Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.055%

Price spread now: MEXC against Hibachi+0.134%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$140.137% of the position

Long on Hibachi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.942%−$94 · spread now +0.134%, 7d avg −0.037%

Together, before fees−0.925%+ Points / potential airdropHibachi: Active · farm board−$93 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.171% dearer against Hibachi than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	117.32	0.0064	pay 0.0008% / 1h	36m 11s	$102K	$693K	20x
Short	MEXC SOL_USDT	117.48	0.0100	get 0.0100% / 8h	5h 36m	$426.7M	$1.07B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hibachi. 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 HibachibpFee MEXCbpOrdersPrice spread, now +0.134%Rate

Funding earned: $7.56
Price spread: +0.134% → −0.037%: $17.06
Slippage, 4 orders: −$2.72
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee MEXC: 1 bp × 2 orders: −$2
Net: $10.9
Costs to cover: 0.137%
Break-even: from the start

Slippage from Hibachi: live order book, 28 min ago; MEXC: live order book, 3 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 Hibachi live order book, 28 min ago	0.04 bp	4.5 bp −$5	16.8 bp −$168	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.4 bp −$244	5.6 bp −$2,812

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	117.26	−0.050%	$917	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	117.30	−0.017%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.49	+0.138%	$31.6M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.39	+0.058%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.45	+0.108%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.44	+0.098%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.39	+0.059%	$1.4M	$19.4M	3.1x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.42	+0.083%	$100K	$163K	20x	as long as short
Hibachi SOL/USDT-Plong	+0.0064%	1h	117.32	long leg	$102K	$693K	20x
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.53	+0.177%	$8.0M	$403.6M	50x	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	+0.0071%	1h	117.51	+0.163%	$26.4M	$24.9M	50x	as long as short
HTX SOL-USDT	+0.0073%	8h	117.30	−0.017%	$227.9M	$45.5M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.38	+0.044%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.47	+0.126%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.50	+0.149%	$13.1M	$59.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.48	+0.135%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.46	+0.115%	$344K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.36	+0.031%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.47	+0.122%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.47	+0.129%	$5.8M	$39.2M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.42	+0.085%	$176.8M	$178.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.48	+0.135%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.48	+0.137%	$966.4M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.50	+0.146%	$823.6M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.45	+0.108%	$366.0M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.41	+0.074%	$237K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.45	+0.112%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.108%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.39	+0.057%	$857.8M	$648.3M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	117.48	+0.134%	$426.7M	$1.07B	300x
KuCoin SOLUSDTM	+0.0100%	8h	117.43	+0.089%	$129.8M	$212.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.45	+0.112%	$486.8M	$432.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.38	+0.048%	$23.6M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.24	−0.069%	$24.3M	$117.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.31	−0.007%	$94.2M	$398.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.16	−0.135%	$48.0M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.23	−0.079%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.28	−0.037%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.40	+0.065%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.42	+0.084%	$199K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.44	+0.104%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.43	+0.092%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.47	+0.125%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.48	+0.134%	$45.7M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.44	+0.097%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.37	+0.041%	—	$218.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.38	+0.048%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.48	+0.137%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0165%	1h	117.52	+0.168%	$717.9M	$392.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.37	+0.036%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.048%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.36	+0.031%	$51.7M	$71.0M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.43	+0.088%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.43	+0.094%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0388%	1h	117.37	+0.044%	$25K	$51K	20x	as long as short