Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.034%

Price spread now: BloFin against 01 Exchange+0.008%7-day average −0.035% · 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−$21as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on 01 Exchange Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.008%, 7d avg −0.035%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.043% dearer against 01 Exchange than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	119.39	0.0080	pay 0.0010% / 1h	42m 36s	$104K	$158K	20x
Short	BloFin SOL-USDT	119.40	0.0220	get 0.0220% / 8h	42m 36s	$52.1M	$83.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.008%Rate

Funding earned: $29.4
Price spread: +0.008% → −0.035%: $4.3
Slippage, 4 orders: −$6.54
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $8.16
Costs to cover: 0.255%
Break-even: 5.1 days

Slippage from 01 Exchange: live order book, 37 min ago; BloFin: live order book, 7 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, 37 min ago	0.84 bp	6.2 bp −$6	11.2 bp −$112	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	7.8 bp −$784	12.4 bp −$6,225

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
Hotstuff SOL-PERP	−0.0080%	1h	119.35	−0.030%	$846	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	119.35	−0.037%	$2.0M	$2.8M	13x	as long as short
Vest SOL-PERP	−0.0066%	1h	119.42	+0.025%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0019%	1h	119.39	+0.004%	$5.0M	$27.8M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.46	+0.058%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.55	+0.131%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.50	+0.090%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.43	+0.037%	$26.7M	$26.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0072%	8h	119.44	+0.046%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSDlong	+0.0080%	1h	119.39	long leg	$104K	$158K	20x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SOL-USDC	+0.0080%	8h	119.38	−0.013%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.34	−0.042%	$867.5M	$676.2M	100x	as long as short
HTX SOL-USDT	+0.0091%	8h	119.42	+0.027%	$232.5M	$45.0M	75x	as long as short
ApeX Omni SOLUSDT	+0.0092%	1h	119.57	+0.154%	$1.5M	$6.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.36	−0.025%	$13.7M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.36	−0.028%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.39	+0.002%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.39	+0.004%	$8.2M	$418.5M	50x	as long as short
Aftermath Perps SOLUSD	+0.0097%	1h	119.58	+0.157%	$24K	$47K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.32	−0.056%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.37	−0.017%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.48	+0.073%	$6.1M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.47	+0.067%	$723.4M	$412.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.37	−0.014%	$178.8M	$175.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.39	−0.003%	$12.3M	$120.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.36	−0.025%	$985.0M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.37	−0.017%	$831.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.35	−0.034%	$372.7M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.38	−0.008%	$234K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.39	+0.004%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.65	+0.218%	$134.3M	$6.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.35	−0.034%	$457.3M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.40	+0.009%	$139.5M	$204.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.34	−0.039%	$496.9M	$456.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.41	+0.017%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.65	+0.218%	$27.4M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.60	+0.174%	$96.1M	$402.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.53	+0.118%	$48.9M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.59	+0.168%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.44	+0.042%	$369K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.44	+0.038%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.44	+0.045%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.47	+0.069%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.37	−0.017%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.40	+0.008%	$46.6M	$102.7M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.70	+0.260%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	119.33	−0.051%	$8.7M	$35.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0104%	1h	119.58	+0.155%	$122K	$633K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.38	−0.009%	$32.7M	$97.0M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.45	+0.052%	—	$224.9M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0102%	1h	119.45	+0.050%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.176%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	119.42	+0.028%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	119.40	+0.008%	$52.1M	$83.2M	125x
RISEx SOL/USDC	+0.0226%	1h	119.40	+0.006%	$1.7M	$5.2M	20x	as long as short