Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h −0.006%

Price spread now: BloFin against RISEx+0.059%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.048%+$5 on $10k

Price spread, last 3 days (all we have)−0.167%−$17 · spread now +0.059%, 7d avg −0.016%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.075% dearer against RISEx than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	119.10	0.0161	pay 0.0020% / 1h	25m 17s	$1.8M	$4.5M	20x
Short	BloFin SOL-USDT	119.17	0.0220	get 0.0220% / 8h	7h 25m	$51.9M	$76.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against RISEx. 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 RISExbpFee BloFinbpOrdersPrice spread, now +0.059%Rate

Funding earned: $12.38
Price spread: +0.059% → −0.016%: $7.48
Slippage, 4 orders: −$3.18
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.32
Costs to cover: 0.212%
Break-even: 7.7 days

Slippage from RISEx: live order book, 4 min ago; BloFin: live order book, 4 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 RISEx live order book, 4 min ago	0.04 bp	4.0 bp −$4	7.4 bp −$74	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	7.7 bp −$772	11.8 bp −$5,897

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
Hotstuff SOL-PERP	−0.0080%	1h	119.17	+0.061%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	119.08	−0.020%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	119.09	−0.011%	$2.0M	$2.7M	13x	as long as short
Bluefin SOL-PERP	−0.0028%	1h	119.19	+0.071%	$37K	$17K	25x	as long as short
dYdX SOL-USD	−0.0019%	1h	119.20	+0.084%	$5.0M	$25.7M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.20	+0.085%	$32.3M	$97.0M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.17	+0.055%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.22	+0.098%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.12	+0.015%	$154K	$3.8M	8.3x	as long as short
HTX SOL-USDT	+0.0007%	8h	119.17	+0.059%	$231.9M	$43.9M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0024%	1h	119.21	+0.095%	$101K	$657K	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	119.12	+0.017%	$104K	$159K	20x	as long as short
Phemex SOLUSDT	+0.0041%	8h	119.19	+0.075%	$46.7M	$99.9M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.14	+0.036%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0082%	8h	119.19	+0.080%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.23	+0.106%	$8.1M	$410.6M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.17	+0.059%	$14.2M	$56.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.21	+0.089%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.19	+0.073%	$349K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.16	+0.050%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.07	−0.025%	$45K	$782K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.20	+0.088%	$5.9M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.23	+0.109%	$723.1M	$399.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.15	+0.038%	$179.7M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.22	+0.100%	$12.2M	$124.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.14	+0.034%	$981.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.21	+0.092%	$825.2M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.19	+0.075%	$371.2M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.03	−0.059%	$233K	$834K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.07	−0.026%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.07	−0.025%	$136.4M	$9.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	119.14	+0.034%	$854.4M	$667.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.11	+0.008%	$432.8M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.14	+0.032%	$138.6M	$202.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.18	+0.066%	$494.6M	$439.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.20	+0.084%	$24.2M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.24	+0.114%	$27.0M	$128.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.02	−0.068%	$95.6M	$402.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.04	−0.050%	$48.7M	$29.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.07	−0.025%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.06	−0.034%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.12	+0.017%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.15	+0.039%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.09	−0.008%	$194K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.16	+0.050%	$6.3M	$10.8M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0103%	1h	119.24	+0.116%	$26.7M	$24.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.16	+0.049%	$8.6M	$35.0M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.17	+0.059%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.16	+0.053%	—	$219.2M	500x	as long as short
RISEx SOL/USDClong	+0.0161%	1h	119.10	long leg	$1.8M	$4.5M	20x
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	119.16	+0.048%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.076%	$4K	$2K	12x	as long as short
Aftermath Perps SOLUSD	+0.0181%	1h	119.07	−0.022%	$25K	$50K	20x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	119.10	−0.001%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	119.17	+0.059%	$51.9M	$76.2M	125x