Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.002%

Price spread now: 01 Exchange against edgeX−0.109%57s7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.328% of the position

Long on edgeX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.839%−$84 · spread now −0.109%, 7d avg +0.017%

Together, before fees−0.789%+ Points / potential airdropedgeX: Active · farm board−$79 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and 01 Exchange is 0.126% cheaper against edgeX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.017%). Swap the legs. The two prices were read 57 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	118.93	0.0100	pay 0.0050% / 4h	2h 54m	$95.5M	$395.2M	75x
Short	01 Exchange SOLUSD	118.80	0.0056	get 0.0007% / 1h	54m 24s	$104K	$153K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.109%Rate

Funding earned: −$9.24
Price spread: −0.109% → +0.017%: −$12.6
Slippage, 4 orders: −$16.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$54.64
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; 01 Exchange: live order book, 34 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	2.10 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$668	10.2 bp −$5,098
Sell 01 Exchange live order book, 34 min ago	0.42 bp	10.0 bp −$10	22.1 bp −$221	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
Injective SOL/USDC PERP	−0.0151%	1h	118.68	−0.210%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.77	−0.135%	$2.0M	$3.2M	13x	as long as short
Aftermath Perps SOLUSD	−0.0085%	1h	119.04	+0.088%	$24K	$48K	20x	as long as short
Vest SOL-PERP	−0.0083%	1h	118.80	−0.108%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.79	−0.118%	$842	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.89	−0.034%	$49K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.87	−0.051%	$4.9M	$26.8M	20x	as long as short
Perpl SOL	0.0000%	43m	118.76	−0.142%	$184K	$4.1M	8.3x	as long as short
01 Exchange SOLUSDshort	+0.0056%	1h	118.80	−0.109%	$104K	$153K	20x
Orderly PERP_SOL_USDC	+0.0056%	8h	118.86	−0.059%	$1.1M	$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
Deribit SOL_USDC-PERPETUAL	+0.0063%	1h	118.94	+0.005%	$26.7M	$27.8M	50x	as long as short
HTX SOL-USDT	+0.0070%	8h	118.81	−0.104%	$231.5M	$43.8M	75x	as long as short
Gate SOL_USDT	+0.0079%	8h	118.82	−0.093%	$857.6M	$673.7M	100x	as long as short
KuCoin SOLUSDTM	+0.0086%	8h	118.76	−0.141%	$144.9M	$197.0M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.92	−0.008%	$13.4M	$52.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.86	−0.061%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.89	−0.037%	$353K	$746K	20x	as long as short
Bitget SOLUSDT	+0.0097%	8h	118.85	−0.064%	$496.2M	$451.6M	100x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.74	−0.158%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.81	−0.101%	$47K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.75	−0.156%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.88	−0.042%	$717.4M	$423.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.81	−0.101%	$179.3M	$174.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.88	−0.042%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.87	−0.051%	$974.4M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.87	−0.051%	$822.7M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.83	−0.084%	$368.6M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	−0.126%	$233K	$867K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.87	−0.053%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	+0.132%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.82	−0.093%	$472.7M	$1.07B	300x	as long as short
BingX SOL-USDT	+0.0100%	8h	118.87	−0.054%	—	$373.1M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.19	+0.219%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	+0.121%	$27.7M	$126.2M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	118.93	long leg	$95.5M	$395.2M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	119.07	+0.119%	$48.7M	$33.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.99	+0.050%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.10	+0.143%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.77	−0.135%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.81	−0.098%	$200K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.86	−0.062%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.83	−0.081%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.86	−0.059%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.85	−0.067%	$46.4M	$99.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.83	−0.081%	$8.7M	$37.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0104%	8h	119.14	+0.176%	$1.2M	$20.9M	3.1x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	118.92	−0.009%	$8.1M	$414.4M	50x	as long as short
Hibachi SOL/USDT-P	+0.0120%	1h	119.02	+0.079%	$123K	$621K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.98	+0.041%	—	$217.6M	500x	as long as short
Phoenix SOL	+0.0149%	1h	119.15	+0.185%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.84	−0.076%	$1.6M	$6.2M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.80	−0.112%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.18	+0.210%	$52.0M	$91.2M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.90	−0.029%	$36.2M	$90.2M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0175%	1h	118.88	−0.042%	$3.5M	—	200x	as long as short