Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%

Price spread now: MEXC against Extended−0.009%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$100.095% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.009%, 7d avg +0.052%

Together, before fees−0.015%+ Points / potential airdropExtended: 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: MEXC is 0.062% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOL-USD	119.39	0.0104	pay 0.0013% / 1h	53m 58s	$8.7M	$36.6M	50x
Short	MEXC SOL_USDT	119.38	0.0100	get 0.0100% / 8h	1h 53m	$435.7M	$1.10B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$0.84
Price spread: −0.009% → +0.052%: −$6.17
Slippage, 4 orders: −$2.51
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$16.52
Costs to cover: 0.095%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; MEXC: 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 Extended live order book, 5 min ago	0.42 bp	2.9 bp −$3	2.9 bp −$29	6.4 bp −$642	doesn't fit
Sell MEXC live order book, 5 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.6 bp −$259	7.0 bp −$3,496

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
Derive SOL-PERP	−0.0094%	1h	119.34	−0.041%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.52	+0.111%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.40	+0.006%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0007%	1h	119.50	+0.091%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.44	+0.041%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.47	+0.070%	$1.2M	$20.7M	3.1x	as long as short
Hibachi SOL/USDT-P	0.0000%	1h	119.52	+0.108%	$120K	$625K	20x	as long as short
Perpl SOL	0.0000%	43m	119.47	+0.069%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.45	+0.049%	$26.8M	$27.6M	50x	as long as short
Aftermath Perps SOLUSD	+0.0057%	1h	119.31	−0.069%	$24K	$47K	20x	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	+0.0064%	8h	119.44	+0.038%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0069%	8h	119.37	−0.021%	$232.5M	$44.7M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.38	−0.006%	—	$375.4M	—	as long as short
Gate SOL_USDT	+0.0094%	8h	119.38	−0.009%	$869.4M	$675.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.37	−0.016%	$13.6M	$54.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.36	−0.023%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.52	+0.108%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.39	+0.003%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.43	+0.036%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.45	+0.049%	$46K	$791K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.48	+0.075%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.48	+0.075%	$720.9M	$413.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.39	+0.002%	$179.0M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.54	+0.126%	$12.4M	$116.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.40	+0.007%	$978.8M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.42	+0.023%	$824.7M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.39	−0.001%	$372.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.44	+0.041%	$233K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.56	+0.139%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.05	−0.283%	$133.5M	$10.2M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	119.38	−0.009%	$435.7M	$1.10B	300x
KuCoin SOLUSDTM	+0.0100%	8h	119.41	+0.014%	$140.9M	$199.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.42	+0.025%	$496.3M	$455.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.39	−0.001%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.31	−0.064%	$27.4M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.12	−0.225%	$95.7M	$396.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.21	−0.153%	$48.8M	$32.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.13	−0.219%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.53	+0.116%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.45	+0.049%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.42	+0.027%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.44	+0.040%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.42	+0.021%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.40	+0.007%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.39	−0.001%	$46.7M	$102.2M	50x	as long as short
Extended SOL-USDlong	+0.0104%	1h	119.39	long leg	$8.7M	$36.6M	50x
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.42	+0.021%	$8.2M	$416.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.53	+0.120%	—	$222.4M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.38	−0.007%	$32.8M	$94.8M	100x	as long as short
Phoenix SOL	+0.0154%	1h	119.37	−0.018%	$6.6M	$13.6M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.44	+0.042%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.43	+0.031%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.52	+0.106%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	+0.016%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.48	+0.075%	$52.0M	$87.2M	125x	as long as short