Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.020%

Price spread now: MEXC against Deribit−0.041%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$120.124% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)+0.136%+$14 · spread now −0.041%, 7d avg −0.020%

Together, before fees+0.203%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.021% cheaper against Deribit than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.020%). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.068% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SOL_USDC-PERPETUAL	118.93	0	get 0.0000% / 1h	28m 45s	$26.6M	$26.0M	50x
Short	MEXC SOL_USDT	118.88	0.0100	get 0.0100% / 8h	28m 45s	$433.3M	$1.13B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.041%Rate

Funding earned: $21
Price spread: −0.041% → −0.020%: −$2.09
Slippage, 4 orders: −$3.36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 1 bp × 2 orders: −$2
Net: $6.55
Costs to cover: 0.124%
Break-even: 4.8 days

Slippage from Deribit: live order book, just now; MEXC: live order book, 5 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, just now	0.04 bp	4.2 bp −$4	4.6 bp −$46	16.6 bp −$1,660	doesn't fit
Sell MEXC live order book, 5 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.8 bp −$275	4.3 bp −$2,133

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	118.86	−0.056%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	118.80	−0.111%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.81	−0.098%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0017%	1h	118.90	−0.022%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.86	−0.058%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.90	−0.020%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.88	−0.044%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUALlong	0.0000%	1h	118.93	long leg	$26.6M	$26.0M	50x
ApeX Omni SOLUSDT	+0.0038%	1h	118.99	+0.052%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.91	−0.014%	$1.0M	$5.9M	100x	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	+0.0080%	1h	118.85	−0.066%	$103K	$157K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.87	−0.048%	—	$372.5M	—	as long as short
HTX SOL-USDT	+0.0086%	8h	118.79	−0.119%	$231.3M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0089%	8h	118.85	−0.066%	$862.7M	$680.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.84	−0.071%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.82	−0.092%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.93	−0.001%	$120K	$628K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.88	−0.043%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.89	−0.037%	$8.1M	$416.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.89	−0.036%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.82	−0.091%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.81	−0.104%	$6.1M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.95	+0.018%	$719.8M	$412.1M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.84	−0.074%	$178.0M	$177.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.91	−0.017%	$12.2M	$121.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.84	−0.074%	$982.1M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.86	−0.055%	$825.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.84	−0.074%	$372.1M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.82	−0.091%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.89	−0.028%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	+0.002%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	118.88	−0.041%	$433.3M	$1.13B	300x
KuCoin SOLUSDTM	+0.0100%	8h	118.89	−0.035%	$138.5M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.82	−0.089%	$492.6M	$460.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.88	−0.041%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.01	+0.070%	$27.2M	$129.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.97	+0.031%	$95.6M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.94	+0.010%	$48.7M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.94	+0.010%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.82	−0.091%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.84	−0.072%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.89	−0.030%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.85	−0.062%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.87	−0.049%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.86	−0.058%	$46.5M	$102.8M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.08	+0.127%	$6.6M	$13.7M	25x	as long as short
Aftermath Perps SOLUSD	+0.0104%	1h	119.06	+0.112%	$24K	$47K	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.85	−0.063%	$8.7M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.86	−0.053%	$32.5M	$97.2M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.89	−0.029%	—	$225.5M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0067%	1h	118.86	−0.061%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.565%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.82	−0.089%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.88	−0.041%	$52.1M	$81.7M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.86	−0.061%	$1.7M	$5.2M	20x	as long as short