Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: SunX against Aevo−0.028%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$910.910% of the position

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.028%, 7d avg −0.001%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.027% cheaper against Aevo than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	119.00	0.0096	pay 0.0012% / 1h	52m 38s	$354K	$746K	20x
Short	SunX SOL-USDT	118.97	0.0100	get 0.0100% / 8h	2h 52m	$193K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0.84
Price spread: −0.028% → −0.001%: −$2.69
Slippage, 4 orders: −$66.96
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$92.82
Costs to cover: 0.910%
Break-even: 780.5 days

Slippage from Aevo: live order book, 36 min ago; SunX: live order book, 13 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, 36 min ago	9.60 bp	28.5 bp −$29	35.5 bp −$355	49.3 bp −$4,929	doesn't fit
Sell SunX live order book, 13 min ago	4.20 bp	20.5 bp −$21	31.5 bp −$315	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
Injective SOL/USDC PERP	−0.0151%	1h	118.68	−0.268%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.88	−0.103%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0083%	1h	118.91	−0.077%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.94	−0.050%	$843	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0078%	1h	119.02	+0.016%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.99	−0.007%	$49K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.98	−0.017%	$4.9M	$26.8M	20x	as long as short
Perpl SOL	0.0000%	43m	118.96	−0.032%	$180K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.03	+0.024%	$26.7M	$27.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0056%	8h	118.95	−0.038%	$1.1M	$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	+0.0072%	1h	118.92	−0.066%	$105K	$153K	20x	as long as short
HTX SOL-USDT	+0.0073%	8h	118.87	−0.112%	$231.6M	$43.8M	75x	as long as short
Gate SOL_USDT	+0.0081%	8h	118.91	−0.075%	$858.6M	$674.2M	100x	as long as short
KuCoin SOLUSDTM	+0.0086%	8h	118.92	−0.066%	$144.8M	$197.3M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.91	−0.078%	$13.4M	$52.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.91	−0.075%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	119.00	long leg	$354K	$746K	20x
Bitget SOLUSDT	+0.0098%	8h	118.90	−0.083%	$496.4M	$451.4M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.90	−0.082%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.88	−0.100%	$47K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.88	−0.098%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.02	+0.018%	$718.2M	$423.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.92	−0.066%	$179.5M	$174.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.94	−0.047%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.88	−0.099%	$974.5M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.94	−0.054%	$823.0M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.88	−0.100%	$368.8M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.86	−0.117%	$233K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.95	−0.043%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	+0.074%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.91	−0.075%	$469.9M	$1.07B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.92	−0.062%	—	$371.9M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.99	−0.007%	$24.1M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	+0.064%	$27.7M	$126.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.04	+0.038%	$95.6M	$395.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.13	+0.111%	$48.7M	$33.2M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.99	−0.007%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.97	−0.024%	$1.4M	$13.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.97	−0.024%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.96	−0.030%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.97	−0.028%	$37K	$15K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	118.97	−0.028%	$193K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	118.97	−0.024%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.97	−0.024%	$46.4M	$99.9M	50x	as long as short
Kalshi KXSOLPERP	+0.0100%	8h	118.96	−0.035%	$1.2M	$20.9M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	118.87	−0.106%	$8.6M	$37.4M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.02	+0.018%	$8.1M	$415.0M	50x	as long as short
Hibachi SOL/USDT-P	+0.0120%	1h	118.85	−0.126%	$123K	$623K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.95	−0.038%	—	$218.1M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.00	+0.001%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.93	−0.056%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.97	−0.021%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.95	−0.041%	$51.8M	$90.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.99	−0.007%	$36.2M	$90.2M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	118.98	−0.015%	$3.5M	—	200x	as long as short