Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.038%

Price spread now: Orderly against Vest−0.104%7-day average +0.026% · you buy dearer than you sell

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

Long on Vest Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.282%−$28 · spread now −0.104%, 7d avg +0.026%

Together, before fees−0.186%+ Points / potential airdropVest: Active · farm board−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.129% cheaper against Vest than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of +0.026%). If the spread goes back, that is −$13 on $10k: about 6.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SOL-PERP	117.00	−0.0009	get 0.0001% / 1h	54m 56s	—	$288K	20x
Short	Orderly PERP_SOL_USDC	116.88	0.0062	get 0.0062% / 8h	6h 54m	$1.0M	$5.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee OrderlybpOrdersPrice spread, now −0.104%Rate

Funding earned: $14.93
Price spread: −0.104% → +0.026%: −$12.93
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6
Costs to cover: 0.080%
Break-even: 9.8 days

Slippage unknown: Vest: no order-book sample; Orderly: 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 Vest no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Vest and Orderly: 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 54 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
Bluefin SOL-PERP	−0.0908%	1h	116.87	−0.115%	$27K	$35K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.07	+0.058%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0056%	8h	116.74	−0.223%	$729.1M	$1.31B	100x	as long as short
Vest SOL-PERPlong	−0.0009%	1h	117.00	long leg	—	$288K	20x
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.56	+0.475%	$40K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.95	−0.045%	$1.3M	$17.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.89	−0.096%	$99K	$2.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	116.90	−0.089%	$26.3M	$20.1M	50x	as long as short
ApeX Omni SOLUSDT	+0.0004%	1h	117.33	+0.281%	$1.1M	$6.7M	50x	as long as short
SoDEX SOL-USD	+0.0012%	1h	116.84	−0.138%	$6.1M	$11.1M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0023%	8h	116.74	−0.226%	$481.6M	$428.6M	100x	as long as short
Injective SOL/USDC PERP	+0.0033%	1h	116.34	−0.565%	$4K	$120	12x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.87	−0.111%	$8.2M	$382.4M	50x	as long as short
dYdX SOL-USD	+0.0043%	1h	117.04	+0.036%	$8.1M	$18.3M	20x	as long as short
Lighter RH SOL	+0.0048%	1h	116.83	−0.145%	$2.2M	$13.5M	25x	as long as short
Aster SOLUSDT	+0.0050%	8h	116.77	−0.198%	$177.5M	$162.8M	100x	as long as short
Hibachi SOL/USDT-P	+0.0056%	1h	117.35	+0.300%	$100K	$656K	20x	as long as short
Orderly PERP_SOL_USDCshort	+0.0062%	8h	116.88	−0.104%	$1.0M	$5.5M	100x
01 Exchange SOLUSD	+0.0080%	1h	116.94	−0.052%	$101K	$182K	20x	as long as short
Gate SOL_USDT	+0.0085%	8h	116.85	−0.129%	$845.0M	$585.1M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.86	−0.119%	$13.1M	$54.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.06	+0.050%	$357K	$237K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.94	−0.051%	$1.0M	$556K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.91	−0.078%	$44K	$841K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.91	−0.075%	$5.5M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.93	−0.061%	$709.7M	$389.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.03	+0.024%	$15.9M	$121.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.76	−0.206%	$965.7M	$3.62B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.74	−0.223%	$361.2M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.99	−0.009%	$221K	$802K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.95	−0.039%	$909K	$8.2M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.18	+0.157%	$126.8M	$23.5M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.74	−0.223%	$413.3M	$977.0M	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.86	−0.116%	$133.6M	$231.2M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.79	−0.179%	—	$350.9M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.78	−0.189%	$23.1M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.28	+0.240%	$25.1M	$101.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.22	+0.187%	$94.1M	$406.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.45	+0.381%	$48.1M	$26.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.34	+0.290%	$1.3M	$10.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.90	−0.086%	$321K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.89	−0.095%	$283K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.88	−0.106%	$190K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.84	−0.135%	$226.1M	$45.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.87	−0.112%	$45.4M	$101.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.70	−0.255%	$8.3M	$34.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	117.32	+0.268%	—	$214.3M	500x	as long as short
Phoenix SOL	+0.0124%	1h	117.31	+0.264%	$6.6M	$12.8M	25x	as long as short
Kraken Futures PF_SOLUSD	+0.0185%	1h	116.86	−0.117%	$32.2M	$98.4M	100x	as long as short
Reya SOLRUSDPERP	+0.0198%	1h	116.87	−0.113%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.80	−0.172%	$51.7M	$59.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	116.88	−0.103%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0273%	1h	116.93	−0.063%	$2.2M	$4.7M	20x	as long as short
Aftermath Perps SOLUSD	+0.0419%	1h	117.42	+0.357%	$25K	$53K	20x	as long as short