Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Bulk against SoDEX+0.009%7-day average +0.030% · 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−$27as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on SoDEX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.135%+$14 · spread now +0.009%, 7d avg +0.030%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.021% cheaper against SoDEX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	116.69	0.0100	pay 0.0013% / 1h	21m 30s	$6.1M	$10.8M	20x
Short	Bulk SOL-USD	116.70	0.0100	get 0.0013% / 1h	21m 30s	$133.2M	$21.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against SoDEX. 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 SoDEXbpFee BulkbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.030%: −$2.14
Slippage, 4 orders: −$9.42
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$26.56
Costs to cover: 0.244%
Break-even: 54577330991255272.0 days

Slippage from SoDEX: live order book, 3 min ago; Bulk: live order book, 3 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 SoDEX live order book, 3 min ago	0.43 bp	4.4 bp −$4	4.7 bp −$47	16.3 bp −$1,631	doesn't fit
Sell Bulk live order book, 3 min ago	4.28 bp	7.8 bp −$8	7.8 bp −$78	7.8 bp −$778	14.6 bp −$7,292

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
Hibachi SOL/USDT-P	−0.0128%	1h	116.69	+0.002%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.56	−0.115%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.76	+0.062%	$913	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.69	0.000%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.74	+0.041%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.63	−0.051%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0031%	1h	116.65	−0.036%	$1.9M	$2.9M	13x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.60	−0.077%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.69	+0.004%	$7.4M	$404.8M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.68	−0.006%	$31.1M	$100.2M	100x	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	+0.0091%	8h	116.72	+0.024%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.59	−0.085%	$13.0M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.59	−0.088%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.70	+0.013%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.54	−0.129%	$51K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.63	−0.051%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.58	−0.095%	$5.3M	$39.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.70	+0.009%	$704.4M	$395.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.58	−0.091%	$174.7M	$182.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.62	−0.056%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.58	−0.094%	$969.1M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.53	−0.137%	$781.8M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.59	−0.086%	$369.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.74	+0.043%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.59	−0.089%	$927K	$9.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.58	−0.094%	$841.6M	$662.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.59	−0.086%	$387.3M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.58	−0.095%	$127.9M	$219.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.56	−0.113%	$478.9M	$441.0M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.54	−0.131%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.61	−0.069%	$23.3M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.61	−0.066%	$24.3M	$113.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	−0.013%	$93.7M	$398.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.70	+0.010%	$47.7M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.81	+0.103%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.77	+0.069%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.57	−0.103%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.67	−0.013%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.69	+0.003%	$25K	$30K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.73	+0.037%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	116.69	long leg	$6.1M	$10.8M	20x
HTX SOL-USDT	+0.0100%	8h	116.61	−0.066%	$226.4M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.66	−0.026%	$45.6M	$102.1M	50x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	116.70	+0.009%	$133.2M	$21.0M	20x
Extended SOL-USD	+0.0104%	1h	116.51	−0.156%	$8.3M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.75	+0.048%	—	$231.0M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0127%	1h	116.74	+0.043%	$26.4M	$25.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.73	+0.034%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.77	+0.069%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.56	−0.110%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.69	0.000%	$51.8M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0181%	1h	116.69	−0.003%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.73	+0.036%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0526%	1h	116.76	+0.062%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.64	−0.043%	$1.9M	$4.9M	20x	as long as short