Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Bybit against SoDEX+0.059%7-day average +0.014% · 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−$16as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.135%+$14 · spread now +0.059%, 7d avg +0.014%

Together, before fees+0.131%+$13 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: Bybit is 0.045% dearer against SoDEX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SOL-USD	119.34	0.0100	pay 0.0013% / 1h	11m 03s	$6.2M	$10.8M	20x
Short	Bybit SOLUSDT	119.41	0.0100	get 0.0100% / 8h	2h 11m	$825.4M	$1.27B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.014%: $4.55
Slippage, 4 orders: −$1.87
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$16.33
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from SoDEX: live order book, 3 min ago; Bybit: live order book, 8 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	0.42 bp	4.4 bp −$4	5.4 bp −$54	15.9 bp −$1,593	doesn't fit
Sell Bybit live order book, 8 min ago	0.42 bp	5.9 bp −$6	6.9 bp −$69	11.8 bp −$1,179	23.7 bp −$11.8K

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	119.15	−0.159%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.27	−0.056%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	119.32	−0.018%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.21	−0.110%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0007%	1h	119.34	0.000%	$4.9M	$27.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.39	+0.042%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.41	+0.062%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.36	+0.017%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0028%	1h	119.43	+0.077%	$26.8M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0039%	1h	119.48	+0.121%	$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	+0.0052%	8h	119.32	−0.020%	$232.4M	$44.7M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0062%	8h	119.38	+0.036%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.31	−0.022%	$120K	$633K	20x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.43	+0.075%	$105K	$151K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.38	+0.035%	—	$374.2M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.37	+0.025%	$871.0M	$688.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.35	+0.008%	$13.7M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.33	−0.012%	$2.1M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.35	+0.009%	$354K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.35	+0.005%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.40	+0.050%	$49K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.38	+0.034%	$6.3M	$41.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.46	+0.101%	$720.7M	$415.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.35	+0.008%	$179.6M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.40	+0.047%	$12.4M	$115.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.40	+0.051%	$977.5M	$3.78B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	119.41	+0.059%	$825.4M	$1.27B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.41	+0.059%	$371.8M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	−0.050%	$234K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.44	+0.080%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.25	−0.075%	$133.7M	$10.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.38	+0.034%	$432.2M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.39	+0.041%	$140.8M	$197.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.38	+0.031%	$498.0M	$453.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.39	+0.042%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.47	+0.109%	$27.4M	$127.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.43	+0.077%	$95.9M	$402.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.33	−0.008%	$48.8M	$33.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.38	+0.037%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.36	+0.017%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.38	+0.034%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.38	+0.035%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.38	+0.031%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.38	+0.030%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USDlong	+0.0100%	1h	119.34	long leg	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	119.38	+0.034%	$46.6M	$101.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.34	+0.001%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.40	+0.049%	$8.2M	$417.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.31	−0.029%	—	$221.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.39	+0.042%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0090%	1h	119.40	+0.048%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.44	+0.083%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.38	+0.032%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.37	+0.025%	$52.0M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.37	+0.028%	$35.5M	$91.2M	100x	as long as short