Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.012%

Price spread now: Extended against Orderly−0.009%7-day average −0.042% · you buy dearer than you sell

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.009%, 7d avg −0.042%

Together, before fees+0.222%+ Points / potential airdropExtended: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.033% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SOL_USDC	119.78	0.0061	pay 0.0061% / 8h	2h 21m	$1.1M	$5.9M	100x
Short	Extended SOL-USD	119.77	0.0104	get 0.0013% / 1h	21m 16s	$8.8M	$37.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.009%Rate

Funding earned: $8.96
Price spread: −0.009% → −0.042%: $3.35
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.31
Costs to cover: 0.110%
Break-even: 6.0 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 3 min ago	0.42 bp	2.9 bp −$3	2.9 bp −$29	6.1 bp −$614	doesn't fit

Orderly: 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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.523%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.59	−0.158%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.70	−0.061%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0047%	1h	119.69	−0.072%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.82	+0.037%	$4.9M	$26.9M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.77	−0.008%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.79	+0.011%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.77	−0.008%	$180K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0017%	1h	119.49	−0.240%	$24K	$47K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0044%	1h	119.85	+0.063%	$26.9M	$27.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0056%	1h	119.59	−0.154%	$120K	$605K	20x	as long as short
HTX SOL-USDT	+0.0056%	8h	119.63	−0.121%	$233.0M	$44.5M	75x	as long as short
Orderly PERP_SOL_USDClong	+0.0061%	8h	119.78	long leg	$1.1M	$5.9M	100x
01 Exchange SOLUSD	+0.0072%	1h	119.80	+0.020%	$105K	$152K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.71	−0.054%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.78	+0.003%	$875.1M	$685.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.76	−0.013%	$13.7M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.75	−0.020%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.78	0.000%	$356K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.74	−0.032%	$1.1M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.75	−0.022%	$48K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.78	−0.001%	$6.5M	$41.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.82	+0.037%	$723.3M	$410.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.78	+0.004%	$180.4M	$175.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.80	+0.019%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.74	−0.030%	$978.2M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.78	+0.003%	$831.4M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.74	−0.030%	$372.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.68	−0.080%	$235K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.81	+0.029%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.099%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.73	−0.038%	$424.9M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.77	−0.007%	$143.0M	$197.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.79	+0.009%	$500.7M	$451.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.75	−0.022%	$24.5M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.50	−0.230%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.60	−0.147%	$96.1M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.58	−0.164%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.59	−0.154%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.65	−0.105%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.80	+0.020%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.73	−0.035%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.77	−0.005%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.74	−0.034%	$195K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.80	+0.020%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.78	+0.003%	$46.8M	$101.0M	50x	as long as short
Extended SOL-USDshort	+0.0104%	1h	119.77	−0.009%	$8.8M	$37.0M	50x
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.85	+0.064%	$8.2M	$418.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.76	−0.013%	—	$219.6M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	−0.022%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.80	+0.019%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.71	−0.054%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.59	−0.155%	$51.8M	$86.4M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.84	+0.051%	$35.9M	$90.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0171%	1h	119.77	−0.009%	$3.6M	—	200x	as long as short