Funding arb · Price arb /

SOL

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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 0.000%

Price spread now: Pacifica against Ondo Perps+0.111%7-day average +0.010% · you sell dearer than you buy

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

Long on Ondo Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days+0.227%+$23 · spread now +0.111%, 7d avg +0.010%

Together, before fees+0.155%+ Points / potential airdropOndo Perps: Active · Pacifica: Active · farm board+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.101% dearer against Ondo Perps than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SOL-USD.P	117.22	0.0100	pay 0.0013% / 1h	12m 46s	$219K	$819K	10x
Short	Pacifica SOL	117.35	0.0100	get 0.0013% / 1h	12m 46s	$15.8M	$127.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee PacificabpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → +0.010%: $10.15
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$2.85
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Pacifica: live order book, 1 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 1 min ago	0.43 bp	5.0 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit

Ondo Perps: 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
Hotstuff SOL-PERP	−0.0080%	1h	117.27	+0.044%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0057%	8h	117.29	+0.060%	$733.5M	$1.31B	100x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	117.17	−0.039%	$32.5M	$99.3M	100x	as long as short
Vest SOL-PERP	−0.0004%	1h	117.19	−0.028%	—	$517K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.18	−0.034%	$39K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.31	+0.076%	$1.3M	$18.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.19	−0.024%	$100K	$3.0M	8.3x	as long as short
Bitget SOLUSDT	+0.0022%	8h	117.29	+0.057%	$485.5M	$423.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.17	−0.041%	$8.1M	$386.3M	50x	as long as short
Aster SOLUSDT	+0.0052%	8h	117.29	+0.060%	$178.2M	$164.8M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0065%	8h	117.14	−0.065%	$1.0M	$5.5M	100x	as long as short
dYdX SOL-USD	+0.0073%	1h	117.27	+0.040%	$8.2M	$21.5M	20x	as long as short
Phemex SOLUSDT	+0.0079%	8h	117.21	−0.009%	$45.5M	$102.6M	50x	as long as short
Lighter SOL	+0.0096%	1h	117.31	+0.075%	$13.2M	$56.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.29	+0.061%	$2.2M	$15.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.13	−0.080%	$353K	$234K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.31	+0.076%	$1.0M	$554K	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0098%	1h	117.20	−0.016%	$26.4M	$20.3M	50x	as long as short
SoDEX SOL-USD	+0.0099%	1h	117.12	−0.085%	$6.1M	$11.1M	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.27	+0.043%	$48K	$841K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.22	+0.002%	$5.4M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.42	+0.171%	$712.2M	$392.8M	20x	as long as short
Pacifica SOLshort	+0.0100%	1h	117.35	+0.111%	$15.8M	$127.5M	20x
Binance SOLUSDT	+0.0100%	8h	117.31	+0.077%	$967.7M	$3.63B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.29	+0.060%	$366.8M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.Plong	+0.0100%	1h	117.22	long leg	$219K	$819K	10x
Arcus SOL-USD	+0.0100%	1h	117.33	+0.092%	$934K	$8.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.93	−0.249%	$126.5M	$25.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.23	+0.009%	$851.8M	$624.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.31	+0.077%	$418.9M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.31	+0.079%	$132.1M	$231.7M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.24	+0.016%	—	$357.9M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.23	+0.009%	$23.3M	$36.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.15	−0.061%	$25.1M	$102.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.05	−0.141%	$94.0M	$408.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.10	−0.102%	$47.9M	$27.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.05	−0.148%	$1.1M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.29	+0.060%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.21	−0.009%	$322K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.19	−0.028%	$285K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.18	−0.036%	$27K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.15	−0.064%	$190K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.14	−0.066%	$226.8M	$47.5M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	117.17	−0.040%	$8.3M	$34.9M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	117.27	+0.043%	$101K	$181K	20x	as long as short
Hibachi SOL/USDT-P	+0.0120%	1h	117.34	+0.102%	$105K	$654K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	117.25	+0.024%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0124%	1h	117.19	−0.026%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.751%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	117.14	−0.065%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.15	−0.060%	$52.1M	$59.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.19	−0.028%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0415%	1h	117.00	−0.192%	$25K	$52K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	117.28	+0.051%	$2.2M	$4.7M	20x	as long as short