Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against MEXC−0.017%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on MEXC Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.017%, 7d avg +0.004%

Together, before fees+0.005%+$1 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: Bulk is 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	116.57	0.0100	pay 0.0100% / 8h	1h 43m	$362.0M	$1.08B	300x
Short	Bulk SOL-USD	116.55	0.0100	get 0.0013% / 1h	43m 22s	$125.4M	$23.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against MEXC. 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 MEXCbpFee BulkbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → +0.004%: −$2.12
Slippage, 4 orders: −$9.45
Fee MEXC: 1 bp × 2 orders: −$2
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$20.56
Costs to cover: 0.184%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Bulk: live order book, 1 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 MEXC live order book, 6 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.9 bp −$288	3.4 bp −$1,717
Sell Bulk live order book, 1 min ago	4.29 bp	7.8 bp −$8	7.8 bp −$78	7.8 bp −$779	7.8 bp −$3,897

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
Hibachi SOL/USDT-P	−0.0120%	1h	116.63	+0.051%	$97K	$687K	20x	as long as short
Bybit SOLUSDT	−0.0112%	8h	116.53	−0.039%	$741.6M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.56	−0.008%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.55	−0.014%	$33.1M	$105.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.51	−0.052%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0011%	1h	116.54	−0.024%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.62	+0.039%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.62	+0.041%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.63	+0.051%	$109K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0013%	1h	116.51	−0.054%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0040%	1h	116.59	+0.017%	$100K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.56	−0.009%	$8.2M	$405.1M	50x	as long as short
Bitget SOLUSDT	+0.0049%	8h	116.54	−0.024%	$479.9M	$462.4M	100x	as long as short
Lighter RH SOL	+0.0056%	1h	116.55	−0.017%	$2.2M	$16.8M	25x	as long as short
SoDEX SOL-USD	+0.0061%	1h	116.55	−0.017%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	116.57	0.000%	$1.0M	$6.0M	100x	as long as short
Aster SOLUSDT	+0.0090%	8h	116.57	+0.004%	$175.8M	$176.2M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.46	−0.092%	$13.1M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.55	−0.016%	$349K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0096%	8h	116.54	−0.029%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.55	−0.017%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.60	+0.025%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.66	+0.077%	$697.8M	$410.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.57	+0.002%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.58	+0.009%	$968.4M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.54	−0.026%	$370.6M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.63	+0.051%	$217K	$888K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.62	+0.039%	$903K	$8.8M	20x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	116.55	−0.017%	$125.4M	$23.1M	20x
Gate SOL_USDT	+0.0100%	8h	116.56	−0.009%	$844.3M	$666.2M	100x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	116.57	long leg	$362.0M	$1.08B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.55	−0.016%	$129.2M	$232.4M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.54	−0.023%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.56	−0.009%	$23.1M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.33	−0.202%	$24.8M	$112.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.37	−0.174%	$93.4M	$411.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.44	−0.112%	$47.7M	$31.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.44	−0.112%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.65	+0.069%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.55	−0.017%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.60	+0.027%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.59	+0.014%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.61	+0.030%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.67	+0.087%	$225.9M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.60	+0.026%	$45.4M	$105.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.57	−0.002%	$8.0M	$39.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0104%	1h	116.63	+0.050%	$26.4M	$21.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.57	−0.003%	—	$237.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	−0.060%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.66	+0.077%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.53	−0.034%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.65	+0.069%	$52.4M	$68.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.62	+0.039%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.68	+0.091%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0494%	1h	116.65	+0.067%	$25K	$56K	20x	as long as short