Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h +0.039%

Price spread now: SunX against Derive+0.081%7-day average +0.016% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.081%, 7d avg +0.016%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SunX is 0.065% dearer against Derive than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive SOL-PERP	117.52	−0.0050	get 0.0006% / 1h	54m 56s	$2.0M	$2.7M	13x
Short	SunX SOL-USDT	117.61	0.0100	get 0.0100% / 8h	6h 54m	$191K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Derive. 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 DerivebpFee SunXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $31.43
Price spread: +0.081% → +0.016%: $6.49
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: $23.92
Costs to cover: 0.140%
Break-even: 1.7 days

Slippage unknown: Derive: no order-book sample; SunX: live order book, 11 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	3.31 bp	18.8 bp −$19	36.9 bp −$369	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni SOLUSDT	−0.1080%	1h	118.05	+0.451%	$1.5M	$6.1M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.62	+0.088%	$920	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	117.65	+0.108%	$94K	$696K	20x	as long as short
Vest SOL-PERP	−0.0079%	1h	117.53	+0.009%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0079%	8h	117.52	+0.002%	$228.6M	$44.7M	75x	as long as short
Derive SOL-PERPlong	−0.0050%	1h	117.52	long leg	$2.0M	$2.7M	13x
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.57	+0.044%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.57	+0.044%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.59	+0.061%	$1.6M	$21.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.56	+0.036%	$131K	$4.0M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.64	+0.101%	$26.4M	$25.3M	50x	as long as short
Gate SOL_USDT	+0.0003%	8h	117.64	+0.104%	$842.9M	$647.4M	100x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.54	+0.018%	$1.8M	$4.6M	20x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.57	+0.044%	$102K	$162K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.63	+0.092%	$31.5M	$98.5M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.65	+0.113%	$7.9M	$409.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.65	+0.115%	—	$370.1M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.61	+0.080%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.62	+0.087%	$13.1M	$57.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.61	+0.081%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.61	+0.082%	$345K	$262K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.60	+0.069%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.57	+0.044%	$43K	$815K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.59	+0.058%	$5.7M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.76	+0.206%	$715.9M	$402.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.62	+0.087%	$177.5M	$180.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	+0.039%	$12.8M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.65	+0.113%	$973.9M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.68	+0.138%	$818.5M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.65	+0.112%	$364.8M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.44	−0.066%	$255K	$897K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.58	+0.051%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.538%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.70	+0.155%	$422.1M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.66	+0.124%	$133.2M	$206.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.66	+0.122%	$488.3M	$445.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.65	+0.112%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.61	+0.076%	$24.4M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.09	+0.487%	$94.9M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.85	+0.280%	$48.3M	$29.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.09	+0.487%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.52	+0.002%	$351K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.54	+0.021%	$199K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.57	+0.042%	$37K	$17K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	117.61	+0.081%	$191K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	117.61	+0.078%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.66	+0.121%	$45.9M	$100.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.67	+0.127%	$8.3M	$35.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.61	+0.082%	—	$228.1M	500x	as long as short
Phoenix SOL	+0.0114%	1h	117.72	+0.172%	$6.5M	$13.5M	25x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.50	−0.012%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.63	+0.095%	$52.2M	$73.9M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.687%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.55	+0.024%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0275%	1h	118.21	+0.592%	$25K	$51K	20x	as long as short