Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against edgeX−0.427%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.420%+$42 · spread now −0.427%, 7d avg −0.030%

Together, before fees+0.434%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$43 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.397% cheaper against edgeX than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	116.27	0.0100	pay 0.0050% / 4h	2h 39m	$93.3M	$402.8M	75x
Short	Extended SOL-USD	115.77	0.0104	get 0.0013% / 1h	39m 14s	$7.9M	$38.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.427%Rate

Funding earned: $0.84
Price spread: −0.427% → −0.030%: −$39.72
Slippage, 4 orders: −$5.16
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$58.05
Costs to cover: 0.192%
Break-even: 490.7 days

Slippage from edgeX: live order book, 5 min ago; Extended: 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	2.15 bp	6.7 bp −$7	6.7 bp −$67	6.8 bp −$680	10.4 bp −$5,210
Sell Extended live order book, 5 min ago	0.43 bp	2.9 bp −$3	2.9 bp −$29	6.2 bp −$616	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
Kraken Futures PF_SOLUSD	−0.0241%	1h	115.79	−0.415%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0224%	1h	116.07	−0.175%	$104K	$705K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.73	−0.467%	$1.9M	$2.9M	13x	as long as short
Vest SOL-PERP	−0.0120%	1h	115.75	−0.450%	—	$625K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	115.72	−0.474%	$739.3M	$1.41B	100x	as long as short
BingX SOL-USDT	−0.0115%	8h	115.80	−0.408%	—	$368.4M	—	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	115.85	−0.365%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.82	−0.384%	$41K	—	150x	as long as short
01 Exchange SOLUSD	0.0000%	1h	115.71	−0.482%	$98K	$177K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.73	−0.468%	$1.5M	$19.2M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	115.71	−0.486%	$112K	$3.7M	8.3x	as long as short
dYdX SOL-USD	+0.0013%	1h	115.76	−0.442%	$4.3M	$24.6M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.78	−0.426%	$7.8M	$403.8M	50x	as long as short
Bullet SOL-USD	+0.0057%	1h	115.79	−0.415%	$146K	$1.6M	20x	as long as short
Bitget SOLUSDT	+0.0071%	8h	115.78	−0.419%	$479.6M	$454.5M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0090%	1h	115.86	−0.350%	$26.2M	$22.4M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	115.83	−0.383%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.76	−0.440%	$12.9M	$60.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.76	−0.438%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.80	−0.406%	$348K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.66	−0.525%	$65K	$906K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.73	−0.468%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.66	−0.525%	$5.3M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.86	−0.353%	$688.6M	$397.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	115.80	−0.405%	$173.6M	$183.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	115.79	−0.416%	$15.5M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.78	−0.420%	$965.6M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.76	−0.439%	$360.1M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.67	−0.517%	$213K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.76	−0.436%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.24	−0.029%	$130.1M	$16.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.76	−0.439%	$838.6M	$663.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.78	−0.422%	$357.4M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.75	−0.449%	$123.8M	$228.5M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.79	−0.413%	$22.8M	$40.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.96	−0.271%	$25.0M	$114.1M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	116.27	long leg	$93.3M	$402.8M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	115.81	−0.397%	$47.4M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.14	−0.116%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.80	−0.405%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.71	−0.482%	$317K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.81	−0.400%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.82	−0.385%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.78	−0.422%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.76	−0.439%	$224.2M	$49.9M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.77	−0.431%	$45.1M	$103.9M	50x	as long as short
Extended SOL-USDshort	+0.0104%	1h	115.77	−0.427%	$7.9M	$38.9M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.73	−0.465%	—	$238.8M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.240%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.27	−0.001%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.72	−0.476%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.77	−0.431%	$51.8M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.81	−0.399%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.78	−0.425%	$1.9M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0603%	1h	116.16	−0.096%	$25K	$52K	20x	as long as short