Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Pacifica−0.036%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.036%, 7d avg −0.011%

Together, before fees+0.014%+ Points / potential airdropPacifica: Active · farm board+$1 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: Bybit is 0.025% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SOL	117.94	0.0100	pay 0.0013% / 1h	29m 39s	$14.4M	$128.9M	20x
Short	Bybit SOLUSDT	117.90	0.0100	get 0.0100% / 8h	6h 29m	$821.7M	$1.28B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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 PacificabpFee BybitbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.011%: −$2.46
Slippage, 4 orders: −$2.31
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.77
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Bybit: live order book, 5 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 Pacifica live order book, 4 min ago	0.42 bp	4.4 bp −$4	6.8 bp −$68	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.43 bp	5.9 bp −$6	7.1 bp −$71	11.4 bp −$1,138	21.8 bp −$10.9K

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	117.76	−0.152%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.75	−0.161%	—	$607K	20x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	117.84	−0.088%	$92K	$692K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.78	−0.134%	$2.0M	$2.8M	13x	as long as short
ApeX Omni SOLUSDT	−0.0019%	1h	117.75	−0.163%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.85	−0.078%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.93	−0.010%	$4.5M	$24.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.81	−0.109%	$1.4M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.86	−0.069%	$129K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.87	−0.063%	$2.0M	$4.6M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0020%	8h	117.81	−0.111%	$229.0M	$45.6M	75x	as long as short
Gate SOL_USDT	+0.0034%	8h	117.89	−0.044%	$854.3M	$660.5M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.89	−0.041%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.89	−0.040%	$8.0M	$410.6M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0075%	1h	117.92	−0.018%	$26.4M	$25.5M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.91	−0.026%	—	$370.0M	—	as long as short
Orderly PERP_SOL_USDC	+0.0086%	8h	117.88	−0.049%	$1.1M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.91	−0.027%	$13.1M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.89	−0.041%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.92	−0.019%	$103K	$160K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.88	−0.056%	$345K	$259K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.94	−0.003%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.84	−0.087%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.86	−0.070%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.92	−0.020%	$177.1M	$180.1M	100x	as long as short
Pacifica SOLlong	+0.0100%	1h	117.94	long leg	$14.4M	$128.9M	20x
Binance SOLUSDT	+0.0100%	8h	117.90	−0.035%	$972.8M	$3.81B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	117.90	−0.036%	$821.7M	$1.28B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	117.88	−0.053%	$366.3M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.88	−0.053%	$238K	$893K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.90	−0.036%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.330%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.90	−0.036%	$424.1M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.91	−0.027%	$131.6M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.86	−0.071%	$487.8M	$441.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.91	−0.027%	$23.8M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	−0.191%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.73	−0.183%	$94.6M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	−0.282%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.81	−0.112%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.83	−0.095%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.84	−0.090%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.86	−0.069%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.86	−0.072%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.89	−0.044%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.88	−0.053%	$45.9M	$101.7M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.89	−0.044%	$6.5M	$13.5M	25x	as long as short
Hyperliquid SOL	+0.0103%	1h	118.02	+0.066%	$720.8M	$402.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.85	−0.080%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.72	−0.192%	—	$227.1M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.82	−0.105%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.219%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0172%	1h	117.84	−0.087%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0314%	1h	117.75	−0.164%	$25K	$51K	20x	as long as short