Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.035%

Price spread now: OKX against dYdX−0.007%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on dYdX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days−0.005%$0 · spread now −0.007%, 7d avg +0.003%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	116.69	0.0001	pay 0.0000% / 1h	27m 31s	$4.4M	$24.2M	20x
Short	OKX SOL-USDT-SWAP	116.68	0.0100	get 0.0100% / 8h	4h 27m	$369.7M	$1.68B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $20.75
Price spread: −0.007% → +0.003%: −$0.94
Slippage, 4 orders: −$14.16
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$14.35
Costs to cover: 0.342%
Break-even: 11.8 days

Slippage from dYdX: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	2.57 bp	14.9 bp −$15	27.3 bp −$273	30.1 bp −$3,013	43.5 bp −$21.7K
Sell OKX live order book, 2 min ago	0.43 bp	5.4 bp −$5	6.4 bp −$64	11.7 bp −$1,171	23.9 bp −$11.9K

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
Hibachi SOL/USDT-P	−0.0112%	1h	116.65	−0.029%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0097%	1h	116.62	−0.060%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.64	−0.044%	$912	$8K	25x	as long as short
Derive SOL-PERP	−0.0014%	1h	116.52	−0.145%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.62	−0.058%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.76	+0.061%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USDlong	+0.0001%	1h	116.69	long leg	$4.4M	$24.2M	20x
01 Exchange SOLUSD	+0.0048%	1h	116.72	+0.028%	$99K	$172K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.62	−0.061%	$7.5M	$404.7M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.61	−0.067%	$31.0M	$100.3M	100x	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	+0.0082%	1h	116.64	−0.042%	$26.3M	$25.4M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0091%	8h	116.61	−0.068%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.72	+0.028%	$13.1M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.68	−0.007%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.59	−0.083%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.64	−0.041%	$51K	$868K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.78	+0.075%	$1.0M	$549K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.63	−0.051%	$5.4M	$39.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.74	+0.045%	$704.7M	$396.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.69	+0.002%	$174.9M	$182.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.76	+0.058%	$15.7M	$130.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.70	+0.006%	$969.1M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.64	−0.041%	$783.5M	$1.35B	100x	as long as short
OKX SOL-USDT-SWAPshort	+0.0100%	8h	116.68	−0.007%	$369.7M	$1.68B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	116.65	−0.032%	$231K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.71	+0.020%	$927K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.204%	$133.2M	$20.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.74	+0.045%	$843.0M	$661.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.66	−0.024%	$390.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.72	+0.030%	$127.7M	$218.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.63	−0.053%	$479.3M	$441.3M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.72	+0.024%	—	$365.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.60	−0.075%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.77	+0.074%	$24.4M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.76	+0.058%	$93.7M	$398.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.89	+0.169%	$47.8M	$29.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.96	+0.236%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.92	+0.199%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.64	−0.041%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.63	−0.046%	$148K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.58	−0.090%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.59	−0.083%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.60	−0.075%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.60	−0.075%	$226.3M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.63	−0.050%	$45.6M	$102.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.67	−0.013%	$8.3M	$37.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.69	−0.002%	—	$231.1M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	−0.110%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.94	+0.216%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.60	−0.073%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.97	+0.242%	$51.9M	$71.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0236% / S −0.0181%	1h	116.62	−0.058%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.71	+0.022%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0530%	1h	116.72	+0.029%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.76	+0.062%	$1.9M	$4.9M	20x	as long as short