Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: GRVT against edgeX+0.016%7-day average +0.044% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.016%, 7d avg +0.044%

Together, before fees−0.007%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$1 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: GRVT is 0.027% cheaper against edgeX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	116.43	0.0100	pay 0.0050% / 4h	30m 52s	$93.5M	$398.2M	75x
Short	GRVT SOL_USDT_Perp	116.45	0.0100	get 0.0100% / 8h	4h 30m	$47.6M	$29.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → +0.044%: −$2.72
Slippage, 4 orders: −$5.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$25.87
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; GRVT: live order book, 3 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, 3 min ago	2.15 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$673	10.4 bp −$5,178
Sell GRVT live order book, 3 min ago	0.43 bp	4.9 bp −$5	5.3 bp −$53	8.9 bp −$892	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
Vest SOL-PERP	−0.0096%	1h	116.75	+0.281%	—	$602K	20x	as long as short
Hibachi SOL/USDT-P	−0.0096%	1h	116.63	+0.175%	$103K	$701K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.71	+0.243%	$913	$8K	25x	as long as short
Derive SOL-PERP	−0.0060%	1h	116.75	+0.274%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.84	+0.355%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.83	+0.351%	$1.5M	$18.7M	3.1x	as long as short
dYdX SOL-USD	+0.0001%	1h	116.79	+0.310%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.86	+0.372%	$100K	$171K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.86	+0.368%	$7.5M	$405.6M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.84	+0.358%	$31.1M	$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
Orderly PERP_SOL_USDC	+0.0091%	8h	116.84	+0.354%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.82	+0.342%	$13.1M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.84	+0.357%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.82	+0.338%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.75	+0.278%	$51K	$867K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.84	+0.358%	$989K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.83	+0.349%	$5.4M	$39.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.92	+0.424%	$705.9M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.88	+0.390%	$175.2M	$182.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.84	+0.357%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.89	+0.397%	$967.8M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.86	+0.373%	$786.7M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.91	+0.415%	$369.8M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.67	+0.209%	$231K	$847K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.84	+0.354%	$928K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	+0.020%	$133.2M	$20.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.86	+0.372%	$844.3M	$660.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.89	+0.398%	$404.4M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.88	+0.389%	$126.7M	$218.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.87	+0.381%	$480.5M	$441.7M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.88	+0.385%	—	$365.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.83	+0.347%	$23.5M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.77	+0.299%	$24.4M	$114.1M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	116.43	long leg	$93.5M	$398.2M	75x
GRVT SOL_USDT_Perpshort	+0.0100%	8h	116.45	+0.016%	$47.6M	$29.7M	20x
ApeX Omni SOLUSDT	+0.0100%	1h	116.60	+0.150%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	+0.218%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.84	+0.355%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.82	+0.339%	$149K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.81	+0.332%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.80	+0.321%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.84	+0.355%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.75	+0.276%	$226.5M	$47.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.81	+0.330%	$45.7M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.83	+0.348%	$8.1M	$36.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.83	+0.343%	—	$230.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	+0.115%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.80	+0.321%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0163%	1h	116.89	+0.397%	$26.4M	$25.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.81	+0.333%	$1.1M	$540K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.86	+0.372%	$51.8M	$72.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0171%	1h	116.83	+0.347%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.83	+0.348%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0533%	1h	116.64	+0.187%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.89	+0.401%	$1.9M	$4.9M	20x	as long as short