Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.042%

Price spread now: edgeX against dYdX−0.002%111s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.317% of the position

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 7 days−0.043%−$4 · spread now −0.002%, 7d avg −0.010%

Together, before fees+0.112%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	117.94	0	get 0.0000% / 1h	15m 42s	$4.5M	$24.1M	20x
Short	edgeX SOLUSDC	117.94	0.0100	get 0.0050% / 4h	1h 15m	$94.7M	$393.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against dYdX. 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 dYdXbpFee edgeXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $21
Price spread: −0.002% → −0.010%: $0.86
Slippage, 4 orders: −$12.72
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$9.86
Costs to cover: 0.317%
Break-even: 10.3 days

Slippage from dYdX: live order book, 3 min ago; edgeX: live order book, 3 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 dYdX live order book, 3 min ago	2.97 bp	8.0 bp −$8	10.8 bp −$108	17.6 bp −$1,756	138.6 bp −$69.3K
Sell edgeX live order book, 3 min ago	2.54 bp	7.0 bp −$7	7.0 bp −$70	7.1 bp −$713	10.4 bp −$5,201

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
Bluefin SOL-PERP	−0.0126%	1h	118.00	+0.049%	$25K	$28K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.98	+0.033%	$923	$8K	25x	as long as short
Vest SOL-PERP	−0.0067%	1h	117.93	−0.013%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	118.03	+0.072%	$31.7M	$98.7M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.95	+0.011%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.04	+0.084%	$58K	—	150x	as long as short
dYdX SOL-USDlong	0.0000%	1h	117.94	long leg	$4.5M	$24.1M	20x
Hibachi SOL/USDT-P	+0.0048%	1h	117.92	−0.014%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	118.05	+0.093%	$100K	$165K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	118.04	+0.084%	$8.0M	$405.0M	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	+0.0090%	8h	118.04	+0.081%	$1.0M	$5.8M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0092%	1h	118.07	+0.110%	$26.5M	$24.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	117.92	−0.020%	$13.2M	$59.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.92	−0.014%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.02	+0.065%	$346K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.99	+0.042%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.95	+0.009%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.99	+0.046%	$5.8M	$38.9M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.00	+0.051%	$177.8M	$180.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.96	+0.019%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.93	−0.012%	$971.6M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.96	+0.017%	$832.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.92	−0.017%	$367.4M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.93	−0.008%	$239K	$857K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.95	+0.005%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.59	−0.299%	$135.8M	$17.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.01	+0.059%	$860.0M	$653.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.93	−0.008%	$426.7M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.93	−0.009%	$130.2M	$212.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.92	−0.019%	$488.6M	$431.2M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.93	−0.006%	—	$363.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.01	+0.059%	$23.7M	$36.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.04	+0.086%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	117.94	−0.002%	$94.7M	$393.9M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.97	+0.024%	$48.3M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.02	+0.065%	$1.7M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.86	−0.068%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.02	+0.068%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.05	+0.090%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.95	+0.008%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.01	+0.059%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.91	−0.027%	$229.0M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.99	+0.042%	$46.0M	$100.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	118.02	+0.066%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.89	−0.039%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.95	+0.012%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	118.08	+0.119%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.99	+0.046%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0176%	1h	118.05	+0.093%	$722.2M	$389.8M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.99	+0.040%	$1.1M	$536K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.382%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.92	−0.017%	$51.7M	$71.7M	125x	as long as short
Perpl SOL	+0.0223%	43m	118.02	+0.067%	$128K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	118.04	+0.081%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0406%	1h	117.92	−0.018%	$25K	$51K	20x	as long as short