58+0.084%$718.2M$403.5M20xas long as short
Aftermath Perps SOLUSD+0.0113%1h118.75+0.227%$24K$47K20xas long as short
Phoenix SOL+0.0114%1h118.79+0.262%$6.6M$13.6M25xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h118.64+0.135%$223.8M500xas long as short
RISEx SOL/USDC+0.0161%1h118.52+0.032%$1.8M$4.7M20xas long as short
GMX SOL/USD [SOL-USDC]L +0.0166% / S −0.0084%1h118.72+0.201%$3.5M200xas long as short
Injective SOL/USDC PERP+0.0173%1h118.66+0.152%$4K$2K12xas long as short
Reya SOLRUSDPERP+0.0185%1h118.68+0.170%$1.1M$529K25xas long as short
BloFin SOL-USDT+0.0220%8h118.69+0.177%$51.8M$80.0M125xas long as short