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 +0.037%

Price spread now: MEXC against dYdX+0.037%7-day average +0.012% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.195% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 7 days−0.110%−$11 · spread now +0.037%, 7d avg +0.012%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.025% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	119.78	0	get 0.0000% / 1h	54m 46s	$4.9M	$27.2M	20x
Short	MEXC SOL_USDT	119.82	0.0100	get 0.0100% / 8h	54m 46s	$457.4M	$1.11B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.037%Rate

Funding earned: $21
Price spread: +0.037% → +0.012%: $2.5
Slippage, 4 orders: −$7.53
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 1 bp × 2 orders: −$2
Net: $3.97
Costs to cover: 0.195%
Break-even: 5.7 days

Slippage from dYdX: live order book, 4 min ago; MEXC: live order book, 9 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, 4 min ago	3.35 bp	8.3 bp −$8	11.1 bp −$111	18.0 bp −$1,802	28.5 bp −$14.3K
Sell MEXC live order book, 9 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.6 bp −$257	5.1 bp −$2,542

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	119.68	−0.081%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.66	−0.097%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.68	−0.083%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.76	−0.014%	$116K	—	150x	as long as short
dYdX SOL-USDlong	0.0000%	1h	119.78	long leg	$4.9M	$27.2M	20x
Kalshi KXSOLPERP	0.0000%	8h	119.67	−0.087%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.73	−0.037%	$177K	$4.0M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0053%	1h	119.48	−0.247%	$1.5M	$6.2M	50x	as long as short
Phoenix SOL	+0.0054%	1h	119.58	−0.163%	$6.6M	$13.7M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.78	+0.004%	$105K	$157K	20x	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	+0.0071%	8h	119.76	−0.011%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.78	+0.002%	—	$371.8M	—	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0082%	1h	119.80	+0.024%	$26.8M	$26.1M	50x	as long as short
HTX SOL-USDT	+0.0085%	8h	119.70	−0.063%	$233.0M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0086%	8h	119.79	+0.012%	$873.9M	$672.7M	100x	as long as short
Aftermath Perps SOLUSD	+0.0094%	1h	119.44	−0.277%	$24K	$47K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.78	+0.008%	$13.7M	$55.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.75	−0.017%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.55	−0.192%	$118K	$608K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.74	−0.030%	$355K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.76	−0.013%	$8.3M	$419.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.67	−0.090%	$1.1M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.72	−0.046%	$46K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.65	−0.104%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.88	+0.087%	$725.0M	$409.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.77	−0.007%	$179.3M	$175.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.67	−0.085%	$12.4M	$119.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.77	−0.004%	$986.9M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.78	+0.004%	$833.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.78	+0.004%	$374.0M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.58	−0.163%	$234K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.73	−0.036%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.355%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	119.82	+0.037%	$457.4M	$1.11B	300x
KuCoin SOLUSDTM	+0.0100%	8h	119.81	+0.030%	$140.4M	$203.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.75	−0.019%	$498.5M	$456.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.74	−0.030%	$24.3M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.52	−0.214%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.46	−0.268%	$95.9M	$400.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.51	−0.223%	$49.0M	$31.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.57	−0.172%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.76	−0.013%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.76	−0.016%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.74	−0.033%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.75	−0.018%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.74	−0.030%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.72	−0.046%	$46.8M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.79	+0.011%	$8.7M	$35.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0104%	1h	119.74	−0.027%	$32.7M	$96.9M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.76	−0.010%	—	$224.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.631%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.74	−0.029%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.74	−0.030%	$52.1M	$84.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.75	−0.024%	$1.7M	$5.3M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0170%	1h	119.76	−0.013%	$3.6M	—	200x	as long as short