Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against edgeX−0.025%74s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as 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−$570.574% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.025%, 7d avg +0.004%

Together, before fees+0.040%+ Points / potential airdropedgeX: Active · farm board+$4 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: SunX is 0.029% 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 +0.004%. The two prices were read 74 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	118.97	0.0100	pay 0.0050% / 4h	29m 51s	$95.6M	$403.0M	75x
Short	SunX SOL-USDT	118.94	0.0100	get 0.0100% / 8h	29m 51s	$193K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.004%: −$2.92
Slippage, 4 orders: −$40.41
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$60.33
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; SunX: live order book, 6 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, 4 min ago	2.52 bp	7.0 bp −$7	7.0 bp −$70	7.1 bp −$711	10.4 bp −$5,215
Sell SunX live order book, 6 min ago	3.08 bp	19.2 bp −$19	30.3 bp −$303	doesn't fit	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
Hotstuff SOL-PERP	−0.0080%	1h	118.89	−0.067%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0075%	1h	118.87	−0.084%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0073%	1h	118.82	−0.124%	$2.0M	$2.8M	13x	as long as short
dYdX SOL-USD	−0.0018%	1h	118.90	−0.053%	$4.9M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.92	−0.039%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.94	−0.018%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.90	−0.055%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0006%	1h	118.94	−0.019%	$26.6M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0038%	1h	118.99	+0.021%	$1.5M	$6.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0075%	8h	118.91	−0.046%	$1.0M	$5.9M	100x	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	+0.0080%	1h	118.96	−0.005%	$104K	$158K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.86	−0.091%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0087%	8h	118.83	−0.112%	$231.3M	$45.0M	75x	as long as short
Gate SOL_USDT	+0.0088%	8h	118.85	−0.097%	$862.6M	$679.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.87	−0.077%	$13.6M	$55.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.86	−0.090%	$2.2M	$16.9M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	119.04	+0.059%	$120K	$628K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.89	−0.064%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.91	−0.051%	$8.1M	$416.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.87	−0.081%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.92	−0.038%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.91	−0.051%	$6.1M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.96	−0.005%	$720.0M	$412.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.85	−0.096%	$178.0M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.92	−0.037%	$12.3M	$120.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.87	−0.080%	$982.4M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.89	−0.063%	$825.4M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.87	−0.080%	$371.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.88	−0.072%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.94	−0.023%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.93	−0.029%	$133.7M	$5.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.87	−0.080%	$433.9M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.86	−0.089%	$138.5M	$205.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.86	−0.093%	$492.8M	$460.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.90	−0.055%	$24.2M	$38.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.01	+0.039%	$27.2M	$129.0M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	118.97	long leg	$95.6M	$403.0M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	118.98	+0.008%	$48.7M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.04	+0.063%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.89	−0.063%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.90	−0.059%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.90	−0.053%	$37K	$17K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	118.94	−0.025%	$193K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	118.88	−0.072%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.91	−0.047%	$46.5M	$102.8M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.08	+0.096%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.82	−0.120%	$8.7M	$36.0M	50x	as long as short
Aftermath Perps SOLUSD	+0.0105%	1h	119.10	+0.116%	$24K	$47K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.88	−0.068%	$32.5M	$97.2M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.96	−0.001%	—	$225.4M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0168% / S −0.0068%	1h	118.91	−0.048%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.533%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	118.88	−0.074%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.95	−0.013%	$52.2M	$81.7M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.95	−0.017%	$1.7M	$5.2M	20x	as long as short