Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:07 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.025%

Price spread now: Perpl against 01 Exchange+0.060%7-day average −0.025% · you sell dearer than you buy

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

Long on 01 Exchange Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.229%−$23 on $10k

Price spread, last 4 days (all we have)+0.867%+$87 · spread now +0.060%, 7d avg −0.025%

Together, before fees+0.638%+ Points / potential airdropPerpl: Active · farm board+$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.085% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.025%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	117.38	0.0104	pay 0.0013% / 1h	12m 08s	$101K	$181K	20x
Short	Perpl SOL	117.45	0	get 0.0000% / 43m	27m 08s	$100K	$3.0M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$21.84
Price spread: +0.060% → −0.025%: $8.48
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$34.16
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: 01 Exchange: live order book, 22 min ago; Perpl: 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 01 Exchange live order book, 22 min ago	0.86 bp	7.9 bp −$8	15.3 bp −$153	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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
Hotstuff SOL-PERP	−0.0080%	1h	117.24	−0.121%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0057%	8h	117.40	+0.017%	$733.8M	$1.31B	100x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	117.45	+0.058%	$32.5M	$100.1M	100x	as long as short
Vest SOL-PERP	−0.0006%	1h	117.30	−0.065%	—	$517K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.44	+0.047%	$39K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.36	−0.014%	$1.3M	$18.1M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	117.45	+0.060%	$100K	$3.0M	8.3x
Phemex SOLUSDT	+0.0015%	8h	117.39	+0.009%	$45.6M	$102.3M	50x	as long as short
Bitget SOLUSDT	+0.0022%	8h	117.42	+0.033%	$485.8M	$424.6M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.44	+0.049%	$8.1M	$387.1M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SOLUSDT	+0.0052%	8h	117.41	+0.026%	$178.4M	$164.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0065%	8h	117.43	+0.043%	$1.0M	$5.5M	100x	as long as short
dYdX SOL-USD	+0.0073%	1h	117.27	−0.097%	$8.2M	$21.5M	20x	as long as short
Lighter SOL	+0.0096%	1h	117.42	+0.032%	$13.2M	$56.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.40	+0.019%	$2.2M	$15.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.40	+0.018%	$354K	$234K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.31	−0.060%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.30	−0.068%	$48K	$841K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.29	−0.076%	$5.4M	$40.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.56	+0.153%	$713.6M	$393.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.35	−0.025%	$15.8M	$127.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.42	+0.034%	$968.6M	$3.63B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.43	+0.043%	$368.3M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.22	−0.136%	$219K	$819K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.33	−0.044%	$934K	$8.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.93	−0.385%	$126.5M	$25.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.42	+0.034%	$850.4M	$625.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.42	+0.034%	$406.2M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.42	+0.037%	$132.9M	$231.7M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.39	+0.006%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.45	+0.060%	$23.3M	$36.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.15	−0.198%	$25.1M	$102.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.05	−0.277%	$94.0M	$408.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.10	−0.239%	$47.9M	$27.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.05	−0.285%	$1.1M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.29	−0.077%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.34	−0.034%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.44	+0.049%	$285K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.45	+0.059%	$27K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.36	−0.021%	$190K	$1.6M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.41	+0.026%	$6.2M	$11.1M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.38	0.000%	$227.2M	$47.5M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	117.38	−0.003%	$8.4M	$34.9M	50x	as long as short
01 Exchange SOLUSDlong	+0.0104%	1h	117.38	long leg	$101K	$181K	20x
Hibachi SOL/USDT-P	+0.0120%	1h	117.34	−0.034%	$105K	$654K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	117.35	−0.028%	—	$215.4M	500x	as long as short
Phoenix SOL	+0.0124%	1h	117.19	−0.162%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.886%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	117.14	−0.201%	$1.1M	$541K	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0217%	1h	117.50	+0.101%	$26.4M	$20.3M	50x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.15	−0.196%	$52.1M	$59.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.44	+0.047%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0413%	1h	117.06	−0.272%	$25K	$53K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	117.36	−0.019%	$2.2M	$4.7M	20x	as long as short