Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: MEXC against Perpl−0.088%7-day average +0.021% · you buy dearer than you sell

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

Long on Perpl Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.088%, 7d avg +0.021%

Together, before fees+0.303%+ Points / potential airdropPerpl: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.110% cheaper against Perpl than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.021%). If the spread goes back, that is −$11 on $10k: about 3.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl SOL	118.86	0	get 0.0000% / 43m	20m 51s	$154K	$3.9M	8.3x
Short	MEXC SOL_USDT	118.76	0.0100	get 0.0100% / 8h	7h 41m	$426.7M	$1.12B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Perpl. 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 PerplbpFee MEXCbpOrdersPrice spread, now −0.088%Rate

Funding earned: $21
Price spread: −0.088% → +0.021%: −$10.95
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$5.75
Costs to cover: 0.158%
Break-even: 8.9 days

Slippage unknown: Perpl: no order-book sample; MEXC: live order book, 2 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 Perpl no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.42 bp	1.4 bp −$1	1.4 bp −$14	2.8 bp −$276	5.3 bp −$2,664

Perpl: 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
Hotstuff SOL-PERP	−0.0080%	1h	118.83	−0.027%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.77	−0.081%	—	$610K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.76	−0.090%	$2.0M	$2.8M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.84	−0.023%	$32.4M	$96.9M	100x	as long as short
dYdX SOL-USD	−0.0009%	1h	118.81	−0.047%	$4.9M	$26.5M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.85	−0.014%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.84	−0.024%	$1.2M	$20.5M	3.1x	as long as short
Perpl SOLlong	0.0000%	43m	118.86	long leg	$154K	$3.9M	8.3x
HTX SOL-USDT	+0.0004%	8h	118.72	−0.118%	$231.1M	$44.8M	75x	as long as short
Phemex SOLUSDT	+0.0009%	8h	118.82	−0.038%	$46.5M	$100.8M	50x	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	+0.0048%	1h	118.86	−0.004%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	118.84	−0.020%	$121K	$632K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0079%	8h	118.86	−0.008%	$1.0M	$5.9M	100x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	118.62	−0.206%	$1.5M	$6.1M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.77	−0.077%	—	$368.0M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.84	−0.020%	$8.1M	$413.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.76	−0.088%	$14.0M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.75	−0.098%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.84	−0.018%	$348K	$271K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.83	−0.026%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.81	−0.046%	$47K	$785K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.82	−0.034%	$5.8M	$41.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.78	−0.075%	$178.5M	$176.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.85	−0.009%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.76	−0.091%	$978.2M	$3.77B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.78	−0.073%	$822.3M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.76	−0.088%	$370.5M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.78	−0.072%	$232K	$861K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.87	+0.006%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.265%	$133.5M	$4.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.77	−0.080%	$858.5M	$662.1M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	118.76	−0.088%	$426.7M	$1.12B	300x
KuCoin SOLUSDTM	+0.0100%	8h	118.80	−0.052%	$137.9M	$207.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.75	−0.093%	$492.9M	$446.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.85	−0.013%	$24.2M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.61	−0.217%	$26.9M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.57	−0.249%	$95.2M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.67	−0.160%	$48.6M	$30.1M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.67	−0.164%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.83	−0.029%	$360K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.83	−0.030%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.83	−0.032%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.80	−0.054%	$193K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.81	−0.046%	$6.2M	$10.8M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0101%	1h	118.88	+0.010%	$26.6M	$24.8M	50x	as long as short
Hyperliquid SOL	+0.0102%	1h	118.88	+0.013%	$720.1M	$404.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.74	−0.108%	$8.7M	$35.2M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.68	−0.156%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.86	−0.008%	—	$221.9M	500x	as long as short
Aftermath Perps SOLUSD	+0.0153%	1h	118.72	−0.121%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.85	−0.009%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0084%	1h	118.84	−0.021%	$3.5M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.172%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.81	−0.043%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.80	−0.055%	$52.0M	$78.7M	125x	as long as short