Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: edgeX against Phemex−0.002%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.002%, 7d avg −0.027%

Together, before fees+0.079%+ Points / potential airdropedgeX: Active · farm board+$8 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: edgeX is 0.025% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOLUSDT	118.58	0.0100	pay 0.0100% / 8h	6m 23s	$46.4M	$102.4M	50x
Short	edgeX SOLUSDC	118.58	0.0100	get 0.0050% / 4h	6m 23s	$95.2M	$402.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → −0.027%: $2.53
Slippage, 4 orders: −$8.34
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$26.81
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; edgeX: live order book, 3 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 Phemex live order book, 3 min ago	0.84 bp	7.8 bp −$8	8.5 bp −$85	13.9 bp −$1,394	doesn't fit
Sell edgeX live order book, 3 min ago	2.53 bp	7.0 bp −$7	7.0 bp −$70	7.1 bp −$713	10.3 bp −$5,141

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
Derive SOL-PERP	−0.0100%	1h	118.41	−0.146%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.56	−0.018%	$841	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.48	−0.085%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	118.59	+0.012%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.50	−0.069%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.61	+0.030%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.58	−0.002%	$174K	$3.9M	8.3x	as long as short
ApeX Omni SOLUSDT	+0.0003%	1h	118.58	0.000%	$1.5M	$6.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0010%	1h	118.57	−0.006%	$26.6M	$25.7M	50x	as long as short
Gate SOL_USDT	+0.0066%	8h	118.47	−0.093%	$865.1M	$687.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0076%	8h	118.50	−0.072%	$1.0M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	118.53	−0.041%	$230.7M	$45.1M	75x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.56	−0.017%	$104K	$158K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.48	−0.081%	—	$10.5M	—	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	118.72	+0.116%	$120K	$631K	20x	as long as short
Lighter SOL	+0.0096%	1h	118.56	−0.017%	$13.4M	$56.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.54	−0.033%	$2.1M	$17.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.48	−0.089%	$351K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.62	+0.031%	$8.1M	$415.6M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.57	−0.010%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.56	−0.017%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.54	−0.034%	$5.8M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.64	+0.051%	$717.4M	$407.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.55	−0.027%	$178.2M	$177.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.60	+0.015%	$12.2M	$122.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.48	−0.087%	$977.0M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.50	−0.068%	$821.5M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.48	−0.084%	$370.1M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.44	−0.118%	$230K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.60	+0.016%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.65	+0.057%	$133.6M	$4.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.49	−0.076%	$427.8M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.55	−0.025%	$137.1M	$206.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.48	−0.081%	$491.5M	$458.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.60	+0.017%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.48	−0.085%	$27.0M	$128.9M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	118.58	−0.002%	$95.2M	$402.9M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	118.64	+0.051%	$48.6M	$30.8M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.56	−0.017%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.53	−0.042%	$361K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.48	−0.083%	$200K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.50	−0.065%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.53	−0.045%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.53	−0.042%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDTlong	+0.0100%	8h	118.58	long leg	$46.4M	$102.4M	50x
Phoenix SOL	+0.0100%	1h	118.73	+0.126%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.46	−0.100%	$8.6M	$36.0M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0106%	1h	118.53	−0.044%	$32.5M	$96.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0116%	1h	118.62	+0.034%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.60	+0.019%	—	$225.8M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0070%	1h	118.49	−0.073%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.66	+0.067%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.47	−0.093%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.57	−0.008%	$51.7M	$80.0M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.54	−0.033%	$1.8M	$4.8M	20x	as long as short