Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.002%

Price spread now: Coinbase International against MEXC+0.052%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)−0.406%−$41 · spread now +0.052%, 7d avg +0.015%

Together, before fees−0.364%−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.037% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	118.73	0.0100	pay 0.0100% / 8h	2h 49m	$466.7M	$1.07B	300x
Short	Coinbase International SOL-PERP-INTX	118.79	0.0112	get 0.0014% / 1h	49m 07s	$8.1M	$414.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.052%Rate

Funding earned: $2.52
Price spread: +0.052% → +0.015%: $3.69
Slippage, 4 orders: −$1.76
Fee MEXC: 1 bp × 2 orders: −$2
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$7.55
Costs to cover: 0.138%
Break-even: 28.0 days

Slippage from MEXC: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.4 bp −$236	4.8 bp −$2,401
Sell Coinbase International live order book, 5 min ago	0.04 bp	5.5 bp −$6	7.8 bp −$78	17.2 bp −$1,725	183.8 bp −$91.9K

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 PERP	−0.0151%	1h	118.89	+0.135%	$4K	$2K	12x	as long as short
Derive SOL-PERP	−0.0104%	1h	118.66	−0.057%	$2.0M	$3.2M	13x	as long as short
ApeX Omni SOLUSDT	−0.0100%	1h	118.77	+0.036%	$1.5M	$6.2M	50x	as long as short
Vest SOL-PERP	−0.0082%	1h	118.74	+0.010%	—	$726K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.80	+0.058%	$842	$8K	25x	as long as short
Aftermath Perps SOLUSD	−0.0062%	1h	118.93	+0.171%	$24K	$48K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.79	+0.051%	$48K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	118.85	+0.101%	$4.9M	$26.8M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.86	+0.107%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.77	+0.034%	$179K	$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	+0.0023%	1h	118.80	+0.061%	$26.7M	$27.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0057%	8h	118.75	+0.016%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	118.80	+0.059%	$104K	$152K	20x	as long as short
HTX SOL-USDT	+0.0073%	8h	118.80	+0.058%	$231.5M	$43.8M	75x	as long as short
Gate SOL_USDT	+0.0081%	8h	118.74	+0.008%	$857.6M	$675.3M	100x	as long as short
KuCoin SOLUSDTM	+0.0090%	8h	118.76	+0.024%	$144.1M	$197.6M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.74	+0.009%	$13.4M	$53.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.73	−0.002%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.77	+0.033%	$353K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.77	+0.033%	$1.0M	$524K	50x	as long as short
Bitget SOLUSDT	+0.0099%	8h	118.73	+0.003%	$495.6M	$450.6M	100x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.79	+0.051%	$46K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.74	+0.007%	$5.5M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.84	+0.091%	$716.8M	$424.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.74	+0.008%	$179.1M	$174.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.82	+0.078%	$12.3M	$113.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.78	+0.042%	$971.0M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.77	+0.034%	$821.4M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.72	−0.008%	$368.1M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.86	+0.109%	$233K	$868K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.82	+0.078%	$1.9M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.88	+0.128%	$133.2M	$12.7M	20x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	118.73	long leg	$466.7M	$1.07B	300x
BingX SOL-USDT	+0.0100%	8h	118.75	+0.016%	—	$372.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.76	+0.025%	$24.2M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.86	+0.106%	$28.3M	$126.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.91	+0.151%	$95.5M	$396.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.87	+0.117%	$48.7M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.86	+0.109%	$1.4M	$13.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.78	+0.042%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.75	+0.018%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.74	+0.011%	$37K	$15K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.73	−0.003%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.73	0.000%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.76	+0.025%	$46.3M	$99.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.72	−0.012%	$8.6M	$37.4M	50x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0112%	1h	118.79	+0.052%	$8.1M	$414.2M	50x
Hibachi SOL/USDT-P	+0.0120%	1h	118.85	+0.098%	$123K	$622K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.81	+0.065%	—	$218.7M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.00	+0.227%	$6.7M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0088%	1h	118.79	+0.047%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	118.81	+0.068%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	118.77	+0.033%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.72	−0.008%	$51.6M	$89.3M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0224%	1h	118.77	+0.031%	$36.1M	$90.3M	100x	as long as short