Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Phemex against edgeX−0.070%78s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as 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−$290.293% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.070%, 7d avg +0.020%

Together, before fees−0.095%+ Points / potential airdropedgeX: Active · farm board−$10 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: Phemex is 0.090% cheaper against edgeX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 78 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	116.84	0.0100	pay 0.0050% / 4h	3h 32m	$93.8M	$400.2M	75x
Short	Phemex SOLUSDT	116.76	0.0100	get 0.0100% / 8h	3h 32m	$45.7M	$103.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → +0.020%: −$9.02
Slippage, 4 orders: −$8.27
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$38.29
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago	2.14 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$673	10.2 bp −$5,099
Sell Phemex live order book, 2 min ago	0.43 bp	8.7 bp −$9	9.0 bp −$90	15.2 bp −$1,525	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	−0.0193%	1h	116.75	−0.078%	$31.0M	$101.0M	100x	as long as short
Hibachi SOL/USDT-P	−0.0160%	1h	116.78	−0.056%	$103K	$699K	20x	as long as short
Vest SOL-PERP	−0.0089%	1h	116.71	−0.110%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.77	−0.060%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.77	−0.065%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.84	−0.005%	$1.5M	$19.0M	3.1x	as long as short
dYdX SOL-USD	+0.0009%	1h	116.82	−0.019%	$4.4M	$24.2M	20x	as long as short
Bybit SOLUSDT	+0.0029%	8h	116.64	−0.173%	$761.6M	$1.38B	100x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.70	−0.119%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.76	−0.070%	$7.6M	$405.0M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0072%	1h	116.78	−0.053%	$99K	$174K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.77	−0.060%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.75	−0.080%	$13.1M	$60.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.74	−0.091%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.77	−0.065%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.71	−0.113%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.80	−0.037%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.74	−0.085%	$5.5M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.86	+0.015%	$705.4M	$394.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.73	−0.096%	$174.8M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.83	−0.006%	$15.8M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.74	−0.087%	$974.5M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.74	−0.087%	$367.0M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.79	−0.045%	$229K	$845K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.79	−0.045%	$922K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	−0.079%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.72	−0.105%	$852.9M	$662.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.73	−0.096%	$366.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.74	−0.090%	$129.2M	$223.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.71	−0.116%	$481.6M	$444.9M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.72	−0.105%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.74	−0.087%	$23.1M	$39.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.73	−0.092%	$24.5M	$113.5M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	116.84	long leg	$93.8M	$400.2M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	116.87	+0.024%	$47.8M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.97	+0.112%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.80	−0.036%	$1.3M	$12.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.74	−0.087%	$321K	$2.6M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.75	−0.081%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.76	−0.074%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.75	−0.077%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.75	−0.079%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.76	−0.069%	$226.3M	$48.1M	75x	as long as short
Phemex SOLUSDTshort	+0.0100%	8h	116.76	−0.070%	$45.7M	$103.1M	50x
Extended SOL-USD	+0.0104%	1h	116.70	−0.126%	$8.3M	$37.5M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.99	+0.127%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.81	−0.030%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	117.04	+0.169%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0169%	1h	116.82	−0.023%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.70	−0.119%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.78	−0.053%	$52.0M	$67.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.76	−0.069%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.82	−0.021%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0523%	1h	116.85	+0.005%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.84	0.000%	$1.9M	$4.8M	20x	as long as short