Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:03 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.044%

Price spread now: Polymarket Perps against Perpl−0.162%57s7-day average +0.026% · you buy dearer than you sell

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

Long on Perpl Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.248%+$25 on $10k

Price spread, last 7 days+0.176%+$18 · spread now −0.162%, 7d avg +0.026%

Together, before fees+0.424%+ Points / potential airdropPerpl: Active · farm board+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.187% cheaper against Perpl than usual: you would sell low and buy high (spread −0.162% now, against its 7-day average of +0.026%). If the spread goes back, that is −$19 on $10k: about 6.2 days of funding at the current rate (+$3 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl SOL	119.43	0	get 0.0000% / 43m	2m 29s	$179K	$4.0M	8.3x
Short	Polymarket Perps SOL-USD	119.24	0.0100	get 0.0013% / 1h	32m 29s	$364K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Perpl. 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 PerplbpFee Polymarket PerpsbpOrdersPrice spread, now −0.162%Rate

Funding earned: $21
Price spread: −0.162% → +0.026%: −$18.75
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$19.55
Costs to cover: 0.218%
Break-even: 13.5 days

Slippage unknown: Perpl: no order-book sample; Polymarket Perps: 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 Perpl no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 1 min ago	0.42 bp	4.4 bp −$4	6.7 bp −$67	doesn't fit	doesn't fit

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 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
Bluefin SOL-PERP	−0.0199%	1h	119.38	−0.048%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.28	−0.131%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.31	−0.107%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	119.23	−0.169%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.29	−0.116%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.38	−0.042%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.44	+0.007%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOLlong	0.0000%	43m	119.43	long leg	$179K	$4.0M	8.3x
Hibachi SOL/USDT-P	+0.0024%	1h	119.39	−0.033%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.38	−0.044%	$6.6M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0067%	8h	119.38	−0.045%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0071%	1h	119.47	+0.035%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.31	−0.101%	—	$374.0M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.32	−0.098%	$232.4M	$44.7M	75x	as long as short
Gate SOL_USDT	+0.0083%	8h	119.29	−0.120%	$870.2M	$682.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0085%	1h	119.42	−0.015%	$26.7M	$27.6M	50x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.29	−0.120%	$104K	$153K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.30	−0.111%	$13.6M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.29	−0.120%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.39	−0.040%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.27	−0.133%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.28	−0.128%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.30	−0.112%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.37	−0.053%	$718.8M	$415.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.28	−0.126%	$178.5M	$176.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.33	−0.090%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.27	−0.135%	$986.6M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.24	−0.158%	$823.5M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.23	−0.170%	$371.5M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.26	−0.145%	$234K	$885K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.36	−0.058%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.31	−0.103%	$451.7M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.30	−0.110%	$141.0M	$200.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.24	−0.165%	$495.3M	$455.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.34	−0.078%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	−0.018%	$27.9M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.38	−0.045%	$95.9M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.40	−0.032%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.44	+0.006%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.42	−0.011%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USDshort	+0.0100%	1h	119.24	−0.162%	$364K	$2.3M	20x
Bullet SOL-USD	+0.0100%	1h	119.36	−0.059%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.37	−0.056%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.36	−0.061%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.35	−0.069%	$46.6M	$102.0M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.264%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.29	−0.120%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.38	−0.042%	$8.2M	$415.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.46	+0.025%	—	$223.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.35	−0.071%	$32.6M	$95.6M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0085%	1h	119.37	−0.050%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.22	−0.175%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.33	−0.082%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.254%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.32	−0.095%	$52.2M	$82.8M	125x	as long as short