Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0012%/8h= +1.4% APRpaid last 24h +0.023%

Price spread now: edgeX against Deribit−0.157%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 3 days (all we have)+0.608%+$61 · spread now −0.157%, 7d avg −0.040%

Together, before fees+0.735%+ Points / potential airdropedgeX: Active · farm board+$74 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.117% cheaper against Deribit than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of −0.040%). If the spread goes back, that is −$12 on $10k: about 32 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.127% in total) that is about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	119.12	0.0088	pay 0.0011% / 1h	55m 28s	$26.7M	$27.9M	50x
Short	edgeX SOLUSDC	118.93	0.0100	get 0.0050% / 4h	2h 55m	$95.5M	$395.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now −0.157%Rate

Funding earned: $2.6
Price spread: −0.157% → −0.040%: −$11.73
Slippage, 4 orders: −$6.73
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$31.86
Costs to cover: 0.227%
Break-even: 92.6 days

Slippage from Deribit: live order book, 4 min ago; edgeX: 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 Deribit live order book, 4 min ago	0.88 bp	5.0 bp −$5	5.5 bp −$55	21.1 bp −$2,112	doesn't fit
Sell edgeX live order book, 4 min ago	2.10 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$668	10.0 bp −$4,990

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	−0.367%	$4K	$2K	12x	as long as short
Aftermath Perps SOLUSD	−0.0084%	1h	119.04	−0.069%	$24K	$48K	20x	as long as short
Vest SOL-PERP	−0.0084%	1h	118.92	−0.168%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.04	−0.065%	$844	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.94	−0.152%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.00	−0.102%	$49K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.07	−0.040%	$4.9M	$26.8M	20x	as long as short
Perpl SOL	0.0000%	43m	118.97	−0.127%	$191K	$4.1M	8.3x	as long as short
Orderly PERP_SOL_USDC	+0.0055%	8h	119.03	−0.075%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	119.14	+0.019%	$104K	$152K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0068%	8h	118.91	−0.170%	$231.7M	$43.7M	75x	as long as short
Gate SOL_USDT	+0.0082%	8h	119.05	−0.056%	$858.8M	$673.1M	100x	as long as short
KuCoin SOLUSDTM	+0.0086%	8h	119.07	−0.041%	$145.4M	$197.3M	75x	as long as short
Deribit SOL_USDC-PERPETUALlong	+0.0088%	1h	119.12	long leg	$26.7M	$27.9M	50x
Lighter SOL	+0.0096%	1h	119.06	−0.050%	$13.5M	$52.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.05	−0.056%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.03	−0.072%	$354K	$746K	20x	as long as short
Bitget SOLUSDT	+0.0097%	8h	119.07	−0.039%	$496.9M	$451.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	119.05	−0.052%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.12	+0.003%	$47K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.07	−0.043%	$5.6M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.13	+0.011%	$718.8M	$444.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.04	−0.067%	$179.7M	$175.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.09	−0.023%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.13	+0.011%	$978.2M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.15	+0.031%	$824.1M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.13	+0.011%	$368.5M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.97	−0.123%	$233K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.12	+0.005%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	−0.025%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.07	−0.039%	$472.4M	$1.07B	300x	as long as short
BingX SOL-USDC	+0.0100%	8h	119.05	−0.055%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.07	−0.039%	$24.2M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	−0.036%	$27.7M	$126.2M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	118.93	−0.157%	$95.5M	$395.2M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	119.07	−0.038%	$48.7M	$33.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.99	−0.107%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.06	−0.048%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.96	−0.132%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.96	−0.132%	$201K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.01	−0.088%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.02	−0.079%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.03	−0.073%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.02	−0.081%	$46.4M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.05	−0.055%	$8.7M	$37.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0108%	8h	119.11	−0.005%	$1.2M	$20.9M	3.1x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.08	−0.033%	$8.1M	$414.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.05	−0.052%	—	$217.9M	500x	as long as short
Hibachi SOL/USDT-P	+0.0128%	1h	118.97	−0.121%	$123K	$619K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.15	+0.028%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.12	+0.004%	$1.6M	$6.2M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.95	−0.137%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.99	−0.107%	$51.9M	$91.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.08	−0.035%	$36.1M	$90.0M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0174%	1h	118.99	−0.103%	$3.5M	—	200x	as long as short