Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Bullet against OKX+0.038%7-day average +0.032% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.225% of the position

Long on OKX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.038%, 7d avg +0.032%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SOL-USDT-SWAP	116.61	0.0100	pay 0.0100% / 8h	1h 05m	$367.7M	$1.77B	100x
Short	Bullet SOL-USD	116.65	0.0100	get 0.0013% / 1h	5m 01s	$242K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against OKX. 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 OKXbpFee BulletbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.032%: $0.65
Slippage, 4 orders: −$4.51
Fee OKX: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$21.86
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bullet: live order book, 4 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 OKX live order book, 4 min ago	0.43 bp	5.4 bp −$5	5.4 bp −$54	9.6 bp −$963	20.5 bp −$10.2K
Sell Bullet live order book, 4 min ago	0.43 bp	6.0 bp −$6	10.5 bp −$105	doesn't fit	doesn't fit

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
Hibachi SOL/USDT-P	−0.0208%	1h	116.77	+0.136%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.60	−0.009%	$738.7M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.75	+0.123%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.66	+0.043%	$32.3M	$106.2M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.70	+0.073%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0046%	1h	116.64	+0.026%	—	$634K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.66	+0.043%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.73	+0.102%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.68	+0.062%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0016%	1h	116.70	+0.074%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0037%	8h	116.60	−0.005%	$480.7M	$459.2M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.68	+0.060%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	+0.045%	$8.0M	$402.7M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.62	+0.009%	$2.2M	$17.0M	25x	as long as short
SoDEX SOL-USD	+0.0075%	1h	116.63	+0.017%	$6.1M	$11.0M	20x	as long as short
Aster SOLUSDT	+0.0075%	8h	116.61	0.000%	$176.5M	$169.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	116.63	+0.017%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0085%	1h	116.71	+0.082%	$26.4M	$21.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.63	+0.018%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.64	+0.027%	$13.2M	$61.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.62	+0.007%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.61	0.000%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.63	+0.017%	$5.6M	$41.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.75	+0.120%	$701.7M	$408.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.69	+0.067%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.60	−0.009%	$966.4M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAPlong	+0.0100%	8h	116.61	long leg	$367.7M	$1.77B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	116.64	+0.026%	$217K	$837K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.66	+0.044%	$900K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.051%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.63	+0.017%	$849.9M	$676.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.63	+0.017%	$370.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.64	+0.024%	$133.0M	$233.1M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.63	+0.020%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.64	+0.026%	$23.1M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.69	+0.073%	$25.1M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.57	−0.037%	$93.6M	$408.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.63	+0.017%	$47.7M	$29.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.65	+0.034%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.66	+0.043%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.64	+0.026%	$313K	$2.8M	20x	as long as short
Bullet SOL-USDshort	+0.0100%	1h	116.65	+0.038%	$242K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	116.65	+0.033%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.64	+0.027%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	+0.007%	$225.8M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.64	+0.026%	$45.4M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.57	−0.032%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.67	+0.053%	—	$233.7M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	+0.009%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.73	+0.103%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.61	+0.002%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.63	+0.017%	$52.1M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.66	+0.041%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.72	+0.094%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0488%	1h	116.72	+0.091%	$25K	$57K	20x	as long as short