Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.005%

Price spread now: Bitget against 01 Exchange−0.105%7-day average −0.038% · 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−$33as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on 01 Exchange Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.105%, 7d avg −0.038%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.067% cheaper against 01 Exchange than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	116.73	0.0048	pay 0.0006% / 1h	43m 08s	$99K	$177K	20x
Short	Bitget SOLUSDT	116.61	0.0028	get 0.0028% / 8h	43m 08s	$481.1M	$457.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against 01 Exchange. 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 01 ExchangebpFee BitgetbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$4.2
Price spread: −0.105% → −0.038%: −$6.65
Slippage, 4 orders: −$7.81
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$37.66
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from 01 Exchange: live order book, 61 min ago; Bitget: live order book, 1 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 01 Exchange live order book, 61 min ago	0.43 bp	6.2 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.04 bp	7.0 bp −$7	9.5 bp −$95	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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.66	−0.063%	$32.3M	$106.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0152%	1h	116.75	+0.017%	$96K	$681K	20x	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.59	−0.118%	$736.7M	$1.43B	100x	as long as short
Derive SOL-PERP	−0.0093%	1h	116.59	−0.122%	$1.9M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.67	−0.049%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.103%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0047%	1h	116.67	−0.051%	—	$631K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.69	−0.034%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.73	−0.001%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.67	−0.054%	$106K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0008%	1h	116.62	−0.098%	$2.2M	$16.7M	25x	as long as short
dYdX SOL-USD	+0.0009%	1h	116.70	−0.029%	$4.3M	$23.6M	20x	as long as short
Bitget SOLUSDTshort	+0.0028%	8h	116.61	−0.105%	$481.1M	$457.8M	100x
Deribit SOL_USDC-PERPETUAL	+0.0031%	1h	116.71	−0.014%	$26.4M	$21.9M	50x	as long as short
SoDEX SOL-USD	+0.0034%	1h	116.63	−0.086%	$6.1M	$11.0M	20x	as long as short
01 Exchange SOLUSDlong	+0.0048%	1h	116.73	long leg	$99K	$177K	20x
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	−0.063%	$8.0M	$401.8M	50x	as long as short
Aster SOLUSDT	+0.0061%	8h	116.60	−0.111%	$177.0M	$168.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0076%	8h	116.65	−0.070%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.70	−0.025%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.64	−0.078%	$13.2M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.63	−0.087%	$351K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.67	−0.051%	$66K	$909K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.69	−0.030%	$5.4M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.75	+0.017%	$703.9M	$408.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.73	−0.001%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.60	−0.112%	$965.3M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.62	−0.094%	$368.2M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.65	−0.069%	$217K	$832K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.72	−0.007%	$901K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.154%	$125.5M	$25.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.64	−0.077%	$850.4M	$659.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.62	−0.094%	$367.5M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.65	−0.070%	$132.4M	$233.7M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.63	−0.089%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.64	−0.077%	$23.1M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.71	−0.015%	$25.0M	$108.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	−0.004%	$93.7M	$406.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.72	−0.012%	$47.8M	$29.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.70	−0.022%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.70	−0.026%	$1.3M	$11.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.69	−0.034%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.68	−0.041%	$243K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.68	−0.043%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.67	−0.048%	$190K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.64	−0.076%	$225.8M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.65	−0.069%	$45.4M	$104.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.61	−0.100%	$8.2M	$37.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.71	−0.014%	—	$233.7M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.80	+0.060%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.65	−0.067%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.060%	$52.1M	$66.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.70	−0.022%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0482%	1h	116.74	+0.005%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.76	+0.024%	$2.1M	$4.8M	20x	as long as short