Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Backpack−0.014%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.326%−$33 · spread now −0.014%, 7d avg −0.020%

Together, before fees−0.326%−$33 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SOL_USDC_PERP	116.53	0.0100	pay 0.0013% / 1h	56m 29s	$23.3M	$37.6M	50x
Short	SunX SOL-USDT	116.51	0.0100	get 0.0100% / 8h	4h 56m	$189K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Backpack. 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 BackpackbpFee SunXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.020%: $0.64
Slippage, 4 orders: −$33.45
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$50.8
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; SunX: live order book, 9 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 Backpack live order book, 3 min ago	0.43 bp	6.0 bp −$6	7.1 bp −$71	9.3 bp −$934	1870.8 bp −$935.4K
Sell SunX live order book, 9 min ago	4.43 bp	18.8 bp −$19	30.1 bp −$301	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
Hotstuff SOL-PERP	−0.0080%	1h	116.58	+0.045%	$912	$8K	25x	as long as short
Vest SOL-PERP	−0.0074%	1h	116.66	+0.115%	—	$605K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.50	−0.029%	$54K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.73	+0.172%	$4.4M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.37	−0.137%	$1.4M	$18.8M	3.1x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	116.56	+0.026%	$104K	$697K	20x	as long as short
Derive SOL-PERP	+0.0013%	1h	116.49	−0.037%	$1.9M	$2.8M	13x	as long as short
Lighter RH SOL	+0.0016%	1h	116.58	+0.043%	$2.2M	$16.6M	25x	as long as short
ApeX Omni SOLUSDT	+0.0018%	1h	116.81	+0.238%	$1.7M	$6.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0047%	1h	116.55	+0.019%	$26.3M	$25.2M	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	+0.0064%	1h	116.74	+0.180%	$100K	$168K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.50	−0.029%	$7.7M	$403.2M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.50	−0.027%	$30.7M	$99.9M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.52	−0.012%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.64	+0.090%	$13.0M	$59.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.52	−0.012%	$341K	$228K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.65	+0.103%	$50K	$845K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.75	+0.190%	$1.0M	$520K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.78	+0.218%	$5.6M	$39.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.77	+0.206%	$708.0M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.63	+0.090%	$175.2M	$182.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.71	+0.155%	$15.5M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.74	+0.183%	$962.5M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.69	+0.137%	$797.4M	$1.32B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.78	+0.215%	$364.8M	$1.66B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.67	+0.120%	$232K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.73	+0.170%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.86	+0.279%	$134.6M	$18.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.68	+0.129%	$849.2M	$650.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.71	+0.154%	$415.8M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.71	+0.157%	$126.8M	$215.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.77	+0.202%	$481.9M	$439.0M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.67	+0.120%	—	$364.9M	—	as long as short
Backpack SOL_USDC_PERPlong	+0.0100%	1h	116.53	long leg	$23.3M	$37.6M	50x
Variational Omni SOL	+0.0100%	8h	116.79	+0.224%	$24.5M	$115.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.79	+0.226%	$93.8M	$396.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	+0.128%	$47.8M	$29.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	116.63	+0.086%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.75	+0.189%	$336K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.44	−0.081%	$148K	$1.6M	20x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.51	−0.014%	$189K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	116.51	−0.017%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.46	−0.057%	$226.0M	$46.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.55	+0.017%	$45.6M	$101.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.64	+0.096%	$8.0M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.32	−0.176%	—	$220.7M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.00	+0.403%	$6.5M	$13.3M	25x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	117.56	+0.884%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.75	+0.186%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.49	−0.034%	$51.7M	$71.7M	125x	as long as short
Perpl SOL	+0.0223%	43m	116.80	+0.232%	$128K	$3.7M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.48	−0.044%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0448%	1h	116.87	+0.288%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.77	+0.205%	$1.9M	$4.9M	20x	as long as short
Bluefin SOL-PERP	+0.1041%	1h	116.45	−0.067%	$25K	$29K	25x	as long as short