Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h 0.000%

Price spread now: Bitget against Nado−0.005%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.005%, 7d avg −0.024%

Together, before fees+0.005%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, 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	Nado SOL-PERP	116.51	0.0100	pay 0.0012% / 1h	17m 22s	$5.2M	$40.7M	40x
Short	Bitget SOLUSDT	116.50	0.0064	get 0.0064% / 8h	2h 17m	$479.9M	$460.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$7.56
Price spread: −0.005% → −0.024%: $1.89
Slippage, 4 orders: −$1.01
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.67
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; Bitget: 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 Nado live order book, 2 min ago	0.43 bp	3.9 bp −$4	3.9 bp −$39	8.7 bp −$870	32.2 bp −$16.1K
Sell Bitget live order book, 2 min ago	0.04 bp	6.1 bp −$6	8.0 bp −$80	9.0 bp −$899	13.5 bp −$6,741

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
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.49	−0.020%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0128%	1h	116.50	−0.012%	$104K	$693K	20x	as long as short
BingX SOL-USDT	−0.0108%	8h	116.51	0.000%	—	$369.3M	—	as long as short
Bybit SOLUSDT	−0.0107%	8h	116.49	−0.015%	$740.6M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.57	+0.048%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0052%	1h	116.51	−0.002%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0011%	1h	116.45	−0.051%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.52	+0.010%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.50	−0.007%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.54	+0.027%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0009%	1h	116.49	−0.020%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.55	+0.034%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.49	−0.014%	$7.7M	$405.4M	50x	as long as short
Bitget SOLUSDTshort	+0.0064%	8h	116.50	−0.005%	$479.9M	$460.3M	100x
Orderly PERP_SOL_USDC	+0.0096%	8h	116.53	+0.020%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.48	−0.026%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.50	−0.011%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.52	+0.006%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.52	+0.008%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.59	+0.070%	$1.0M	$550K	50x	as long as short
Nado SOL-PERPlong	+0.0100%	1h	116.51	long leg	$5.2M	$40.7M	40x
Hyperliquid SOL	+0.0100%	1h	116.63	+0.103%	$696.9M	$406.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.53	+0.015%	$175.7M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	+0.027%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.53	+0.014%	$972.1M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.51	0.000%	$364.2M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.40	−0.095%	$216K	$878K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.60	+0.074%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.565%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.54	+0.026%	$843.0M	$672.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.52	+0.008%	$354.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.53	+0.018%	$126.6M	$230.4M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	−0.009%	$23.0M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.442%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.07	−0.382%	$93.2M	$407.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	−0.093%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.44	−0.057%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.45	−0.052%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.52	+0.008%	$319K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	+0.006%	$169K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.54	+0.022%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.49	−0.020%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.48	−0.026%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.34	−0.146%	$225.3M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.46	−0.043%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.51	+0.004%	$8.0M	$39.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0108%	1h	116.58	+0.059%	$26.3M	$22.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.53	+0.013%	—	$239.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.730%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	−0.120%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.50	−0.012%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	−0.060%	$51.7M	$68.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.51	+0.001%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.63	+0.107%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0559%	1h	116.18	−0.281%	$25K	$55K	20x	as long as short