Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: SunX against Hyperliquid−0.092%52s7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

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

costs, in and out, $10k−$520.522% of the position

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 3 days (all we have)−0.115%−$11 · spread now −0.092%, 7d avg −0.073%

Together, before fees−0.068%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SOL	119.81	0.0100	pay 0.0013% / 1h	41m 25s	$722.4M	$416.1M	20x
Short	SunX SOL-USDT	119.70	0.0100	get 0.0100% / 8h	1h 41m	$194K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Hyperliquid. 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 HyperliquidbpFee SunXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.073%: −$1.93
Slippage, 4 orders: −$35.25
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$54.18
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 13 min ago; SunX: live order book, 4 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 Hyperliquid live order book, 13 min ago	0.42 bp	4.9 bp −$5	6.6 bp −$66	9.6 bp −$961	doesn't fit
Sell SunX live order book, 4 min ago	2.61 bp	21.7 bp −$22	31.2 bp −$312	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
Bluefin SOL-PERP	−0.0426%	1h	119.66	−0.123%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.59	−0.181%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.73	−0.064%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.65	−0.135%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0002%	1h	119.74	−0.061%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.70	−0.093%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.69	−0.103%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.72	−0.075%	$179K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0008%	1h	119.53	−0.236%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.50	−0.259%	$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	+0.0061%	1h	119.49	−0.267%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	119.67	−0.119%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0074%	8h	119.66	−0.129%	$233.1M	$44.5M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.70	−0.092%	—	$374.1M	—	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.74	−0.058%	$105K	$153K	20x	as long as short
Gate SOL_USDT	+0.0090%	8h	119.68	−0.109%	$873.4M	$679.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.72	−0.073%	$13.7M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.71	−0.087%	$2.1M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.60	−0.174%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.71	−0.084%	$1.1M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.71	−0.083%	$46K	$790K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.70	−0.088%	$6.2M	$41.5M	40x	as long as short
Hyperliquid SOLlong	+0.0100%	1h	119.81	long leg	$722.4M	$416.1M	20x
Aster SOLUSDT	+0.0100%	8h	119.71	−0.082%	$179.2M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.76	−0.043%	$12.4M	$116.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.70	−0.095%	$986.5M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.71	−0.080%	$827.2M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.66	−0.125%	$373.0M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.74	−0.058%	$234K	$889K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.81	+0.001%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.71	−0.083%	$460.1M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.73	−0.066%	$141.2M	$199.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.68	−0.107%	$496.8M	$454.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.73	−0.067%	$24.2M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.38	−0.356%	$27.7M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.51	−0.253%	$96.0M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.44	−0.310%	$48.9M	$32.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.49	−0.266%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.68	−0.109%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.70	−0.092%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.69	−0.099%	$201K	$1.7M	20x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	119.70	−0.092%	$194K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	119.69	−0.100%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.70	−0.092%	$46.8M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	−0.051%	$134.3M	$8.4M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0102%	1h	119.74	−0.056%	$26.8M	$27.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.73	−0.069%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.74	−0.058%	$8.2M	$415.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.77	−0.031%	—	$221.9M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.70	−0.092%	$32.7M	$95.3M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.69	−0.096%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.68	−0.108%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.78	−0.024%	$1.7M	$5.9M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.568%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.52	−0.242%	$52.1M	$82.5M	125x	as long as short