Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h −0.155%

Price spread now: SunX against Injective+0.306%7-day average — · you sell dearer than you buy

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

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and SunX is 0.306% dearer against Injective than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SOL/USDC PERP	118.68	−0.0151	get 0.0019% / 1h	54m 41s	$4K	$2K	12x
Short	SunX SOL-USDT	119.04	0.0100	get 0.0100% / 8h	2h 54m	$193K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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 InjectivebpFee SunXbpOrdersPrice spread, now +0.306%Rate

Funding earned: $52.78
Price spread: +0.306% → 0.000%: $30.58
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: $75.34
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; SunX: live order book, 11 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 Injective no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	4.20 bp	20.5 bp −$21	31.5 bp −$315	doesn't fit	doesn't fit

Injective: 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
Injective SOL/USDC PERPlong	−0.0151%	1h	118.68	long leg	$4K	$2K	12x
Aftermath Perps SOLUSD	−0.0084%	1h	119.05	+0.310%	$24K	$47K	20x	as long as short
Vest SOL-PERP	−0.0083%	1h	119.05	+0.314%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.04	+0.303%	$844	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	119.11	+0.359%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.19	+0.426%	$50K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.87	+0.160%	$4.9M	$26.8M	20x	as long as short
Perpl SOL	0.0000%	43m	119.11	+0.359%	$191K	$4.1M	8.3x	as long as short
Orderly PERP_SOL_USDC	+0.0056%	8h	119.19	+0.431%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	119.14	+0.388%	$104K	$152K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0070%	8h	119.04	+0.300%	$232.0M	$43.7M	75x	as long as short
Gate SOL_USDT	+0.0079%	8h	118.82	+0.118%	$857.6M	$673.6M	100x	as long as short
KuCoin SOLUSDTM	+0.0086%	8h	118.76	+0.069%	$144.9M	$197.3M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.92	+0.203%	$13.4M	$52.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.86	+0.150%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.17	+0.413%	$354K	$746K	20x	as long as short
Bitget SOLUSDT	+0.0097%	8h	118.78	+0.080%	$495.8M	$451.6M	100x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	118.74	+0.053%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.81	+0.110%	$47K	$781K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.07	+0.325%	$5.6M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.05	+0.312%	$718.5M	$423.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.96	+0.240%	$179.6M	$174.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.88	+0.169%	$12.4M	$113.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.84	+0.131%	$974.1M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.85	+0.142%	$822.8M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.73	+0.042%	$369.2M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	+0.084%	$233K	$867K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.87	+0.158%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.09	+0.343%	$133.4M	$13.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.83	+0.126%	$472.8M	$1.07B	300x	as long as short
BingX SOL-USDC	+0.0100%	8h	118.74	+0.053%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.19	+0.430%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	+0.332%	$27.7M	$126.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.93	+0.211%	$95.5M	$395.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.07	+0.330%	$48.7M	$33.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	118.99	+0.261%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.06	+0.320%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.15	+0.396%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.15	+0.394%	$201K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.18	+0.422%	$37K	$15K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	119.04	+0.306%	$193K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	119.18	+0.421%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.11	+0.362%	$46.5M	$99.9M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	119.25	+0.484%	$26.8M	$27.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.72	+0.033%	$8.7M	$37.3M	50x	as long as short
Kalshi KXSOLPERP	+0.0104%	8h	119.14	+0.387%	$1.2M	$20.9M	3.1x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.23	+0.463%	$8.1M	$415.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0120%	1h	119.02	+0.289%	$123K	$621K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.07	+0.326%	—	$217.6M	500x	as long as short
Phoenix SOL	+0.0149%	1h	119.15	+0.396%	$6.7M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.84	+0.135%	$1.6M	$6.2M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.15	+0.395%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.18	+0.421%	$52.0M	$91.2M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.20	+0.435%	$36.1M	$89.9M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0174%	1h	119.18	+0.421%	$3.6M	—	200x	as long as short