Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.023%

Price spread now: Deribit against edgeX−0.115%75s7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$230.227% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 3 days (all we have)−0.336%−$34 · spread now −0.115%, 7d avg +0.040%

Together, before fees−0.463%+ Points / potential airdropedgeX: Active · farm board−$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.155% cheaper against edgeX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.040%). Swap the legs. The two prices were read 75 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	edgeX SOLUSDC	119.09	0.0100	pay 0.0050% / 4h	2h 57m	$95.6M	$395.2M	75x
Short	Deribit SOL_USDC-PERPETUAL	118.95	0.0017	get 0.0002% / 1h	57m 52s	$26.7M	$27.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$17.52
Price spread: −0.115% → +0.040%: −$15.49
Slippage, 4 orders: −$6.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$55.74
Costs to cover: 0.227%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Deribit: live order book, 1 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, 1 min ago	2.10 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$668	10.2 bp −$5,098
Sell Deribit live order book, 1 min ago	0.88 bp	4.5 bp −$5	5.7 bp −$57	18.3 bp −$1,834	doesn't fit

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	−0.340%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0084%	1h	118.94	−0.122%	—	$731K	20x	as long as short
Aftermath Perps SOLUSD	−0.0083%	1h	119.05	−0.028%	$24K	$48K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.05	−0.034%	$844	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	118.83	−0.217%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.94	−0.122%	$49K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.04	−0.037%	$4.9M	$26.8M	20x	as long as short
Perpl SOL	0.0000%	43m	119.01	−0.064%	$191K	$4.1M	8.3x	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0017%	1h	118.95	−0.115%	$26.7M	$27.9M	50x
01 Exchange SOLUSD	+0.0048%	1h	118.98	−0.088%	$104K	$154K	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	+0.0055%	8h	118.92	−0.143%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0065%	8h	118.86	−0.187%	$231.6M	$43.8M	75x	as long as short
SoDEX SOL-USD	+0.0067%	1h	118.87	−0.181%	$6.2M	$10.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0076%	1h	119.13	+0.037%	$1.5M	$6.3M	50x	as long as short
Gate SOL_USDT	+0.0079%	8h	118.89	−0.164%	$857.8M	$672.5M	100x	as long as short
KuCoin SOLUSDTM	+0.0083%	8h	118.91	−0.150%	$144.5M	$196.5M	75x	as long as short
Bullet SOL-USD	+0.0087%	1h	118.90	−0.155%	$199K	$1.8M	20x	as long as short
Lighter SOL	+0.0096%	1h	118.88	−0.174%	$13.4M	$52.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.86	−0.189%	$2.0M	$16.5M	25x	as long as short
Bitget SOLUSDT	+0.0096%	8h	118.90	−0.154%	$496.0M	$452.4M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.87	−0.179%	$353K	$746K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.98	−0.090%	$1.0M	$525K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.00	−0.071%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.05	−0.029%	$5.6M	$40.8M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.97	−0.097%	$718.2M	$443.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.92	−0.135%	$179.8M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.06	−0.022%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.93	−0.130%	$976.5M	$3.76B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.96	−0.107%	$822.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.93	−0.130%	$367.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.16	+0.063%	$234K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.03	−0.046%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	+0.002%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.90	−0.155%	$470.2M	$1.07B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.94	−0.126%	—	$372.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.88	−0.172%	$24.1M	$38.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.33	+0.203%	$27.8M	$126.3M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	119.09	long leg	$95.6M	$395.2M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	119.08	−0.008%	$48.7M	$33.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.10	+0.013%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.96	−0.105%	$361K	$2.4M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.92	−0.138%	$38K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.86	−0.187%	$193K	$1.9M	30x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.85	−0.197%	$46.4M	$100.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.88	−0.171%	$8.7M	$37.4M	50x	as long as short
Kalshi KXSOLPERP	+0.0111%	8h	119.05	−0.025%	$1.2M	$21.0M	3.1x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.92	−0.142%	$8.0M	$414.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.07	−0.009%	—	$218.3M	500x	as long as short
Hibachi SOL/USDT-P	+0.0128%	1h	119.10	+0.014%	$123K	$608K	20x	as long as short
Phoenix SOL	+0.0149%	1h	119.28	+0.164%	$7.3M	$11.2M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.00	−0.071%	$1.6M	$6.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.94	−0.125%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.07	−0.013%	$51.7M	$91.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.89	−0.164%	$36.1M	$90.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0178%	1h	118.94	−0.125%	$3.5M	—	200x	as long as short