Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.001%

Price spread now: Coinbase International against edgeX−0.133%7-day average +0.037% · 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−$42as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.159%+$16 · spread now −0.133%, 7d avg +0.037%

Together, before fees+0.145%+ Points / potential airdropedgeX: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.170% cheaper against edgeX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	117.52	0.0100	pay 0.0050% / 4h	2h 08m	$94.4M	$403.8M	75x
Short	Coinbase International SOL-PERP-INTX	117.36	0.0072	get 0.0009% / 1h	8m 46s	$8.0M	$406.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$5.88
Price spread: −0.133% → +0.037%: −$16.96
Slippage, 4 orders: −$5.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$47.6
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago	2.12 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$671	10.1 bp −$5,072
Sell Coinbase International live order book, 5 min ago	0.04 bp	5.0 bp −$5	7.5 bp −$75	14.8 bp −$1,482	61.6 bp −$30.8K

SOL on 54 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	117.36	−0.133%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0061%	1h	117.32	−0.174%	—	$607K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.35	−0.145%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.37	−0.128%	$4.5M	$24.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.37	−0.127%	$1.4M	$20.8M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.40	−0.103%	$26.4M	$25.5M	50x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.35	−0.145%	$2.0M	$4.8M	20x	as long as short
Derive SOL-PERP	+0.0023%	1h	117.28	−0.204%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-P	+0.0040%	1h	117.43	−0.081%	$100K	$690K	20x	as long as short
HTX SOL-USDT	+0.0043%	8h	117.27	−0.212%	$227.9M	$45.4M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0048%	8h	117.35	−0.145%	$847.0M	$665.9M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.35	−0.141%	$31.5M	$98.8M	100x	as long as short
ApeX Omni SOLUSDT	+0.0056%	1h	117.47	−0.043%	$1.5M	$6.0M	50x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0072%	1h	117.36	−0.133%	$8.0M	$406.9M	50x
BingX SOL-USDC	+0.0080%	8h	117.34	−0.157%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.38	−0.122%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.36	−0.137%	$13.0M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.36	−0.140%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.36	−0.136%	$103K	$156K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.36	−0.136%	$344K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.37	−0.127%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.30	−0.187%	$67K	$851K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.36	−0.136%	$5.7M	$41.3M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.37	−0.130%	$176.2M	$179.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.39	−0.109%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.36	−0.133%	$967.3M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.37	−0.128%	$818.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.38	−0.119%	$366.0M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.31	−0.179%	$238K	$863K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.41	−0.095%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.53	+0.004%	$134.5M	$13.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.37	−0.128%	$423.6M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.38	−0.122%	$130.3M	$211.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.34	−0.150%	$486.3M	$438.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.35	−0.145%	$23.7M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.49	−0.022%	$24.3M	$121.0M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	117.52	long leg	$94.4M	$403.8M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.53	+0.007%	$48.1M	$28.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.40	−0.102%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.32	−0.170%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.33	−0.159%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.35	−0.148%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.35	−0.142%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.36	−0.136%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.36	−0.136%	$45.7M	$101.2M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.64	+0.102%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.35	−0.144%	$8.1M	$36.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.35	−0.141%	—	$225.1M	500x	as long as short
Hyperliquid SOL	+0.0115%	1h	117.48	−0.034%	$718.4M	$393.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.34	−0.157%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	117.87	+0.298%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0174%	1h	117.34	−0.154%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0344%	1h	117.56	+0.035%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.34	−0.157%	$128K	$3.8M	8.3x	as long as short