Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.006%

Price spread now: OKX against 01 Exchange−0.128%7-day average −0.045% · 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−$300.302% of the position

Long on 01 Exchange Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.128%, 7d avg −0.045%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.084% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.045%). If the spread goes back, that is −$8 on $10k: about 4.6 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	01 Exchange SOLUSD	117.04	0.0040	pay 0.0005% / 1h	57m 47s	$100K	$178K	20x
Short	OKX SOL-USDT-SWAP	116.89	0.0100	get 0.0100% / 8h	1h 57m	$371.6M	$1.77B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.128%Rate

Funding earned: $12.6
Price spread: −0.128% → −0.045%: −$8.35
Slippage, 4 orders: −$13.22
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.98
Costs to cover: 0.302%
Break-even: 21.4 days

Slippage from 01 Exchange: live order book, 51 min ago; OKX: 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, 51 min ago	0.86 bp	10.8 bp −$11	12.3 bp −$123	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.43 bp	5.4 bp −$5	5.6 bp −$56	8.8 bp −$879	22.7 bp −$11.3K

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
Bybit SOLUSDT	−0.0105%	8h	116.88	−0.138%	$740.1M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.93	−0.091%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	116.86	−0.154%	$100K	$681K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.85	−0.160%	$33.0M	$104.0M	100x	as long as short
Vest SOL-PERP	−0.0028%	1h	116.89	−0.126%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0010%	1h	116.80	−0.205%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.90	−0.120%	$42K	—	150x	as long as short
Lighter RH SOL	0.0000%	1h	116.83	−0.179%	$2.2M	$16.7M	25x	as long as short
dYdX SOL-USD	0.0000%	1h	116.96	−0.068%	$4.3M	$23.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.01	−0.026%	$1.5M	$19.4M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	116.94	−0.081%	$110K	$3.6M	8.3x	as long as short
Nado SOL-PERP	+0.0038%	1h	116.92	−0.101%	$5.5M	$41.0M	40x	as long as short
01 Exchange SOLUSDlong	+0.0040%	1h	117.04	long leg	$100K	$178K	20x
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.90	−0.123%	$8.0M	$407.0M	50x	as long as short
Bitget SOLUSDT	+0.0057%	8h	116.85	−0.159%	$481.7M	$461.6M	100x	as long as short
SoDEX SOL-USD	+0.0091%	1h	116.85	−0.162%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.86	−0.153%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.87	−0.149%	$13.1M	$60.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.89	−0.129%	$352K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	116.89	−0.128%	$176.2M	$176.7M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.96	−0.065%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.95	−0.077%	$64K	$910K	20x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.99	−0.043%	$701.3M	$408.7M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.00	−0.031%	$15.8M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.86	−0.156%	$970.7M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	116.89	−0.128%	$371.6M	$1.77B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	116.78	−0.222%	$219K	$887K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.00	−0.030%	$908K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.007%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.90	−0.120%	$848.4M	$661.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.90	−0.120%	$367.9M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.90	−0.121%	$129.1M	$232.0M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.88	−0.140%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.84	−0.171%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.86	−0.151%	$24.7M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.90	−0.119%	$93.9M	$411.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.91	−0.109%	$47.8M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.95	−0.077%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.89	−0.128%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.94	−0.085%	$316K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.92	−0.106%	$236K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.90	−0.122%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.00	−0.037%	$190K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.85	−0.167%	$226.3M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.86	−0.154%	$45.4M	$105.5M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	116.93	−0.096%	$26.5M	$22.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.86	−0.155%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.87	−0.144%	—	$238.8M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.043%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	117.01	−0.026%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.88	−0.135%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.82	−0.188%	$52.1M	$68.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.91	−0.111%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	117.08	+0.033%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0491%	1h	116.97	−0.064%	$25K	$56K	20x	as long as short