Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.002%

Price spread now: 01 Exchange against MEXC+0.025%7-day average +0.031% · you sell dearer than you buy

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−$200.200% of the position

Long on MEXC Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.025%, 7d avg +0.031%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOL_USDT	119.17	0.0100	pay 0.0100% / 8h	2h 02m	$440.5M	$1.13B	300x
Short	01 Exchange SOLUSD	119.20	0.0072	get 0.0009% / 1h	2m 28s	$104K	$152K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.025%Rate

Funding earned: −$5.88
Price spread: +0.025% → +0.031%: −$0.55
Slippage, 4 orders: −$11.04
Fee MEXC: 1 bp × 2 orders: −$2
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$26.47
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; 01 Exchange: live order book, 22 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, 2 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.5 bp −$246	4.5 bp −$2,248
Sell 01 Exchange live order book, 22 min ago	0.83 bp	8.8 bp −$9	12.9 bp −$129	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
Injective SOL/USDC PERP	−0.0151%	1h	119.41	+0.201%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.22	+0.044%	$845	$8K	25x	as long as short
Vest SOL-PERP	−0.0067%	1h	119.12	−0.040%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0056%	1h	119.14	−0.024%	$2.0M	$3.1M	13x	as long as short
dYdX SOL-USD	−0.0006%	1h	119.25	+0.067%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.24	+0.059%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.21	+0.030%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.17	−0.002%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0010%	1h	119.29	+0.100%	$26.7M	$27.7M	50x	as long as short
Aftermath Perps SOLUSD	+0.0043%	1h	119.27	+0.088%	$24K	$47K	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	+0.0060%	8h	119.19	+0.018%	$232.2M	$44.7M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0063%	8h	119.24	+0.058%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.24	+0.057%	$120K	$633K	20x	as long as short
01 Exchange SOLUSDshort	+0.0072%	1h	119.20	+0.025%	$104K	$152K	20x
BingX SOL-USDT	+0.0080%	8h	119.17	−0.002%	—	$374.5M	—	as long as short
Gate SOL_USDT	+0.0092%	8h	119.19	+0.017%	$869.0M	$690.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.17	+0.003%	$13.6M	$55.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.16	−0.009%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.21	+0.036%	$353K	$748K	20x	as long as short
ApeX Omni SOLUSDT	+0.0097%	1h	119.07	−0.086%	$1.5M	$6.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.16	−0.012%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.18	+0.008%	$49K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.16	−0.008%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.27	+0.084%	$719.4M	$414.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.17	+0.001%	$178.7M	$176.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.21	+0.031%	$12.4M	$115.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.16	−0.008%	$976.6M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.19	+0.013%	$824.1M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.16	−0.008%	$371.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.10	−0.059%	$233K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.23	+0.050%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.25	+0.067%	$133.7M	$10.9M	20x	as long as short
MEXC SOL_USDTlong	+0.0100%	8h	119.17	long leg	$440.5M	$1.13B	300x
KuCoin SOLUSDTM	+0.0100%	8h	119.20	+0.028%	$140.6M	$198.7M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.16	−0.012%	$496.5M	$453.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.24	+0.059%	$24.3M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.15	−0.017%	$27.5M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.12	−0.044%	$95.7M	$398.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.15	−0.019%	$48.8M	$33.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.24	+0.059%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.16	−0.008%	$364K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.16	−0.009%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.23	+0.048%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.16	−0.005%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.22	+0.042%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.23	+0.050%	$46.6M	$102.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.15	−0.013%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.28	+0.091%	$8.2M	$416.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.16	−0.006%	—	$222.0M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.18	+0.008%	$6.6M	$12.5M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.23	+0.053%	$3.6M	—	200x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.21	+0.031%	$1.6M	$6.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.16	−0.013%	$1.1M	$558K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.16	−0.008%	$52.0M	$86.8M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.26	+0.073%	$35.5M	$91.3M	100x	as long as short