Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: MEXC against Bullet+0.041%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$150.149% of the position

Long on Bullet Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.041%, 7d avg −0.022%

Together, before fees−0.039%−$4 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: MEXC is 0.063% dearer against Bullet than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SOL-USD	119.04	0.0100	pay 0.0013% / 1h	35m 02s	$202K	$1.7M	20x
Short	MEXC SOL_USDT	119.09	0.0100	get 0.0100% / 8h	2h 35m	$470.0M	$1.08B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bullet. 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 BulletbpFee MEXCbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.022%: $6.33
Slippage, 4 orders: −$4.92
Fee Bullet: 4 bp × 2 orders: −$8
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$8.58
Costs to cover: 0.149%
Break-even: never at this rate

Slippage from Bullet: live order book, 4 min ago; MEXC: live order book, 4 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 Bullet live order book, 4 min ago	0.42 bp	5.4 bp −$5	9.0 bp −$90	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.4 bp −$236	6.2 bp −$3,102

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	118.89	−0.127%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.99	−0.047%	$2.0M	$3.2M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.96	−0.071%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0080%	1h	118.98	−0.049%	—	$724K	20x	as long as short
Aftermath Perps SOLUSD	−0.0019%	1h	118.93	−0.095%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.07	+0.023%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.96	−0.064%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.03	−0.012%	$180K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.00	−0.037%	$4.9M	$26.9M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0023%	1h	119.13	+0.071%	$26.7M	$27.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0060%	8h	119.08	+0.036%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0066%	8h	118.96	−0.068%	$231.8M	$43.6M	75x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.07	+0.024%	$104K	$152K	20x	as long as short
ApeX Omni SOLUSDT	+0.0075%	1h	119.12	+0.066%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.07	+0.023%	—	$10.5M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	119.00	−0.038%	$122K	$600K	20x	as long as short
Gate SOL_USDT	+0.0085%	8h	119.07	+0.024%	$868.2M	$680.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.06	+0.018%	$13.5M	$53.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.06	+0.014%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.06	+0.012%	$354K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.01	−0.024%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.04	−0.001%	$45K	$780K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.04	−0.001%	$5.5M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.18	+0.117%	$718.7M	$413.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.08	+0.035%	$179.8M	$174.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.06	+0.012%	$12.4M	$114.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.11	+0.059%	$972.9M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.12	+0.066%	$823.7M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.09	+0.041%	$370.6M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.95	−0.076%	$234K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.09	+0.045%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	119.09	+0.041%	$470.0M	$1.08B	300x
KuCoin SOLUSDTM	+0.0100%	8h	119.06	+0.017%	$143.3M	$196.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.10	+0.049%	$497.1M	$448.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.12	+0.066%	$24.4M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	−0.034%	$27.4M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.71	−0.279%	$95.3M	$397.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.11	+0.056%	$48.7M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.01	−0.026%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.04	−0.001%	$365K	$2.4M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	119.04	long leg	$202K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	119.07	+0.021%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.05	+0.008%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.06	+0.016%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.05	+0.008%	$46.5M	$99.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.71	−0.278%	$133.1M	$11.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.09	+0.038%	$8.6M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.11	+0.062%	$8.1M	$414.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.06	+0.012%	—	$217.0M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.03	−0.009%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.08	+0.037%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.03	−0.005%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.03	−0.009%	$51.8M	$86.9M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.09	+0.040%	$36.0M	$89.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	119.06	+0.016%	$3.6M	—	200x	as long as short