Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Extended−0.131%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on Extended 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)+0.102%+$10 · spread now −0.131%, 7d avg +0.018%

Together, before fees+0.123%+ Points / potential airdropExtended: Active · farm board+$12 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 0.149% cheaper against Extended than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOL-USD	117.76	0.0104	pay 0.0013% / 1h	53m 58s	$8.3M	$35.7M	50x
Short	SunX SOL-USDT	117.60	0.0100	get 0.0100% / 8h	6h 53m	$191K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$0.84
Price spread: −0.131% → +0.018%: −$14.93
Slippage, 4 orders: −$34.64
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$63.41
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; SunX: live order book, 12 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	4.6 bp −$5	5.4 bp −$54	8.9 bp −$891	doesn't fit
Sell SunX live order book, 12 min ago	3.31 bp	18.8 bp −$19	36.9 bp −$369	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
ApeX Omni SOLUSDT	−0.1080%	1h	118.05	+0.247%	$1.5M	$6.1M	50x	as long as short
HTX SOL-USDT	−0.0081%	8h	117.66	−0.079%	$228.8M	$44.8M	75x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.56	−0.166%	$919	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	117.55	−0.179%	$94K	$697K	20x	as long as short
Vest SOL-PERP	−0.0079%	1h	117.53	−0.194%	—	$610K	20x	as long as short
Derive SOL-PERP	−0.0050%	1h	117.58	−0.148%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.57	−0.159%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.69	−0.055%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.67	−0.074%	$1.6M	$21.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.64	−0.095%	$131K	$4.0M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SOL_USDT	+0.0005%	8h	117.71	−0.040%	$845.5M	$648.2M	100x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.53	−0.197%	$1.8M	$4.6M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.77	+0.009%	$31.5M	$98.6M	100x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.54	−0.185%	$102K	$162K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0066%	1h	117.77	+0.009%	$26.4M	$25.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.75	−0.010%	$7.9M	$409.5M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.74	−0.016%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.67	−0.073%	$1.1M	$5.9M	100x	as long as short
Lighter RH SOL	+0.0088%	1h	117.70	−0.048%	$2.2M	$16.6M	25x	as long as short
Lighter SOL	+0.0096%	1h	117.72	−0.033%	$13.1M	$57.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.68	−0.069%	$345K	$262K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.58	−0.153%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.52	−0.202%	$45K	$815K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.58	−0.146%	$5.7M	$41.4M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.70	−0.049%	$177.6M	$180.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.69	−0.059%	$12.8M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.75	−0.010%	$974.7M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.77	+0.011%	$819.1M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.76	+0.002%	$365.4M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.56	−0.168%	$255K	$899K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.59	−0.139%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.333%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.79	+0.028%	$421.9M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.73	−0.023%	$133.3M	$207.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.77	+0.009%	$488.9M	$445.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.74	−0.015%	$23.8M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.61	−0.128%	$24.4M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.09	+0.283%	$94.9M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.85	+0.076%	$48.3M	$29.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.58	−0.151%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.56	−0.168%	$352K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.56	−0.166%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.59	−0.139%	$37K	$17K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	117.60	−0.131%	$191K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	117.72	−0.032%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.74	−0.015%	$45.9M	$100.7M	50x	as long as short
Extended SOL-USDlong	+0.0104%	1h	117.76	long leg	$8.3M	$35.7M	50x
Hyperliquid SOL	+0.0105%	1h	117.87	+0.096%	$716.1M	$400.5M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.65	−0.093%	—	$228.5M	500x	as long as short
Phoenix SOL	+0.0114%	1h	117.72	−0.032%	$6.5M	$13.5M	25x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.52	−0.203%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.63	−0.108%	$52.2M	$73.9M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.480%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.57	−0.160%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0280%	1h	118.10	+0.294%	$25K	$51K	20x	as long as short