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

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.159%
Price spread now: Injective against Ondo Perps−0.151%101s7-day average · you buy dearer than you sell
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 7 days−0.003%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Injective is 0.151% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.151% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 4.4 days of funding at the current rate (+$3 a day). The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps SOL-USD.P119.310.0100pay 0.0013% / 1h27m 39s$233K$886K10x
ShortInjective SOL/USDC PERP119.130.0213get 0.0027% / 1h27m 39s$4K$2K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Ondo 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
$23.81
Price spread: −0.151% → 0.000%
−$15.09
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$3.7
Costs to cover
0.050%
Break-even
5.9 days
Slippage unknown: Ondo Perps: no order-book sample; Injective: 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 Ondo Perps no order-book sample
Sell Injective no order-book sample
Ondo Perps and Injective: 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
Bluefin SOL-PERP−0.0118%1h119.23−0.067%$37K$17K25xas long as short
Derive SOL-PERP−0.0086%1h119.13−0.147%$2.0M$3.0M13xas long as short
Hotstuff SOL-PERP−0.0080%1h119.34+0.023%$846$8K25xas long as short
Vest SOL-PERP−0.0060%1h119.24−0.060%$722K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0005% / S +0.0004%1h119.25−0.052%$106K150xas long as short
dYdX SOL-USD−0.0001%1h119.15−0.135%$4.9M$27.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h119.37+0.053%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.24−0.060%$178K$4.0M8.3xas long as short
Hibachi SOL/USDT-P+0.0032%1h119.30−0.004%$120K$611K20xas long as short
Phoenix SOL+0.0054%1h119.24−0.059%$6.6M$13.6M25xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_SOL_USDC+0.0067%8h119.22−0.074%$1.1M$5.9M100xas long as short
Aftermath Perps SOLUSD+0.0078%1h119.34+0.023%$24K$47K20xas long as short
BingX SOL-USDC+0.0080%8h119.17−0.116%$10.5Mas long as short
HTX SOL-USDT+0.0084%8h119.15−0.133%$232.0M$45.0M75xas long as short
Gate SOL_USDT+0.0087%8h119.16−0.126%$869.8M$683.5M100xas long as short
01 Exchange SOLUSD+0.0088%1h119.35+0.034%$104K$154K20xas long as short
Lighter SOL+0.0096%1h119.17−0.117%$13.6M$55.8M25xas long as short
Lighter RH SOL+0.0096%1h119.17−0.121%$2.1M$16.8M25xas long as short
Aevo SOL-PERP+0.0096%1h119.18−0.107%$353K$748K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h119.14−0.144%$1.0M$523K50xas long as short
Katana Perps SOL-USD+0.0100%8h119.21−0.084%$47K$794K20xas long as short
Nado SOL-PERP+0.0100%1h119.36+0.042%$6.2M$41.6M40xas long as short
Hyperliquid SOL+0.0100%1h119.26−0.042%$717.7M$416.6M20xas long as short
Aster SOLUSDT+0.0100%8h119.18−0.107%$178.4M$176.3M100xas long as short
Pacifica SOL+0.0100%1h119.21−0.081%$12.3M$117.8M20xas long as short
Binance SOLUSDT+0.0100%8h119.17−0.117%$985.4M$3.81B100xas long as short
Bybit SOLUSDT+0.0100%8h119.20−0.088%$823.8M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.17−0.117%$370.9M$1.71B100xas long as short
Ondo Perps SOL-USD.Plong+0.0100%1h119.31long leg$233K$886K10x
Arcus SOL-USD+0.0100%1h119.25−0.047%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h119.16−0.129%$133.7M$8.0M20xas long as short
MEXC SOL_USDT+0.0100%8h119.18−0.109%$453.2M$1.12B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.18−0.112%$140.8M$201.4M75xas long as short
Bitget SOLUSDT+0.0100%8h119.18−0.111%$495.1M$455.7M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.18−0.109%$24.1M$38.6M50xas long as short
Variational Omni SOL+0.0100%8h119.26−0.042%$27.9M$128.1Mas long as short
edgeX SOLUSDC+0.0100%4h119.40+0.077%$95.9M$399.9M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h119.09−0.181%$48.8M$31.8M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h119.40+0.073%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h119.28−0.025%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.29−0.017%$365K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.22−0.075%$202K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h119.31−0.003%$194K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.17−0.117%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.18−0.109%$46.5M$102.3M50xas long as short
Extended SOL-USD+0.0104%1h119.15−0.130%$8.7M$36.3M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.20−0.088%$8.2M$415.3M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.38+0.061%$223.3M500xas long as short
Deribit SOL_USDC-PERPETUAL+0.0145%1h119.25−0.051%$26.7M$27.6M50xas long as short
Kraken Futures PF_SOLUSD+0.0150%1h119.17−0.118%$32.6M$95.8M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0171% / S −0.0085%1h119.25−0.052%$3.6M200xas long as short
Reya SOLRUSDPERP+0.0181%1h119.23−0.070%$1.1M$557K25xas long as short
RISEx SOL/USDC+0.0192%1h119.25−0.047%$1.7M$6.0M20xas long as short
Injective SOL/USDC PERPshort+0.0213%1h119.13−0.151%$4K$2K12x
BloFin SOL-USDT+0.0220%8h119.28−0.025%$52.3M$82.8M125xas long as short