Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:48 UTC−0.0359%/8h= −39.3% APRpaid last 24h +0.016%

Price spread now: 01 Exchange against Perpl−0.027%7-day average +0.025% · you buy dearer than you sell

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

Long on Perpl Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.229%+$23 on $10k

Price spread, last 4 days (all we have)−0.442%−$44 · spread now −0.027%, 7d avg +0.025%

Together, before fees−0.213%+ Points / potential airdropPerpl: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and 01 Exchange is 0.053% cheaper against Perpl than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.025%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.229%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl SOL	116.79	0.0447	pay 0.0040% / 43m	4m 17s	$138K	$3.7M	8.3x
Short	01 Exchange SOLUSD	116.76	0.0088	get 0.0011% / 1h	50m 17s	$99K	$174K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.027%Rate

Funding earned: −$75.29
Price spread: −0.027% → +0.025%: −$5.27
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$101.36
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; 01 Exchange: live order book, 4 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 01 Exchange live order book, 4 min ago	0.86 bp	8.8 bp −$9	17.6 bp −$176	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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.79	+0.002%	$31.2M	$100.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0160%	1h	117.03	+0.208%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0092%	1h	116.75	−0.032%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.98	+0.158%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.76	−0.027%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.02	+0.193%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0004%	1h	116.81	+0.016%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0030%	1h	116.69	−0.090%	$1.9M	$2.8M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.78	−0.015%	$7.4M	$404.8M	50x	as long as short
01 Exchange SOLUSDshort	+0.0088%	1h	116.76	−0.027%	$99K	$174K	20x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0093%	8h	116.76	−0.029%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.81	+0.014%	$13.1M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.88	+0.073%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.76	−0.025%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.72	−0.062%	$50K	$882K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.80	+0.007%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.79	−0.004%	$5.4M	$40.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.83	+0.033%	$705.4M	$393.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.74	−0.045%	$174.8M	$183.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.84	+0.037%	$15.8M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.77	−0.019%	$974.4M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.67	−0.107%	$771.4M	$1.37B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.74	−0.045%	$367.7M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.90	+0.092%	$230K	$838K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.82	+0.022%	$926K	$8.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.72	−0.062%	$850.2M	$656.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.77	−0.019%	$365.9M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.73	−0.053%	$129.1M	$222.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.72	−0.057%	$480.1M	$442.7M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.72	−0.060%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.96	+0.144%	$23.2M	$39.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.95	+0.139%	$24.6M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.88	+0.077%	$93.8M	$398.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.05	+0.221%	$47.8M	$30.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.99	+0.173%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.99	+0.170%	$1.3M	$12.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.72	−0.062%	$322K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.77	−0.016%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.75	−0.037%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.96	+0.142%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.78	−0.010%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.80	+0.008%	$226.4M	$47.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.83	+0.033%	$45.8M	$102.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.90	+0.092%	$134.0M	$22.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.70	−0.083%	$8.3M	$37.5M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.72	−0.062%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.95	+0.139%	—	$231.4M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0143%	1h	116.82	+0.025%	$26.4M	$23.3M	50x	as long as short
Phoenix SOL	+0.0151%	1h	117.05	+0.221%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.71	−0.069%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.00	+0.178%	$52.0M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.75	−0.039%	$3.6M	—	200x	as long as short
Perpl SOLlong	+0.0447%	43m	116.79	long leg	$138K	$3.7M	8.3x
Aftermath Perps SOLUSD	+0.0515%	1h	116.88	+0.073%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.87	+0.071%	$1.9M	$4.8M	20x	as long as short