Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.053%

Price spread now: SunX against Aftermath Perps−0.025%54s7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.025% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps SOLUSD	118.69	0.0151	pay 0.0019% / 1h	43m 27s	$25K	$51K	20x
Short	SunX SOL-USDT	118.66	0.0100	get 0.0100% / 8h	7h 43m	$193K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aftermath Perps. 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 Aftermath PerpsbpFee SunXbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$10.77
Price spread: −0.025% → 0.000%: −$2.55
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$30.32
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 12 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 12 min ago	3.41 bp	20.5 bp −$21	31.5 bp −$315	doesn't fit	doesn't fit

Aftermath Perps: 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 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	118.79	+0.086%	$842	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.72	+0.026%	—	$610K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.55	−0.116%	$2.0M	$2.8M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.63	−0.046%	$32.4M	$96.6M	100x	as long as short
dYdX SOL-USD	−0.0010%	1h	118.81	+0.102%	$4.9M	$26.5M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.84	+0.125%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.68	−0.003%	$1.2M	$20.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.80	+0.091%	$155K	$3.9M	8.3x	as long as short
HTX SOL-USDT	+0.0042%	8h	118.56	−0.107%	$230.7M	$44.8M	75x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0049%	1h	118.68	−0.011%	$26.6M	$25.1M	50x	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	+0.0056%	1h	118.83	+0.119%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.61	−0.068%	$121K	$633K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0079%	8h	118.84	+0.131%	$1.0M	$5.9M	100x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	118.62	−0.058%	$1.5M	$6.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.83	+0.118%	—	$367.7M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.67	−0.015%	$8.1M	$412.8M	50x	as long as short
Gate SOL_USDT	+0.0094%	8h	118.80	+0.094%	$858.9M	$661.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.79	+0.083%	$14.0M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.78	+0.077%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.83	+0.121%	$348K	$265K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.78	+0.079%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.78	+0.077%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.81	+0.098%	$5.8M	$41.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.80	+0.096%	$178.5M	$176.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.82	+0.112%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.83	+0.119%	$979.3M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.85	+0.136%	$822.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.84	+0.127%	$370.7M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.61	−0.067%	$232K	$860K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.83	+0.120%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.117%	$133.5M	$4.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.80	+0.094%	$426.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.83	+0.115%	$138.0M	$207.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.81	+0.101%	$493.1M	$446.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.64	−0.041%	$24.1M	$37.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.61	−0.069%	$26.9M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.57	−0.101%	$95.2M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.67	−0.012%	$48.6M	$30.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.67	−0.016%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.80	+0.094%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.80	+0.098%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.82	+0.114%	$37K	$17K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	118.66	−0.025%	$193K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	118.62	−0.058%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.65	−0.033%	$46.5M	$101.4M	50x	as long as short
Hyperliquid SOL	+0.0101%	1h	118.91	+0.186%	$720.3M	$404.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.74	+0.039%	$8.7M	$35.2M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.68	−0.008%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.79	+0.082%	—	$222.4M	500x	as long as short
Aftermath Perps SOLUSDlong	+0.0151%	1h	118.69	long leg	$25K	$51K	20x
RISEx SOL/USDC	+0.0161%	1h	118.82	+0.106%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0065%	1h	118.83	+0.115%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.024%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.78	+0.079%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.55	−0.117%	$51.9M	$78.9M	125x	as long as short