Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC+0.034%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$150.147% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.034%, 7d avg 0.000%

Together, before fees−0.058%−$6 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: Bybit is 0.034% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	117.65	0.0100	pay 0.0100% / 8h	6h 55m	$422.5M	$1.10B	300x
Short	Bybit SOLUSDT	117.69	0.0100	get 0.0100% / 8h	6h 55m	$818.5M	$1.28B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → 0.000%: $3.36
Slippage, 4 orders: −$1.69
Fee MEXC: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$11.33
Costs to cover: 0.147%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Bybit: 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 MEXC live order book, 9 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.8 bp −$277	6.7 bp −$3,350
Sell Bybit live order book, 4 min ago	0.42 bp	5.9 bp −$6	6.6 bp −$66	9.3 bp −$925	13.5 bp −$6,761

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
ApeX Omni SOLUSDT	−0.1080%	1h	118.05	+0.338%	$1.5M	$6.1M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.62	−0.025%	$920	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	117.65	−0.004%	$94K	$696K	20x	as long as short
Vest SOL-PERP	−0.0079%	1h	117.53	−0.103%	—	$610K	20x	as long as short
HTX SOL-USDT	−0.0079%	8h	117.52	−0.110%	$228.6M	$44.7M	75x	as long as short
Derive SOL-PERP	−0.0050%	1h	117.52	−0.112%	$2.0M	$2.7M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.57	−0.068%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.57	−0.068%	$4.5M	$25.9M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.59	−0.052%	$1.6M	$21.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.56	−0.076%	$131K	$4.0M	8.3x	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	0.0000%	1h	117.64	−0.011%	$26.4M	$25.3M	50x	as long as short
Gate SOL_USDT	+0.0003%	8h	117.65	0.000%	$843.1M	$647.2M	100x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.54	−0.094%	$1.8M	$4.6M	20x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.57	−0.068%	$102K	$162K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	117.63	−0.021%	$31.5M	$98.5M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	117.65	+0.001%	$7.9M	$409.1M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.61	−0.033%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	117.61	−0.032%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.62	−0.025%	$13.1M	$57.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.61	−0.031%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.61	−0.031%	$345K	$262K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.60	−0.043%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.57	−0.068%	$43K	$815K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.59	−0.054%	$5.7M	$41.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.76	+0.093%	$715.9M	$402.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.62	−0.025%	$177.5M	$180.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.56	−0.074%	$12.8M	$128.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.64	−0.008%	$973.8M	$3.80B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	117.69	+0.034%	$818.5M	$1.28B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	117.67	+0.017%	$365.0M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.44	−0.178%	$255K	$897K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.58	−0.061%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.15	+0.425%	$136.0M	$13.0M	20x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	117.65	long leg	$422.5M	$1.10B	300x
KuCoin SOLUSDTM	+0.0100%	8h	117.67	+0.017%	$133.2M	$206.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.68	+0.024%	$488.5M	$445.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.65	0.000%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.61	−0.037%	$24.4M	$130.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.09	+0.374%	$94.9M	$399.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.85	+0.167%	$48.3M	$29.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.09	+0.374%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.52	−0.110%	$351K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.54	−0.092%	$199K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.57	−0.071%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.61	−0.031%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.61	−0.034%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.66	+0.008%	$45.9M	$100.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.57	−0.066%	$8.3M	$35.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.61	−0.030%	—	$228.1M	500x	as long as short
Phoenix SOL	+0.0114%	1h	117.72	+0.059%	$6.5M	$13.5M	25x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	117.50	−0.125%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.63	−0.017%	$52.2M	$73.9M	125x	as long as short
Injective SOL/USDC PERP	+0.0222%	1h	119.50	+1.572%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	117.55	−0.088%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0275%	1h	118.21	+0.479%	$25K	$51K	20x	as long as short