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: Bullet against SunX−0.001%7-day average +0.014% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on SunX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.184%+$18 · spread now −0.001%, 7d avg +0.014%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	119.74	0.0100	pay 0.0100% / 8h	2h 21m	$195K	$1.9M	30x
Short	Bullet SOL-USD	119.73	0.0100	get 0.0013% / 1h	21m 07s	$203K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against SunX. 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 SunXbpFee BulletbpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → +0.014%: −$1.43
Slippage, 4 orders: −$21.59
Fee SunX: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$39.02
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Bullet: 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 SunX live order book, 5 min ago	1.46 bp	7.3 bp −$7	20.3 bp −$203	doesn't fit	doesn't fit
Sell Bullet live order book, 3 min ago	0.29 bp	5.4 bp −$5	9.1 bp −$91	doesn't fit	doesn't fit

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	−0.489%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.59	−0.124%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	119.70	−0.027%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0047%	1h	119.69	−0.038%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.82	+0.071%	$4.9M	$26.9M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.77	+0.026%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.72	−0.016%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.77	+0.026%	$180K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0017%	1h	119.49	−0.206%	$24K	$47K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0044%	1h	119.85	+0.097%	$26.9M	$27.7M	50x	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	+0.0055%	8h	119.71	−0.019%	$233.0M	$44.6M	75x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	119.59	−0.120%	$120K	$605K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0061%	8h	119.78	+0.034%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.80	+0.054%	$105K	$152K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.82	+0.071%	—	$372.1M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.76	+0.021%	$874.9M	$686.1M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.80	+0.055%	$13.7M	$54.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.78	+0.039%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.78	+0.034%	$356K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.74	+0.002%	$1.1M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.75	+0.012%	$48K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.78	+0.033%	$6.5M	$41.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.91	+0.146%	$724.3M	$411.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.77	+0.029%	$180.4M	$175.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.80	+0.053%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.81	+0.062%	$978.8M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.85	+0.099%	$832.0M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.80	+0.054%	$372.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.68	−0.046%	$235K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.81	+0.063%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.66	−0.065%	$134.1M	$11.3M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.81	+0.062%	$427.5M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.82	+0.072%	$141.7M	$197.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.81	+0.065%	$500.9M	$451.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.84	+0.087%	$24.5M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.50	−0.196%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.60	−0.113%	$96.1M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.58	−0.130%	$49.0M	$33.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.59	−0.121%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.65	−0.071%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.80	+0.054%	$372K	$2.4M	20x	as long as short
Bullet SOL-USDshort	+0.0100%	1h	119.73	−0.001%	$203K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	119.77	+0.029%	$38K	$16K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	119.74	long leg	$195K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	119.80	+0.054%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.78	+0.037%	$46.8M	$101.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.77	+0.025%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.85	+0.098%	$8.2M	$418.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.76	+0.021%	—	$219.6M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.75	+0.012%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.80	+0.053%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.71	−0.020%	$1.1M	$562K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.77	+0.029%	$51.6M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.84	+0.085%	$35.9M	$90.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0171%	1h	119.77	+0.025%	$3.6M	—	200x	as long as short