Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h −0.031%

Price spread now: MEXC against GMX+0.062%7-day average −0.038% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.117%−$12 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.062%, 7d avg −0.038%

Together, before fees−0.181%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.100% dearer against GMX than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.038%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SOL/USD [SOL-USDC]	119.49	L +0.0171% / S −0.0089%	pay 0.0021% / 1h	43m 07s	$3.6M	—	200x
Short	MEXC SOL_USDT	119.56	0.0100	get 0.0100% / 8h	1h 43m	$435.7M	$1.10B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GMX. 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 GMXbpFee MEXCbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$14.91
Price spread: +0.062% → −0.038%: $9.95
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$18.96
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 1 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.3 bp −$234	4.4 bp −$2,212

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bluefin SOL-PERP	−0.0525%	1h	119.49	+0.006%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.41	−0.064%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.56	+0.061%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.46	−0.025%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0002%	1h	119.51	+0.017%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.50	+0.007%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.58	+0.078%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.55	+0.051%	$182K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	119.50	+0.013%	$120K	$610K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.50	+0.012%	$6.6M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0063%	1h	119.39	−0.082%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	119.51	+0.023%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0073%	8h	119.46	−0.023%	$232.7M	$44.5M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.56	+0.064%	—	$373.9M	—	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.59	+0.087%	$104K	$154K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.51	+0.020%	$13.6M	$55.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.50	+0.013%	$2.1M	$16.7M	25x	as long as short
Gate SOL_USDT	+0.0096%	8h	119.50	+0.012%	$871.4M	$678.5M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.47	−0.010%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.53	+0.032%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.51	+0.020%	$46K	$789K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.50	+0.012%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.67	+0.154%	$722.2M	$414.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.58	+0.080%	$179.0M	$175.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.56	+0.062%	$12.4M	$116.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.63	+0.120%	$985.9M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.70	+0.177%	$827.7M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.67	+0.154%	$373.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.50	+0.012%	$234K	$887K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.60	+0.094%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.15	−0.280%	$133.6M	$9.3M	20x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	119.56	+0.062%	$435.7M	$1.10B	300x
KuCoin SOLUSDTM	+0.0100%	8h	119.50	+0.016%	$141.0M	$199.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.69	+0.173%	$496.8M	$454.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.57	+0.070%	$24.2M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.38	−0.086%	$27.7M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.46	−0.024%	$95.9M	$398.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.44	−0.040%	$48.9M	$32.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.49	+0.004%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.48	−0.005%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.53	+0.037%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.47	−0.010%	$200K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.49	+0.002%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.50	+0.012%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.54	+0.045%	$46.7M	$101.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.68	+0.160%	$8.7M	$36.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.56	+0.058%	$8.2M	$415.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.51	+0.017%	—	$221.8M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.51	+0.023%	$32.7M	$95.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0151%	1h	119.57	+0.067%	$26.8M	$27.6M	50x	as long as short
GMX SOL/USD [SOL-USDC]long	L +0.0171% / S −0.0089%	1h	119.49	long leg	$3.6M	—	200x
Reya SOLRUSDPERP	+0.0181%	1h	119.51	+0.017%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.59	+0.088%	$1.7M	$5.9M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.298%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.52	+0.028%	$52.1M	$82.5M	125x	as long as short