Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0476%/8h= +52.1% APRpaid last 24h +0.055%

Price spread now: Aftermath Perps against Phemex+0.068%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Aftermath Perps is 0.068% dearer against Phemex than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	116.51	0.0100	pay 0.0100% / 8h	3h 13m	$45.3M	$103.4M	50x
Short	Aftermath Perps SOLUSD	116.59	0.0576	get 0.0072% / 1h	13m 21s	$25K	$52K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phemex. 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 PhemexbpFee Aftermath PerpsbpOrdersPrice spread, now +0.068%Rate

Funding earned: $99.92
Price spread: +0.068% → 0.000%: $6.81
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $85.72
Costs to cover: 0.210%
Break-even: 1.0 days

Slippage unknown: Phemex: live order book, 6 min ago; Aftermath Perps: no order-book sample. 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 Phemex live order book, 6 min ago	0.43 bp	8.8 bp −$9	9.1 bp −$91	17.4 bp −$1,743	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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
Hibachi SOL/USDT-P	−0.0208%	1h	116.59	+0.068%	$105K	$703K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.52	+0.006%	$31.3M	$102.2M	100x	as long as short
Vest SOL-PERP	−0.0107%	1h	116.45	−0.053%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.61	+0.088%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0056%	8h	116.42	−0.082%	$751.2M	$1.39B	100x	as long as short
Derive SOL-PERP	−0.0030%	1h	116.42	−0.078%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.51	−0.002%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.52	+0.013%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0011%	1h	116.49	−0.018%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.52	+0.012%	$7.6M	$405.3M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0060%	1h	116.49	−0.016%	$147K	$1.6M	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.53	+0.017%	$99K	$175K	20x	as long as short
Bitget SOLUSDT	+0.0092%	8h	116.47	−0.035%	$480.7M	$447.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.51	−0.003%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.50	−0.008%	$13.1M	$60.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.49	−0.020%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.51	+0.003%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.46	−0.043%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.52	+0.006%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.47	−0.030%	$5.4M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.61	+0.086%	$702.5M	$395.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.48	−0.026%	$174.5M	$183.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.53	+0.015%	$15.7M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.51	0.000%	$971.7M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.51	0.000%	$367.3M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.42	−0.077%	$227K	$844K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.54	+0.024%	$919K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.049%	$133.0M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.48	−0.026%	$855.8M	$667.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.51	0.000%	$368.1M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.49	−0.014%	$128.8M	$224.1M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.49	−0.020%	—	$364.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.49	−0.017%	$23.0M	$40.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.48	−0.022%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.58	+0.060%	$93.6M	$401.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.51	−0.002%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.71	+0.172%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.50	−0.009%	$1.3M	$12.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	−0.026%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.51	0.000%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.50	−0.005%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.50	−0.009%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.48	−0.026%	$225.7M	$48.3M	75x	as long as short
Phemex SOLUSDTlong	+0.0100%	8h	116.51	long leg	$45.3M	$103.4M	50x
Extended SOL-USD	+0.0104%	1h	116.44	−0.060%	$8.2M	$37.8M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.163%	$4K	$2K	12x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0110%	1h	116.55	+0.036%	$26.3M	$23.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.52	+0.011%	—	$235.7M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.60	+0.077%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.47	−0.038%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.50	−0.009%	$51.8M	$67.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.50	−0.009%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.53	+0.017%	$132K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.58	+0.064%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSDshort	+0.0576%	1h	116.59	+0.068%	$25K	$52K	20x