Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.047%

Price spread now: Bluefin against Orderly−0.002%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.585%−$59 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.585%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	118.52	0.0075	pay 0.0075% / 8h	23m 05s	$1.0M	$5.9M	100x
Short	Bluefin SOL-PERP	118.52	0.0100	get 0.0013% / 1h	23m 05s	$37K	$17K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Orderly. 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 OrderlybpFee BluefinbpOrdersPrice spread, now −0.002%Rate

Funding earned: $5.25
Price spread: −0.002% → 0.000%: −$0.17
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$7.91
Costs to cover: 0.130%
Break-even: 17.5 days

Slippage unknown: Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Bluefin no order-book sample	—	—	—	—	—

Orderly 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SOL-PERP	−0.0080%	1h	118.42	−0.085%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.40	−0.103%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0069%	1h	118.43	−0.079%	$2.0M	$2.8M	13x	as long as short
ApeX Omni SOLUSDT	−0.0020%	1h	118.38	−0.121%	$1.5M	$6.2M	50x	as long as short
dYdX SOL-USD	−0.0014%	1h	118.51	−0.008%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.51	−0.010%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.49	−0.022%	$1.3M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.45	−0.057%	$175K	$4.0M	8.3x	as long as short
Orderly PERP_SOL_USDClong	+0.0075%	8h	118.52	long leg	$1.0M	$5.9M	100x
Gate SOL_USDT	+0.0078%	8h	118.53	+0.008%	$862.6M	$682.7M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	118.46	−0.051%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.55	+0.025%	—	$372.4M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	118.43	−0.075%	$230.5M	$45.1M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0088%	1h	118.60	+0.065%	$26.6M	$26.1M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.55	+0.024%	$13.4M	$56.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.54	+0.017%	$2.2M	$17.0M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.47	−0.040%	$119K	$629K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.52	+0.003%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.59	+0.059%	$8.1M	$415.7M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.44	−0.071%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.38	−0.118%	$45K	$798K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.51	−0.008%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.66	+0.118%	$717.7M	$409.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.53	+0.008%	$177.5M	$178.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.50	−0.017%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.54	+0.017%	$978.3M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.54	+0.017%	$822.2M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.50	−0.017%	$367.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.47	−0.042%	$232K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.45	−0.057%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.346%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.53	+0.008%	$425.1M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.53	+0.007%	$137.4M	$205.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.53	+0.005%	$491.2M	$460.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.57	+0.042%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.69	+0.145%	$27.1M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.51	−0.005%	$95.2M	$402.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.79	+0.225%	$48.6M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.47	−0.042%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.46	−0.051%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.49	−0.026%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERPshort	+0.0100%	1h	118.52	−0.002%	$37K	$17K	25x
SunX SOL-USDT	+0.0100%	8h	118.48	−0.030%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.53	+0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.57	+0.042%	$46.3M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.46	−0.051%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.49	−0.026%	$8.7M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.57	+0.040%	$32.4M	$97.4M	100x	as long as short
Aftermath Perps SOLUSD	+0.0114%	1h	118.74	+0.186%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.39	−0.107%	—	$226.6M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0068%	1h	118.51	−0.012%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.329%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.44	−0.067%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.56	+0.034%	$52.2M	$80.4M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.45	−0.063%	$1.6M	$5.2M	20x	as long as short