Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0082%/8h= −9.0% APRnext payment $0.10 per $10,000 · paid last 24h −0.033%
Price spread now: Ondo Perps against Reya−0.067%7-day average −0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.126%−$13 on $10k
Price spread, last 3 days (all we have)−0.347%−$35 · spread now −0.067%, 7d avg −0.028%
Together, before fees−0.473%+ Points / potential airdropReya: Active · Ondo Perps: Active · farm board−$47 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.039% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya SOLRUSDPERP119.030.0182pay 0.0023% / 1h7m 02s$1.1M$551K25x
ShortOndo Perps SOL-USD.P118.950.0100get 0.0013% / 1h7m 02s$233K$887K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Reya. 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

Funding earned
−$17.22
Price spread: −0.067% → −0.028%
−$3.93
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$32.15
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Ondo Perps no order-book sample
Reya and Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin SOL-PERP−0.0230%1h119.03+0.001%$37K$17K25xas long as short
Hotstuff SOL-PERP−0.0080%1h118.91−0.098%$843$8K25xas long as short
Vest SOL-PERP−0.0064%1h118.95−0.069%$723K20xas long as short
Derive SOL-PERP−0.0052%1h118.96−0.058%$2.0M$2.8M13xas long as short
gTrade (Gains Network) SOL/USDL −0.0006% / S +0.0004%1h119.05+0.013%$112K150xas long as short
dYdX SOL-USD−0.0001%1h118.88−0.123%$4.9M$27.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h118.95−0.066%$1.2M$20.7M3.1xas long as short
Perpl SOL0.0000%43m119.03−0.001%$177K$4.0M8.3xas long as short
Phoenix SOL+0.0054%1h118.90−0.109%$6.5M$13.6M25xas long as short
Orderly PERP_SOL_USDC+0.0069%8h119.04+0.012%$1.1M$5.9M100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0072%1h119.01−0.017%$104K$156K20xas long as short
Hibachi SOL/USDT-P+0.0072%1h118.91−0.105%$119K$614K20xas long as short
Aftermath Perps SOLUSD+0.0074%1h119.02−0.010%$24K$47K20xas long as short
BingX SOL-USDT+0.0080%8h119.14+0.093%$374.5Mas long as short
HTX SOL-USDT+0.0082%8h118.92−0.092%$231.5M$45.1M75xas long as short
Gate SOL_USDT+0.0088%8h119.08+0.042%$869.5M$689.1M100xas long as short
Lighter SOL+0.0096%1h119.10+0.057%$13.6M$56.1M25xas long as short
Lighter RH SOL+0.0096%1h119.08+0.040%$2.2M$17.0M25xas long as short
Aevo SOL-PERP+0.0096%1h119.01−0.015%$353K$748K20xas long as short
Paradex SOL-USD-PERP+0.0099%8h118.87−0.137%$1.0M$522K50xas long as short
Katana Perps SOL-USD+0.0100%8h118.97−0.051%$45K$807K20xas long as short
Nado SOL-PERP+0.0100%1h119.00−0.026%$6.0M$41.7M40xas long as short
Hyperliquid SOL+0.0100%1h119.21+0.151%$718.0M$408.1M20xas long as short
Aster SOLUSDT+0.0100%8h119.12+0.074%$178.4M$176.6M100xas long as short
Pacifica SOL+0.0100%1h118.91−0.099%$12.3M$119.0M20xas long as short
Binance SOLUSDT+0.0100%8h119.14+0.094%$981.8M$3.82B100xas long as short
Bybit SOLUSDT+0.0100%8h119.18+0.128%$829.0M$1.28B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h119.17+0.117%$372.0M$1.72B100xas long as short
Ondo Perps SOL-USD.Pshort+0.0100%1h118.95−0.067%$233K$887K10x
Arcus SOL-USD+0.0100%1h118.99−0.035%$1.9M$9.0M20xas long as short
Bulk SOL-USD+0.0100%1h118.85−0.151%$133.1M$7.6M20xas long as short
MEXC SOL_USDT+0.0100%8h119.11+0.067%$453.0M$1.13B300xas long as short
KuCoin SOLUSDTM+0.0100%8h119.05+0.018%$139.6M$202.2M75xas long as short
Bitget SOLUSDT+0.0100%8h119.16+0.108%$496.1M$457.3M100xas long as short
Backpack SOL_USDC_PERP+0.0100%1h119.15+0.101%$24.2M$37.8M50xas long as short
Variational Omni SOL+0.0100%8h118.87−0.135%$27.5M$128.4Mas long as short
edgeX SOLUSDC+0.0100%4h118.86−0.143%$95.5M$400.3M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h118.99−0.034%$48.7M$31.6M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h118.96−0.059%$1.5M$6.2M50xas long as short
StandX SOL-USD+0.0100%1h118.91−0.101%$1.4M$13.4M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h119.04+0.008%$366K$2.4M20xas long as short
Bullet SOL-USD+0.0100%1h119.04+0.008%$202K$1.7M20xas long as short
SunX SOL-USDT+0.0100%8h118.90−0.112%$193K$1.9M30xas long as short
SoDEX SOL-USD+0.0100%1h119.07+0.033%$6.2M$10.8M20xas long as short
Phemex SOLUSDT+0.0100%8h119.10+0.059%$46.5M$102.4M50xas long as short
Extended SOL-USD+0.0104%1h119.01−0.021%$8.7M$36.2M50xas long as short
Deribit SOL_USDC-PERPETUAL+0.0109%1h119.11+0.064%$26.7M$27.8M50xas long as short
Coinbase International SOL-PERP-INTX+0.0112%1h119.12+0.077%$8.3M$416.5M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h119.00−0.022%$225.0M500xas long as short
Kraken Futures PF_SOLUSD+0.0150%1h119.09+0.052%$32.6M$97.0M100xas long as short
GMX SOL/USD [SOL-USDC]L +0.0170% / S −0.0072%1h119.05+0.013%$3.7M200xas long as short
Reya SOLRUSDPERPlong+0.0182%1h119.03long leg$1.1M$551K25x
RISEx SOL/USDC+0.0192%1h119.02−0.005%$1.7M$5.7M20xas long as short
Injective SOL/USDC PERP+0.0213%1h119.02−0.009%$4K$2K12xas long as short
BloFin SOL-USDT+0.0220%8h119.10+0.059%$52.1M$84.2M125xas long as short