Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:20 UTC−0.0175%/8h= −19.2% APRpaid last 24h −0.080%

Price spread now: Perpl against RISEx−0.042%7-day average −0.016% · you buy dearer than you sell

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

Long on RISEx Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.295%−$29 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.042%, 7d avg −0.016%

Together, before fees−0.226%+ Points / potential airdropPerpl: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Perpl is 0.025% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	119.15	0.0175	pay 0.0022% / 1h	5m 04s	$1.6M	$6.0M	20x
Short	Perpl SOL	119.10	0	get 0.0000% / 43m	35m 04s	$178K	$4.0M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$36.79
Price spread: −0.042% → −0.016%: −$2.53
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$59.12
Costs to cover: 0.198%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 4 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 RISEx live order book, 4 min ago	0.04 bp	3.0 bp −$3	6.6 bp −$66	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 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
Injective SOL/USDC PERP	−0.0151%	1h	119.41	+0.222%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.13	−0.017%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0069%	1h	119.07	−0.063%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.02	−0.102%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0005%	1h	119.19	+0.036%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.12	−0.025%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.14	−0.005%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	119.10	−0.042%	$178K	$4.0M	8.3x
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.16	+0.012%	$26.7M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0042%	1h	119.32	+0.148%	$24K	$47K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0058%	8h	119.05	−0.077%	$231.9M	$44.7M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.13	−0.015%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.19	+0.034%	$120K	$633K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.14	−0.005%	$103K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.12	−0.024%	—	$374.7M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.08	−0.055%	$868.6M	$689.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.09	−0.046%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.08	−0.059%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.09	−0.047%	$353K	$747K	20x	as long as short
ApeX Omni SOLUSDT	+0.0099%	1h	119.21	+0.055%	$1.5M	$6.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.10	−0.037%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.12	−0.022%	$48K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.09	−0.044%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.20	+0.046%	$719.0M	$414.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.12	−0.022%	$178.6M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.17	+0.016%	$12.4M	$115.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.15	+0.004%	$976.5M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.16	+0.012%	$823.9M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.14	−0.005%	$371.0M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.08	−0.055%	$233K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.16	+0.009%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.25	+0.088%	$133.7M	$10.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.16	+0.012%	$442.4M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.16	+0.010%	$140.7M	$198.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.14	−0.006%	$497.0M	$453.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.12	−0.022%	$24.2M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.15	+0.003%	$27.5M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.32	+0.143%	$95.8M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.29	+0.125%	$48.8M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.18	+0.029%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.10	−0.038%	$363K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.10	−0.042%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.10	−0.038%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.08	−0.051%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.10	−0.038%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.12	−0.022%	$46.5M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.14	−0.008%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.15	0.000%	$8.2M	$416.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.16	+0.013%	—	$221.9M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.18	+0.029%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.12	−0.025%	$3.6M	—	200x	as long as short
RISEx SOL/USDClong	+0.0175%	1h	119.15	long leg	$1.6M	$6.0M	20x
Reya SOLRUSDPERP	+0.0180%	1h	119.10	−0.042%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.10	−0.038%	$52.0M	$86.7M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.13	−0.017%	$35.4M	$91.3M	100x	as long as short