Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.035%

Price spread now: BloFin against edgeX−0.084%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 3 days (all we have)−0.486%−$49 · spread now −0.084%, 7d avg +0.018%

Together, before fees−0.305%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.101% cheaper against edgeX than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.018%). If the spread goes back, that is −$10 on $10k: about 2.8 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	118.91	0.0100	pay 0.0050% / 4h	2h 50m	$95.5M	$396.1M	75x
Short	BloFin SOL-USDT	118.81	0.0220	get 0.0220% / 8h	2h 50m	$51.7M	$90.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against edgeX. 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 edgeXbpFee BloFinbpOrdersPrice spread, now −0.084%Rate

Funding earned: $25.2
Price spread: −0.084% → +0.018%: −$10.14
Slippage, 4 orders: −$5.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.27
Costs to cover: 0.263%
Break-even: 10.1 days

Slippage from edgeX: live order book, 4 min ago; BloFin: live order book, 4 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 edgeX live order book, 4 min ago	2.10 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$669	9.8 bp −$4,899
Sell BloFin live order book, 4 min ago	0.42 bp	6.4 bp −$6	6.4 bp −$64	8.0 bp −$796	12.9 bp −$6,438

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
Injective SOL/USDC PERP	−0.0151%	1h	118.68	−0.193%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.74	−0.144%	$2.0M	$3.2M	13x	as long as short
Vest SOL-PERP	−0.0082%	1h	118.79	−0.099%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.81	−0.087%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0067%	1h	118.96	+0.041%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.85	−0.052%	$49K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.91	+0.001%	$4.9M	$26.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.90	−0.010%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.90	−0.008%	$180K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0017%	1h	118.85	−0.046%	$26.7M	$27.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SOLUSDT	+0.0042%	1h	118.93	+0.014%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0057%	8h	118.83	−0.070%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.88	−0.025%	$104K	$153K	20x	as long as short
HTX SOL-USDT	+0.0074%	8h	118.74	−0.138%	$231.4M	$43.8M	75x	as long as short
Gate SOL_USDT	+0.0080%	8h	118.79	−0.100%	$858.1M	$674.9M	100x	as long as short
KuCoin SOLUSDTM	+0.0089%	8h	118.82	−0.078%	$144.3M	$197.6M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.80	−0.096%	$13.4M	$53.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.79	−0.103%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.85	−0.052%	$353K	$746K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.86	−0.040%	$1.0M	$524K	50x	as long as short
Bitget SOLUSDT	+0.0099%	8h	118.80	−0.093%	$495.9M	$451.5M	100x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.88	−0.025%	$47K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.83	−0.069%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.97	+0.051%	$717.6M	$424.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.80	−0.095%	$179.2M	$174.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.90	−0.004%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.79	−0.097%	$973.7M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.83	−0.067%	$820.9M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.78	−0.109%	$368.3M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.86	−0.041%	$233K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.92	+0.010%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	−0.023%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.81	−0.084%	$467.0M	$1.07B	300x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.78	−0.109%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.88	−0.025%	$24.3M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	−0.045%	$28.3M	$126.8M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	118.91	long leg	$95.5M	$396.1M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	119.13	+0.186%	$48.7M	$33.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.86	−0.041%	$1.4M	$13.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.89	−0.016%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.80	−0.092%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	−0.068%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.88	−0.028%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.79	−0.100%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.83	−0.067%	$46.4M	$99.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.78	−0.105%	$8.6M	$37.4M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.84	−0.056%	$8.1M	$414.5M	50x	as long as short
Hibachi SOL/USDT-P	+0.0120%	1h	118.85	−0.053%	$123K	$622K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.91	−0.003%	—	$218.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.00	+0.076%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.89	−0.014%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.82	−0.077%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDTshort	+0.0220%	8h	118.81	−0.084%	$51.7M	$90.6M	125x
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.80	−0.088%	$36.1M	$90.4M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0173%	1h	118.82	−0.072%	$3.5M	—	200x	as long as short