Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:55 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%

Price spread now: Perpl against Pacifica+0.032%7-day average −0.033% · you sell dearer than you buy

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

Long on Pacifica Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.032%, 7d avg −0.033%

Together, before fees−0.258%+ Points / potential airdropPacifica: Active · Perpl: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.065% dearer against Pacifica than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.033%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SOL	117.89	0.0100	pay 0.0013% / 1h	27m 53s	$14.4M	$128.9M	20x
Short	Perpl SOL	117.93	0	get 0.0000% / 43m	32m 53s	$129K	$3.9M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$21
Price spread: +0.032% → −0.033%: $6.46
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$36.34
Costs to cover: 0.218%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 1 min ago; Perpl: 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 Pacifica live order book, 1 min ago	0.42 bp	4.4 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	117.77	−0.106%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0070%	1h	117.85	−0.033%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.92	+0.027%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	−0.0040%	1h	117.82	−0.058%	$92K	$682K	20x	as long as short
ApeX Omni SOLUSDT	−0.0019%	1h	117.75	−0.121%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.98	+0.076%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.88	−0.010%	$4.5M	$24.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.86	−0.031%	$1.4M	$21.2M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	117.93	+0.032%	$129K	$3.9M	8.3x
RISEx SOL/USDC	+0.0018%	1h	117.90	+0.008%	$2.0M	$4.7M	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	+0.0034%	8h	118.00	+0.091%	$229.3M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0039%	8h	118.03	+0.116%	$855.4M	$660.9M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	118.03	+0.117%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.04	+0.127%	$8.0M	$410.8M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.06	+0.138%	—	$369.0M	—	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0085%	1h	118.08	+0.160%	$26.5M	$25.5M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	118.03	+0.113%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.04	+0.124%	$13.1M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.04	+0.123%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.93	+0.032%	$103K	$160K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.02	+0.104%	$346K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.93	+0.031%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.88	−0.011%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.93	+0.036%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.04	+0.128%	$177.3M	$180.1M	100x	as long as short
Pacifica SOLlong	+0.0100%	1h	117.89	long leg	$14.4M	$128.9M	20x
Binance SOLUSDT	+0.0100%	8h	118.06	+0.139%	$973.0M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.08	+0.159%	$823.2M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.02	+0.108%	$366.8M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.81	−0.070%	$238K	$893K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.91	+0.016%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.288%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.01	+0.099%	$425.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.05	+0.129%	$131.7M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.01	+0.099%	$488.6M	$441.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.07	+0.150%	$23.8M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	−0.149%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.73	−0.141%	$94.6M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	−0.241%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.87	−0.019%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.92	+0.023%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.96	+0.059%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.00	+0.093%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.03	+0.114%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.03	+0.116%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.03	+0.116%	$46.0M	$101.5M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	+0.074%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.98	+0.078%	$8.2M	$36.0M	50x	as long as short
Hyperliquid SOL	+0.0106%	1h	118.15	+0.218%	$721.8M	$402.5M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.85	−0.032%	—	$227.0M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.92	+0.025%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	118.20	+0.261%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	117.96	+0.059%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0320%	1h	117.81	−0.072%	$25K	$51K	20x	as long as short