Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: Phemex against Aevo+0.017%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.017%, 7d avg +0.021%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	118.89	0.0096	pay 0.0012% / 1h	29m 34s	$352K	$748K	20x
Short	Phemex SOLUSDT	118.91	0.0100	get 0.0100% / 8h	29m 34s	$46.5M	$102.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0.84
Price spread: +0.017% → +0.021%: −$0.42
Slippage, 4 orders: −$18.66
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$46.23
Costs to cover: 0.467%
Break-even: 392.3 days

Slippage from Aevo: live order book, 50 min ago; Phemex: live order book, 5 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 Aevo live order book, 50 min ago	3.36 bp	15.2 bp −$15	25.0 bp −$250	37.1 bp −$3,713	doesn't fit
Sell Phemex live order book, 5 min ago	0.42 bp	8.1 bp −$8	8.1 bp −$81	16.2 bp −$1,618	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
Hotstuff SOL-PERP	−0.0080%	1h	118.86	−0.023%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	118.80	−0.079%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.82	−0.061%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0017%	1h	118.90	+0.010%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.92	+0.025%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.94	+0.046%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.88	−0.012%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0006%	1h	118.94	+0.044%	$26.6M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0038%	1h	118.99	+0.084%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.91	+0.018%	$1.0M	$5.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0080%	1h	118.85	−0.033%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.86	−0.026%	—	$372.3M	—	as long as short
HTX SOL-USDT	+0.0087%	8h	118.83	−0.049%	$231.3M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0089%	8h	118.84	−0.042%	$862.5M	$680.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.87	−0.018%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.85	−0.035%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.93	+0.032%	$120K	$628K	20x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	118.89	long leg	$352K	$748K	20x
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.91	+0.013%	$8.1M	$416.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.89	−0.004%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.82	−0.059%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.81	−0.071%	$6.1M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.92	+0.025%	$719.7M	$412.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.85	−0.030%	$178.0M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.91	+0.016%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.81	−0.067%	$981.9M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.82	−0.059%	$825.0M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.81	−0.067%	$371.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.82	−0.059%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.89	+0.004%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.034%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.86	−0.025%	$433.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.87	−0.017%	$138.6M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.80	−0.072%	$492.6M	$460.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.90	+0.009%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.01	+0.102%	$27.2M	$129.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.97	+0.064%	$95.6M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.94	+0.042%	$48.7M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.94	+0.042%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.82	−0.059%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.90	+0.005%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.90	+0.010%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.94	+0.039%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.88	−0.008%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDTshort	+0.0100%	8h	118.91	+0.017%	$46.5M	$102.8M	50x
Phoenix SOL	+0.0100%	1h	119.08	+0.160%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.84	−0.039%	$8.7M	$36.0M	50x	as long as short
Aftermath Perps SOLUSD	+0.0105%	1h	119.10	+0.180%	$24K	$47K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.88	−0.004%	$32.5M	$97.2M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.96	+0.063%	—	$225.4M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0068%	1h	118.91	+0.016%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.597%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.82	−0.057%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.95	+0.051%	$52.2M	$81.7M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.86	−0.028%	$1.7M	$5.2M	20x	as long as short