Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.001%
Price spread now: edgeX against Coinbase International−0.289%77s7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$260.256% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)+0.730%+$73 · spread now −0.289%, 7d avg −0.038%
Together, before fees+0.743%+ Points / potential airdropedgeX: Active · farm board+$74 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.251% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.289% now, against its 7-day average of −0.038%). If the spread goes back, that is −$25 on $10k: about 23 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.014% in total) that is about 4 months. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International SOL-PERP-INTX116.700.0064pay 0.0008% / 1h53m 36s$7.6M$404.3M50x
ShortedgeX SOLUSDC116.360.0100get 0.0050% / 4h53m 36s$93.5M$396.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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

Funding earned
$7.56
Price spread: −0.289% → −0.038%
−$25.09
Slippage, 4 orders
−$6.6
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$43.13
Costs to cover
0.256%
Break-even
46.9 days
Slippage from Coinbase International: live order book, 6 min ago; edgeX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 6 min ago0.04 bp7.3 bp −$710.7 bp −$10718.7 bp −$1,874doesn't fit
Sell edgeX live order book, 1 min ago2.14 bp6.6 bp −$76.6 bp −$666.8 bp −$67910.0 bp −$5,005

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni SOLUSDT−0.0435%1h116.33−0.316%$1.7M$6.0M50xas long as short
Hotstuff SOL-PERP−0.0080%1h116.68−0.015%$912$8K25xas long as short
Vest SOL-PERP−0.0076%1h116.63−0.055%$602K20xas long as short
Hibachi SOL/USDT-P−0.0008%1h116.68−0.015%$103K$700K20xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h116.67−0.023%$54K150xas long as short
dYdX SOL-USD0.0000%1h116.69−0.008%$4.4M$24.2M20xas long as short
Kalshi KXSOLPERP0.0000%8h116.68−0.017%$1.4M$18.7M3.1xas long as short
Derive SOL-PERP+0.0012%1h116.59−0.094%$1.9M$2.8M13xas long as short
01 Exchange SOLUSD+0.0048%1h116.71+0.009%$100K$168K20xas long as short
Coinbase International SOL-PERP-INTXlong+0.0064%1h116.70long leg$7.6M$404.3M50x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD+0.0075%1h116.69−0.004%$30.8M$100.0M100xas long as short
Deribit SOL_USDC-PERPETUAL+0.0080%1h116.73+0.025%$26.3M$25.2M50xas long as short
Orderly PERP_SOL_USDC+0.0091%8h116.65−0.040%$1.0M$5.8M100xas long as short
Lighter SOL+0.0096%1h116.66−0.033%$13.0M$59.5M25xas long as short
Lighter RH SOL+0.0096%1h116.67−0.025%$2.2M$16.6M25xas long as short
Aevo SOL-PERP+0.0096%1h116.62−0.067%$342K$229K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h116.70+0.004%$1.0M$524K50xas long as short
Katana Perps SOL-USD+0.0100%8h116.65−0.042%$50K$845K20xas long as short
Nado SOL-PERP+0.0100%1h116.66−0.033%$5.5M$39.3M40xas long as short
Hyperliquid SOL+0.0100%1h116.76+0.052%$707.5M$394.9M20xas long as short
Aster SOLUSDT+0.0100%8h116.66−0.035%$175.2M$181.9M100xas long as short
Pacifica SOL+0.0100%1h116.70−0.002%$15.5M$130.0M20xas long as short
Binance SOLUSDT+0.0100%8h116.65−0.042%$961.8M$3.77B100xas long as short
Bybit SOLUSDT+0.0100%8h116.60−0.082%$794.8M$1.32B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h116.66−0.033%$364.9M$1.66B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.61−0.076%$232K$849K10xas long as short
Arcus SOL-USD+0.0100%1h116.69−0.004%$2.0M$9.1M20xas long as short
Bulk SOL-USD+0.0100%1h116.66−0.035%$133.8M$20.4M20xas long as short
Gate SOL_USDT+0.0100%8h116.65−0.042%$848.5M$651.9M100xas long as short
MEXC SOL_USDT+0.0100%8h116.66−0.033%$415.6M$1.05B300xas long as short
KuCoin SOLUSDTM+0.0100%8h116.65−0.039%$126.5M$216.6M75xas long as short
Bitget SOLUSDT+0.0100%8h116.63−0.059%$481.6M$438.7M100xas long as short
BingX SOL-USDC+0.0100%8h116.62−0.065%$10.5Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h116.66−0.033%$23.3M$37.6M50xas long as short
Variational Omni SOL+0.0100%8h116.68−0.020%$24.4M$115.2Mas long as short
edgeX SOLUSDCshort+0.0100%4h116.36−0.289%$93.5M$396.0M75x
GRVT SOL_USDT_Perp+0.0100%8h116.56−0.117%$47.6M$29.2M20xas long as short
StandX SOL-USD+0.0100%1h116.62−0.068%$1.3M$13.1M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h116.67−0.025%$332K$2.5M20xas long as short
Bullet SOL-USD+0.0100%1h116.65−0.041%$148K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.62−0.066%$25K$29K25xas long as short
SunX SOL-USDT+0.0100%8h116.65−0.040%$189K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h116.67−0.025%$6.0M$10.8M20xas long as short
HTX SOL-USDT+0.0100%8h116.65−0.044%$226.4M$46.3M75xas long as short
Phemex SOLUSDT+0.0100%8h116.72+0.018%$45.6M$101.1M50xas long as short
Extended SOL-USD+0.0104%1h116.61−0.075%$8.0M$36.5M50xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0056%1h116.71+0.009%$221.3M500xas long as short
Phoenix SOL+0.0129%1h116.77+0.061%$6.5M$13.4M25xas long as short
Injective SOL/USDC PERP+0.0137%1h117.56+0.738%$4K$2K12xas long as short
Reya SOLRUSDPERP+0.0190%1h116.65−0.038%$1.1M$538K25xas long as short
BloFin SOL-USDT+0.0220%8h116.62−0.068%$51.8M$71.9M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0232% / S −0.0170%1h116.67−0.021%$3.5M200xas long as short
Perpl SOL+0.0335%43m116.73+0.027%$128K$3.7M8.3xas long as short
Aftermath Perps SOLUSD+0.0457%1h116.79+0.078%$25K$50K20xas long as short
RISEx SOL/USDC+0.0559%1h116.76+0.054%$1.9M$4.9M20xas long as short